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

UFCU Main

Senior Mortgage Loan Processor

Austin, TX · On-site

This role assumes primary responsibility for the loan file and loan documentation from the receipt of the contract through closing/funding. The Senior Mortgage Loan Processor reports to the Senior ...

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

Contract Loan Processor information

See Georgetown, TX salary details

$12

$19

$28

How much do contract loan processor jobs pay per hour?

As of Aug 23, 2026, the average hourly pay for contract loan processor in Georgetown, TX is $19.79, according to ZipRecruiter salary data. Most workers in this role earn between $16.73 and $22.36 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 Georgetown, TX?

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

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

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

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

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

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

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

Contract Loan Processor jobs near you
Infographic showing various Contract Loan Processor job openings in Georgetown, TX as of August 2026, with employment types broken down into 1% As Needed, 80% Full Time, 16% Part Time, and 3% Contract. Highlights an 96% Physical, 2% Hybrid, and 2% Remote job distribution, with an average salary of $41,168 per year, or $19.8 per hour.

Indirect Loan Processor II

A+ Federal Credit Union

Austin, TX

$20.99/hr

Full-time

Posted 4 days ago

Job description

Indirect Loan Processor II

Job Type: Full-time/ Remote
Exemption Type: Non- Exempt
Wage Amount: $20.99 per hour minimum

Primary Function

The primary purpose of this position is to process and fund consumer indirect applications, including auto, recreational vehicle, solar, and merchant lending products. This role requires delivering exceptional service to dealerships, merchant lending partners, members, applicants, and internal team members. You will ensure compliance with legal requirements, lending regulations, and internal policies while serving as a subject matter expert and supporting the training of Level I team members.

Key Responsibilities

1. Indirect Loan Processing

  • Review electronically received contract packages for accuracy and completeness.
  • Contact dealers and partners to resolve funding issues promptly.
  • Process applications, verify stipulations and documentation, and prepare for funding.
  • Validate documents to prevent fraud.
  • Open indirect membership accounts and resolve related issues.
  • Fund and disburse loans, including deposits, proceeds, and dealer compensation.
  • Notify dealers and partners upon contract funding.
  • Handle inbound calls regarding pending or completed contracts.
  • Support outbound calls for loan verification and onboarding.
  • Process dealership payoff requests.
  • Resolve audit exceptions efficiently.

2. Department Support

  • Balance daily EFT totals and notify dealers.
  • Prepare and reconcile monthly dealer reserve reports.
  • Serve as a subject matter expert for indirect and merchant loan processing.
  • Make override or exception decisions within guidelines.
  • Assist with escalations and complex problem resolution.
  • Support training and coaching of Level I team members.
  • Lead team huddles and monthly dialogs.

3. Miscellaneous Duties

  • Consistently meet or exceed Level II performance expectations.
  • Maintain up-to-date knowledge through training and procedure reviews.
  • Participate in departmental projects and initiatives.
  • Represent the credit union at volunteer and community events.
  • Complete annual regulatory training.
  • Conduct quarterly performance dialogs with supervisor.
  • Perform other duties as assigned.
Education & Experience
  • High school diploma or GED required.
  • Bachelor’s degree preferred.
  • Minimum 3 years of experience in a financial institution or sales.
  • At least 1 year of experience in consumer lending or loan processing.
Knowledge, Skills & Abilities
  • Strong understanding of consumer loan products, policies, and regulations.
  • Proficient in indirect vehicle contracts and consumer loan documentation.
  • Familiarity with lending regulations (Reg B, ECOA, FACTA, FCRA, Reg Z, MLA, TILA).
  • Excellent verbal and written communication skills.
  • Professionalism, diplomacy, and tact.
  • Strong math and computer skills (MS Office proficiency).
  • Ability to work independently and collaboratively.
  • Effective problem-solving and conflict resolution skills.
Physical Requirements
  • Ability to work a minimum of 40 hours per week.
  • Frequent reaching, bending, stooping, and data entry.
  • Heavy communication via phone, email, and in-person.
  • Strong problem-solving capabilities in dynamic environments.

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