ZipRecruiter

Log In

1

Loan Processor Jobs in Secaucus, NJ (NOW HIRING)

Premium Merchant Funding

Loan Processor

Manhattan, NY · On-site

$40/hr

Loan Processor Company: Premium Merchant Funding (PMF) Location: Financial District Salary: $40-45k About Us: Premium Merchant Funding (PMF) offers a wide range of financial solutions for small ...

Crosscountrymortgage

Loan Processor

New York, NY · On-site

$20.50 - $27.25/hr

The Loan Processor is responsible for providing quality customer service by obtaining necessary documentation to underwrite the loan and orders third party documentation by communicating directly ...

Tomo Mortgage LLC

Mortgage Loan Processor

New York, NY · On-site

$76K - $85K/yr

Loan Processing Manager Type: Full-Time; Hybrid (in office Mon-Wed, remote Thurs-Friday) About the role: At Tomo, we're on a mission to make the home buying process simple, transparent, and memorable.

FDM

Mortgage Loan Processor [FDM]

Fairfield, NJ · On-site

$40K - $56K/yr

Mortgage Loan Processor We are seeking a detail-oriented and organized Mortgage Loan Processor to join our dynamic team. This role is essential in ensuring the smooth and efficient processing of ...

NNN Properties, LLC

Loan Processor - (Remote)

New York, NY · Remote

$65K - $75K/yr

The recently formed Capital Markets team is seeking a motivated and dynamic Loan Processor to join the team and contribute to driving the firm's success in the capital markets space. Responsibilities:

NNN Properties, LLC

Loan Processor - (Remote)

New York, NY · On-site +1

$65K - $75K/yr

The recently formed Capital Markets team is seeking a motivated and dynamic Loan Processor to join the team and contribute to driving the firm's success in the capital markets space. Responsibilities:

next page

Showing results 1-20

All JobsLoan Processor JobsLoan Processor Jobs in Secaucus, NJ

Loan Processor information

See Secaucus, NJ salary details

$13

$21

$31

How much do loan processor jobs pay per hour?

As of Aug 2, 2026, the average hourly pay for loan processor in Secaucus, NJ is $21.66, according to ZipRecruiter salary data. Most workers in this role earn between $18.32 and $24.42 per hour, depending on experience, location, and employer.

What are the key skills and qualifications needed to thrive as a Loan Processor, and why are they important?

To thrive as a Loan Processor, you need a solid understanding of loan origination, financial documentation review, and regulatory compliance, often supported by experience in banking or finance. Familiarity with loan processing software like Encompass, Calyx Point, and knowledge of relevant regulations such as RESPA and TILA are typically required. Attention to detail, strong organizational skills, and effective communication make someone stand out in this position. These skills and qualities are crucial to ensure accurate, timely loan approvals and maintain compliance, ultimately supporting customer satisfaction and organizational success.

How much does a loan officer make on a $500,000 loan?

A loan officer typically earns a commission or fee based on the loan amount, often around 1% to 2%, which would be $5,000 to $10,000 for a $500,000 loan. Compensation can also include a base salary and bonuses, depending on the employer and location. Skills in underwriting and customer service are important in this role.

How much do loan processors make?

Loan processors in the United States typically earn an average annual salary of around $45,000 to $55,000, with variations based on experience, location, and employer. In some regions, salaries can range from $40,000 to $65,000, and additional certifications or skills in loan software can influence pay.

What qualifications do you need to be a loan processor?

A loan processor typically needs a high school diploma or equivalent, with some employers preferring post-secondary education or relevant certifications. Strong organizational skills, attention to detail, and familiarity with loan processing software are important, and previous experience in banking or finance can be beneficial.

What are some common challenges faced by Loan Processors, and how can they be managed effectively?

Loan Processors often encounter challenges such as tight deadlines, managing large volumes of documentation, and coordinating with multiple parties like underwriters, loan officers, and clients. Staying organized and maintaining clear communication are key to handling these pressures. Many successful Loan Processors use checklists and digital tools to track document status and follow up regularly with all stakeholders, which helps ensure loans are processed efficiently and accurately.

What Does a Loan Processor Do?

