While ZipRecruiter is seeing annual salaries as high as $62,000 and as low as $23,500, the majority of Loan Documentation Specialist salaries currently range between $31,500 (25th percentile) to $48,000 (75th percentile) with top earners (90th percentile) making $57,500 annually across the United States.
Beside above, do loan officers get paid a salary?
How Much Does a Loan Officer Make? Loan Officers made a median salary of $63,270 in 2019. The best-paid 25 percent made $92,960 that year, while the lowest-paid 25 percent made $44,840.
Also know, how much do loan review analysts make?
Loan Review Analysts in America make an average salary of $50,760 per year or $24 per hour. The top 10 percent makes over $90,000 per year, while the bottom 10 percent under $28,000 per year.
How much does a document review specialist make?
The average document review specialist salary in the USA is $31,200 per year or $16 per hour. Entry level positions start at $28,529 per year while most experienced workers make up to $37,050 per year.
How much does a loan review specialist make?
The base salary for Loan Review Specialist ranges from $59,877 to $77,632 with the average base salary of $68,457.
What does a document review specialist do?
Document reviewers (also known as document review specialists) are trained legal professionals who examine documents relevant to pending litigation and regulatory investigations. Document reviewers are most often attorneys, paralegals or litigation support personnel.
What does a loan document specialist do?
As a loan documentation specialist, your job is to collect and prepare documents for closing a loan, coordinate the process, review papers to check for errors after closing, and when necessary, take action to correct those errors.
What exactly does a loan officer do?
A loan officer assists consumers and business people in choosing a loan product and applying for it. This person is the main contact with the financial institution through the loan closing. Most loans require a pile of paperwork, and mortgages are the worst.
What is a full doc loan?
In the United States, Full Documentation Loan refers to a loan where all income and assets are documented. It is typically referred to as a “full doc” loan in the mortgage industry and is a common type of loan used for financing a home purchase.
What is a loan processor salary?
How much does a Loan Processor make in California? As of Nov 20, 2021, the average annual pay for a Loan Processor in California is $47,105 an year.
What skills do you need to be a loan officer?
Loan Officer Qualifications / Skills:
- Financial skills.
- Time management skills.
- Knowledge of financial software.
- Customer service.
- Thoroughness.
- Confidentiality.
- Analyzing information.
- Decision making.