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Contract Loan Processing Jobs in Indiana (NOW HIRING)

UNION HOME MORTGAGE CORP

Loan Officer Assistant

Carmel, IN

$35.60K - $48.40K/yr

Provide WoW service Contract to Close * Manage the Pipeline * Document review/Updates * Works with operations partners in all aspects of the loan process to the closing. * Coordinates with realtors ...

UNION HOME MORTGAGE

Loan Officer Assistant

Carmel, IN · On-site

$35.60K - $48.40K/yr

Provide WoW service Contract to Close * Manage the Pipeline * Document review/Updates * Works with operations partners in all aspects of the loan process to the closing. * Coordinates with realtors ...

Union Home Mortgage Corp.

Loan Officer Assistant

Carmel, IN · On-site

$35.60K - $48.40K/yr

Provide WoW service Contract to Close * Manage the Pipeline * Document review/Updates * Works with operations partners in all aspects of the loan process to the closing. * Coordinates with realtors ...

Guild Mortgage

Loan Officer Assistant

Fishers, IN

$36.34K - $60.57K/yr

Essential Functions Lead to Contract duties: * Acting as a primary point of contact for the ... Prepare and submit loan applications to processing, helping to resolve any subsequent file issues ...

New

Guild

Loan Officer Assistant

Fishers, IN · On-site

$17.47 - $29.12/hr

Essential Functions Lead to Contract duties: * Acting as a primary point of contact for the ... Prepare and submit loan applications to processing, helping to resolve any subsequent file issues ...

defi AUTO LLC

Contracts Manager

Indianapolis, IN · On-site

$80K - $100K/yr

It's an exciting time to join defi! defi SOLUTIONS is a pioneer in end-to-end, SaaS loan ... The Manager, Contract Administration provides administrative and legal support in a corporate ...

OPENLANE

Sr Manager, Mobility Solutions

Carmel, IN · On-site +1

... programs, service loaner programs and rental operators. This person will have a strong ... process efficiencies. Collaboration with team members within credit, contracts and legal. You are:

OPENLANE

Sr Manager, Mobility Solutions

Carmel, IN · On-site

... programs, service loaner programs and rental operators. This person will have a strong ... process efficiencies. Collaboration with team members within credit, contracts and legal. You are:

AFC

Sr Manager, Mobility Solutions

Carmel, IN · On-site +1

... programs, service loaner programs and rental operators. This person will have a strong ... process efficiencies. Collaboration with team members within credit, contracts and legal. You are:

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Contract Loan Processing information

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How much do contract loan processing jobs pay per hour?

As of Jun 1, 2026, the average hourly pay for contract loan processing in Indiana is $20.27, according to ZipRecruiter salary data. Most workers in this role earn between $17.16 and $22.88 per hour, depending on experience, location, and employer.

What are the key skills and qualifications needed to thrive as a Contract Loan Processor, and why are they important?

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 are contract loan processors?

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 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.

What are the most commonly searched types of Loan Processing jobs in Indiana? The most popular types of Loan Processing jobs in Indiana are:
What are popular job titles related to Contract Loan Processing jobs in Indiana? For Contract Loan Processing jobs in Indiana, the most frequently searched job titles are:
What job categories do people searching Contract Loan Processing jobs in Indiana look for? The top searched job categories for Contract Loan Processing jobs in Indiana are:
What cities in Indiana are hiring for Contract Loan Processing jobs? Cities in Indiana with the most Contract Loan Processing job openings:
Contract Loan Processing jobs near you
Infographic showing various Contract Loan Processing job openings in Indiana as of May 2026, with employment types broken down into 2% As Needed, 66% Full Time, 13% Part Time, 1% Temporary, and 18% Contract. Highlights an 81% Physical, 2% Hybrid, and 17% Remote job distribution, with an average salary of $42,162 per year, or $20.3 per hour.
Senior Consumer Loan Processor

Senior Consumer Loan Processor

Financial Center First Credit Union

Indianapolis, IN

$24.12 - $33.16/hr

Full-time

Posted 7 days ago

Job description

POSITION TITLE: Senior Consumer Loan Processor
REPORTS TO: AVP, Consumer Loan Operations
GRADE: 9
DEPARTMENT: Lending
FLSA STATUS: Non-Exempt
LOCATION: Hybrid