A loan processor reviews loan applications before sending them to the underwriter for approval. As a loan processor, your responsibilities and duties include organizing required documents and verifying the accuracy and completeness of the loan application. You work as the intermediary between the loan officer and the underwriter, so you will not usually have direct contact with the customer. A good loan processor has excellent data and organizational skills, which are needed to succeed in this career.

What are loan processors?

Loan processors are financial professionals who review, verify, and organize loan applications before they are approved by underwriters. They collect necessary documentation from applicants, ensure all information is accurate, and communicate with borrowers and lenders throughout the process. Their primary goal is to make sure the loan file is complete and complies with lending regulations, helping to facilitate a smooth and timely loan approval.

What is the difference between Loan Processor vs Loan Underwriter?

AspectLoan ProcessorLoan Underwriter
Primary RolePrepares and reviews loan documents, gathers borrower informationAssesses loan risk and approves or declines loan applications
Required CredentialsHigh school diploma, some certifications preferredTypically requires mortgage or financial certifications
Work EnvironmentOffice setting, working closely with loan officers and applicantsOffice environment, analyzing financial data and risk
Industry UsageCommon in mortgage and banking sectorsIntegral to mortgage lending and financial institutions

While both roles are essential in the loan process, a Loan Processor focuses on preparing and verifying documents, whereas a Loan Underwriter evaluates the risk and makes approval decisions. Understanding these differences helps in choosing the right career path or job focus within the lending industry.

What does a loan processor do?

A loan processor reviews and verifies loan applications, gathers necessary documentation, and ensures all information complies with lending guidelines. They coordinate with borrowers, underwriters, and lenders to facilitate the approval process and often use loan origination software. Attention to detail and knowledge of financial regulations are essential skills for this role.

Is it hard to become a loan processor?

Becoming a loan processor typically requires a high school diploma or equivalent, strong organizational skills, and attention to detail. Some employers prefer candidates with experience in banking or finance, and familiarity with loan processing software can be beneficial. The role often involves on-the-job training and may require passing a background check.
More about Loan Processor jobs
What are the most commonly searched types of Loan Processor jobs in Secaucus, NJ? The most popular types of Loan Processor jobs in Secaucus, NJ are:
What are popular job titles related to Loan Processor jobs in Secaucus, NJ? For Loan Processor jobs in Secaucus, NJ, the most frequently searched job titles are:
What cities near Secaucus, NJ are hiring for Loan Processor jobs? Cities near Secaucus, NJ with the most Loan Processor job openings:
Loan Processor jobs near you
Infographic showing various Loan Processor job openings in Secaucus, NJ as of July 2026, with employment types broken down into 1% As Needed, 87% Full Time, 8% Part Time, and 4% Contract. Highlights an 95% Physical, 2% Hybrid, and 3% Remote job distribution, with an average salary of $45,047 per year, or $21.7 per hour.

Loan Processor

Premium Merchant Funding

Manhattan, NY • On-site

$40/hr

Full-time

Re-posted 18 days ago

Job description

Job Title: Loan Processor
Company: Premium Merchant Funding (PMF)
Location: Financial District
Salary: $40-45k
About Us:
Premium Merchant Funding (PMF) offers a wide range of financial solutions for small businesses, including merchant cash advances, term loans, SBA loans, and equipment financing. We pride ourselves on transparency, hard work, and a positive work culture.
Job Description:
We're looking for a Loan Processor to join our fast-paced team. You'll support our sales reps by managing loan applications, approvals, and funding processes for small business solutions. The role requires excellent organization, attention to detail, and a customer-focused approach.
Key Responsibilities:
  • Process and track loan applications (merchant cash advances, term loans, SBA loans, etc.)
  • Assist sales reps and follow up on required documentation.
  • Communicate with clients, sales reps, and lenders.
  • Maintain client records and assess risk.
  • Resolve customer inquiries and motivate the sales team.

Requirements:
  • Strong organizational skills with attention to detail.
  • Proficient in Google Sheets, Microsoft Office; Salesforce is a plus.
  • Understanding of small business financing.
  • Degree in Accounting, Finance, or Business preferred.

What We Offer:
  • Full-time, Monday-Thursday: 9:30 a.m. - 7:00 p.m and Friday: 9:30 a.m. - 5:30 p.m.
  • A flexible, inclusive work environment with training and growth opportunities.
  • Visa sponsorship

Apply