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Commission Loan Processor Jobs in Raleigh, NC (NOW HIRING)

... commission structure that pays you for every transaction you process! Our retail sales associates ... loans, and other transactions. A Pawnbroker / Retail Sales Associate thrives on engaging with ...

... commission structure that pays you for every transaction you process! Our retail sales associates ... loans, and other transactions. A Pawnbroker / Retail Sales Associate thrives on engaging with ...

... commission structure that pays you for every transaction you process! Our retail sales associates ... loans, and other transactions. A Pawnbroker / Retail Sales Associate thrives on engaging with ...

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... commission structure that pays you for every transaction you process! Our retail sales associates ... loans, and other transactions. A Pawnbroker / Retail Sales Associate thrives on engaging with ...

... commission structure that pays you for every transaction you process! Our retail sales associates ... loans, and other transactions. A Pawnbroker / Retail Sales Associate thrives on engaging with ...

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Commission Loan Processor information

See Raleigh, NC salary details

$13

$20

$29

How much do commission loan processor jobs pay per hour?

As of Jul 21, 2026, the average hourly pay for commission loan processor in Raleigh, NC is $20.71, according to ZipRecruiter salary data. Most workers in this role earn between $17.50 and $23.37 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.
What are the most commonly searched types of Loan Processor jobs in Raleigh, NC? The most popular types of Loan Processor jobs in Raleigh, NC are:
What job categories do people searching Commission Loan Processor jobs in Raleigh, NC look for? The top searched job categories for Commission Loan Processor jobs in Raleigh, NC are:
What cities near Raleigh, NC are hiring for Commission Loan Processor jobs? Cities near Raleigh, NC with the most Commission Loan Processor job openings:
Retail Assistant Store Manager - 4411

Retail Assistant Store Manager - 4411

First Cash, Inc.

Durham, NC • On-site

$19 - $23/hr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 7 days ago

New


FirstCash rating

5.8

Company rating: 5.8 out of 10

Based on 43 frontline employees who took The Breakroom Quiz

6th of 7 rated pawnbroker


Job description

Description

We are currently looking for the right

 Retail Assistant Store Manager 

 to join our Team!

 

$19.00 to $23.00 per hour

 

We offer an easily achievable commission structure that pays you for every transaction you process! 

 

Our retail sales associates can earn UP TO 8% on transactions, which could average an additional $7.92 per hour ON TOP OF YOUR HOURLY RATE.

Perks and Benefits

•                   Comprehensive Medical, Dental, Vision, Life, Supplemental, and other voluntary options (eligibility required).

•                   The best working hours in the business. Most stores open at 9AM and close at 6PM; many stores are closed on Sundays.

•                   Our Earned Wage Access* program is available to all employees on the second (2nd) day of employment. Employees have access to withdraw (up to) 50% of the wages earned up to seven (7x) times in a payroll cycle.

•                   The ability to earn unlimited commission above your hourly base rate.

•                   VACATION: Employees are granted one week of paid vacation after completing six months of active, full-time service. Eligible employees are provided an additional week (40 hours) of vacation after completing one (1) year of active employment and two (2) weeks (80 hours) of vacation on each anniversary date thereafter (*if applicable, the PTO/Vacation grant is adjusted in accordance with state/local municipality requirements).  120 hours after five (5) years.

•                   SICK/PERSONAL: Eligible employees are granted 8 hours (after 6 months of employment) to be used before their first (1st) anniversary and granted 16 hours each anniversary thereafter (years 2-5) (if applicable, sick time is adjusted and granted in accordance with state/local municipality requirements).  24 hours after five (5) years.

•                   Employee discounts are available to all employees on the first day of active employment.

•                   Tuition Reimbursement with FirstCash Education (allowing UP TO $2,000 per year) is available to full-time employees who meet the minimum program requirements.

•                   Access to over 10,000 discounts from 1,000+ companies with FirstCash Perks!

•                   Auto-enrollment in the FirstCash 401k program after six (6) months of employment

•                   Access to the FirstCash Pet Insurance program

Position Summary:

We are seeking an Assistant Store Manager with a minimum of six (6+) months of management/3rd key experience. Assistant Store Managers are accountable for the day-to-day operations of the store and promoting a positive/productive environment. This position will partner with the Store Manager to lead and develop store employees, recruit, and retain top talent, maximize financial goals, and manage Customer Relations / Customer Satisfaction. This position sets the tone for a customer-centric environment!

Alongside the Store Manager, this position analyzes store financial statements to ensure financial goals are met. You will be required to commit to the company's asset protection program, promote our business, and target new customer acquisitions. All employees work with a wide variety of jewelry and general merchandise, including tools, electronics, firearms (*in FFL locations) and much more.

