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Contract Loan Processor Jobs in Dallas, TX (NOW HIRING)

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 ...

MONEY INC

Loan Processor

Fort Worth, TX · On-site

$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 ...

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All JobsContract Loan Processor JobsContract Loan Processor Jobs in Dallas, TX

Contract Loan Processor information

See Dallas, TX salary details

$13

$21

$30

How much do contract loan processor jobs pay per hour?

As of Sep 6, 2026, the average hourly pay for contract loan processor in Dallas, TX is $21.07, according to ZipRecruiter salary data. Most workers in this role earn between $17.84 and $23.80 per hour, depending on experience, location, and employer.

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 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 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 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.

How do you become a contract loan processor?

To become a contract loan processor, you typically need a high school diploma or equivalent, along with experience in loan processing or related administrative roles. Familiarity with loan software and strong attention to detail are important, and some employers may prefer candidates with a certification in loan processing or mortgage underwriting.

How much do entry level contract loan processors make?

Entry-level contract loan processors typically earn between $15 and $20 per hour, depending on location and employer. Starting salaries may also include benefits such as flexible schedules and training in loan processing software.

What are the most commonly searched types of Loan Processor jobs in Dallas, TX?

The most popular types of Loan Processor jobs in Dallas, TX are:

What are popular job titles related to Contract Loan Processor jobs in Dallas, TX?

For Contract Loan Processor jobs in Dallas, TX, the most frequently searched job titles are:

What job categories do people searching Contract Loan Processor jobs in Dallas, TX look for?

The top searched job categories for Contract Loan Processor jobs in Dallas, TX are:

What cities near Dallas, TX are hiring for Contract Loan Processor jobs?

Cities near Dallas, TX with the most Contract Loan Processor job openings:

Contract Loan Processor jobs near you
Infographic showing various Contract Loan Processor job openings in Dallas, TX as of August 2026, with employment types broken down into 1% As Needed, 83% Full Time, 12% Part Time, and 4% Contract. Highlights an 95% Physical, 2% Hybrid, and 3% Remote job distribution, with an average salary of $43,831 per year, or $21.1 per hour.

Loan Processor

MONEY INC

Fort Worth, TX

$18 - $24/hr

Full-time

Re-posted 4 days ago

Job description

We are searching for an experienced and highly-analytical loan processor to conduct assessments of business and individual loans. You will act as the liaison between potential clients and our growing financial institution, conducting client evaluations, researching credit records, and preparing loan package documentation.

In this position, your chief goal will be to help eligible applicants obtain loans in a timely and professional manner while protecting our institution's credibility. The successful candidate will demonstrate an in-depth knowledge of relevant rules and regulations. You should also have strong attention to detail with excellent communication and interpersonal abilities.

Responsibilities:

  • Collect and prepare all necessary documentation for the loan package.
  • Research applicant credit status and current financial position.
  • Prepare and maintain all paperwork for existing and new loans, including loan disclosures.
  • Create repayment plans.
  • Complete loan contracts and ensure clients are kept informed of the rules and requirements.
  • Work with clients to establish their needs and recommend suitable types of loans.
  • Submit files to the designated Underwriter.
  • Conduct interviews to assess client eligibility for loans or mortgages.
  • Ensure you comply with the established regulations and law requirements.
  • Follow-up with clients to verify important information.

Requirements:

  • Bachelor’s degree in finance or relevant field.
  • A minimum of 2 years’ experience as a Loan Processor or similar role.
  • In-depth knowledge of closing procedures, loan processes, and documentation.
  • Good understanding of banking computer software and MS Office.
  • Excellent interpersonal and communication skills.
  • Good multitasking abilities with outstanding time management skills.