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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 ... Performs sales and loan transactions in accordance with established policies, procedures, practices ...

... 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 20, 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 Sales Associate - 4413

National Pawn - NC

Raleigh, NC • On-site

$15 - $19/hr

Other

Medical, Dental, Vision, Life, Retirement, PTO

Posted 15 days ago


Job description

We are currently looking for the right

Full-Time Retail Sales Associate

to join our Team!

$15.00 to $19.00 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 $1.00 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 entry-level, full-time sales associates in our pawn store locations nationwide. The Pawnbroker / Retail Sales Associate partners with the entire staff of the store to ensure customer service on both the lending and retail sides of the business. A Pawnbroker/Retail Sales Associate greets, engages, and interacts with customers in a positive and professional manner to process sales, loans, and other transactions. A Pawnbroker / Retail Sales Associate thrives on engaging with customers and assists with customer inquiries and problem resolution. The associates will work with a wide variety of jewelry and general merchandise, including tools, electronics, firearms (in FFL locations) and much more.

The Full-Time Pawnbroker / Retail Sales Associate position offers an hourly wage, PLUS employees earn commission based on productivity! The successful Pawnbroker's / Retail Sales Associate's actual pay will be based on various factors, such as: work location, qualifications, and experience.

Responsibilities of a Full-Time Pawnbroker / Retail Sales Associate are:

(This is a representative list of the general duties the Full-Time Pawnbroker / Retail Sales Associate position may be asked to perform and is not all-inclusive; other duties may be assigned as needed.)

Greets and interacts with all customers to develop a rapport to better provide and recommend appropriate financial solutions.

Performs non-management open/close procedures.

Keeps the sales floor clean, stocked, and maintains the display of merchandise.

Performs sales and loan transactions in accordance with established policies, procedures, practices, and regulatory requirements.

Handles all cash and negotiable items in accordance with established policies, procedures, practices, and regulatory requirements.

Answers incoming calls per company standards

Effectively communicates to customers the legal aspects of the pawn and buy transactions.

Communicates effectively with coworkers and managers, displaying respect and using effective communication tools.

Partners with all employees to create a positive and memorable customer experience.

Successfully completes the assigned training.

Other related duties, as assigned.

Minimum Requirements & Qualifications

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

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

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 and/or property boundaries) or to retrieve products stored in exterior storage buildings or other areas.

Minimum Age: 18 years old

High School Diploma, GED, or equivalent experience

Strong desire to work, serve customers, work with people, and be team-oriented.

Ability to multi-task in a fast-paced environment

Ability to perform basic math calculations proficiently.

Cash handling experience is preferred.

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.

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

Bilingual applicants are encouraged to apply!

Commission Plan Information

The employee commission incentive plan is proprietary to FirstCash. Pawnbrokers have the potential to earn 2-8% commission, based on the gross profit of their personal performance. Applicants are provided with 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