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Commission Loan Processor Jobs (NOW HIRING)

Lending Team Inc

Junior Loan Processor

Richboro, PA · On-site

$40K - $50K/yr

Organize and maintain documents * Biweekly payroll and tracking employee commission maintaining ... Review loan applications for completeness * Income calculation * Provide loan officer with ...

Lending Team Inc

Junior Loan Processor

Richboro, PA · On-site

$40K - $50K/yr

Organize and maintain documents * Biweekly payroll and tracking employee commission maintaining ... Review loan applications for completeness * Income calculation * Provide loan officer with ...

Leverage Companies

Mortgage Loan Processor

Newark, NJ · Remote

$800/day

The Mortgage Loan Processor is responsible for independently managing a pipeline of mortgage loan ... An aggressive, production-based commission structure with an uncapped upside. * The Platform:

Leverage Companies

Mortgage Loan Processor

Newark, NJ · On-site

$60K/yr

The Mortgage Loan Processor is responsible for independently managing a pipeline of mortgage loan ... An aggressive, production-based commission structure with an uncapped upside. * The Platform:

Enova

Senior Loan Processor (Hybrid)

Denver, CO · Hybrid

$22/hr

Senior Loan Processor (Hybrid) Denver, CO We are interested in every qualified candidate who is ... Additional compensation for this role may include commission. All full-time employees are eligible ...

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All JobsCommission Loan Processor Jobs

Commission Loan Processor information

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$13

$21

$30

How much do commission loan processor jobs pay per hour?

As of Jun 13, 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.

Does a realtor or MLO make more money?

A mortgage loan originator (MLO) typically earns commissions based on the loans they close, often resulting in higher variability and potential earnings compared to real estate agents, who earn commissions from property sales. MLOs may have higher earning potential in high-volume markets, but income depends on experience, location, and sales volume for both roles.

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 may include base salary plus bonuses. Loan officers often use loan origination software and need relevant licensing to process such loans.

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 verifying loan documents, 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.

Will MLO be replaced by AI?

A mortgage loan originator (MLO) role involves client interaction, assessing financial information, and guiding borrowers through the loan process, which currently requires human judgment and communication skills that AI cannot fully replicate. While AI tools can assist with data analysis and document processing, they are unlikely to replace MLOs entirely in the near future, as relationship-building and personalized service remain essential in the industry.
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 June 2026, with employment types broken down into 79% Full Time, 12% Part Time, and 9% Contract. Highlights an 95% Physical, 2% Hybrid, and 3% Remote job distribution, with an average salary of $44,308 per year, or $21.3 per hour.

Senior Mortgage Loan Processor

Arundel Bank

Annapolis, MD

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 9 days ago

Job description

FLSA: Non-Exempt
Department: Residential Lending
Reports to: AVP, Manager Residential Lending
Arundel Bank headquartered in Anne Arundel County seeks a Senior Mortgage Loan Processor. You will be charged with processing a variety of conventional, FHA and VA mortgage loans (1st, fixed 2nd trusts, HELOCS, construction perm, etc.). Processing includes but is not limited to a thorough review and/or verification of all originated loans for compliance as well as qualifying factors such as income, credit, and assets. The Senior Mortgage Loan Processor will work with team members and title companies/attorneys to ensure accurate and timely loan processing.

Is this the job for you? Do you possess a strong service orientation, attention to detail, and excellent communication and interpersonal skills? Do you have 5 or more years of experience in residential lending with 3 or more years in processing conventional FHA and VA loans? If so, this may be the job for you.
As the Senior Mortgage Loan Processor, you will be responsible for:
  • Processes mortgage applications that are originated by the Residential Lending Department and/or approved Brokers. Processing activities include, but are not limited to, verification of income, employment, assets, down payments, debts, and property values. Orders title searches, property appraisals, appraisal reviews and AVMs.
  • Loan files are processed in accordance with Arundel Federal and/or FNMA, FHMLC, FHA and VA underwriting policies as well as Automated Underwriting System (AUS) feedback certificates as applicable.
  • Accurately calculates all types of income including but not limited to self-employed, fluctuating hourly, commission, rental, etc.
  • Confer with Loan Originators and Loan Underwriters to assist with scenarios/policies and aid in resolving complex mortgage applications.
  • Maintain loan documentation in customers electronic file, ensuring all policies and procedures of the Bank are followed. Update loan records as required. Audits files to ensure that all required documents are present and in compliance.
  • Utilize tact and experienced based knowledge to resolve customer (internal and external) problems by explaining specific policies and products while representing the Bank in a professional manner and maintaining positive customer relations.
  • Provides general department support when loan pipeline and/or staff schedule warrants including, but not limited to, review title work, Loan Estimate (LE), and other documents for accuracy and compliance. Review and reconcile Closing Disclosure (CD) with Loan Estimate (LE) prior to closing to identify and/or correct tolerance violations.
  • Responsible for applying requirements relating to Bank Secrecy Act (BSA), Office of Foreign Assets Control (OFAC), and Customer Identification Program (CIP) including Beneficial Ownership (BO).
  • Responsible for applying all regulatory requirements during the performance of the job duties as assigned.
  • Complete all annual required BSA and other bank compliance training as assigned in a timely manner.
  • Perform other loan processing and administrative duties as assigned by the AVP, Manager Residential Lending and/or VP, Residential Lending.
Are you the one we need? If so, these are your qualifications:
  • High school degree or equivalent (GED).
  • Minimum five years experience in the field of mortgage banking with 3 or more years in processing conventional loans, FHA and VA loans.
  • Experience in loan closing a plus.
  • Strong knowledge of secondary market guidelines, including FNMA and FHLMC, FHA, VA, general Investor overlays and conventional mortgage insurance required.
  • Knowledge of real estate lending criteria, compliance, and federal/state regulations.
  • Demonstrated proficiency with standard mortgage Loan Origination Systems (Encompass preferred) as well as DU and LPA Automated Underwriting Systems.
  • Demonstrated understanding of entire mortgage loan process from origination through post-closing.
  • Excellent organizational, analytical, and problem-solving skills.
  • Excellent verbal, written, telephone and interpersonal communication skills.
  • Must possess strong service orientation.
  • PC proficient, including Microsoft Office (Word, Excel, Outlook) and the Internet.
Why join Arundel Bank? We are a community retail bank focusing on deposits and lending serving Anne Arundel county since 1906. Your Vision. Our Strength." is the phrase that describes what we do and have consistently done for over 100 years: use our strong capital position and financial strength to help our customers achieve their financial dreams and personal visions.
We offer a comprehensive benefits package including paid time off, medical, dental, vision, life, and disability insurance, HRA, FSA, paid holidays, and 401(k) profit sharing plan. Learn more about Arundel Federal at: https://www.arundelbank.com/.

Arundel Bank is an Equal Opportunity/Affirmative Action Employer and will not discriminate in its employment practices due to an applicant's race, color, religion, national origin, sex gender identity/expression, age, ancestry, sexual orientation, disability, genetics, veteran status, marital status, pregnancy-related conditions, or political beliefs. We also maintain a drug-free workplace.
Job Type: Full-time
Pay: From $23.75 to $33.25 per hour

Flexible work from home options available.