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Commercial Loan Processor Jobs (NOW HIRING)

W3Global Inc.

Commercial Loan Processor

Metairie, LA

$62K - $72K/yr

Commercial Loan Processor Location: Metairie, LA (Onsite) Job Type: Full-time Start Date: Immediate Job Overview A well-established regional financial institution is seeking an experienced Commercial ...

W3Global Inc.

Commercial Loan Processor

Aledo, TX

$55K - $75K/yr

Full Commercial Loan Processor The Commercial Loan Processor is responsible for preparing loan documentation related to all non-real estate consumer and commercial loans. Responsibilities:

Bank of Sunset & Trust Co

Be Seen First

Commercial Loan Processor

Broussard, LA · On-site

We are seeking a detail-oriented and organized Commercial Loan Processor to join our team in Broussard. In this role, you will be responsible for working with the Commercial Loan Officer in managing ...

Bank of Sunset & Trust Co

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Commercial Loan Processor

Broussard, LA · On-site

We are seeking a detail-oriented and organized Commercial Loan Processor to join our team in Broussard. In this role, you will be responsible for working with the Commercial Loan Officer in managing ...

BancForce

Commercial Loan Processor

San Diego, CA · On-site

$26 - $28/hr

The Commercial Loan Processor is responsible for the specific duties listed below. Your specific duties will include: * Review loan files upon receipt, prepare needs lists, and ensure receipt of all ...

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Commercial LOAN Processor information

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$15

$25

$39

How much do commercial loan processor jobs pay per hour?

As of Jun 16, 2026, the average hourly pay for commercial loan processor in the United States is $25.96, according to ZipRecruiter salary data. Most workers in this role earn between $20.19 and $30.05 per hour, depending on experience, location, and employer.

What is the difference between Commercial Loan Processor vs Mortgage Loan Processor?

AspectCommercial Loan ProcessorMortgage Loan Processor
CredentialsTypically requires banking or finance experience, sometimes certifications like Loan Processing CertificationOften requires mortgage-specific certifications like MLO license or NMLS registration
Work EnvironmentWorks in commercial banking or lending departments, handling business loan filesWorks in mortgage companies or banks, handling residential loan files
Employer & IndustryCommercial banks, credit unions, lending firmsMortgage lenders, banks, credit unions

The main difference is that Commercial Loan Processors handle business and commercial real estate loans, while Mortgage Loan Processors focus on residential mortgage loans. Both roles require strong attention to detail and knowledge of loan documentation, but they serve different types of clients and industries.

What is the meaning of commercial?

In the context of a commercial loan processor, 'commercial' refers to loans used for business purposes, such as funding for companies, real estate, or equipment. These loans are typically larger and more complex than personal loans and require specialized knowledge of business financials and credit analysis.

What are Commercial Loan Processors?

Commercial Loan Processors are professionals who manage and organize the documentation and administrative steps required for commercial loan applications. They review financial statements, verify borrower information, ensure compliance with regulatory standards, and coordinate between loan officers, underwriters, and clients. Their role is critical in ensuring that all paperwork is accurate and complete so that loans can be approved efficiently. In addition, they help identify and resolve any issues that could slow down the loan approval process.

What are some typical challenges faced by Commercial Loan Processors, and how can they be managed?

Commercial Loan Processors often encounter challenges such as managing tight deadlines, handling complex documentation, and coordinating among multiple stakeholders like underwriters, loan officers, and clients. Staying organized and maintaining clear communication are crucial for managing these demands. Many processors develop effective checklists and utilize specialized loan processing software to track progress and ensure accuracy. Regular collaboration with team members and proactive follow-up with clients also help to reduce bottlenecks and keep the loan process on schedule.

What are the key skills and qualifications needed to thrive as a Commercial Loan Processor, and why are they important?

To thrive as a Commercial Loan Processor, you need a strong understanding of financial documentation, risk assessment, and lending regulations, typically supported by experience in banking or finance. Familiarity with loan origination systems (LOS), credit analysis software, and compliance tools is essential for efficient and accurate processing. Exceptional organizational skills, attention to detail, and effective communication set top performers apart in this role. These skills and qualities are crucial for ensuring accurate loan processing, minimizing risk, and delivering timely service to clients and financial institutions.

