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Construction Loan Processor Jobs (NOW HIRING)

P1FCU

Construction Loan Officer

Meridian, ID

Role The Construction Loan Officer is responsible for soliciting and procuring new construction ... Advise customers on product options. Assist loan processors and underwriters by obtaining complete ...

Bank of Utah

Loan Servicing Processor II

Ogden, UT · On-site

$18.25 - $24.50/hr

Books all loan types (SBA, Construction, Commercial, Letters of Credit, Master Notes, Leases, Bonds ... Processes loan payments. This position is responsible to back up the manager in all functions.

Sound, LLC

Loan Processor

Gilbert, AZ · On-site

$45K - $55K/yr

Vision insurance We are seeking an experienced Small Business Hard Money Loan Processor to manage ... Knowledge of construction draws, inspections, budgets, lien waivers, and disbursement tracking is ...

Sound, LLC

Loan Processor

Gilbert, AZ · On-site

$45K - $55K/yr

We are seeking an experienced Small Business Hard Money Loan Processor to manage business-purpose ... Knowledge of construction draws, inspections, budgets, lien waivers, and disbursement tracking is ...

Sound, LLC

Loan Processor

Gilbert, AZ · On-site

$45K - $55K/yr

We are seeking an experienced Small Business Hard Money Loan Processor to manage business-purpose ... Knowledge of construction draws, inspections, budgets, lien waivers, and disbursement tracking is ...

CrossCountry Mortgage

Senior Loan Processor

Phoenix, AZ · On-site

We offer a wide range of financing options, including conventional, FHA, VA, USDA, jumbo, portfolio, and construction loans. Our advanced technology streamlines the home loan process, helping clients ...

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Construction Loan Processor information

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How much do construction loan processor jobs pay per hour?

As of Aug 23, 2026, the average hourly pay for construction 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 a construction loan processor?

Construction loan processors are financial professionals who manage the paperwork and coordination needed for construction loans. They collect and review documentation from borrowers, builders, and other parties to ensure loan requirements are met. Their responsibilities include verifying financial information, monitoring project progress, and facilitating communication between lenders, contractors, and borrowers. By doing so, they help ensure that funds are disbursed appropriately and the construction project proceeds smoothly.

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

To thrive as a Construction Loan Processor, you need a solid understanding of loan processing, real estate documentation, and lending regulations, often supported by experience in mortgage or construction lending. Familiarity with loan origination systems (LOS), document management software, and compliance tools like Encompass or Calyx is typically required. Exceptional attention to detail, organizational skills, and effective communication help you manage complex documentation and coordinate with multiple stakeholders. These abilities are crucial to ensure accurate, timely loan processing and to minimize risks for both the lender and borrower.

What are the most common challenges faced by construction loan processors during the loan approval process?

Construction Loan Processors often encounter challenges such as coordinating between multiple stakeholders—including borrowers, builders, inspectors, and underwriters—to ensure all documentation and approvals are in place. Managing tight timelines for disbursements and addressing discrepancies in project budgets or construction schedules can also be demanding. Staying organized and maintaining clear communication are key to successfully navigating these complexities and ensuring loans progress smoothly from application to closing.

What is the difference between Construction Loan Processor vs Mortgage Loan Processor?

AspectConstruction Loan ProcessorMortgage Loan Processor
CredentialsTypically requires loan processing experience, knowledge of construction financingRequires mortgage processing experience, mortgage licensing or certifications
Work EnvironmentWorks mainly with construction projects, builders, and lendersWorks with residential mortgage applications, homebuyers, and lenders
Industry UsageUsed in construction and real estate development sectorsUsed in residential mortgage lending industry
Search & Comparison IntentOften compared for loan processing roles in real estate and constructionCommonly compared with construction loan processing for mortgage roles

The main difference between a Construction Loan Processor and a Mortgage Loan Processor lies in their focus areas. Construction Loan Processors handle loans specifically for construction projects, requiring knowledge of construction financing and working closely with builders. Mortgage Loan Processors focus on residential mortgage applications for homebuyers. While both roles involve loan processing, their industry focus and client interactions differ significantly.

How much do entry level construction loan processors make?

