How much does a Loan Processor I make in Tennessee? The average Loan Processor I salary in Tennessee is $38,920 as of March 26, 2024, but the range typically falls between $34,717 and $43,638. Salary ranges can vary widely depending on the city and many other important factors, including education, certifications, additional skills, the number of years you have spent in your profession.

Loan Processor I Salaries by Percentile
Percentile Salary Location Last Updated
10th Percentile Loan Processor I Salary $30,891 TN March 26, 2024
25th Percentile Loan Processor I Salary $34,717 TN March 26, 2024
50th Percentile Loan Processor I Salary $38,920 TN March 26, 2024
75th Percentile Loan Processor I Salary $43,638 TN March 26, 2024
90th Percentile Loan Processor I Salary $47,933 TN March 26, 2024
25% $34,717 10% $30,891 90% $47,933 75% $43,638 $38,920 50%(Median) Didn’t find job title? Click
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What skills does a Loan Processor I need?

Each competency has five to ten behavioral assertions that can be observed, each with a corresponding performance level (from one to five) that is required for a particular job.

1.

Customer Service: Customer service is the provision of service to customers before, during and after a purchase. The perception of success of such interactions is dependent on employees "who can adjust themselves to the personality of the guest". Customer service concerns the priority an organization assigns to customer service relative to components such as product innovation and pricing. In this sense, an organization that values good customer service may spend more money in training employees than the average organization or may proactively interview customers for feedback. From the point of view of an overall sales process engineering effort, customer service plays an important role in an organization's ability to generate income and revenue. From that perspective, customer service should be included as part of an overall approach to systematic improvement. One good customer service experience can change the entire perception a customer holds towards the organization.

2.

Microsoft Office: Microsoft Office is a suite of desktop productivity applications that is designed by Microsoft for business use. You can create documents containing text and images, work with data in spreadsheets and databases, create presentations and posters.

3.

Mortgage Lending: A mortgage loan is a secured loan that allows you to avail funds by providing an immovable asset, such as a house or commercial property, as collateral to the lender.

Customer Service 10.03%
Microsoft Office 1.95%
Mortgage Lending 1.33%
Others 86.69%

Job Description for Loan Processor I

Loan Processor I performs administrative tasks for loan processing. Collects and prepares necessary information required by each loan type and purpose to process and complete loan files. Being a Loan Processor I verifies all documentation for accuracy and completeness. Tracks and monitors due dates. Additionally, Loan Processor I ensures all documents are prepared and finalized in compliance with regulatory policies and procedures. Inputs and maintains all required transaction and processing records according to procedures. Responds to inquiries. Prepares required regulatory reporting. Requires a high school diploma. Typically reports to a supervisor. The Loan Processor I works under the close direction of senior personnel in the functional area. Possesses a moderate understanding of general aspects of the job. May require 0-1 year of general work experience. (Copyright 2024 Salary.com)... View full job description

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Job Openings for Loan Processor I in Tennessee

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Location Avg. Salary Date Updated
Location Adams, TN Avg. Salary $37,827 Date Updated March 26, 2024
Location Adamsville, TN Avg. Salary $35,894 Date Updated March 26, 2024
Location Afton, TN Avg. Salary $36,986 Date Updated March 26, 2024
Location Alamo, TN Avg. Salary $39,088 Date Updated March 26, 2024
Location Alcoa, TN Avg. Salary $38,542 Date Updated March 26, 2024
Location Alexandria, TN Avg. Salary $39,298 Date Updated March 26, 2024
Location Allardt, TN Avg. Salary $38,247 Date Updated March 26, 2024
Location Allons, TN Avg. Salary $38,794 Date Updated March 26, 2024
Location Allred, TN Avg. Salary $38,247 Date Updated March 26, 2024
Location Alpine, TN Avg. Salary $38,247 Date Updated March 26, 2024

Career Path for Loan Processor I

A career path is a sequence of jobs that leads to your short- and long-term career goals. Some follow a linear career path within one field, while others change fields periodically to achieve career or personal goals.

For Loan Processor I, the first career path typically starts with a Loan Processor II position, and then Loan Processing Supervisor.

The second career path typically starts with a Commercial Loan Processor position, and then progresses to Loan Processing Assistant Manager.

Additionally, the third career path typically starts with a Mortgage Loan Processor II position, and then progresses to Loan Processing Manager.

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Loan Processor I Salary in Tennessee
Loan Processor I Salary Graph, Regional Distribution and Summary