An application processor handles various tasks related to processing applications. This can include data entry of new business applications, processing suitability cases, and approving merchant applications. They may also process credit card payments, payment corrections/reversals, and complete credit card applications from inbound calling customers. Additionally, application processors are responsible for researching customer accounts, tracking incomplete applications, conducting background checks, and providing administrative support for Medicaid and Medicare eligibility. They may also process high school transcripts, test scores, and perform other tasks such as verifying employment history and education.
It typically takes 2-4 years to become an application processor:
This timeline assumes a typical requirement of a high school diploma and 2-4 years of work experience, with less than 1 month of on-site training and 1-2 years of on-the-job training.
Score Application Processor US AverageAvg. Salary $32,435
Avg. Salary $59,228
Stability LevelGrowth Rate -3 %
Growth Rate 0.3 %
RaceAmerican Indian and Alaska Native 0.40 %
Asian 7.16 %
Black or African American 13.59 %
Hispanic or Latino 13.33 %
Unknown 4.31 %
White 61.21 %
Gender
female 74.77 %
male 25.23 %
Age - 41
RaceAmerican Indian and Alaska Native 3.00 %
Asian 7.00 %
Black or African American 14.00 %
Hispanic or Latino 19.00 %
White 57.00 %
Gender
female 47.00 %
male 53.00 %
Age - 41
Stress LevelStress level is very high
7.1 - high
Complexity LevelComplexity Level is challenging
7 - challenging
Work Life BalanceWork Life balance is fair
6.4 - fair
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Is being an Application Processor right for you?
Take the career quizAn application processor can move into various roles. Many become specialists, team leaders, or managers. Some move into operations management or office management. Others transition into accounting or become account managers. A few even become branch managers or underwriters.
An application processor uses computerized data entry equipment and various word processing and spreadsheet skills. They process applications, verify documents, and enter information into systems for approval. They also handle customer inquiries, perform background checks, and balance accounts.
| Skills | Percentages |
|---|---|
| Data Entry | 31.56% |
| Loan Applications | 8.84% |
| Application Processing | 7.55% |
| Medicaid | 6.44% |
| Customer Accounts | 5.48% |
Accountants spend an average of 1-2 years on post-employment, on-the-job training. New application processors learn the skills and techniques required for their job and employer during this time. The chart below shows how long it takes to gain competency as an application processor based on U.S. Bureau of Labor Statistics data and data from real application processor resumes.
An application processor's main responsibilities include data entry, processing applications, and verifying information. They use computerized equipment and various word processing and spreadsheet tools. They also facilitate completing credit card applications, process payments and payment corrections, and balance accounts.
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