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Contract Loan Processor Jobs (NOW HIRING)

Legacy Mortgage Loans Inc

Loan Processor

San Fernando, CA · On-site

$20 - $30/hr

Complete loan contracts * Assist clients in understanding the terms and conditions of their ... Previous experience as a Loan Processor is preferred * Familiarity with Microsoft Excel, databases ...

MONEY INC

Loan Processor

Fort Worth, TX

$18 - $24/hr

Complete loan contracts and ensure clients are kept informed of the rules and requirements. * Work ... A minimum of 2 years' experience as a Loan Processor or similar role. * In-depth knowledge of ...

Rize Mortgage

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 ...

Rize Mortgage

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 ...

First National Bank USA

Be Seen First

Loan Processor

Boutte, LA · On-site

$40K - $60K/yr

Complete loan contracts and ensure clients are kept informed of the rules and requirements ... A minimum of 2 years' experience as a Loan Processor or similar role. * In-depth knowledge of ...

MONEY INC

Loan Processor

Fort Worth, TX

$18 - $24/hr

Complete loan contracts and ensure clients are kept informed of the rules and requirements. * Work ... A minimum of 2 years' experience as a Loan Processor or similar role. * In-depth knowledge of ...

US Realty & Mortgage Inc

Loan Processor

Whittier, CA · On-site

$2.0K - $4.0K/mo

Loan processor duties and responsibilities will include analysis of the loan file from initial ... contract and escrow instructions if purchase transaction) * Analyze all forms of income ...

Boutique Recruiting

Loan Processor

Irvine, CA

$20.25 - $26.75/hr

Finalize loan contracts and keep clients informed in rules and obligations * Remain up to speed ... Loan Processor role * BSc degree in finance, economics, or a related field * Comprehension of ...

US Realty & Mortgage Inc

Loan Processor

Whittier, CA · On-site

$2.0K - $4.0K/mo

Loan processor duties and responsibilities will include analysis of the loan file from initial ... contract and escrow instructions if purchase transaction) * Analyze all forms of income ...

First National Bank USA

Be Seen First

Loan Processor

New Orleans, LA · On-site

$40K - $60K/yr

Complete loan contracts and ensure clients are kept informed of the rules and requirements ... A minimum of 2 years' experience as a Loan Processor or similar role. * In-depth knowledge of ...

First Bank

Loan Processor

Clewiston, FL

$17.50 - $23.25/hr

The Mortgage Loan Processor/Closer is responsible for the end-to-end processing, compliance ... Prepares all construction closing documents in accordance with the construction contract and bank ...

First Bank

Loan Processor

Clewiston, FL · On-site

$17.50 - $23.25/hr

Summary: The Mortgage Loan Processor/Closer is responsible for the end-to-end processing ... Prepares all construction closing documents in accordance with the construction contract and bank ...

Robert Half

Loan processor

Edwardsville, IL · On-site

$20.90 - $24.20/hr

We are looking for a detail-oriented Loan Processor to support consumer lending operations in ... This Long-term Contract opportunity is ideal for someone who enjoys combining customer service with ...

Tri Pointe Homes Holdings, Inc.

Loan Processor

Scottsdale, AZ · On-site

$19 - $25.25/hr

Loan Processors at Tri Pointe Connect work closely with homebuyers, loan consultants, and ... contract close of escrow deadlines * Maintain updated communication logs or other status reports as ...

Total Mortgage Services LLC

Loan Processor

West Hartford, CT · On-site

$19 - $25.50/hr

Job Title: Loan Processor Department: Processing Location: Hybrid/Remote - CT based Position ... Manage pipeline to ensure critical dates are met including contingency, contract closing, and lock ...

Sharp Mortgages, Inc.

Loan Processor

Jacksonville, FL · On-site

$60K/yr

Onboard all newly received contracts for Rate Lock Consultation * Be able to prepare Loan Estimates ... Coordinate closely with loan processing teams * Contact borrowers, attorneys, and realtors 24 hours ...

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All JobsContract Loan Processor Jobs

Contract Loan Processor information

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$13

$21

$30

How much do contract loan processor jobs pay per hour?

As of Jul 17, 2026, the average hourly pay for contract loan processor 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.

How much does a loan officer make on a $500,000 loan?

A contract loan processor or loan officer typically earns a commission or fee based on the loan amount, often around 0.5% to 1% of the loan value. For a $500,000 loan, this could translate to $2,500 to $5,000 in fees or commissions, depending on the company's compensation structure and the specific role involved.

Will MLO be replaced by AI?

A Mortgage Loan Originator (MLO) role involves client interaction, assessing financial information, and guiding borrowers through the loan process, which currently requires human judgment and communication skills. While AI tools can assist with data analysis and document processing, they are unlikely to fully replace MLOs in the near future due to the need for personalized service and complex decision-making. MLOs may increasingly use AI to improve efficiency but will continue to play a vital role in mortgage lending.

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 some common challenges faced by Contract Loan Processors, and how can they be addressed?

