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Contract Loan Processing Jobs in Arizona (NOW HIRING)

Trusted Lending Center

Loan Officer

Mesa, AZ · On-site

Complete loan contracts and counsel clients on policies and restrictions. * Communicate with borrowers, realtors, processors, and underwriters to ensure a smooth closing. * Manage client pipeline to ...

Truist

Sheffield Underwriter I

Tempe, AZ · On-site

English (Required) Work Shift: 1st shift (United States of America) Please review the following Evaluate, underwrite and contract retail loan applications under approved fraud, loan processing ...

Truist

Sheffield Underwriter I

Tempe, AZ · On-site

English (Required) Work Shift: 1st shift (United States of America) Please review the following Evaluate, underwrite and contract retail loan applications under approved fraud, loan processing ...

NFM Lending

Senior Processor

Tempe, AZ · On-site

$17.31/hr

Manage a minimum pipeline of 25 loans monthly, ensuring efficient processing and timely closings ... This is not a contract of employment. The employer, in its sole discretion, may modify or adjust ...

NFM Lending

Senior Processor

Tempe, AZ · On-site

Manage a minimum pipeline of 25 loans monthly, ensuring efficient processing and timely closings ... This is not a contract of employment. The employer, in its sole discretion, may modify or adjust ...

NFM, Inc.

Senior Processor

Tempe, AZ · On-site

$17.31/hr

Manage a minimum pipeline of 25 loans monthly, ensuring efficient processing and timely closings ... This is not a contract of employment. The employer, in its sole discretion, may modify or adjust ...

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Showing results 21-40

All JobsContract Loan Processing JobsContract Loan Processing Jobs in Arizona

Contract Loan Processing information

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$12

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$28

How much do contract loan processing jobs pay per hour?

As of Aug 22, 2026, the average hourly pay for contract loan processing in Arizona is $19.85, according to ZipRecruiter salary data. Most workers in this role earn between $16.78 and $22.40 per hour, depending on experience, location, and employer.

What is a contract loan processor?

Contract loan processors are professionals who handle the administrative and processing tasks involved in securing a loan, typically for a mortgage, on a contractual or freelance basis rather than as full-time employees. They review and verify loan documents, coordinate with lenders, and ensure that applications comply with industry and legal standards. By working on a contract basis, they provide flexibility to lenders or mortgage companies who may need extra support during busy periods or for specific projects.

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

To thrive as a Contract Loan Processor, you need a solid understanding of mortgage lending processes, loan documentation, and compliance regulations, often supported by experience in financial services or a related certification. Familiarity with loan origination systems (LOS) like Encompass or Calyx, and proficiency in document management software, is typically required. Attention to detail, strong organizational skills, and effective communication are crucial soft skills for managing deadlines and collaborating with clients and lenders. These skills ensure accurate loan processing, compliance with regulatory standards, and efficient workflow in a highly deadline-driven environment.

What are some common challenges faced by contract loan processors, and how can they be managed effectively?

Contract loan processors often encounter challenges such as tight deadlines, fluctuating loan volumes, and the need to quickly adapt to different lenders' procedures. Managing these challenges involves maintaining strong organizational skills, effective communication with borrowers, loan officers, and underwriters, and staying updated on compliance regulations. Utilizing reliable loan processing software and establishing clear workflows can also help streamline tasks and reduce errors, making it easier to handle high workloads efficiently.

What is the difference between Contract Loan Processing vs Contract Underwriting?

AspectContract Loan ProcessingContract Underwriting
Primary RolePreparing and verifying loan documents, coordinating with applicants and lendersAssessing and approving loan applications based on risk analysis
Required CredentialsTypically requires a high school diploma or equivalent; certifications like Loan Processing Certification are commonRequires a mortgage or loan underwriting certification; often a background in finance or banking
Work EnvironmentOffice setting, often in banks, mortgage companies, or lending institutionsOffice-based, with detailed analysis and decision-making processes

Contract Loan Processing involves managing the documentation and coordination for loan approval, while Contract Underwriting focuses on evaluating and approving loan applications based on risk factors. Both roles are essential in the lending process but differ in responsibilities and skill requirements.

How much do entry level contract loan processors make?

Entry-level contract loan processors typically earn between $15 and $20 per hour, depending on location and employer. Starting salaries may also include benefits such as training and opportunities to develop skills in loan processing software and documentation management.

How to become a contract loan processor?

To become a contract loan processor, candidates typically need a high school diploma or equivalent, along with experience in loan processing or related administrative roles. Familiarity with loan software, attention to detail, and strong organizational skills are important; some employers may prefer candidates with a background in finance or banking. Certification is not mandatory but can enhance job prospects.

What are the most commonly searched types of Loan Processing jobs in Arizona?

The most popular types of Loan Processing jobs in Arizona are:

What are popular job titles related to Contract Loan Processing jobs in Arizona?

For Contract Loan Processing jobs in Arizona, the most frequently searched job titles are:

What job categories do people searching Contract Loan Processing jobs in Arizona look for?

The top searched job categories for Contract Loan Processing jobs in Arizona are:

What cities in Arizona are hiring for Contract Loan Processing jobs?

