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Auto Loan Processor Jobs (NOW HIRING)

Veros Credit, LLC

Loan Processor

Santa Ana, CA · On-site

$24 - $28/hr

High school diploma or equivalent required; associate's or bachelor's degree in business or finance preferred. * 1-2 years of loan processing experience (auto, mortgage, personal, or consumer banking)

Veros Credit, LLC

Loan Processor

Santa Ana, CA · On-site +1

$24 - $28/hr

High school diploma or equivalent required; associate's or bachelor's degree in business or finance preferred. * 1-2 years of loan processing experience (auto, mortgage, personal, or consumer banking)

Suffolk Credit Union

Loan Processor

Medford, NY · On-site

$25 - $27/hr

Reviews all consumer loan applications, which includes auto, personal, personal line of credit, and ... One (1) to two (2) years of loan processing or general lending experience preferred. Certifications ...

Suffolk Credit Union

Loan Processor

Medford, NY · On-site

$18.75 - $25/hr

Reviews all consumer loan applications, which includes auto, personal, personal line of credit, and ... One (1) to two (2) years of loan processing or general lending experience preferred. Certifications ...

Suffolk Credit Union

Loan Processor

Medford, NY · On-site

$25 - $27/hr

Reviews all consumer loan applications, which includes auto, personal, personal line of credit, and ... One (1) to two (2) years of loan processing or general lending experience preferred. Certifications ...

Veros Credit, LLC

Loan Processor

Santa Ana, CA · On-site +1

$24 - $28/hr

High school diploma or equivalent required; associate's or bachelor's degree in business or finance preferred. * 1-2 years of loan processing experience (auto, mortgage, personal, or consumer banking)

CNB Bank

Commercial Loan Processor

Carlsbad, NM · Remote

$25 - $30/hr

Loan Processor-Commercial and Consumer Loans Department: Loan Operations Department Reports To ... Set up payment method (i.e. coupon book, auto transfer.) * Ensure all titles, mortgages, UCC, and ...

Merck Sharp & Dohme FCU

Consumer Loan Processor

Chalfont, PA · On-site

$18.50 - $23/hr

... Auto Draft Programs including updating loan data in the credit union's computer systems. 5. Review applications and verify accuracy; conduct loan interviews with members. 6. Explain loan programs to ...

Westlake Financial

Auto Loan Officer

Los Angeles, CA · On-site

$3.0K - $8.0K/mo

... auto dealer partners. Our Loan Officer position is a challenging and dynamic position with ... Those applicants requiring reasonable accommodation to the application and/or interview process ...

Merck Sharp & Dohme FCU

Consumer Loan Processor

Chalfont, PA · On-site

$18.50 - $23/hr

... Auto Draft Programs including updating loan data in the credit union's computer systems. 5. Review applications and verify accuracy; conduct loan interviews with members. 6. Explain loan programs to ...

Hankey Group External

Auto Loan Officer

Los Angeles, CA · On-site

$3.0K - $8.0K/mo

... auto dealer partners. Our Loan Officer position is a challenging and dynamic position with ... Those applicants requiring reasonable accommodation to the application and/or interview process ...

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Auto Loan Processor information

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How much do auto loan processor jobs pay per hour?

As of Jul 12, 2026, the average hourly pay for auto loan processor in the United States is $21.30, according to ZipRecruiter salary data. Most workers in this role earn between $18.03 and $24.04 per hour, depending on experience, location, and employer.

What are the most common challenges faced by Auto Loan Processors, and how can they be managed effectively?

Auto Loan Processors often face challenges such as handling high volumes of loan applications, ensuring all documentation is accurate and complete, and adhering to strict regulatory and compliance standards. To manage these, it’s important to stay organized, keep up-to-date with lending regulations, and maintain clear communication with both applicants and team members. Utilizing efficient loan origination systems and developing strong attention to detail can significantly ease workload pressures. Many employers support ongoing training to help processors stay current with industry practices, making the environment dynamic and fostering professional growth.

What are the key skills and qualifications needed to thrive in the Auto Loan Processor position, and why are they important?

To thrive as an Auto Loan Processor, candidates should possess strong attention to detail, knowledge of lending regulations, and experience in financial documentation, often supported by a high school diploma or equivalent. Proficiency with loan origination systems (LOS), underwriting platforms, and basic office software is commonly required, along with familiarity with relevant industry certifications being a plus. Effective communication, organizational skills, and the ability to manage tight deadlines help set top performers apart in this field. These skills are crucial to ensure accuracy, regulatory compliance, and timely processing of auto loan applications.

Is it hard to become a loan processor?

Becoming an auto loan processor typically requires a high school diploma or equivalent, strong attention to detail, and good communication skills. Some employers prefer candidates with experience in finance or customer service, and familiarity with loan processing software can be beneficial. The role often involves on-the-job training and may require certification for advancement.

How much does a loan officer make on a $500,000 loan?

A loan officer typically earns a commission or fee based on the loan amount, often around 1% to 2%, which would be $5,000 to $10,000 for a $500,000 loan. Compensation can also include a base salary plus bonuses, depending on the employer and location. The specific earnings depend on the lender's commission structure and the loan's terms.

