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Consumer Loan Processor Jobs (NOW HIRING)

Goldenwest Credit Union

Consumer Loan Processor

Ogden, UT · On-site

$18.50 - $23.25/hr

WHAT YOU CAN EXPECT Our Consumer Loan Processors eagerly assists members with credit card, auto, RV and home equity loans. Location, Schedule Availability & Salary Information * 5167 Adams Avenue ...

KALSEE Credit Union

Consumer Loan Processor

Portage, MI · On-site

$18 - $22.50/hr

The Consumer Loan Specialist coordinates consumer and home equity loan closings, manages collateral ... Communicate with members throughout the closing process, following up to obtain any outstanding ...

Kalsee Credit Union

Consumer Loan Processor

Portage, MI · On-site

$18 - $22.50/hr

The Consumer Loan Specialist coordinates consumer and home equity loan closings, manages collateral ... Communicate with members throughout the closing process, following up to obtain any outstanding ...

Kalsee Credit Union

Consumer Loan Processor

Portage, MI · On-site

$18 - $22.50/hr

Description: The Consumer Loan Specialist coordinates consumer and home equity loan closings ... Communicate with members throughout the closing process, following up to obtain any outstanding ...

PEG Staffing

Loan Processor - Consumer Loans

Saint Louis, MO · On-site

$18.25 - $24.25/hr

Consumer Loan Processor (Contract - through September) PEG Staffing & Recruiting is seeking a Consumer Loan Processor for a contract role running through the end of September. This is a fully onsite ...

HFS Financial LLC

Consumer Loan Processor

Reisterstown, MD

$17.75 - $22.25/hr

Process consumer loan applications and associated documents(NO MORTGAGES) · Ex: Income and ID documentation · Review active loan files each day to determine if any documents are missing or what can ...

HFS Financial LLC

Consumer Loan Processor

Reisterstown, MD · On-site

$17.75 - $22.25/hr

Process consumer loan applications and associated documents(NO MORTGAGES) · Ex: Income and ID documentation · Review active loan files each day to determine if any documents are missing or what can ...

Kalsee Credit Union

Consumer Loan Processor

Portage, MI

$17.75 - $22.25/hr

Description: The Consumer Loan Specialist coordinates consumer and home equity loan closings ... Communicate with members throughout the closing process, following up to obtain any outstanding ...

Kalsee Credit Union

Consumer Loan Processor

Portage, MI · On-site

$18 - $22.50/hr

Description The Consumer Loan Specialist coordinates consumer and home equity loan closings ... Communicate with members throughout the closing process, following up to obtain any outstanding ...

Sunmark Credit Union

Consumer Loan Processor

Latham, NY · On-site

$21 - $22.50/hr

We are hiring a Consumer Loan Processor at our Latham, NY office. Must have flexibility to work M-F between 8-6pm and rotating Saturday's 9-1pm. E ligible for a hybrid schedule after the training ...

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How much do consumer loan processor jobs pay per hour?

As of Aug 23, 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.
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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, 82% Full Time, 13% Part Time, and 4% Contract. Highlights an 96% Physical, 2% Hybrid, and 2% Remote job distribution, with an average salary of $43,048 per year, or $20.7 per hour.

Consumer Loan Processor - Full Time

1ST MIDAMERICA CREDIT

East Alton, IL • On-site

$15.10/hr

Full-time

Re-posted 12 days ago

Job description

Job Title: Consumer Loan Processor

Status: Full Time

Location: East Alton, IL

Salary: $15.10

Benefit Information: https://www.1stmidamerica.org/docs/default-source/pdfs/benefits-summary-at-a-glance-2026.pdf

About Us:

1st MidAmerica is a trusted financial institution dedicated to providing exceptional service to our members. We pride ourselves on our commitment to the communities we serve and our focus on delivering an array of financial products for each step in their financial journey. We are currently seeking motivated and member-oriented individuals to join our team as a Consumer Loan Processor.

Job Summary:

We are seeking a Consumer Loan Processor to provide clerical support to the Loan Center in performing various duties and special projects related to consumer loan applications.

Key Responsibilities:

- Assist Consumer Loan Originators and other personnel to ensure proper related documentation is prepared and/or provided.

- Answer the telephone and respond to routine loan center or member inquiries related to loan balance and payoff requests.

- Assist with the preparation of loan files and documentation.

- Update and maintain financial statements, cash flow, and tax documentation in loan files.

- Perform official notary service as required.

Qualifications:

- High school diploma or equivalent.

- One year of similar or related experience.

- Some familiarity with consumer lending laws and regulations, including compliance requirements preferred, but can be trained.

- Customer service experience.

- Strong communication skills and attention to detail.

What We Offer:

- Competitive salary and benefits.

- Opportunities for career growth.

- Supportive team environment.

Schedule:

- Monday – Friday 8:00 AM – 5:00 PM

- Saturday Hours Possible 8:00 AM – 12:00 PM*

*Will discuss further in interview.

Disclaimer: Must be able to work and travel to different credit union locations as determined by management.

1st MidAmerica is an Equal Opportunity Employer.