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Contract Mortgage Processing Jobs in Wisconsin (NOW HIRING)

Mortgage Loan Processor

Madison, WI · On-site

$25 - $32/hr

Pre-process and pre-underwrite loans before they go under contract, catching potential issues early ... maintain the mortgage loan file, and assist in clearing underwriting conditions as requested ...

Waterstone Mortgage was recently named the #2 Best Company to Work For by Mortgage Executive ... Faster than average closings (27 days from contract to close on average, published by Ellie Mae)

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Contract Mortgage Processing information

See Wisconsin salary details

$12

$21

$33

How much do contract mortgage processing jobs pay per hour?

As of Aug 29, 2026, the average hourly pay for contract mortgage processing in Wisconsin is $21.04, according to ZipRecruiter salary data. Most workers in this role earn between $16.01 and $20.14 per hour, depending on experience, location, and employer.

What is contract mortgage processing?

Contract mortgage processing involves outsourcing the mortgage loan processing function to third-party professionals or firms. These specialists handle tasks such as collecting borrower documentation, verifying information, coordinating with lenders and underwriters, and ensuring compliance with regulations. This service helps mortgage companies and lenders improve efficiency, reduce overhead costs, and manage variable workloads. Contract processors work on a per-loan or contract basis, without being direct employees of the lending institution.

What are the key skills and qualifications needed to thrive as a contract mortgage processor?

To thrive as a Contract Mortgage Processor, you need a solid understanding of loan processing procedures, mortgage industry regulations, and document verification, typically supported by experience in finance or real estate. Familiarity with loan origination systems (LOS) such as Encompass, as well as knowledge of compliance software and automated underwriting systems, is crucial. Attention to detail, strong organizational skills, and effective communication are vital soft skills for managing complex paperwork and collaborating with lenders and borrowers. These skills ensure accurate, timely processing of mortgage applications, minimize errors, and facilitate smooth transactions for clients and financial institutions.

What are some common challenges faced by contract mortgage processors, and how can they be managed effectively?

Contract mortgage processors often encounter challenges such as managing fluctuating workloads, keeping up with frequently changing regulations, and ensuring accurate, timely document collection from clients. To manage these challenges, it's important to establish strong organizational systems, stay current on industry updates, and maintain clear communication with loan officers, underwriters, and borrowers. Utilizing workflow management tools and building solid relationships with team members can also help streamline processes and improve efficiency in this dynamic environment.

What is the difference between Contract Mortgage Processing vs Mortgage Underwriting?

AspectContract Mortgage ProcessingMortgage Underwriting
Primary RolePrepares and reviews mortgage documents, verifies borrower information, and ensures application completeness.Assesses risk, reviews financial data, and approves or denies loan applications based on creditworthiness.
Required CredentialsTypically requires mortgage processing experience, knowledge of loan documentation, and sometimes certification.Requires underwriting experience, knowledge of lending guidelines, and often certifications like DE or LAPP.
Work EnvironmentOffice-based, often within banks, lenders, or mortgage companies.Office-based, within lending institutions or underwriting firms.

Contract Mortgage Processing focuses on preparing and verifying mortgage documents, while Mortgage Underwriting evaluates borrower risk and makes approval decisions. Both roles are essential in the mortgage lending process but differ in responsibilities and expertise required.

How to become a contract mortgage processing?

To become a contract mortgage processor, candidates typically need a high school diploma or equivalent, along with experience in mortgage or financial processing. Familiarity with loan software and strong attention to detail are important, and some roles may require industry certifications such as the Mortgage Loan Originator (MLO) license. Contract positions often require the ability to work independently and meet deadlines in a remote or flexible environment.

Is contract mortgage processing a stressful job?

Contract mortgage processing can be stressful due to tight deadlines, high accuracy requirements, and the need to manage multiple applications simultaneously. The role often involves detailed documentation, communication with clients and lenders, and working under pressure to meet closing dates.

What are the most commonly searched types of Mortgage Processing jobs in Wisconsin?