Cities in Arizona with the most Contract Loan Processing job openings:

Contract Loan Processing jobs near you
Infographic showing various Contract Loan Processing job openings in Arizona as of August 2026, with employment types broken down into 1% As Needed, 81% Full Time, 13% Part Time, 2% Temporary, 2% Contract, and 1% Nights. Highlights an 92% Physical, 3% Hybrid, and 5% Remote job distribution, with an average salary of $41,290 per year, or $19.9 per hour.

Mortgage Loan Processor III

Waterstone Mortgage

Scottsdale, AZ • On-site

$40K - $55K/yr

Other

Posted 17 days ago

Job description

SUMMARY:
Waterstone Mortgage is seeking a highly skilled Mortgage Loan Processor to take ownership of complex residential loan files from contract through closing. In this role, you will manage the full processing lifecycle, ensuring files move efficiently, accurately, and in full compliance with investor and regulatory guidelines.
You will partner closely with a top-producing Loan Originator and team, Underwriters, and Closers to proactively identify and resolve issues, manage critical deadlines, and deliver an exceptional borrower experience across a variety of loan programs and investors. This position requires strong organizational skills, attention to detail, and the ability to anticipate challenges before they impact the transaction.
Aligned with our Scottsdale, Arizona branch, this role is primarily remote. Candidates located in the greater Phoenix area are preferred to support local collaboration and business needs.
If you are a detail-driven Processor who thrives on accountability, precision, and successfully getting loans across the finish line, we encourage you to apply.
Essential Duties and Responsibilities
  • Review new loan files within 24-48 hours of receipt to ensure required compliance disclosures were issued within the appropriate timeframe. Notify appropriate team members if additional documentation or information is needed.
  • Demonstrate strong proficiency in calculating and analyzing income for hourly, salaried, commissioned, and self-employed borrowers in accordance with investor and regulatory guidelines.
  • Manage a pipeline of 20+ loans while maintaining minimal review and submission turn times.
  • Order all necessary documentation to satisfy Automated Underwriting (AU) findings and/or product requirements from the Loan Originator, borrower, or third-party vendors.
  • Track all requested and received documentation within Encompass.
  • Review documentation within 24 hours of receipt for discrepancies or missing information; calculate and verify income, validate assets, and update Encompass accordingly.
  • Immediately notify the Loan Originator of documentation discrepancies and collaborate on appropriate resolution steps.
  • Prepare loan files for underwriting submission using investor-specific submission checklists.
  • Clear approval and/or suspense conditions as outlined by the Underwriter in a timely manner.
  • Ensure all required closing documentation (e.g., title commitment, homeowner's insurance, etc.) is obtained, reviewed within 24 hours of receipt, and communicated to the Loan Originator as needed.
  • Process loans to meet all contract deadlines and rate lock expiration dates.
  • Deliver complete files to the Closing Department within timelines established by Waterstone Mortgage.
  • Provide cross-functional support to Processors, Underwriters, and the Closing Department as needed.
  • Respond promptly to borrower and third-party inquiries throughout the transaction.
  • Assist in clearing post-closing investor exceptions to mitigate financial risk to the company.
  • Maintain working knowledge of current state mortgage lending laws and regulatory requirements.
  • Order FHA and VA case numbers through appropriate government systems.
  • Run GU
  • Demonstrate knowledge of real estate compliance guidelines and the ability to implement them effectively.
  • Continuously develop customer service skills and industry knowledge to enhance the borrower experience.
ADDITIONAL DUTIES:
  • Complete any additional duties as assigned by management
  • Complete regulatory and compliance training, as required.
  • Assist WMC employees and departments as needed
QUALIFICATIONS: To perform this role successfully, an individual must be able to execute each essential duty at a high level of proficiency. The requirements outlined below represent the knowledge, skills, and abilities necessary for success in this position. Reasonable accommodation may be made to enable individuals with disabilities to perform the essential functions of the role.
EDUCATION and/or EXPERIENCE:
  • High school diploma or General Education Degree (GED) required.
  • Minimum of 10+ years of experience processing residential mortgage loans, including conventional fixed-rate and ARM products, HELOCs, and construction loans.
  • Extensive experience processing FHA, VA, and USDA loans required.
  • Proven experience working with multiple investors and navigating varying investor guidelines.
  • Proficiency with a mortgage loan origination system required; experience with Encompass preferred.
CUSTOMER SERVICE SKILLS: Demonstrates excellence in customer service is required, including:
  • Maintaining a professional, positive, and solutions-oriented attitude.
  • Taking full ownership of meeting customer needs and resolving issues proactively.
  • Going above and beyond to deliver an exceptional borrower experience.
  • Communicating clearly, professionally, and positively with borrowers, team members, and third parties.
  • Respecting customers' time and schedules by managing deadlines efficiently and minimizing delays.
  • Demonstrating a commitment to continuous improvement through ongoing education and training.

Individuals in this position shall not engage in loan origination during the course of his/her employment with WMC. Loan origination is defined as (1) taking a residential mortgage loan application; or (2) offering or negotiating terms of a residential mortgage loan for compensation or gain; (3) advertising or communicating to the public that you can perform loan origination services. Please see the Loan Originator Compensation Policy for more details on the definition of loan origination.
Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities
This employer is required to notify all applicants of their rights pursuant to federal employment laws. For further information, please review the Know Your Rights notice from the Department of Labor.

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