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Contract Loan Processing Jobs (NOW HIRING)

Loan Processor

Plantation, FL · Remote

$19.25 - $25.50/hr

... contracts, and property tax records to help process mortgage loan files. · Prepare and submit detailed loan packages to the lender underwriting department for approval or denial. · Act as a liaison ...

Loan Processor

$100 - $200/hr

... contracts, and property tax records to help process mortgage loan files • Determine the best loan option for the borrower through interviewing and discussion • Act as a liaison between applicants ...

Loan Processor - Support

Boise, ID · On-site

$22.80 - $26.40/hr

... for a contract opportunity. The ideal candidate will manage residential refinance loans from processing through closing while ensuring compliance with agency and company guidelines. Key ...

New

Commercial Loan Processor

Toano, VA · On-site

$25 - $30/hr

LHH Recruitment Solutions is searching for a Loan Processor for a contract-to-hire, in office opportunity, near Williamsburg, VA. Schedule: Monday through Friday, 8:30 AM to 5:00 PM Contract Pay is ...

Commercial Loan Processor

Toano, VA · On-site

$25 - $30/hr

LHH Recruitment Solutions is searching for a Loan Processor for a contract-to-hire, in office opportunity, near Williamsburg, VA. Schedule: Monday through Friday, 8:30 AM to 5:00 PM Contract Pay is ...

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Contract Loan Processing information

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$13

$21

$30

How much do contract loan processing jobs pay per hour?

As of Jul 3, 2026, the average hourly pay for contract loan processing in the United States is $21.30, according to ZipRecruiter salary data. Most workers in this role earn between $18.03 and $24.04 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.

More about Contract Loan Processing jobs
What cities are hiring for Contract Loan Processing jobs? Cities with the most Contract Loan Processing job openings:
What are the most commonly searched types of Loan Processing jobs? The most popular types of Loan Processing jobs are:
What states have the most Contract Loan Processing jobs? States with the most job openings for Contract Loan Processing jobs include:
Supervisor Consumer Loan Processing

Supervisor Consumer Loan Processing

Hudson Valley Credit Union

Poughkeepsie, NY

Full-time

Medical, Dental, Vision, Life, Retirement

Posted 6 days ago


Hudson Valley Credit Union rating

8.6

Company rating: 8.6 out of 10

Based on 6 frontline employees who took The Breakroom Quiz


Job description

Overview

Hudson Valley Credit Union is currently recruiting for the position of Supervisor Consumer Loan Processing. Primary Function: supervise the daily operations and staff related to the processing and funding of indirect and direct consumer loans and home equity closings. Coordinate the workflow for assigned personnel, set deadlines, ensure procedures are compliant and followed and reviews the area processes and procedures for continuous improvement. Maintain the success of HVCU's Indirect Lending Program by working together with Consumer Lending Management and dealerships.


Responsibilities
  • Supervise the daily functions and staff responsible for processing and funding indirect and direct consumer loans, home equity loans and ensure timely turnaround on funding of loans and leases to maximize member and dealer experience. Respond to internal/external customers regarding complaints, problems, lending policy clarification and procedural issues.
  • Provide supervision, coaching, training, development, and performance evaluations of staff. Handleall human resource needs of department’s employees. Measure and coach staff in regards to productivity, quality, goals, and adherence to compliance. Conduct regular department meetings, one on one meetings and training sessions. Ensure team possesses a high level of individual accountability for delivering results within attainable deadlines and industry and regulatory standards. Interview and hire new staff as needed.
  • Monitor dealer contract volume, in addition to Direct and Home Equity volume to ensure adequate staffing. Communicate issues/needs to manager as necessary.
  • Maintain general knowledge of regulations governing consumer lending such as Truth in Lending, RESPA and TRID
  • Initiate and implement process and product improvements to enhance member experience, increase department efficiencies and increase loan growth.
  • Perform reconciliation of all Consumer Lending General Ledgers and ensure all items are cleared within 30 days.
  • Fund employee loans within authority.
  • Cover for Consumer Loan Servicing and Consumer Loan Underwriting Supervisors in their absence.
  • Work with Indirect Lenders to ensure satisfaction of the Indirect Lending Program, prepare dealer reserve reports on a daily/monthly basis. Handle dealer complaints and take appropriate action to resolve them.
  • Adhere to all Credit Union policies, procedures, and regulatory agency requirements. Participate in all required and recommended training and development including, but not limited to, Bank Secrecy Act training (BSA) and demonstrate attained knowledge. Participate on Credit Union teams, projects and strategic initiatives when the opportunity arises. Perform additional duties and special projects as assigned.
  • Embrace and apply HVCU’s guiding principles to all activities and responsibilities. This includes the Credit Union’s Mission, Vision, Core Values, Employee and Member Value Propositions, Sales and Service Model, and commitment to Lean Six Sigma practices. Support the Credit Union’s initiatives by demonstrating teamwork and professionalism.
  • Responsible for regular and predictable attendance including punctuality.

Qualifications
  • Associate’s Degree preferred
  • Minimum 2 Years Consumer, direct and indirect, and/or residential mortgage processing experience required

Click here to view full job description


Why Choose HVCU?

Join a team where your growth matters. At Hudson Valley Credit Union, we offer a supportive, community-focused culture, competitive benefits, and opportunities to grow your career while making a meaningful impact. Come be part of a Great Place to Work!  

Employee Perks: 

  • Base & Variable Pay Structures 
  • Paid Personal, Holiday & Volunteer Time Off 
  • Professional Development & Training 
  • Student Loan Repayment & Tuition Reimbursement Programs 
  • Medical, Dental & Vision Coverage 
  • 401(k) With Employer Match & Non-Elective Employer Contribution 
  • Life, Short-term & Long-term Disability Insurances 
  • Discounted Loan Rates & Fees 

Hudson Valley Federal Credit Union is an AA/EEO employer committed to equal opportunity and employee diversity. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, age, sexual orientation, gender identity, national origin, disability, military or veteran status, genetic information, marital or familial status, domestic violence victim status, or any other characteristic protected by law. 

Qualifications:
  • Associate’s Degree preferred
  • Minimum 2 Years Consumer, direct and indirect, and/or residential mortgage processing experience required

Click here to view full job description

Education:UNAVAILABLEEmployment Type: FULL_TIME

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