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Contract Loan Processor Jobs in Boca Raton, FL (NOW HIRING)

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 ...

Turbo Homes

Senior Loan Officer

Fort Lauderdale, FL · On-site

$44K - $525K/yr

Turbo Home Loans is a high-growth mortgage brokerage operating as part of a fully integrated real ... Full contract-to-close team -- disclosures, processing, and coordination handled internally ...

Grieco Automotive Group

F & I Manager

Delray Beach, FL · On-site

... and loan processors; obtaining stipulations when required; approves or rejects loan. * Verifies automobile purchase information by reviewing sales contract data; conferring with sales department ...

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All JobsContract Loan Processor JobsContract Loan Processor Jobs in Boca Raton, FL

Contract Loan Processor information

See Boca Raton, FL salary details

$13

$20

$29

How much do contract loan processor jobs pay per hour?

As of Jul 12, 2026, the average hourly pay for contract loan processor in Boca Raton, FL is $20.21, according to ZipRecruiter salary data. Most workers in this role earn between $17.12 and $22.79 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.

What are the most commonly searched types of Loan Processor jobs in Boca Raton, FL? The most popular types of Loan Processor jobs in Boca Raton, FL are:
What are popular job titles related to Contract Loan Processor jobs in Boca Raton, FL? For Contract Loan Processor jobs in Boca Raton, FL, the most frequently searched job titles are:
What job categories do people searching Contract Loan Processor jobs in Boca Raton, FL look for? The top searched job categories for Contract Loan Processor jobs in Boca Raton, FL are:
What cities near Boca Raton, FL are hiring for Contract Loan Processor jobs? Cities near Boca Raton, FL with the most Contract Loan Processor job openings:
Contract Loan Processor jobs near you
Infographic showing various Contract Loan Processor job openings in Boca Raton, FL as of July 2026, with employment types broken down into 1% As Needed, 66% Full Time, 18% Part Time, 1% Temporary, and 14% Contract. Highlights an 81% Physical, 2% Hybrid, and 17% Remote job distribution, with an average salary of $42,047 per year, or $20.2 per hour.

Loan Processor

Rize Mortgage

Plantation, FL • Remote

$19.25 - $25.50/hr

Full-time

Posted 4 days ago

Job description

Job Title

Loan Processor

Reports To

Manager

Job Overview

A mortgage loan processor gathers, prepares, and submits relevant information to evaluate a potential loan applicant’s creditworthiness and eligibility for commercial loans or real estate loans. Loan processors meet with applicants to understand their loan product needs and liaise between applicants, real estate agents, financial institutions/ lending institutions, lending underwriters, and mortgage loan officers. They verify and evaluate loan documentation such as debt-to-income ratios, credit reports, credit history, income sources, and property documents to prepare and submit detailed loan applications and loan file packages. Most mortgage processors work at a lending institution office.

Responsibilities and Duties

· Interview prospective loan applicants and assist them in finding the best loan products for their needs.

· Work with the borrower to gather financial information such as credit reports, verify the accuracy to determine creditworthiness, and complete the mortgage loan application.

· Order property and loan documentation such as appraisals, inspections, title searches, site surveys, 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 between applicants, mortgage brokers and loan officers, real estate agents, and mortgage lending underwriters to help further loan approval.

· Ensure loan files meet lending and regulatory guidelines and policies.

· Maintain detailed documentation of the process in our system - from origination to close.

Qualifications

· High school diploma or GED required - Associate’s degree in accounting, finance, or business preferred

Work Experience Required:

· Minimum of 2+ years loan processing experience required.

· Experience in mortgage lending and knowledge of loan types, such as FHA, FHLB, FNMA, or VA loans required.

· Must have excellent written and verbal communication skills.

· Strong analytical and time management skills and superior attention to detail