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Commission Loan Processor Jobs (NOW HIRING)

Boutique Recruiting

Loan Processor

Irvine, CA

$20.25 - $26.75/hr

This company offers great benefits, work/life balance and a strong base plus commission! Apply now ... Loan Processor role * BSc degree in finance, economics, or a related field * Comprehension of ...

Triad Financial Services Inc

Loan Processor

Anaheim, CA · On-site

$25.01/hr

Compensation: $25.01+/hour and includes monthly commission/bonus structure As a Loan Processor, you will play a vital role in our wholesale lending operations, responsible for efficiently processing ...

Commercial Credit Group

Loan Processor

West Hartford, CT · On-site

$19 - $25.50/hr

KEF has a Processor position available in the West Hartford office. This position has visibility ... We offer a competitive base salary, commission, and bonus, as well as medical, dental and vision ...

Commercial Credit Group

Loan Processor

Hartford, CT · On-site

$19 - $25.50/hr

KEF has a Processor position available in the West Hartford office. This position has visibility ... We offer a competitive base salary, commission, and bonus, as well as medical, dental and vision ...

Semper Home Loans

Mortgage Loan Processor

Providence, RI · On-site

$50K - $80K/yr

Process and prepare mortgage loan files from initial application to final approval. * Ensure ... Competitive Base Salary + Commission Plan. About Us: At Semper Home Loans, we are more than lenders ...

7 17 Credit Union

CENTRAL LOAN PROCESSOR

Streetsboro, OH · On-site

$17.50 - $23.25/hr

About the Role 7 17 Credit Union is seeking a detail-oriented Central Loan Processor to support our ... Must obtain State Notary Commission within 90 days of hire . Knowledge, Skills & Abilities * Strong ...

7 17 Credit Union

CENTRAL LOAN PROCESSOR

Warren, OH · On-site

$16 - $21.50/hr

About the Role 7 17 Credit Union is seeking a detail-oriented Central Loan Processor to support our ... Must obtain State Notary Commission within 90 days of hire . Knowledge, Skills & Abilities * Strong ...

7 17 Credit Union

CENTRAL LOAN PROCESSOR

Streetsboro, OH · On-site

$17.50 - $23.25/hr

About the Role 7 17 Credit Union is seeking a detail-oriented Central Loan Processor to support our ... Must obtain State Notary Commission within 90 days of hire . Knowledge, Skills & Abilities * Strong ...

7 17 Credit Union

CENTRAL LOAN PROCESSOR

Warren, OH · On-site

$16 - $21.50/hr

About the Role 7 17 Credit Union is seeking a detail-oriented Central Loan Processor to support our ... Must obtain State Notary Commission within 90 days of hire . Knowledge, Skills & Abilities * Strong ...

RE/MAX

Loan Processor II

$45K - $52K/yr

The mortgage Loan Processor (LP) partners with Mortgage Brokers and Loan Originators (LOs) to ... Salary Range: $45,000 - $52,000 + commission structure Actual compensation offered to candidate ...

First Financial Bank

Mortgage Loan Processor

El Dorado, AR · On-site

$35K - $48K/yr

Ability to calculate figures and amounts such as discounts, interest, commissions, proportions ... Process the loan file in accordance with FFB/Investor/Agency guidelines & coordinate the collection ...

City National Bank

Loan Processor III

Los Angeles, CA · On-site

$22.27 - $33.43/hr

LOAN PROCESSOR III WHAT IS THE OPPORTUNITY? This position is responsible for reviewing, boarding ... This job is eligible for bonus and/or commissions. Benefits and Perks At City National, we strive ...

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Commission Loan Processor information

See salary details

$13

$21

$30

How much do commission loan processor jobs pay per hour?

As of Jul 26, 2026, the average hourly pay for commission 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 is the difference between Commission Loan Processor vs Underwriter?

AspectCommission Loan ProcessorUnderwriter
CredentialsLoan processing certifications, knowledge of loan documentsFinance or banking certifications, underwriting licenses
Work EnvironmentLoan offices, financial institutionsLoan departments, financial institutions
Industry UsageMortgage and loan companiesMortgage lenders, banks
Primary RoleGathering and verifying loan documents, preparing filesAssessing risk, approving or denying loans

The main difference is that a Commission Loan Processor focuses on preparing and verifying loan documents to facilitate loan approval, while an Underwriter evaluates the risk and makes the final decision on loan approval. Both roles are essential in the loan process but serve different functions within the lending industry.

What are some common challenges Commission Loan Processors face when managing multiple loan files simultaneously?

Commission Loan Processors often juggle several loan applications at once, which can make time management and prioritization crucial. Keeping track of documentation, deadlines, and client communications for each file can be challenging, especially during busy periods. Staying organized and using loan processing software effectively helps ensure that no detail is overlooked and that all files are moving forward on schedule. Collaborating closely with loan officers, underwriters, and clients is key to maintaining efficiency and delivering excellent service.

What is a Commission Loan Processor?

