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Consumer Loan Processor Jobs (NOW HIRING)

UFCU

Consumer Loan Processor

Saint Joseph, MI · On-site

$18 - $22.50/hr

The Consumer Loan Processor will also evaluate and recommend improvements to departmental procedures and maintain knowledge of Credit Union products and services. Essential Functions, in Priority ...

Mass Bay Credit Union

Consumer Loan Processor

Boston, MA · On-site

$20.75 - $25.75/hr

Consumer Loan Processor Under the supervision of the Department Manager, processes consumer loans on a timely and accurate basis and provides a consistently high level of quality service to members ...

State Street Bank

Consumer Loan Processor

Quincy, IL · On-site

$18 - $25/hr

GENERAL DESCRIPTION The Consumer Loan Processor is responsible for receiving and processing new loan submissions; and for providing daily administrative support to the Lender; including ordering ...

Hanscom Inc

Consumer Loan Processor

$22.23 - $27.79/hr

Hanscom Federal Credit Union Consumer Loan Processor It's an exciting time to be at Hanscom Federal Credit Union! As a member of our Consumer Lending Department, you will join a dynamic team of ...

Mass Bay Credit Union

Consumer Loan Processor

Boston, MA · On-site

$24.79 - $30.30/hr

Under the supervision of the Department Manager, processes consumer loans on a timely and accurate basis and provides a consistently high level of quality service to members and potential members in ...

Mass Bay Credit Union

Consumer Loan Processor

Boston, MA · On-site

$24.79 - $30.30/hr

Under the supervision of the Department Manager, processes consumer loans on a timely and accurate basis and provides a consistently high level of quality service to members and potential members in ...

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How much do consumer loan processor jobs pay per hour?

As of Sep 11, 2026, the average hourly pay for consumer loan processor in the United States is $20.70, according to ZipRecruiter salary data. Most workers in this role earn between $18.27 and $22.84 per hour, depending on experience, location, and employer.

What is a consumer loan processor?

Consumer Loan Processors are professionals who review, verify, and process loan applications for individuals seeking personal, auto, or other consumer loans. They ensure that all required documentation is complete and accurate, assess applicant eligibility, and work closely with loan officers, underwriters, and clients throughout the approval process. Their attention to detail and understanding of lending regulations help ensure loans are processed efficiently and in compliance with financial institution policies.

What does a consumer loan processor do?

A consumer loan processor is responsible for preparing and organizing loan application paperwork to ensure files are ready for review by the lender. As a consumer loan processor, you interview applicants, gather information, and review records for completeness during the loan application process. To become a consumer loan processor, you typically need at least a high school diploma or GED certificate and on-the-job training. Some employers prefer candidates to have a bachelor’s degree in finance, economics, or a related field. Additional qualifications include strong interpersonal skills, attention to detail, and experience with banking software.

What are the key skills and qualifications needed to thrive as a consumer loan processor, and why are they important?

To thrive as a Consumer Loan Processor, you need a solid understanding of loan products, financial documentation, and regulatory compliance, often supported by experience in banking or finance. Familiarity with loan origination systems, credit reporting tools, and document management software is typically required. Attention to detail, strong organizational skills, and effective communication set top performers apart in this role. These skills ensure loans are processed accurately and efficiently, minimizing errors and ensuring a smooth experience for both clients and lenders.

What are some common challenges faced by consumer loan processors, and how can they be overcome?

Consumer Loan Processors often manage multiple loan files simultaneously, which requires excellent organizational skills and attention to detail. A common challenge is ensuring all documentation is accurate and complete to avoid delays in loan approvals. Effective communication with loan officers, borrowers, and underwriters is essential to resolve issues quickly. Staying updated on changing regulations and lender requirements also helps processors maintain compliance and efficiency.

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

AspectConsumer Loan ProcessorMortgage Loan Processor
Required CredentialsHigh school diploma, sometimes additional certificationsHigh school diploma, mortgage-specific certifications often preferred
Work EnvironmentBank branches, loan offices, online platformsMortgage companies, banks, real estate offices
Employer & Industry UsageRetail banking, credit unions, online lendersMortgage lenders, banks, real estate firms
Comparison Search IntentYesYes

Consumer Loan Processors and Mortgage Loan Processors both handle loan documentation and verification, but they focus on different loan types. Consumer Loan Processors typically work with personal, auto, or credit card loans, while Mortgage Loan Processors specialize in home loans. Despite differences, both roles require strong attention to detail, customer service skills, and familiarity with loan regulations.

How much do entry level consumer loan processors make?

Entry-level consumer loan processors typically earn between $30,000 and $40,000 annually, depending on location and employer. Starting salaries may include benefits such as health insurance and paid time off, and the role often requires basic financial knowledge and attention to detail.