Contract Loan Processors often encounter challenges such as fluctuating loan volumes, tight deadlines, and frequent changes in lending regulations. Meeting these demands requires strong organizational skills and the ability to adapt quickly to new processes or software. Building effective communication with loan officers, underwriters, and clients is essential for resolving documentation issues promptly and ensuring smooth loan processing. Staying updated on industry guidelines and maintaining meticulous attention to detail can help mitigate errors and delays, ultimately leading to successful loan closures.

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 strong knowledge of mortgage loan products, compliance regulations, and experience with loan processing, typically supported by a high school diploma or equivalent. Familiarity with loan origination systems (LOS) like Encompass or Calyx, and understanding of automated underwriting systems (AUS), is crucial. Excellent organizational skills, attention to detail, and effective communication with clients and team members set top performers apart. These competencies ensure efficient, accurate loan processing while maintaining regulatory compliance and client satisfaction.

What does a Contract Loan Processor do?

A Contract Loan Processor is a professional who temporarily works with mortgage lenders or brokers to process loan applications. They review and verify all documentation, such as income, credit reports, and property details, to ensure they meet lending requirements. Contract Loan Processors often work independently or through agencies, providing their services on a per-loan or short-term basis. Their main goal is to help facilitate smooth and timely loan approvals by coordinating between borrowers, lenders, and underwriters.

What is a contract loan processor?

A contract loan processor is a professional responsible for reviewing and verifying loan applications, ensuring all required documentation is complete and accurate. They work within lending institutions to facilitate the approval process, often using loan processing software and adhering to regulatory guidelines. This role typically involves strong attention to detail and knowledge of loan programs and underwriting standards.

What is the difference between Contract Loan Processor vs Underwriter?

AspectContract Loan ProcessorUnderwriter
CredentialsTypically requires a high school diploma or equivalent; certifications like NMLS may be preferredOften requires mortgage or financial certifications; some roles need a license or specific underwriting training
Work EnvironmentOffice setting, processing loan documents, communicating with clients and lendersOffice setting, assessing risk, reviewing loan applications and supporting documents
Industry UsageCommonly employed in mortgage and lending companiesUsed across mortgage, banking, and financial institutions

The main difference is that Contract Loan Processors handle the initial processing and documentation of loans, while Underwriters evaluate the risk and approve or deny loan applications. Both roles are essential in the mortgage industry and often work closely together to ensure loan approval processes are efficient and compliant.

More about Contract Loan Processor jobs
What cities are hiring for Contract Loan Processor jobs? Cities with the most Contract Loan Processor job openings:
What are the most commonly searched types of Loan Processor jobs? The most popular types of Loan Processor jobs are:
What states have the most Contract Loan Processor jobs? States with the most job openings for Contract Loan Processor jobs include:
What job categories do people searching Contract Loan Processor jobs look for? The top searched job categories for Contract Loan Processor jobs are:
Contract Loan Processor jobs near you
Infographic showing various Contract Loan Processor job openings in the United States as of July 2026, with employment types broken down into 1% As Needed, 62% Full Time, 19% Part Time, 1% Temporary, and 17% Contract. Highlights an 80% Physical, 2% Hybrid, and 18% Remote job distribution, with an average salary of $44,308 per year, or $21.3 per hour.

Junior Loan Processor - Bilingual

Irizarry & Associates

Orlando, FL • Remote

$36K/yr

Contractor

Posted 16 days ago

Job description

***Looking for Junior Mortgage Loan Processor***

Will assist Loan Processing team and Loan Officers with answering phones, preparing files, collecting conditions and overall assistance to help throughout the loan process.

Job Duties:

· Responsible for providing support to Loan Officer's.

· Working directly with borrowers and the LO to get the file ready for submission.

· Assisting senior processors with clearing internal conditions, CD's and LE's.

· Primary focus of the position is to manage the clerical/administrative and loan processing duties.

· Requesting fees from escrow and uploading fees into the LOS.

· Requesting disclosures from the disclosure team.

Job Requirements:

· Excellent time management skills.

· Provide accurate, valid and complete information.

· Demonstrate excellence in internal/external customer service.

· Excellent verbal and written communication.

· Ability to comprehend and follow directions.

· Strong attention to detail.

· Customer service focused.

· Strong PC skills including ability to troubleshoot common problems.

· Loan Officer assistant with a minimum of 3 years experience

· Bilingual Spanish speaking is a MUST

· Ability to multitask: managing multiple calendars, etc.

· Be cheerful, positive, direct and have a clear speaking voice in dealing with clients on the phone

· Must be extremely coach-able

· Ability to follow a daily checklist

· Must welcome flexible hours

· Adept in Microsoft Office

· Must have ability to calculate income

· Knowledgeable in running D/U and LP

· Must be familiar with home loan application process using Calyx Software

· NMLS license # REQUIRED

The Junior Loan Processor works directly with and supports the loan processing team and loan origination staff (loan officers, sales managers etc.). By working collaboratively with the loan origination staff and processing team, a successful Junior Loan Processor must posses current product knowledge of most loan programs and will be able to communicate loan requirements with customers, processors and loan officers.

This job may require frequent sitting or standing for long periods of time. This is a 1099 Contract Loan Processing position with an option to process for outside LO’s. This job profile is not intended to be an all-inclusive list of job duties and responsibilities, as one may perform additional related duties as assigned in order to meet the needs of the organization.