What are the job opportunities for loan processors?

For example, what type of companies hire loan processors? What is the avergage income of a loan processor? Where (online) can I find data about this field?

Asked By: larceny'sghost - 5/25/2006
Best Answer - Chosen by Asker
Yeah right. I have been looking for a processing job in the Chicago area for 3 months now. I was a mortgage loan processor that got laid off in January. My prior salary was $39,000 USD per year with monthly bonus. Total income for 2005 was $67,000. You're best off trying to go through More
Answered By: frogee100179 - 5/27/2006
Additional Answers (2)
There are banks and mortgage companies galore that are crying for loan processors. What I want to know is how to qualify for one. It won't take someone long to find a job if qualified. Most places I've asked said "You need experience" but then wouldn't give me the opportunity to get experienced. Good luck.
Answered By: Rabbit - 5/25/2006
As a processor you need to have knowledge of how to take a loan from its application to close. You also need to be able to read between the lines and assess certain situations before they arise. Things to be familiar with consist of Appraisals, Title & Payoff, VOE's, VOM's, CPL & wiring instructions and most... More
Answered By: kevinr3d - 5/25/2006
Sponsored results
Over 483 Local Jobs Now Hiring In Your Area. $18-$87/Hr - Apply Today!
Click. Search. Apply. Free!
Get Your Degree Online Sooner than You Think. Financial Aid Options
The most complete OFCCP solution at a price you won't want to ignore.

Other Career Questions

What is your current job? Why did you choose this job? What do you enjoy about your job? What do you dislike about your job? What would be your perfect job? Would you rather have this j...
3 answers - Asked By: drop pants not bombs!.♥ - 3/2/2010
Where are the jobs? Is productivity and globalization creating a permanent “recession” of jobs? My main issue is I am doing a paper for school and have no idea where to begin. I was hoping suggestions...
4 answers - Asked By: bayebd24【ツ】 - 11/21/2007
Hi ok im 19 and about to start college to do an acess course into a university. Ive been browsing through all the courses and im tottaly stuck! I thought politics but im scared ill end up with some r...
1 answers - Asked By: roseparkerly - 1/26/2009

Content is not owned or controlled by Monster. Any content concerns should be addressed with Yahoo!
Yahoo! Does not evaluate or guarantee the accuracy of any Yahoo! Answers content. Yahoo! Disclaimer.

Popular Articles

Best-Paying Work-from-Home Jobs Article Rating
It’s easier than ever to work from home. Of course, not every job is a mobile job, and some companies aren’t interested in having their employees work from home.
2013 Marketing Jobs Outlook Article Rating
The US may be facing another year of anemic hiring overall, but that won't be the case in the high-orbit world of multichannel, digital media marketing.
For Employers: Post Jobs | Search Resumes | Advertise
About Monster | Work for Monster | Advertise with Us | AdChoices | Partner with Us | Investor Relations | Social Media
Terms of Use | Privacy Center | Accessibility Center | Help | Security | Contact Us | Sitemap | Mobile
©2014 Monster - All Rights Reserved U.S. Patents No. 5,832,497; 7,599,930 B1; 7,827,125 and 7,836,060 MWW - Looking for Monster Cable? - V: 2014.1.40.24-320