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Contract Loan Processing Jobs in Ohio (NOW HIRING)

Panorama Mortgage Group LLC

Processor

Strasburg, OH

$35K - $48K/yr

Loans are to be processed to meet purchase contract deadlines and rate lock expiration dates. * File submitted to closing department upon obtaining CTC - approval milestone. * Assist other processors ...

UNION HOME MORTGAGE

Loan Officer Assistant

Dublin, OH

$1 - $100/hr

... loan process, and supporting the managing loan officer from contact to contract as necessary in a fast-paced environment. At UHM, we understand diversity comes in many different forms. It's our ...

UNION HOME MORTGAGE CORP

Loan Officer Assistant

Dublin, OH · On-site

$1 - $100/hr

... loan process, and supporting the managing loan officer from contact to contract as necessary in a fast-paced environment. At UHM, we understand diversity comes in many different forms. It's our ...

Union Home Mortgage Corp.

Loan Officer Assistant

Dublin, OH · On-site

$36K - $49K/yr

... loan process, and supporting the managing loan officer from contact to contract as necessary in a fast-paced environment. At UHM, we understand diversity comes in many different forms. It's our ...

UNION HOME MORTGAGE

Loan Officer Assistant

Marion, OH

$32K - $44K/yr

... loan process, and supporting the managing loan officer from contact to contract as necessary in a fast-paced environment. At UHM, we understand diversity comes in many different forms. It's our ...

Union Home Mortgage Corp.

Loan Officer Assistant

Marion, OH · On-site

$32K - $44K/yr

... loan process, and supporting the managing loan officer from contact to contract as necessary in a fast-paced environment. At UHM, we understand diversity comes in many different forms. It's our ...

UNION HOME MORTGAGE CORP

Loan Officer Assistant

Marion, OH

$32K - $44K/yr

... loan process, and supporting the managing loan officer from contact to contract as necessary in a fast-paced environment. At UHM, we understand diversity comes in many different forms. It's our ...

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All JobsContract Loan Processing JobsContract Loan Processing Jobs in Ohio

Contract Loan Processing information

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$13

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$29

How much do contract loan processing jobs pay per hour?

As of Aug 31, 2026, the average hourly pay for contract loan processing in Ohio is $20.25, according to ZipRecruiter salary data. Most workers in this role earn between $17.16 and $22.84 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 Ohio?

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

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

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

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

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

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

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

Contract Loan Processing jobs near you

Processor

Panorama Mortgage Group LLC

Strasburg, OH

$35K - $48K/yr

Full-time

Posted 11 days ago

Job description

Description

The Loan Processor takes ownership of Residential Mortgage loan files after Origination and works to fulfill the requirements to advance them to Closing.? This includes obtaining, reviewing, and assembling documentation, along with preparing and submitting files.? Loan Processors work closely with Customers, Loan Officers, and both internal and external partners providing a high level of service in a professional manner.


Key Responsibilities:  

  • Review new files within 48 hours of receipt and verify that compliance documents were issued within proper time frame. Notify the appropriate staff member if additional documentation or information is needed. 
  • Maintain a pipeline of 25 or more loan files 
  • Order all necessary documents to satisfy AUS findings, investor and agency requirements. 
  • Verify, Review and track all requested documents in Encompass. 
  • Review documentation received within 24 hours of receipt and follow up in the event of discrepancies or omitted data. ?During documentation review, if any discrepancies are identified immediately notify Loan Originator or appropriate team member. 
  • Use documentation to perform functions, such as calculating verified income or verifying assets, and update Encompass accordingly. 
  • Review, organize and prepare loan for underwriting submission. 
  • Clear any approval or suspense conditions as outlined by the underwriter, or closer. 
  • Ensure that all appropriate closing documentation is in the loan file (i.e. title documentation, homeowners' insurance & third-party invoices). Documents are to be reviewed within 24 hours of receipt and communicated with Loan Originators. 
  • Loans are to be processed to meet purchase contract deadlines and rate lock expiration dates. 
  • File submitted to closing department upon obtaining CTC - approval milestone. 
  • Assist other processors, Underwriters and Closing departments as needed. 
  • Respond to customer inquiries and other related parties on a transaction as determined by Loan Originator. 
  • Assist with the clearing of post-closing conditions received to avoid any financial loss. 
  • Knowledge of current state's regulatory lending laws and requirements. 
  • Experience using Government sites for VA and FHA files to place orders and obtain case numbers. 
  • Maintain a focus on enhancing customer service skills and knowledge. 
  • Ensure KPI's are met set forth by the branch manager or corporate processing manager. 
  • Maintain quality and data integrity of all loan files. 
  • Perform other duties as assigned. 

Requirements

 Education/Experience:?? 

  • High School Diploma or Equivalent 
  • Knowledge of Freddie Mac, Fannie Mae and FHA/VA guidelines 
  • Knowledge of general federal and state mandated consumer disclosure requirements 
  • Familiarity with automated underwriting technology i.e., Fannie Mae Desktop Underwriter and Freddie Mac Loan Prospector 
  • Proficient in data entry and management 
  • One (1) to Three (3) years recent loan processing experience in the mortgage industry required 
  • Familiarity with TILA / RESPA Integrated Disclosure (TRID) 
  • Sound judgment and decision-making skills 
  • Ability to work under pressure and meet deadlines with minimal supervision 
  • Excellent customer service skills 
  • Excellent organizational skills 
  • Experience using Encompass 
  • Timely communication and response times according to department standards 

Language:  

  • English preferred, Bi-Lingual (English/Spanish) desired.

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