A Commission Loan Processor is a professional who manages and processes loan applications, typically within the mortgage or lending industry, and is compensated based on commissions rather than a fixed salary. Their responsibilities include collecting and verifying financial documents, ensuring applications meet lender requirements, and coordinating communication between applicants, underwriters, and lenders. Success in this role often depends on efficiency, accuracy, and the volume of loans processed, as their earnings are directly tied to the number and quality of loans they successfully process.

How much commission do loan officers make on a $500,000 loan?

Commission for loan officers on a $500,000 loan typically ranges from 0.5% to 1% of the loan amount, resulting in $2,500 to $5,000 in commission. The exact amount depends on the lender, the loan type, and the officer's commission structure, which often includes base salary plus commission. Loan officers need strong sales skills and knowledge of lending products to maximize earnings.

Do loan processors get paid commission?

Loan processors typically do not receive commission as part of their compensation; they are usually paid an hourly wage or salary. Their role involves reviewing and processing loan applications, and compensation structures are generally fixed rather than performance-based. Some companies may offer bonuses or incentives, but commission is uncommon for this position.

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

To excel as a Commission Loan Processor, you need a solid understanding of loan origination, financial documentation, and regulatory compliance, often supported by experience in mortgage or banking environments. Familiarity with loan processing software such as Encompass, Calyx Point, or Ellie Mae, and sometimes relevant certifications, is typically required. Exceptional organizational skills, attention to detail, and effective communication are crucial for managing multiple applications and collaborating with clients and lenders. These skills and qualities ensure timely, accurate loan processing and a positive client experience, directly impacting commission-based earnings.

Is it hard to become a loan processor?

Becoming a commission loan processor typically requires strong organizational skills, attention to detail, and familiarity with loan processing software. While some positions may require prior experience or a relevant certification, many employers offer on-the-job training, making it accessible for those with basic administrative skills.

Will MLO be replaced by AI?

A Commission Loan Processor (MLO) is responsible for managing mortgage loan documentation and processing. While AI tools can automate some repetitive tasks, the role requires judgment, communication, and compliance knowledge that are not easily replaced by AI. Therefore, AI is likely to assist rather than fully replace MLOs in the near future.
More about Commission Loan Processor jobs
What cities are hiring for Commission Loan Processor jobs? Cities with the most Commission Loan Processor job openings:
What are the most commonly searched types of Loan Processor jobs? The most popular types of Loan Processor jobs are:
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What job categories do people searching Commission Loan Processor jobs look for? The top searched job categories for Commission Loan Processor jobs are:
Commission Loan Processor jobs near you
Infographic showing various Commission Loan Processor job openings in the United States as of July 2026, with employment types broken down into 1% As Needed, 80% Full Time, 10% Part Time, and 9% Contract. Highlights an 88% Physical, 1% Hybrid, and 11% Remote job distribution, with an average salary of $44,308 per year, or $21.3 per hour.
Loan Processor

Loan Processor

Boutique Recruiting

Irvine, CA

$20.25 - $26.75/hr

Full-time

Posted 10 days ago

Job description

We are seeking an experience Loan Processor to join a thriving financial service company located in Irvine. This person will be responsible for examining applications, assessing applicant background and denying or processing the loans. The ideal candidate will have 3+ years of experience, a bachelors degree in a related field, and strong communication skills. MUST have conventional loan experience for consideration!

This company offers great benefits, work/life balance and a strong base plus commission! Apply now!

Responsibilities

  • Perform initial appraisal of potential borrowers by thoroughly examining their applications
  • Assess the credit standings of applicants through background research
  • Interview applicants to evaluate their eligibility for loan or mortgage
  • Conclude on all applicable financial and non-financial criteria and develop loan repayment plans
  • Follow up with clients to clarify important points
  • Give the “green light” to eligible candidates and report decisions with sound arguments
  • Finalize loan contracts and keep clients informed in rules and obligations
  • Remain up to speed regarding lending and other financial services
  • Create and renew records
  • Identify customer needs, explore all options and suggest different types of loans
  • Cultivate trustworthy referral networks, suggest alternate channels and cross-sell products and services
  • Forge trust relationships and enhance customer dedication
  • Work within established regulations and adhere to law requirements at all times


Requirements

  • 3+ years of proven working experience in a Loan Processor role
  • BSc degree in finance, economics, or a related field
  • Comprehension of direct/indirect lending procedures
  • In-depth understanding of relevant rules and regulations
  • Excellent communication and sales skills
  • Balance between customer satisfaction orientation and a results driven approach
  • MUST have conventional loan experience
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About Boutique Recruiting

Sourced by ZipRecruiter

We are a team with shared goals; mindfully placing candidates in the workforce to successfully fulfill their career ambitions while encouraging a sense of purpose and value. We have created a new kind of placement firm — one that values connection, personalization, commitment, impact, boldness and achievement. At Boutique Recruiting, our clients, candidates and employees are at the heart of our success.

Industry

Recruiting and staffing services

Company size

51 - 200 Employees

Headquarters location

San Diego, CA, US

Year founded

2014

Social media

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