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Loan Processing Coordinator Jobs in Basking Ridge, NJ

NNN Properties, LLC

Loan Processor - (Remote)

New York, NY · Remote

$65K - $75K/yr

Third-Party Coordination: Ordering and following up on appraisals, title work, flood certifications ... Previous experience mortgage processing * Comfort working in Salesforce or a comparable CRM * ...

NNN Properties, LLC

Loan Processor - (Remote)

New York, NY · On-site +1

$65K - $75K/yr

Third-Party Coordination: Ordering and following up on appraisals, title work, flood certifications ... Previous experience mortgage processing * Comfort working in Salesforce or a comparable CRM * ...

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Loan Processing Coordinator information

See Basking Ridge, NJ salary details

$36.1K

$49.8K

$70.6K

How much do loan processing coordinator jobs pay per year?

As of Aug 17, 2026, the average yearly pay for loan processing coordinator in Basking Ridge, NJ is $49,821.00, according to ZipRecruiter salary data. Most workers in this role earn between $41,200.00 and $59,300.00 per year, depending on experience, location, and employer.

What is a loan processing coordinator?

Loan Processing Coordinators are professionals who manage the administrative aspects of loan applications, ensuring that all necessary documentation is collected, accurate, and complete. They serve as a liaison between loan applicants, lenders, and underwriters, helping to facilitate a smooth and timely loan approval process. Their responsibilities often include reviewing application forms, verifying applicant information, and tracking loan progress from submission through closing. Attention to detail and strong organizational skills are essential for this role, as coordinators help prevent delays and ensure compliance with lending regulations.

What are the key skills and qualifications needed to thrive as a loan processing coordinator, and why are they important?

A Loan Processing Coordinator needs a solid understanding of loan documentation, financial verification, and regulatory compliance, typically supported by a background in finance or banking. Familiarity with loan origination software (LOS), document management systems, and sometimes relevant certifications such as NMLS registration are commonly required. Attention to detail, strong organizational skills, and effective communication are essential soft skills in this role. These skills ensure accurate, timely processing of loan applications and smooth collaboration between clients, lenders, and underwriters.

What are some common challenges faced by loan processing coordinators, and how can they be managed effectively?

Loan Processing Coordinators often encounter challenges such as managing tight deadlines, ensuring the accuracy of complex documentation, and coordinating communication between applicants, underwriters, and loan officers. Effective organization, keen attention to detail, and strong interpersonal skills are crucial for success in this role. Utilizing loan processing software and maintaining clear checklists can help streamline tasks, while proactive communication can minimize delays and errors. Being adaptable and solution-oriented also helps in addressing unexpected issues that may arise during the loan approval process.

What cities near Basking Ridge, NJ are hiring for Loan Processing Coordinator jobs?

Cities near Basking Ridge, NJ with the most Loan Processing Coordinator job openings:

Loan Processing Coordinator jobs near you
Infographic showing various Loan Processing Coordinator job openings in Basking Ridge, NJ as of August 2026, with employment types broken down into 1% As Needed, 78% Full Time, 14% Part Time, 1% Temporary, 5% Contract, and 1% Nights. Highlights an 93% Physical, 2% Hybrid, and 5% Remote job distribution, with an average salary of $49,821 per year, or $24 per hour.

Junior Mortgage Loan Processor Team Lead

Tomo Mortgage LLC

New York, NY • On-site

$75K - $85K/yr

Full-time

Medical, Dental, Vision, Retirement, PTO

Re-posted 7 days ago

Job description

Who We Are
Tomo is a digital mortgage company on a mission to eliminate the greed and complexity in lending, helping homebuyers save thousands of dollars. Our AI-driven customer experience makes the lending process faster, less frustrating, and more affordable. By passing these savings directly to homebuyers, we eliminate excessive fees and inflated rates that cost Americans billions each year. Backed by top-tier venture investors, including Ribbit, Citi Ventures, NFX and Progressive Insurance, Tomo is poised to become one of the most valuable fintech startups of our generation.
Junior Mortgage Loan Processor Team Lead
Location: New York, NY
Reports To: Loan Processing Manager
Type: Full-Time; Hybrid (in office Mon-Wed, remote Thurs-Friday)
About the Role
This is a hands-on leadership role for an experienced loan processing professional who's ready to step into a player-coach position. As the Junior Loan Processor Team Lead, you'll own the day-to-day execution of a team of ~10 Junior Loan Processors - keeping files moving, quality high, and your people developing. You know the mortgage process cold, and you're energized by teaching others how it works.
You'll be the primary escalation point for your team on anything touching appraisals, title, homeowners insurance, and employment verifications - and you'll set the standard for how this work gets done at Tomo.
What You'll Do
Team Leadership
• Directly supervise and support a team of ~10 Junior Loan Processors, providing day-to-day coaching, feedback, and prioritization guidance
• Onboard and train new team members on Tomo's systems, workflows, and mortgage fundamentals
• Monitor team workload and redistribute files as needed to ensure SLAs are met
• Conduct regular 1:1s and contribute to performance reviews for direct reports
• Serve as the first escalation point for complex file issues, flagging to the Junior Loan Processing Manager when needed
Pipeline & Quality Oversight
• Maintain visibility into the team's full pipeline, ensuring files are progressing and nothing is aging or stalled
• Review team output for accuracy, completeness, and compliance before files advance to underwriting
• Identify patterns in errors or delays and proactively address them through coaching or process adjustment
Third-Party Coordination & Subject Matter Expertise
• Serve as the team's in-house expert on appraisals, title, homeowners insurance (HOI), and employment/income verifications
• Troubleshoot complex third-party issues - including appraisal escalations, title curative matters, HOI coverage gaps, and VOE discrepancies - with a clear understanding of how each impacts loan eligibility and timing
• Stay current on agency guidelines and investor overlays as they relate to third-party documentation requirements
Who You Are
• 3-5+ years of mortgage loan processing experience, with strong hands-on knowledge of the full loan cycle
• Deep familiarity with appraisals (order management, review, escalations), title (commitments, curative, endorsements), HOI (coverage requirements, binders, declarations), and employment verifications (written/verbal VOEs, 4506-C, self-employment docs)
• A natural teacher - you get energy from helping others grow, not just doing the work yourself
• Highly organized with strong attention to detail and the ability to manage competing priorities across a team
• Clear, direct communicator - comfortable giving feedback, setting expectations, and escalating when needed
• Experience with LOS platforms (Encompass or similar); comfortable learning new systems
• Prior lead or supervisory experience a plus, but not required if you're ready to step into it
Why This Role Matters
Your team is the engine that keeps loans moving. By leading them well - and teaching them to handle the complex pieces of the pipeline - you directly impact how fast and smoothly Tomo closes loans for real customers. This is a high-visibility role with a clear path toward Operations leadership.
Employee Benefits
We strive to anticipate your needs in order for you to be a healthy, motivated, and happy team member. We provide a variety of competitive benefits including (but not limited to):
  • Equity Ownership: All teammates receive stock options-we win together
  • Comprehensive Medical, Dental, and Vision plans for you and your dependents with some plans 100% covered
  • Work-life balance and a generous paid time off policy
  • In order to support teammates who become parents, Tomo Mortgage provides paid parental leave
  • 401(k) retirement plan

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