Entry-level construction loan processors typically earn between $40,000 and $55,000 annually, depending on location and employer. Starting salaries may increase with experience, certifications, and familiarity with loan processing software and industry regulations.

Is a construction loan processor a difficult job?

A construction loan processor's job involves reviewing and verifying loan documents, coordinating with contractors and lenders, and ensuring compliance with regulations. It can be challenging due to tight deadlines, detailed paperwork, and the need for accuracy and attention to detail, but it also offers a structured environment with clear responsibilities. Success often depends on organizational skills and knowledge of loan procedures and construction processes.
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What states have the most Construction Loan Processor jobs?

States with the most job openings for Construction Loan Processor jobs include:

What job categories do people searching Construction Loan Processor jobs look for?

The top searched job categories for Construction Loan Processor jobs are:

Construction Loan Processor jobs near you
Infographic showing various Construction Loan Processor job openings in the United States as of August 2026, with employment types broken down into 91% Full Time, 7% Part Time, and 2% Contract. Highlights an 89% Physical, 3% Hybrid, and 8% Remote job distribution, with an average salary of $44,308 per year, or $21.3 per hour.

Mortgage Construction Loan Coordinator

Magnolia Bank

Remote

Full-time

Re-posted 3 days ago

Job description

Magnolia Bank is a community bank that has served the surrounding area for over 100 years. Our footprint includes banking centers located in Central Kentucky, mortgage offices throughout the U.S. and over 300 employees. We hold ourselves to the highest standard when it comes to providing an excellent customer experience through our personal way and the nurturing of our employees’ personal and professional growth. We keep a fun, friendly and engaging atmosphere all while living the Magnolia Values of Honesty, Integrity, Confidentiality, Excellence and Professionalism every day. Magnolia Bank is a customer focused bank that empowers, encourages, and engages our employees. Being Adaptive and Innovative is one of the main reasons Magnolia Bank continues to prosper.
We are currently seeking applicants for a Mortgage Construction Loan Coordinator.
Qualified Candidates will be responsible for:
• Administer construction loan portfolio. Process loan advances and reductions, track insurance, quote payoff figures, and apply interest payments.
• Initiate the loan set up within the loan origination system with loan specific draw schedules for complex loans.
• Construction monitoring of residential construction loans.
• Careful review of draw requests to identify possible budget problems and elevate to supervisors with recommendations for resolution.
• Coordinate all site inspections for loan draws relating to the construction loans and title bringdowns.
• Review inspection reports and draw documents for accuracy, and for conformance with the budget, loan approval, and Loan Agreement.
• Facilitate the approval of draws requests through the approval process.
• Provides operational guidance, coaching, and support to loan officers and other lending staff.
• Act as a champion of the construction loan product both internally and externally.
• Ability to establish draw schedules and budget tracking using Excel workbooks and internal systems based on the requirements of the loan approval, loan documents, and construction contract.
• Update ledgers, budgets, and the funding log.
• Understanding of construction documents, and the ability to identify and elevate issues contrary to documentation.
Candidates must also have knowledge in:
• Strong construction loan processing skills.
• Bank’s secondary market policies and procedures
• Other bank policies and procedures as they apply to the secondary market lending function
• Loan platforms utilized by the secondary market department
• Federal regulations concerning secondary market mortgage lending
• Investors’ guidelines
• Work well independently as well as within a team environment
• Work well under pressure to consistently meet stated deadlines
• Organize activities and handle multiple tasks simultaneously
• Quickly adapt to new procedures and processes as loan regulations change
• Communicate effectively, both verbally and in writing, with co-workers and employees of other banks with which the Bank does business
• Dedication to delivering excellent customer experiences
• Professionalism in conduct, communication and appearance
• Communication and sound judgment; strong decision-making skills
• Positive attitude; team-oriented
• Strong interpersonal skills; outgoing and friendly personality
• Accuracy, attention to detail and organizational skills; time management skills
Enter Qualifications:
• High school diploma or GED
• One year of banking experience, including loan processing or loan operations and customer service, strongly desired
• Must have working knowledge of Microsoft Word, Excel, and email software and use of the Internet
• Encompass experience preferred.
This position reports to the Mortgage Director of Operations.
If you want a place to work with opportunities to grow and a place that feels like home-come join us!

Apply