What is the meaning of commercial type?

In the context of a commercial loan processor, 'commercial type' refers to loans that are used for business purposes, such as financing real estate, equipment, or working capital for companies. These loans typically involve more complex underwriting and documentation compared to personal loans and require knowledge of business financials and credit analysis.

Why does commercial mean?

In the context of a commercial loan processor, 'commercial' refers to loans used for business purposes, such as funding for companies, real estate, or equipment. It distinguishes these loans from personal or consumer loans and often involves more complex documentation and underwriting processes.

What Does a Commercial Loan Processor Do?

Commercial loan processors prepare and organize applications for business loans. As a commercial loan processor, you confirm receipt of the application, enter information into the lender’s database, and mail required disclosures and other documentation to the applicant. Other responsibilities include processing withdrawn or denied loans, running credit reports, ensuring fees are paid, and tracking the completion of title policies and deeds. You need to communicate regularly with the loan officers, closing agents, and underwriters throughout the application process.

Does commercial mean paid?

A commercial loan processor is a professional who handles processing business loan applications, and this role is typically paid as a standard employment position. Compensation depends on the employer, location, and experience, and the job usually requires skills in financial analysis and documentation. The role is not unpaid and generally offers salary or hourly wages.
More about Commercial LOAN Processor jobs
What cities are hiring for Commercial Loan Processor jobs? Cities with the most Commercial Loan Processor job openings:
Who are the top companies hiring for Commercial Loan Processor jobs? The top employers for Commercial Loan Processor jobs are:
What states have the most Commercial Loan Processor jobs? States with the most job openings for Commercial Loan Processor jobs include:
What job categories do people searching Commercial Loan Processor jobs look for? The top searched job categories for Commercial Loan Processor jobs are:
What are popular job titles related to Commercial Loan Processor jobs? For Commercial Loan Processor jobs, the most frequently searched job titles are:
Commercial LOAN Processor jobs near you
Infographic showing various Commercial Loan Processor job openings in the United States as of June 2026, with employment types broken down into 20% Full Time, 75% Part Time, and 5% Temporary. Highlights an 95% Physical, 2% Hybrid, and 3% Remote job distribution, with an average salary of $53,998 per year, or $26 per hour.

Commercial Loan Processor

Everwise Credit Union

South Bend, IN • On-site

Full-time

Posted 11 days ago

Job description

Job Description:

Position Summary:

The Commercial Loan Processor is responsible for processing commercial loans, ensuring compliance with regulatory standards. The incumbent is responsible for management of loan closings and post-closing process and the ongoing loan servicing responsibilities.

Primary Responsibilities and Duties:

  • Order and review due diligence reports according to established guidelines and specific transaction approvals.
  • Review and process commercial loan applications. Ensure all applications are complete, accurate, and meet our lending criteria.
  • Prepare commercial loan document packages and submit to Sr. Commercial Loan Processor for review and approval prior to proceeding with closing.
  • Perfect the credit union's lien on various types of collateral, i.e. filing mortgage, placing lien on titled vehicles, recording UCC financing statements.
  • Review final closing documentation for accuracy, and regulatory and policy compliance.
  • Update commercial reporting systems with post-closing and on-going servicing information.
  • Review and process construction loan draws according to approved procedures.
  • Prepare commercial loan pay-off letters and collateral releases promptly and accurately.
  • Assists the Senior Commercial Loan Processors
  • Assume additional responsibilities as required for the growth and advancement of Everwise.

Knowledge/Skills:

  • Foundation and understanding of commercial lending processes.
  • Experience in commercial lending regulations and legal requirements.
  • Experience managing documentation process for commercial loans.
  • Excellent communication skills and customer service skills.

Minimum Requirements:

  • High School Diploma or GED
  • 1+ years' experience in commercial loan processing, mortgage loan servicing or processing, or title and escrow operations including property title research, documentation and closing coordination
  • Experience working in loan processing software
  • Proficient in Microsoft Office suite.

Everwise is an equal opportunity employer. We are committed to creating an inclusive environment for all employees.

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