Loan Processor Jobs in Watertown, SD
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Primary Accountabilities Perform all duties necessary to originate loan documents on the Banks loan processor system as directed by lending officers....
In PersonDemographic Data for Watertown, SD
Moving to Watertown, SD? Find some basic demographic data about Watertown, SD below.
Local
National
26,091
1,116
Medium
Loan Processor Online Courses and Training Opportunities
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Loan Processing
Processing a loan can be a complex endeavor. The most common loans offered by mortgage lenders include conventional conforming, conventional nonconforming, FHA, VA, and subprime loans. For most...
Qard Basics: Benevolent Loans in Islamic Finance
When someone provides a qard, the borrower is obligated to repay only the principal amount borrowed. As a benevolent loan, qard stands as a testament to the prohibition of usury (riba) in Islam,...
Loan Processing: Underwriting
Underwriting is the fourth step in processing a loan. It's what happens behind the scenes once you submit your application. It's one of the most critical steps, because the underwriter makes the...
Salary for Loan Processor Jobs in Watertown, SD
Estimated salary range based on data from US Bureau of Labor Statistics (BLS) and iHire research efforts.
Highest Education Level
Loan Processors in Watertown, SD offer the following education background
Bachelor's Degree
35.8%
High School or GED
22.6%
Associate's Degree
15.0%
Vocational Degree or Certification
11.7%
Master's Degree
11.1%
Some College
2.4%
Doctorate Degree
0.9%
Some High School
0.5%
Average Work Experience
Here's a breakdown of the number of years' experience offered by Loan Processors in Watertown, SD
2-4 years
30.6%
Less than 1 year
23.9%
6-8 years
13.6%
None
12.9%
4-6 years
12.3%
1-2 years
6.7%
Qualifications / Skill Sets
The following top skills are often required or desired to land a Loan Processor position
- Automated Clearing House
- Mortgage Lending
- Commercial Banking
- Nationwide Mortgage Licensing System & Registry
- Federal National Morgage Association
- Loan Review
- FHLMC
- Fannie Mae
- Jumbo Loans
- Freddie Mac
- Conventional Loans
- Loan Origination
- Consumer Lending
- Loan Servicing
- Commercial Lending
- VA Loans
- Loan Documentation
- BSA
- Federal Housing Administration
- OFAC
- Mortgage Underwriting
- Encompass
- Anti-Money Laundering
- Underwriting
- General Ledger
- Lending
- Appraisal
- Mortgage Processing
- Loan Processing
- Real Estate
- File Management
- Analytical Skills
- Closing
- Retail
- High School Diploma
- Finance
- Written Communication
- Auditing
- Verbal Communication
- Documentation
- Reporting
- Telephone Skills
- Policy Development
- Filing
- Sales
- Regulations
- Multitasking
- Computer Skills
- Problem Solving
- Microsoft Office
- Microsoft Excel
- Customer Service
- Scheduling
- Time Management
- Leadership
- Communication Skills
- USDA
- Tila Respa Integrated Disclosures
In-Demand skills () are the most popular among employers according to the current jobs in our database. Last updated today!
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