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Commission Loan Processor Jobs (NOW HIRING)

First Mid

Mortgage Loan Processor II

Mattoon, IL

$17.74 - $26.63/hr

  • Medical

  • Dental

  • Vision

  • Retirement

  • PTO

Mortgage Loan Processor II: Position Summary: At First Mid, base salary is one component of our ... commission). Benefits for this role include comprehensive healthcare, well-being benefits, paid ...

First Mid

Mortgage Loan Processor II

Machesney Park, IL

$17.74 - $26.63/hr

  • Medical

  • Dental

  • Vision

  • Retirement

  • PTO

Mortgage Loan Processor II: Position Summary: At First Mid, base salary is one component of our ... commission). Benefits for this role include comprehensive healthcare, well-being benefits, paid ...

Enova International

Senior Loan Processor (Hybrid)

Denver, CO · On-site +1

$22/hr

  • Medical

  • Dental

  • Vision

  • Retirement

  • PTO

As a Senior Loan Processor, you will play a pivotal role in guiding loan applications through the ... Additional compensation for this role may include commission. All full-time employees are eligible ...

Enova

Senior Loan Processor (Hybrid)

South Jordan, UT · On-site

$22/hr

  • Medical

  • Dental

  • Vision

  • Retirement

  • PTO

As a Senior Loan Processor, you will play a pivotal role in guiding loan applications through the ... Additional compensation for this role may include commission. All full-time employees are eligible ...

Enova

Senior Loan Processor (Hybrid)

Denver, CO · On-site

$22/hr

  • Medical

  • Dental

  • Vision

  • Retirement

  • PTO

As a Senior Loan Processor, you will play a pivotal role in guiding loan applications through the ... Additional compensation for this role may include commission. All full-time employees are eligible ...

City National Bank

Mortgage Loan Processor III

Los Angeles, CA · On-site

$25.93 - $41.43/hr

  • Medical

  • Dental

  • Vision

  • Retirement

  • PTO

The Mortgage Loan Processor III is responsible for processing home equity line of credit ... This job is eligible for bonus and/or commissions. Benefits and Perks At City National, we strive ...

City National Bank

Mortgage Loan Processor III

Los Angeles, CA · On-site

$25.93 - $41.43/hr

  • Medical

  • Dental

  • Vision

  • Retirement

  • PTO

The Mortgage Loan Processor III is responsible for processing home equity line of credit ... This job is eligible for bonus and/or commissions. Benefits and Perks At City National, we strive ...

AmeriSave Mortgage Corp.

Mortgage Loan Processor - REMOTE

$60K - $120K/yr

  • Medical

  • Dental

  • Vision

  • Life

  • Retirement

AmeriSave is currently hiring Loan Processors to join our winning team. We offer advanced ... Compensation The hourly rate for this position is $17 per hour plus commission based on individual ...

AmeriSave Mortgage Corp.

$60K - $120K/yr

  • Medical

  • Dental

  • Vision

  • Life

  • Retirement

AmeriSave is currently hiring Loan Processors to join our winning team. We offer advanced ... Compensation The hourly rate for this position is $17 per hour plus commission based on individual ...

Portal Real Estate

Title Processor

Miami, FL

$55K/yr

Enter and submit title and loan documents into software programs to track applicant's progress ... Florida Notary commission, title agent licensing, commercial closing experience, or fluency in ...

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All JobsLoan Processor 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 Aug 15, 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.

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.
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What states have the most Commission Loan Processor jobs?

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Commission Loan Processor jobs near you
Infographic showing various Commission Loan Processor job openings in the United States as of August 2026, with employment types broken down into 1% As Needed, 80% Full Time, 12% Part Time, and 7% Contract. Highlights an 89% Physical, 1% Hybrid, and 10% Remote job distribution, with an average salary of $44,308 per year, or $21.3 per hour.

Mortgage Loan Processor II

First Mid Bank and Trust

Machesney Park, IL • On-site

$17.74 - $26.63/hr

Full-time

Medical, Dental, Vision, Retirement, PTO

Posted 17 days ago

Job description

Mortgage Loan Processor II:
Position Summary:
At First Mid, base salary is one component of our Total Rewards program. Exact compensation is determined by factors such as (but not limited to) education, skills, internal equity, and experience. This position offers additional compensation in the form of discretionary short-term incentives (i.e. bonus, incentives, and/or commission). Benefits for this role include comprehensive healthcare, well-being benefits, paid family leave as well as generous paid time off. Total Rewards also include banking perks, tuition reimbursement, an Employee Stock Purchase Plan, and a 401K plan with company match. Incentives and benefits are subject to eligibility requirements.
Responsibilities include coordinating all processing functions of mortgage loans ensuring accuracy in documentation in accordance with regulatory requirements. This position will interact frequently with customers, both internal and external. Previous Encompass experience is desired but not required. Ownership and Accountability of the process are essential. Execute job responsibilities consistently with our Core Values - IMPACT
Responsibilities include, but are not limited to:
  • Client Services: Responds to all requests- telephone/email/fax- concerning loan processing information required for Mortgage Loans
  • Operations: Process HELOC/Mortgage Loan applications consistent with Department Policy and Procedure as well as all regulatory requirements. Steps to include but not limited to:
    • Review all Data Entry- update as required with verification of the data entered in the LOS
    • Understand and able to be proficient in using multiple technology applications- including but not limited to- credit, employment & asset verifications, PMI, fraud detection, compliance check and guideline resources.
    • Efficiently communicate with all parties including mortgage and/or bank personnel as it relates to documents; timelines; closings and important dates as loans move throughout the workflow process
    • Review and analyze all incoming loan documents for accuracy, consistency and readability
    • Understanding of Product/Portfolio guidelines for accurate verification of loan documents
    • Open and engaging dialogue and the workflow process
    • As needed, be able to order Loan Documentation thru 3rd party sources
    • Assist with projects, training and daily tasks
  • Miscellaneous
    • Attends training and educational classes as scheduled
    • Attends company meetings as scheduled, on-site or off-site, during or after normal work hours
    • Performs other duties as assigned

Qualifications
Education/Experience:
  • Position requires High School Diploma and/or GED
  • Minimum of 1+ year(s) of banking experience in lending operations or related experience.

Skills:
  • Good interpersonal communication, filing and organizational skills required. Must be computer literate and detail oriented. High degree of confidentiality required and ability to work with deadlines

Total Rewards:
  • Competitive health, dental & vision coverage with HSA match
  • 401(k) with employer match + Employee Stock Purchase Plan
  • Generous PTO, paid holidays & parental leave
  • Tuition reimbursement & performance-based bonuses •
  • Visit our Total Rewards page to see our full list of benefits

First Mid Bancshares, Inc. is an Equal Opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability, gender identity, sexual orientation, protected veteran status, or any other applicable federal or state-protected classification.
THIS JOB DESCRIPTION DOES NOT CONSTITUTE A CONTRACT FOR EMPLOYMENT
Pay Range: $17.74 - $26.63 per hour

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