Is a consumer loan processor a difficult job?

A consumer loan processor's job involves reviewing loan applications, verifying information, and ensuring compliance with lending policies, which requires attention to detail and organizational skills. The difficulty level depends on workload, complexity of cases, and familiarity with loan processing software, but it generally involves routine tasks and clear procedures.

What qualifications do I need to be a consumer loan processor?

A consumer loan processor typically needs a high school diploma or equivalent, with some employers preferring post-secondary education or relevant coursework. Strong attention to detail, good organizational skills, and familiarity with loan processing software are important, and prior experience in banking or finance can be beneficial.
More about Consumer Loan Processor jobs

What cities are hiring for Consumer Loan Processor jobs?

Cities with the most Consumer Loan Processor job openings:

Who are the top companies hiring for Consumer Loan Processor jobs?

The top employers for Consumer Loan Processor jobs are:

What states have the most Consumer Loan Processor jobs?

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

What are popular job titles related to Consumer Loan Processor jobs?

For Consumer Loan Processor jobs, the most frequently searched job titles are:

Consumer Loan Processor jobs near you
Infographic showing various Consumer Loan Processor job openings in the United States as of September 2026, with employment types broken down into 1% As Needed, 58% Full Time, 38% Part Time, and 3% Contract. Highlights an 97% Physical, 1% Hybrid, and 2% Remote job distribution, with an average salary of $43,048 per year, or $20.7 per hour.

Consumer Loan Processor

Saint Joseph, MI • On-site

United Federal Credit Union
See more jobs at United Federal Credit Unionexternal

$18 - $22.50/hr

Other

Re-posted 4 days ago

Job description

Consumer Loan Processor

The Consumer Loan Processor is responsible for supporting all equity and indirect loan processing activities, ensuring that loan applications are complete, accurate, and compliant with Credit Union guidelines and regulations. This role involves preparing documentation for underwriting and closing reviews, maintaining professional relationships with internal and external stakeholders, and processing both equity and indirect consumer loans. The Consumer Loan Processor will also evaluate and recommend improvements to departmental procedures and maintain knowledge of Credit Union products and services.

Essential Functions, in Priority Order:

  1. Responsible for providing support for all consumer loan processing duties. Review loan applications for accuracy and completeness, clarify missing or questionable information, and prepare files for closing and funding. Communicate loan status to involved parties. Time: 35%
  2. Process, compile, and maintain documentation for indirect consumer loans, ensuring compliance with guidelines. Verify loan and membership documentation for accuracy and compliance prior to funding. Time: 25%
  3. Establish and maintain professional relationships with members, mortgage professionals, network dealers, and internal staff. Communicate with dealers to obtain accurate information during the application process and collect required documentation for consumer loan funding. Time: 15%
  4. Stay current with regulatory updates and complete required training as directed by management. Maintain a working knowledge of all Credit Union products and services related to both equity and consumer loans. Time: 10%
  5. Track dealer incentives and ACH funding for consumer loans, issue incentive checks, and maintain dealer reserve chargeback tracking and billing reports. Time: 10%
  6. Evaluate and recommend improvements to departmental processes and procedures for both equity and consumer loan operations. Time: 5%

Education: High school diploma or equivalent required.

Experience: In addition to the education requirement: Minimum of one year's experience in financial industry or real estate required. MLS registration required upon hire.

Knowledge, Skills and Abilities: Computer literacy. Detail oriented. Excellent oral skills. Good written communication skills. Positive attitude.

Required Competencies: Problem Solving. Dealing with Ambiguity. Time Management. Demonstrates Courage. Drive for Results. Interpersonal Savvy. Customer Focus. Integrity and Trust. Self-Development. Business Acumen.

Mental Requirements: Ability to work under pressure. Proven problem-solving abilities. Ability to analyze and evaluate information. Ability to interpret policies, guidelines, and regulations. Ability to concentrate in a multi-task environment.

Physical Demands: Work involves standing and walking for brief periods of time, but most work is done from a seated position. Must have mobility to move throughout the Credit Union, as necessary. There is potential for eyestrain from reading the computer screen. Deadlines, workloads, and pressure to achieve goals may cause increased stress levels.

Working Conditions: Internal - Work is normally performed in climate-controlled office environment, where exposure to conditions of extreme heat/cold, poor ventilation, fumes and gases is limited. Noise level is moderate and includes sounds of normal office equipment (computers, telephones, etc.). No known environmental hazards are encountered in normal performance of duties. Length of day is unpredictable; long hours may be required to accommodate deadlines or special meetings. External - Some travel may be required; however, information on environmental conditions is not available.

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