This position offers an hourly wage, PLUS Assistant Store Managers earn commission based on productivity and a bonus based on store performance! The actual pay of successful Assistant Store Managers will be based on various factors, such as work location, qualifications, and experience.

Responsibilities of an Assistant Store Manager are:

(This is a representative list of the general duties the Assistant Store Manager position may be asked to perform and is not all-inclusive; other duties may be assigned as needed.)

·                 Facilitate a customer-centric environment by engaging customers in a friendly and professional manner and rapidly addressing customer issues. 

•                     Monitor and assist in the training of Pawnbrokers so their development meets the prescribed FirstCash standards.

•                     Recruit top talent by sourcing candidates through company-prescribed channels.

•                     Opens and closes the store, including, but not limited to, counting cash drawers and merchandise, and ensuring all procedures are followed to ensure the protection of assets.

•                     Ensures asset protection through inventory control, property safety procedures, documentation, and securing customer loans.

•                     Administer processes and procedures within the store, which include inventory, loan management, merchandising, store presentation, store systems, and enterprise-level reporting.

•                     Evaluate the store's financial statements and drive profitability through communication and goal setting.

•                     Ensure that operating standards meet or exceed FirstCash standards.

•                     Monitor loan qualification and buying processes to ensure the value and integrity of all loans issued. 

•                     Complete the assigned tasks and training for self-development as requested.

•                     Communicate clearly with employees to ensure that they understand the store’s mission and profit objectives.

•                     Remain up-to-date on product knowledge.

•                     The Assistant Store Manager acts as manager on duty in the absence of the Store Manager.

•                     Other related duties as assigned. 

Minimum Requirements & Qualifications

•                     Must be willing and able to perform duties and tasks for extended periods of time (in accordance with federal, state, and local law), some of which include, but are not limited to, standing, stooping, walking, climbing, pushing, pulling, and lifting.

•                     Must be willing and able to lift/carry up to 50 pounds.

•                     Demonstrated ability to effectively supervise others.

•                     Ability to work with firearms and to become firearms certified.

•                     Employees may be asked to assist a customer on the exterior of the building (within our parking lots) or to retrieve products stored in exterior storage buildings or other areas.

•                     Minimum Age: 18 years old

•                     High School Diploma, GED, or equivalent experience

•                     Should be able to work in multiple locations, as business needs dictate.

•                     Must have the ability to work a flexible retail schedule based on business needs, including weekends and holidays.

•                     Assistant Store Managers will work 40+ hours a week. Hours worked are based on the needs of the business and are not guaranteed.

•                     Computer literate and able to operate Point-of-Sale (POS) systems and common office machines.

•                     Ability to multi-task in a fast-paced environment

•                     Detail-oriented with strong organizational skills.

•                     Analytical skills

•                     Cash handling experience is required.

•                     Ability to work independently with minimal supervision

•                     Excellent work ethic and strong business sense.

Bilingual applicants are encouraged to apply!

Commission Plan Information

The employee commission incentive plan is proprietary to FirstCash. Assistant Store Managers have the potential to earn 2-8% commission, based on the gross profit of their personal performance. Applicants are provided more details regarding the commission incentive plan during the interview process.

Note:  The information contained in this description is not intended to be an all-inclusive list of the duties and responsibilities of this job or the skills and abilities required to do the job. Management has the discretion to assign/reassign duties and responsibilities to this job at any time. Duties and responsibilities may be subject to change at any time due to reasonable accommodation or other reasons. 

Should you be offered and accept a position with us, the company requires all employees to agree to a binding arbitration agreement to resolve disputes.

Payrates will not be below any applicable local minimum wage requirements.

* Earned Wage Access is a service provided by NetSpend; signup to this program by the employee is required; restrictions and fees apply.

** FirstCash 401K program is available to all employees 21 years of age (or older).

***Maximum base payrate is derived from the applicant’s previous experience and skill sets applicable to the specific position needing to be filled.

Submission of your application confirms your “opt-in” desire to receive additional phone, text and email communications from the FirstCash Talent Acquisition Team. These communications include information about the specific job being applied for and other potential opportunities available within the FirstCash job opportunity network. Message and data rates may apply. You can unsubscribe to text messages by replying STOP within the message at any time. You can unsubscribe from email communications by clicking unsubscribe, within the email, at any time. Visit https://firstcash.com/privacy-policy for additional questions or information.

FirstCash Holdings, Inc. is an Equal Opportunity Employer
It is the policy of FirstCash to provide equal employment opportunity (EEO) to all persons regardless of age, color, national origin, citizenship status, physical or mental disability, race, religion, creed, gender, sex, sexual orientation, gender identity and/or expression, genetic information, marital status, status with regard to public assistance, veteran status, or any other characteristic protected by federal, state or local law. In addition, FirstCash will provide reasonable accommodations for qualified individuals with disabilities.


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