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Junior processor vs document processor

The differences between junior processors and document processors can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 2-4 years to become a junior processor, becoming a document processor takes usually requires 6-12 months. Additionally, a junior processor has an average salary of $33,371, which is higher than the $32,730 average annual salary of a document processor.

The top three skills for a junior processor include mortgage loans, loan applications and appraisal orders. The most important skills for a document processor are data entry, quality standards, and real estate.

Junior processor vs document processor overview

Junior ProcessorDocument Processor
Yearly salary$33,371$32,730
Hourly rate$16.04$15.74
Growth rate-3%-
Number of jobs17,0368,761
Job satisfaction--
Most common degreeBachelor's Degree, 38%Bachelor's Degree, 35%
Average age4250
Years of experience412

What does a junior processor do?

A junior processor is responsible for assessing a loan applicant's information to determine whether they are eligible to obtain a loan. This includes examining the assets submitted by the applicant, considering whether the loan is viable, and determining if the applicant is capable of paying. They also explain the terms and conditions set by the lending company. After assessment, they forward the loan applicant's details to the loan committee for appropriate action, which could be approval or disapproval.

What does a document processor do?

Document processors are professionals who are responsible for managing the documenting processes and systems of an organization. These processors are required to organize documents after they have received and processed incoming documents such as texts and audio-visual formats. They must follow the data program techniques and procedures so that they can maintain data entry requirements and ensure quality assurance with all work completed. Document processors must also adhere to companies when handling materials, especially those with confidential information.

Junior processor vs document processor salary

Junior processors and document processors have different pay scales, as shown below.

Junior ProcessorDocument Processor
Average salary$33,371$32,730
Salary rangeBetween $26,000 And $41,000Between $26,000 And $40,000
Highest paying City-Boston, MA
Highest paying state-Massachusetts
Best paying company-Pfizer
Best paying industry-Insurance

Differences between junior processor and document processor education

There are a few differences between a junior processor and a document processor in terms of educational background:

Junior ProcessorDocument Processor
Most common degreeBachelor's Degree, 38%Bachelor's Degree, 35%
Most common majorBusinessBusiness
Most common collegeUniversity of Pennsylvania-

Junior processor vs document processor demographics

Here are the differences between junior processors' and document processors' demographics:

Junior ProcessorDocument Processor
Average age4250
Gender ratioMale, 19.1% Female, 80.9%Male, 28.9% Female, 71.1%
Race ratioBlack or African American, 12.4% Unknown, 4.2% Hispanic or Latino, 18.5% Asian, 6.6% White, 57.9% American Indian and Alaska Native, 0.4%Black or African American, 6.7% Unknown, 4.5% Hispanic or Latino, 10.7% Asian, 4.7% White, 72.3% American Indian and Alaska Native, 1.1%
LGBT Percentage7%7%

Differences between junior processor and document processor duties and responsibilities

Junior processor example responsibilities.

  • Manage a monthly pipeline averaging 100 files from origination to funding per month as a Jr. processor.
  • Work directly with mortgage lenders and foreclosure attorneys to negotiate timely and cost effective repayment plans or modifications for delinquent loans.
  • Ensure accuracy before processing and funding contracts to Nissan and Infiniti dealers

Document processor example responsibilities.

  • Manage a monthly pipeline averaging 100 files from origination to funding per month as a Jr. processor.
  • Summer internship, FHA loan processing
  • Used WordPerfect in windows environment.
  • Scan responses using an OPEX scanner.
  • Enter vehicle data into the AS400 system.
  • Prep, scan and index documents using OnBase.
  • Show more

Junior processor vs document processor skills

Common junior processor skills
  • Mortgage Loans, 10%
  • Loan Applications, 7%
  • Appraisal Orders, 7%
  • FHA, 7%
  • Va, 7%
  • Title Insurance, 7%
Common document processor skills
  • Data Entry, 51%
  • Quality Standards, 7%
  • Real Estate, 5%
  • Computer System, 4%
  • Office Equipment, 4%
  • Clerical Tasks, 2%

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