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Contract Loan Processing Jobs in Tennessee (NOW HIRING)

LP Finance

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Loan Processing Specialist

Johnson City, TN · On-site

$17 - $19/hr

Must have Loan Processing experience Job Responsibilities: * Develop and maintain productive ... Verify contract has all borrowers' signatures, email borrowers a copy of contract. * Verify ...

Waterstone Mortgage

Mortgage Loan Processor

Knoxville, TN · On-site

$38K - $52K/yr

In this role, you'll own the loan setup phase once a borrower goes under contract, partnering ... Responsible for all borrower conditions and contact from receipt in processing to closing

Waterstone Mortgage

Mortgage Loan Processor

Knoxville, TN · On-site

$34K - $47K/yr

In this role, you'll own the loan setup phase once a borrower goes under contract, partnering ... Responsible for all borrower conditions and contact from receipt in processing to closing

Centralized Allocations

Contract Analyst

Lebanon, TN · On-site

Contribute to continuous process improvement initiatives that increase modeling accuracy ... Education support through tuition assistance, student loan assistance, certification support ...

Lennar

VP Division Manager

Nashville, TN · On-site

Lead and direct processing and Home Loan Advisors in the implementation of new programs and systems ... Take mortgage loan applications for homebuyers that have signed a purchase contract. * Communicate ...

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How much do contract loan processing jobs pay per hour?

As of Aug 8, 2026, the average hourly pay for contract loan processing in Tennessee is $19.33, according to ZipRecruiter salary data. Most workers in this role earn between $16.35 and $21.83 per hour, depending on experience, location, and employer.

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.

Is contract loan processing a hard job?

Contract loan processing can be challenging due to the need for attention to detail, understanding of loan documents, and adherence to regulations. The role often requires strong organizational skills, familiarity with loan software, and the ability to handle multiple tasks within tight deadlines.

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 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 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 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 Tennessee? The most popular types of Loan Processing jobs in Tennessee are:
What are popular job titles related to Contract Loan Processing jobs in Tennessee? For Contract Loan Processing jobs in Tennessee, the most frequently searched job titles are:
What job categories do people searching Contract Loan Processing jobs in Tennessee look for? The top searched job categories for Contract Loan Processing jobs in Tennessee are:
What cities in Tennessee are hiring for Contract Loan Processing jobs? Cities in Tennessee with the most Contract Loan Processing job openings:
Contract Loan Processing jobs near you
Infographic showing various Contract Loan Processing job openings in Tennessee as of August 2026, with employment types broken down into 80% Full Time, 15% Part Time, 1% Temporary, 3% Contract, and 1% Nights. Highlights an 92% Physical, 3% Hybrid, and 5% Remote job distribution, with an average salary of $40,215 per year, or $19.3 per hour.

Loan Processing Specialist

LP Finance

Johnson City, TN • On-site

$17 - $19/hr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Re-posted 8 days ago

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Job description

LP Finance Group, LLC. is currently seeking qualified candidates for a Loan Processing Specialist position. This position is full-time and reports directly to the company’s Credit Underwriter.


Must have Loan Processing experience


Job Responsibilities:

  • Develop and maintain productive working relationships with internal and external customers.
  • Maintain acceptable turnaround time to achieve volume targets (to be determined)
  • Complete processing/audit of loan file from finance department, verify all required underwriting documentation per loan plan policy has been collected and verified for all borrowers.
  • Verify contract has all borrowers’ signatures, email borrowers a copy of contract.
  • Verify Conditions checklist has been completed/satisfied and all tasks completed, executed by parties completing task.
  • Review documentation provided by borrowers and discussed any discrepancies or missing information with the underwriter.
  • After verification has been completed and audit is a pass, enter loan into loan servicing software to set up new loan with first payment date, deliver file to loan servicing department to be filed.
  • Follow up completed email to borrower confirming method of payment established, first payment date, payment amount, and contact information for LP Finance and Contract information for related Warranty department.
  • FUTURE USE: Scan complete file into electronic file storage within infinity for borrower.
  • General duties including assistance with customers, problem resolution, phone and written correspondence
  • All other assigned duties related to position or assigned by management


Qualifications:

Extensive PC skills include but not limited to: Salesforce, Microsoft Excel, Microsoft Word, PowerPoint, and Outlook.

  • 1 yr. plus work experience in Loan Processing, Loan specialist, Auditing or a commensurate field.
  • Professional verbal and written communication skills
  • World class customer service skills and a positive attitude
  • Excellent organization, attention to detail, problem solving skills and time management skills
  • High energy and the ability to multitask in a fast paced, evolving environment
  • Must be responsible, Ability to meet deadlines and hold yourself and your Team Members accountable, hold a high sense of urgency
  • Ability to work well independently as well as part of a team
  • Must be a self-starter, detail oriented and can work well under pressure managing time constraints.
  • Must be able to work a flexible schedule during seasonal months which may include some evening and weekend hours.
  • High school graduate or equivalent
  • Schedule of Monday through Friday 8:00 a.m. to 5:00 p.m. with some requirement to work evening and weekend hours during peak season.
  • Health, dental, vision and supplemental benefits
  • 401(k)
  • Paid holidays and time off.