How do loan processors get paid?

Auto loan processors typically earn an hourly wage or a salary, often supplemented by bonuses or commissions based on performance. Compensation can vary depending on the employer, location, and experience, and may include benefits such as health insurance and paid time off.

What is an Auto Loan Processor job?

An Auto Loan Processor is responsible for reviewing and verifying auto loan applications to ensure accuracy and compliance with lending guidelines. They gather necessary documentation, communicate with applicants and lenders, and process loan approvals or denials. Their role involves checking credit reports, calculating loan terms, and ensuring all paperwork is completed correctly. Attention to detail and knowledge of loan regulations are essential for this position.

How much do processors get paid?

Auto loan processors typically earn between $35,000 and $50,000 annually, depending on experience, location, and employer. Some may receive additional benefits such as bonuses or commissions, especially in high-volume environments. Entry-level positions may start lower, while experienced processors can earn higher salaries with specialized skills or certifications.
More about Auto Loan Processor jobs
What cities are hiring for Auto Loan Processor jobs? Cities with the most Auto Loan Processor job openings:
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Auto Loan Processor jobs near you
Infographic showing various Auto Loan Processor job openings in the United States as of July 2026, with employment types broken down into 92% Full Time, 4% Part Time, and 4% Contract. Highlights an 100% In-person job distribution, with an average salary of $44,308 per year, or $21.3 per hour.
Loan Processor

Loan Processor

Veros Credit, LLC

Santa Ana, CA • On-site

$24 - $28/hr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 13 days ago

Job description

About Us
Veros Credit is committed to making vehicle ownership possible for everyone. Through our vast network of independent and franchise dealers, we have helped countless customers with their financing needs, allowing them to drive off in the vehicle they deserve.
We realize that our greatest assets are our employees, which is why we strive to make work welcoming and fun but offer limitless opportunities for growth and advancement. At Veros Credit, you can look forward to company events, free meals quarterly, holiday activities, and more. You will be greeted by friendly, positive, and ambitious team members, and work alongside leaders who encourage and value your new ideas. We are proud to say that it is this sense of community that makes us excited to walk through the door every day.
Some of our benefit offerings include:
  • Medical, Dental, and Vision Insurance
  • Life Insurance
  • Flexible Spending Accounts (FSA)
  • Accident, Hospital, Indemnity Insurance
  • Short Term Disability (STD) and Long-Term Disability (LTD) Insurance
  • Employee Assistance Program (EAP)
  • 401(k) Plan
  • Tuition Reimbursement
  • Paid Holidays
  • Paid Time Off (PTO)
  • Transportation Reimbursement Benefit (Mass Transit, Carpool, and Plug-In Electric Vehicle)
  • Referral Bonus
  • Quarterly lunches
  • Daily fresh fruit
  • Office Starbucks Coffee/Latte/Espresso Machine
  • And a lot more!

About The Position
Position Summary:
The Loan Processor is responsible for managing the documentation and verification process required to complete consumer loan applications. This role serves as the liaison between borrowers, loan officers, underwriters, and other stakeholders to ensure all required information is collected, complete, and accurate for loan approval and funding.
Key Responsibilities:
  • Review incoming loan applications for completeness and compliance with internal and regulatory requirements.
  • Gather and verify documentation including credit reports, income calculations, bank statements, more of less required verifications.
  • Communicate with borrowers, dealerships, and internal partners to request missing documentation or clarify information.
  • Coordinate with internal departments (e.g., Underwriting, Compliance, and/or other departments as applicable) to move loans through the pipeline efficiently.
  • Submit complete loan packages for final approval.
  • Ensure all conditions are met prior to closing and funding.
  • Remain up to date on lending regulations and internal policies.
  • Other duties as assigned.

Qualifications:
Education & Experience:
  • High school diploma or equivalent required; associate's or bachelor's degree in business or finance preferred.
  • 1-2 years of loan processing experience (auto, mortgage, personal, or consumer banking).
  • Experience in the automotive industry is a plus, but we're open to those eager to learn.
  • Bilingual (English/Spanish) is a plus.

Skills & Competencies:
  • Strong attention to detail and organizational skills.
  • Excellent communication skills, both written and verbal.
  • Demonstrated professionalism, tact, and sensitivity in interpersonal interactions.
  • Ability to multitask in a fast-paced, deadline-driven environment.
  • Knowledge of federal and state lending regulations (e.g., RESPA, TILA, HMDA) preferred.
  • Willingness to work a flexible schedule, including overtime as needed.
  • Proficiency in Microsoft Office applications (Word, Excel, Outlook, etc.)
  • Customer service-oriented with a problem-solving mindset.
  • Typing Skills of 45+ WPM

Physical Requirements:
  • Prolonged periods of sitting and working on a computer, with 2-3 monitors.

Work Environment:
  • Office setting or remote, depending on company policy.
  • Standard business hours with occasional extended hours as needed to meet deadlines.
  • Able to manage on average 40+ inbound with high expectation for outbound calls.

Salary:
$24.00 - 28.00 per hour + Bonus
#VHP
Veros Credit, LLC is an equal opportunity employer.
**This Organization Participates in E-Verify

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