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Contract Loan Processing Jobs in Wisconsin (NOW HIRING)

Novus Home Mortgage

Mortgage Loan Processor

Madison, WI · On-site

$25 - $32/hr

Pre-process and pre-underwrite loans before they go under contract, catching potential issues early so nothing slows the file down later Own non-licensed loan activity from application through ...

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All JobsContract Loan Processing JobsContract Loan Processing Jobs in Wisconsin

Contract Loan Processing information

See Wisconsin salary details

$13

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$31

How much do contract loan processing jobs pay per hour?

As of Aug 11, 2026, the average hourly pay for contract loan processing in Wisconsin is $21.50, according to ZipRecruiter salary data. Most workers in this role earn between $18.17 and $24.28 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 Wisconsin? The most popular types of Loan Processing jobs in Wisconsin are:
What are popular job titles related to Contract Loan Processing jobs in Wisconsin? For Contract Loan Processing jobs in Wisconsin, the most frequently searched job titles are:
What job categories do people searching Contract Loan Processing jobs in Wisconsin look for? The top searched job categories for Contract Loan Processing jobs in Wisconsin are:
What cities in Wisconsin are hiring for Contract Loan Processing jobs? Cities in Wisconsin with the most Contract Loan Processing job openings:
Contract Loan Processing jobs near you

Commercial Loan Processor - Job #3751

BritePros Medical Staffing

Waukesha, WI • On-site

Full-time

Re-posted 3 days ago

Job description

Commercial Loan Processor – To $75K – Waukesha, WI – Job # 3751

Who We Are
The Symicor Group is a boutique talent acquisition firm based in Schaumburg, IL & Rockport, TX. Our nationally unique value proposition centers around providing the very best available banking and accounting talent. In fact, most of our recruiters are former bankers or accountants themselves!
We know how to evaluate the very best banking and accounting talent available in the market. Whether you are a candidate seeking a new opportunity or a bank or company president trying to fill an essential position, The Symicor Group stands ready to deliver premium results for you.
The Position
Our bank client is seeking to fill a Commercial Loan Processor role located in the Waukesha, WI area. The position is responsible for the preparation, accuracy, and completeness of commercial loan packages, using the Bank’s documentation system and procedures. The candidate will be processing and preparing commercial loan products, as assigned.

The opportunity has a generous salary of up to $75K and a full benefits package. (This is not a remote position.)

Commercial Loan Processor Responsibilities include:
  • Processing commercial loan requests for both new and renewal loans using prescribed procedures and software.
  • Making an initial review of the loan approval (Profile), using information available on the loan processing software system and credit file, obtaining required information for underwriting, and preparing loan closing documents.
  • Preparing all necessary loan documents including Promissory Note, Business Loan Agreement, Construction Loan Agreement, Disbursement Request and Authorization, Resolutions, and Loan Checklist using information from the loan application, profile, and title policy.
  • Confirming loan approval authority as defined by bank policy; review and obtain an understanding of the loan transaction from the Loan Profile.
  • Determining that initial underwriting documentation is present according to the approval document.
  • Reviewing credit files and determining additional documentation needs to support underwriting requirements, such as entity papers, credit reports, purchase contracts, lien searches, title work, appraisal or evaluation, environmental questionnaire, survey, life insurance, and property liability insurance.
  • Ordering supporting documentation from approved vendors and working with loan officers or customers as needed.
  • Renewal loan processing includes entering the loan into loan software and working with the servicing loan officer to move the approved credit to close.
  • Communicating results of documentation review and any processing issues to the loan officer on a timely basis.
  • Balancing transactions and preparing all general ledger tickets and cashier’s checks for disbursement.
  • Preparing wire forms, wire tickets, and authorizing wires for loan proceeds.
  • Processing loan file post-closing, including preparation and delivery of the instruction letter and the closing packet to the title company if needed.
  • Assisting with additional loan operation roles, as requested or necessary.

Who Are You?
You’re someone who wants to influence your own development. You’re looking for an opportunity where you can pursue your interests and your passion. Where a job title is not considered the final definition of who you are, but merely the starting point for your future.

You also bring the following skills and experience:
  • High School Diploma or equivalent required; two (2) year degree or higher preferred.
  • Two or more years of experience in commercial loan document preparation and/or document processing.
  • Understanding of the required documentation for commercial term loans and lines of credit, and the associated collateral documentation.
  • Ability to prioritize work on complex loan transactions to meet scheduled loan closing dates.
  • Knowledge of compliance requirements for commercial borrowers.
  • Knowledge of related state and federal lending and compliance laws and regulations, and other Bank lending policies.
  • Highly accurate data entry skills and a strong level of skill working with a variety of PC and internet applications, including LaserPro, Excel, Word, and PowerPoint, and the ability to navigate key industry-specific Internet sites.
  • Strong multi-tasking, time management, thoroughness, and accuracy skills required.
  • Solid communication and organizational skills with a focus on teamwork and cooperation.
  • A high level of confidentiality is required.
  • Ability to work under deadlines with frequent interruption.

The next step is yours. Email us your current resume along with the position you are considering to:

resumes@symicorgroup.com