The most popular types of Mortgage Processing jobs in Wisconsin are:

Infographic showing various Contract Mortgage Processing job openings in Wisconsin as of August 2026, with employment types broken down into 1% As Needed, 81% Full Time, 13% Part Time, 1% Temporary, 3% Contract, and 1% Nights. Highlights an 92% Physical, 3% Hybrid, and 5% Remote job distribution, with an average salary of $43,762 per year, or $21 per hour.

Mortgage Loan Processor

Novus Home Mortgage

Waukesha, WI

$32/hr

Full-time

Re-posted 2 days ago


Job description

Are you looking to work alongside an industry-leading mortgage team with unlimited growth opportunities?  Today, you can apply with one of the fastest-growing mortgage teams in Dane County, WI — a top 10% loan production team nationwide, licensed in all 50 states. We're hiring a Loan Processor who wants to grow with us for years to come — with direct mentorship, a per-closed-loan bonus, and real career runway. Accomplish meaningful work inspired by a people-oriented philosophy.

This is a non-licensed position with real room to develop your career, direct mentorship from a top-producing originator, and a compensation structure that rewards you for contributing to the team's growth — including a per-closed-loan bonus on top of your base pay.

If you're a detail-oriented, deadline-driven professional who takes pride in giving clients a smooth, stress-free experience from accepted offer to closing day, we want to talk to you.

Compensation:

$25 - $32 hourly


Responsibilities:
  • Pre-process and pre-underwrite loans before they go under contract, catching potential issues early so nothing slows the file down later

  • Own non-licensed loan activity from application through closing, acting as the borrower's go-to point of contact throughout their transaction

  • Obtain and verify that all loan documentation, such as title insurance, appraisals, loan applications, credit reports, and income and asset declarations, is accurate and provided promptly to underwriters for loan approval

  • Order third-party documentation and reports for residential home loans, create and maintain the mortgage loan file, and assist in clearing underwriting conditions as requested

  • Collect and review borrower documentation — income, assets, credit, title, appraisals — ensuring everything is accurate and investor/agency compliant

  • Manage and issue loan commitments, initial Closing Disclosures, and final Closing Disclosures accurately and on time

  • Proactively manage a pipeline of 8-15 loans per month, keeping every file on track to close on schedule

  • Monitor the full loan cycle and flag/resolve anything that could delay closing — before it becomes a problem

  • Confidently answer clients' day-to-day questions about the process, explaining why something is needed in a clear, professional, and reassuring way

  • Communicate closely and proactively with your team lead and teammates so everyone stays aligned on pipeline status

  • Stay current on federal and state mortgage regulations and investor guidelines


Qualifications:
  • 2-3 years of experience in mortgage loan processing and/or underwriting (bank, credit union, or mortgage lending company background all welcome)

  • Solid working knowledge of Conventional, FHA, VA, USDA, and Bond loan programs; familiarity with Commercial and Refinance products a plus

  • Working knowledge of federal and state mortgage regulations, strong enough to field client questions on the spot

  • Comfort with Loan Origination Software (LOS), Automated Underwriting Systems (AUS), and Microsoft Office

  • Excellent written and verbal communication — you can explain complex requirements simply and warmly

  • Sharp attention to detail and the organizational skills to juggle multiple files without dropping a ball

  • A proactive, deadline-driven mindset — you spot problems before they become delays

  • A team-first attitude and genuine interest in growing with us long-term


About Company

Established in 2019 Novus Home Mortgage is a division of Ixonia Bank. Headquartered in the Greater Milwaukee area and originating in all 50 states, Novus is committed to creating a simpler, more efficient, and more transparent mortgage process. It leverages the industry’s most innovative technology to provide 24/7 transparency, streamline the entire process, and minimize effort for all parties. Novus delivers exceptional customer service, along with an extensive offering of loan products ranging from FHA, VA, and conventional loans to niche products.
For more information, visit www.novushomemortgage.com. NMLS # 423065. Equal Housing Lender.