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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 ...

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 ...

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 ...

Stbancorp

Consumer Loan Processor

Stafford, TX

$16.50 - $20.50/hr

Responsible for the processing of consumer loans, communication with Retail Bankers and ensuring compliance of consumer loan applications in accordance with S&T Bank, regulatory and equity guidelines ...

S and T Bank

Consumer Loan Processor

Indiana, PA · On-site

$17.25 - $21.75/hr

Responsible for the processing of consumer loans, communication with Retail Bankers and ensuring compliance of consumer loan applications in accordance with S&T Bank, regulatory and equity guidelines ...

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Consumer Loan Processor information

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How much do consumer loan processor jobs pay per hour?

As of Sep 5, 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 job categories do people searching Consumer Loan Processor jobs look for?

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

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 August 2026, with employment types broken down into 1% As Needed, 77% Full Time, 17% Part Time, 4% Contract, and 1% Nights. Highlights an 95% Physical, 2% Hybrid, and 3% Remote job distribution, with an average salary of $43,048 per year, or $20.7 per hour.

Consumer Loan Processor

KEMBA Financial Credit Union

Columbus, OH • On-site

$18.25 - $23/hr

Full-time

Posted 9 days ago

Kemba Financial Credit Union rating

8.3

Company rating: 8.3 out of 10

Based on 8 frontline employees who took The Breakroom Quiz

Job description

Title: Consumer Loan Processor

Reports to: Consumer Loan Processing Manager

Supervises: None

Status: Non-Exempt

Objective

The Consumer Loan Processor is responsible for providing the diligence required to complete the process for consumer loans.

Duties and Responsibilities

  • Ensures accuracy for all consumer loans by auditing file, preparing loan checklists, ensuring system set-up is accurate, verifying all required information is collected for specific loan type, and meeting stipulations by reviewing attached documentation
  • Prepares loan documents for closing via electronic system for e-sign documents, office documents and mailed documents
  • Ensures identity authentication is properly requested and completed for e-sign documents
  • Processes and disburses consumer loans by verifying signatures and required documents are complete and correct, archiving signed documents, mailing loan proceeds checks and member communication, process balance credit card limit increases and balance transfers, and disburses loan to core system
  • Opens membership accounts and adheres to membership requirements based on the Credit Union’s policies and procedures
  • Assists with research and resolution of any consumer loan related issues
  • Communicates with KEMBA associates, members, and dealerships as needed in day-to-day operations of the department
  • Provides exceptional member care by having good time management skills and accurate execution of job duties
  • Strives to meet all goals established for this position
  • Performs all duties in a manner that is fully compliant with applicable industry regulations as well as KEMBA policy and procedures
  • Develops an understanding of Credit Union history, philosophy, organization, policies, and operational procedures
  • On a self-direct basis, continues to improve individual level of competency through training and certification on established educational programs
  • Relates to others beyond giving and receiving instructions:
    • Communicates with coworkers or peers without exhibiting behavioral extremes
    • Performs work activities requiring negotiating, instructing, supervising, persuading, or speaking with others
    • Responds appropriately to feedback from a supervisor
  • Performs other duties as required by management

Required Qualifications

  • High school diploma or equivalent education and experience
  • 1 Year related experience in a financial institution
  • Knowledge of title work and lien filings
  • Strong organizational skills and attention to detail
  • Values a high degree of accuracy and speed
  • Professional demeanor
  • Effective verbal and written communication skills
  • Adapts to quick changes in pace or workload
  • Ability to work well independently, or as part of a team
  • Assertive problem-solving skills

Physical Demands

The physical demands listed below represent those necessary to perform the essential functions of this role. Reasonable accommodation may be provided to enable individuals with disabilities to perform these functions.

The employee is regularly required to sit, use their hands, reach with arms, and communicate verbally and orally. Occasional standing, walking, and lifting of objects up to 25 pounds are required. Vision requirements include close, distance vision, and focus adjustment.

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