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Consumer Loan Processor Jobs (NOW HIRING)

Schoolsfirstfcu

Consumer Loan Processor

Riverside, CA

$19.75 - $24.75/hr

Consumer Loan Processor The pay range for this position is listed below. Our pay ranges are built to allow for candidates with various levels of skill and experience to be considered, as well as for ...

landmarkcu

Consumer Loan Processor

Brookfield, WI · On-site

$18 - $22.50/hr

The Consumer Loan Processor reviews and validates all reports and member provided documentation to satisfy loan stipulations for all product types and provides the clear to close for all non-equity ...

Schoolsfirstfcu

Consumer Loan Processor

Sacramento, CA

$20.25 - $25.25/hr

Consumer Loan Processor The pay range for this position is listed below. Our pay ranges are built to allow for candidates with various levels of skill and experience to be considered, as well as for ...

Landmark Credit Union

Consumer Loan Processor

Brookfield, WI · On-site

$18 - $22.50/hr

The Consumer Loan Processor reviews and validates all reports and member provided documentation to satisfy loan stipulations for all product types and provides the clear to close for all non-equity ...

orsa credit union

consumer loan processor

Plymouth, MI · On-site

$22.55/hr

The consumer loan processor is responsible for preparing, reviewing, and maintaining documentation for consumer loans to ensure accuracy, compliance, and timely processing. This position requires ...

Schoolsfirstfcu

Consumer Loan Processor

Tustin, CA

$20 - $25/hr

Consumer Loan Processor The pay range for this position is listed below. Our pay ranges are built to allow for candidates with various levels of skill and experience to be considered, as well as for ...

Alliant Credit Union

Consumer Loan Processor

Chicago, IL · Hybrid

$41K - $59K/yr

Manage the consumer loan application process, ensure documentation is complete, accurate, and compliant with regulatory standards. Collaborate across teams, including but not limited to internal and ...

Alliant Credit Union

Consumer Loan Processor

Chicago, IL · Hybrid

$41K - $59K/yr

Manage the consumer loan application process, ensure documentation is complete, accurate, and compliant with regulatory standards. Collaborate across teams, including but not limited to internal and ...

Alliant

Consumer Loan Processor

Chicago, IL · On-site

$41K - $59K/yr

Manage the consumer loan application process, ensure documentation is complete, accurate, and compliant with regulatory standards. Collaborate across teams, including but not limited to internal and ...

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Consumer Loan Processor information

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How much do consumer loan processor jobs pay per hour?

As of Jun 10, 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 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 Consumer Loan Processors?

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 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.

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.
More about Consumer Loan Processor jobs
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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
Consumer Loan Processor

Consumer Loan Processor

Mass Bay Credit Union

Roxbury Crossing, MA

$20.75 - $25.75/hr

Other

Posted 2 days ago

Job description

*This is not a remote position *
Primary Function:
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 the lending process. Prepares, analyzes, processes, and documents all required forms and documentation for consumer loan products. Provides member and departmental support for all aspects of consumer loan and consumer loan servicing within the Credit Union. Handles all member transactions with complete discretion and confidentiality. This is a Mid-Level position.
Essential Duties and Responsibilities:
  1. Coordinates with consumer loan applicants in person, by phone and/or electronically and assists member in providing information, answering questions, and completing loan application.
  2. Ensures that all members and potential members feel welcomed to the Credit Union and are supported professionally in the process.
  3. Requests and reviews all required information and documentation to secure a consumer loan and researches discrepancies.
  4. Interviews and originates potential consumer loan applicants for approval and/or denial.
  5. Answers questions for members throughout the process. Explains the loan process to include loan options, insurance required on Credit Union loan products, loan policies, interest rates, payoffs, etc.
  6. Prepares credit investigation and verification for related applications.
  7. Verifies contents and completion of approved loan folders and inputs on the computer system.
  8. Maintains a filling system and procedures to monitor that the required documentation is received in a timely manner and maintained appropriately and according to policies and procedures.
  9. Closes approved loans; completes all necessary loan documents to close the file; and prepares payroll designation and all other related documents to bring to completion.
  10. Processes daily mail payments for consumer loans, when assigned.
  11. Informs members of Credit Union products and services, explaining features and benefits; cross-sells products and services when appropriate and within scope of responsibility.
  12. Functions as needed to positions within the Loan Origination/Servicing Department as required.
  13. Cross-trains and performs all positions within the Loan Department.
  14. Responsible to maintain and control lending file folders.
  15. Coordinates documentation and maintains up-to-date files.
  16. Provides backup support for Lending Reception desk and related department mailings.
  17. Attends training sessions upon request.
  18. Adheres to the anti-money laundering policy and the Bank Secrecy laws.
  19. Assumes other duties as new products, services, or technology are introduced.
Note: The above is a description of the ordinary and essential duties of the position. Other duties both related and unrelated to the above may be assigned and therefore required.
Knowledge, Skills, and Experience Required:
  1. Professional and pleasant interpersonal and communication skills are essential for servicing Credit Union members and projecting a positive image as representative for the Credit Union.
  2. General knowledge of all Credit Union products and services as well as credit procedures (required).
  3. Requires education equivalent to a four-year high school education. Proficiency with computer software applications including Word and system applications is required.
  4. Two years of experience in a bank, Credit Union, or mortgage company (required).
  5. Position requires the ability to read and understand oral and written instructions. Requires the ability to effectively communicate with members or employees and to solve day-to-day problems involving several variables in standard situations.
  6. Intermediate mathematical skill required (adding, subtracting, multiplying, dividing, percentages, interest).

Disclaimer:
The above information on this position has been designed to indicate the general nature and level of work performed by employees within its classification. It is not designated to contain or be interpreted as a comprehensive inventory of all duties, responsibilities, and qualifications required of employees assigned to this job.

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