PURPOSE: The primary purpose of this position is to fulfill Financial Center First CU’s vision of inspiring financial wellness. The position must deliver high quality service to both internal and external members by supporting and promoting our values to Care, Listen, Learn, Solve, and Act.
Primary purpose of the Senior Consumer Lending Processor is to perform loan investigations, administrative activities, member evaluation and loan package preparation for the Credit Union. Ensuring that documents regarding a loan meet all lending and regulatory requirements before signatures are completed.
ESSENTIAL DUTIES AND RESPONSIBILITIES:
  • Ensures timely processing of applications to ensure continued business and quality of service. Process consumer loans including but not limited to Auto, Unsecured, Credit Card, HE, HELOC, RV, Boat, Motorcycle, Small Business. Achieve minimal posting, processing or account set up errors
  • Interview members for validation of information supplied on applications when needed
  • Determine all applicable ratios and metrics meet the approved criteria either by the loan system or loan underwriter
  • Review active loan files each day to determine if any documents are missing and what can be done to help the process along
  • Collect data and documents to process the loan, which includes but not limited to validating members assets, salaries, debts, employment status, sales contracts and legal documents
  • Conducts research and stays up to date with industry trends and changes. Acquires knowledge of new lending processes, regulations, credit union products etc.
  • Must perform all activities in accordance with federal and state laws and regulations as well as within the credit unions approved policies and procedures
  • Prepare approved loan files to ensure that all documents are in order prior to closing
  • Meet loan application deadlines and assist members to meet such deadlines
  • Review the final loan application, closing documents for completeness and accuracy prior to loan signing
  • Book/Fund loans and distribute all necessary funds to proper locations
  • Ensure transfer of loan details from loan system to core system and all criteria was recorded in the core system accordingly
  • Be a high performing loan processor continually being in the top margin for production
  • Coach, Assist, Train, Consumer Loan Processor’s on software, applications, processes, documentation and guidelines
  • Subject matter expert on processing for all consumer lending loan type
  • Assist in improving efficiencies within the department when opportunities are seen or arise
  • Assist in completion of updated procedures and implementation of any updates or changes within the dept.
  • Responsible for ensuring all applications have proper disclosures sent out by regulator time lines
  • Each Month run the LPQ HMDA Report. Submit LAR to government
  • Review each loan listed for proper “reason” and validation that the proper demographic details are obtained
  • Submit file for proper HMDA LAR export through compliance program. Complete proper batch GeoCoding
  • Performs other duties commensurate to this position
QUALIFICATIONS AND SKILLS:
Education amp; Experience:
  • A two-year degree such as business administration or finance etc. is preferred
  • 5 Years of financial experience in the Banking or Credit Union industry related to lending amp; retail
  • 3 Years as a consumer loan processor covering specifically Auto, Credit Card, HE/HELOC, Unsecured loans
  • 1 year of retail experience working directly with members/customers
  • Thorough knowledge of Credit Union/Banking loan products and applicable policies and standards
  • Knowledge and experience with Loan Origination Systems and Core systems. Such as Meridian Link, Keystone, Fiserv, L360 etc.
  • Subject matter expert on consumer loan processing for Auto, Credit Card, HE/HELOC, Unsecured loans
Skills:
  • Strong desire and willingness to learn new technologies, lending processes, industry changes, systems, products to improve skills amp; knowledge
  • Strong verbal and written communication skills. Strong interpersonal and customer service skills. Ability to be resourceful, perceptive and persuasive when solving problems. Displays, diplomacy, patience and tact when dealing with members and staff
  • Detail oriented with ability to adapt quickly in a fast-paced environment
  • Good organizational skills. Ability to concentrate, exercise judgement amp; be a creative thinker, with a tolerance for risk
  • Ability to operate related computer applications and business equipment

ADA REQUIREMENTS
Physical Requirements
  • Perform primarily sedentary work with limited physical exertion and occasional lifting of up to 5 lbs.
  • Must be capable of climbing/descending stairs in emergency situation.
  • Must be able to operate routine office equipment including telephone, copier, facsimile, and calculator.
  • Must be able to routinely perform work on computer for an average of 6-8 hours per day.
  • Must be able to work extended hours whenever required or requested by management.
  • Must by capable of regular, reliable and timely attendance.
Working Conditions
  • Must be able to routinely perform work indoors in climate-controlled shared work area with moderate noise.
Mental and/or Emotional Requirements
  • Must be able to perform job functions with supervision and work effectively either on own or as part of a team.
  • Must be able to read and carry out various instructions and follow oral instructions.
  • Must be able to speak clearly and deliver information in a logical and understandable sequence.
  • Must be able to perform basic mathematical calculations with extreme accuracy.
  • Must be capable of dealing calmly and professionally with numerous different personalities from diverse cultures at various levels within and outside of the organization and demonstrate highest levels of customer service and discretion when dealing with the public.
  • Must be able to perform responsibilities with composure under the stress of deadlines/requirements for extreme accuracy and quality and/or fast pace.
  • Must be able to effectively handle multiple, simultaneous, and changing priorities.
  • Must be capable of exercising highest level of discretion on confidential matters.

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