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Commission Loan Processor Jobs in Portland, OR (NOW HIRING)

Mechanics Bank

Lending Advisor Associate

Vancouver, WA · On-site

$24.80 - $42.15/hr

... interacting with processing, underwriting and closing teams. Manages the loan pipeline and ... Ability to calculate figures and amounts such as discounts, interest, commissions, proportions ...

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All JobsLoan Processor JobsCommission Loan Processor JobsCommission Loan Processor Jobs in Portland, OR

Commission Loan Processor information

See Portland, OR salary details

$14

$22

$32

How much do commission loan processor jobs pay per hour?

As of Aug 15, 2026, the average hourly pay for commission loan processor in Portland, OR is $22.59, according to ZipRecruiter salary data. Most workers in this role earn between $19.13 and $25.48 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.

What are the key skills and qualifications needed to thrive as a commission loan processor?

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.

Do commission loan processors get paid commission?

Commission loan processors typically do not receive commissions as part of their pay. They are usually salaried employees or paid hourly, with some roles offering bonuses based on performance or loan volume. Compensation structures can vary by employer, but commission-based pay is uncommon for this position.

Is a commission loan processor a difficult job?

A commission loan processor is responsible for reviewing and processing loan applications, which requires attention to detail, strong organizational skills, and knowledge of loan procedures. The job can be challenging due to tight deadlines, regulatory compliance, and the need for accuracy in handling sensitive financial information.

What are the most commonly searched types of Loan Processor jobs in Portland, OR?

The most popular types of Loan Processor jobs in Portland, OR are:

What are popular job titles related to Commission Loan Processor jobs in Portland, OR?

For Commission Loan Processor jobs in Portland, OR, the most frequently searched job titles are:

What job categories do people searching Commission Loan Processor jobs in Portland, OR look for?

The top searched job categories for Commission Loan Processor jobs in Portland, OR are:

Commission Loan Processor jobs near you

Mortgage Loan Officer / Home Loan Officer

Columbia Credit Union

Vancouver, WA

$35K/yr

Full-time

Medical, Dental, Vision, Retirement, PTO

Posted 8 days ago

Job description

Help homebuyers achieve their dreams while growing your mortgage career.

____________________________________

Why Join Columbia Credit Union?

Join Columbia Credit Union, a trusted community-focused financial institution with $2.5B in assets and 120,000+ members. Recognized as a Best of Clark County and Best in Business winner, we're looking for a relationship-driven Mortgage Loan Officer to build referral partnerships, originate residential mortgage loans, and deliver exceptional member experiences.

Pay & Perks
  • Earning potential: $35,880 base and up to $109,620 + annually in commission.
  • 100% employer-paid Medical, Dental & Vision for employees
  • 401(k) with 100% match up to 6% contribution
  • Generous PTO, paid holidays, and extended sick leave
  • Tuition Reimbursement
  • Hybrid work opportunity (after training; Vancouver/Portland area candidates only)
  • Check out more of our benefits here! 
What You'll Do 
  • Originate and close residential mortgage loans across Conventional, FHA, VA, and portfolio products
  • Develop business through referrals from Realtors, builders, financial advisors, branch teams, and community partners
  • Manage a pipeline of mortgage applications from initial consultation through closing
  • Analyze borrower financials and recommend lending solutions
  • Partner with underwriters and internal teams to ensure efficient loan processing
  • Maintain high-quality, compliant loan files and documentation
  • Represent Columbia Credit Union at networking events and community functions
  • Deliver outstanding member service while achieving production goals
  • Check out the full Job Description Here!
Must-Have Qualifications
  • 2+ years of mortgage loan origination or mortgage lending experience
  • High school diploma or equivalent
  • Sales, business development, or relationship-building experience
  • Current NMLS license or ability to obtain upon hire
  • Knowledge of Conventional, FHA, VA, and mortgage lending guidelines
  • Strong communication, customer service, and organizational skills
  • Ability to manage multiple loans and deadlines in a fast-paced environment
  • Valid ability to travel locally to meet clients and referral partners
Preferred
  • Experience with Encompass LOS
  • Credit union or financial institution experience

____________________________________________

Columbia Credit Union follows all required COVID 19 health protocols

Equal Opportunity Employer/AA

Must be 18 or older to apply 

Apply