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Contract Mortgage Processing Jobs (NOW HIRING)

Waterstone Mortgage

Mortgage Loan Processor

Tulsa, OK · On-site

$34K - $47K/yr

Loans are to be processed to meet contract deadlines and rate lock expiration dates. * File to be ... Experience in Encompass mortgage loan processing system is required * Must be able to independently ...

GoRascal

Mortgage Loan Processor

Brooklyn, NY · On-site

$50K - $70K/yr

... contract to closing the loan • Update loan documentation in our system on a regular basis to ... mortgage processing experience, 5+ preferred • Experience as a Loan Partner, Loan Officer ...

Agility 360

Mortgage Loan Processor (Irving, TX)

Irving, TX · Hybrid

$38K - $52K/yr

Irving, TX Description Mortgage Loan Processor - Irving, TX Agility 360 is searching for experienced Mortgage Loan Processors for a contract to perm position with our growing client. The ideal ...

Agility 360

Mortgage Loan Processor (Irving, TX)

Irving, TX · On-site

$38K - $52K/yr

Mortgage Loan Processor - Irving, TX Agility 360 is searching for experienced Mortgage Loan Processors for a contract to perm position with our growing client. The ideal candidates will posses a ...

Liberty Financing

Mortgage Loan Processor

Centennial, CO · On-site

$50K - $120K/yr

Our ideal candidate should bring years of hands-on experience in mortgage processing, coupled with ... Additionally, there might be occasions where compiling credit reports and purchase contracts will ...

Treadstone Funding

Mortgage Loan Processor

Grand Rapids, MI · On-site

$38K - $52K/yr

Candidates with prior mortgage processing experience are strongly preferred. The Loan Processor is responsible for processing a residential mortgage loan from contract to closing, while acting as a ...

Treadstone Funding

Mortgage Loan Processor

Grand Rapids, MI · On-site

$37K - $51K/yr

Candidates with prior mortgage processing experience are strongly preferred. The Loan Processor is responsible for processing a residential mortgage loan from contract to closing, while acting as a ...

Treadstone Funding

Mortgage Loan Processor

Grand Rapids, MI

$38K - $52K/yr

Candidates with prior mortgage processing experience are strongly preferred. The Loan Processor is responsible for processing a residential mortgage loan from contract to closing, while acting as a ...

Treadstone Funding

Mortgage Loan Processor

Grand Rapids, MI · On-site

$38K - $52K/yr

Candidates with prior mortgage processing experience are strongly preferred. The Loan Processor is responsible for processing a residential mortgage loan from contract to closing, while acting as a ...

Treadstone Funding

Mortgage Loan Processor

Grand Rapids, MI · On-site

$38K - $52K/yr

Candidates with prior mortgage processing experience are strongly preferred. The Loan Processor is responsible for processing a residential mortgage loan from contract to closing, while acting as a ...

Primis Financial Corp.

Mortgage Processor

Wilmington, NC · On-site

$33K - $46K/yr

Mortgage Processor Position Summary: The Mortgage Processor is responsible for evaluating ... Finalize loan contracts and keep clients informed in rules and obligations. * Remain up to speed ...

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Contract Mortgage Processing information

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How much do contract mortgage processing jobs pay per hour?

As of Aug 21, 2026, the average hourly pay for contract mortgage processing in the United States is $20.84, according to ZipRecruiter salary data. Most workers in this role earn between $15.87 and $19.95 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.
More about Contract Mortgage Processing jobs

What cities are hiring for Contract Mortgage Processing jobs?

Cities with the most Contract Mortgage Processing job openings:

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

The most popular types of Mortgage Processing jobs are:

What states have the most Contract Mortgage Processing jobs?

States with the most job openings for Contract Mortgage Processing jobs include:

Contract Mortgage Processing jobs near you
Infographic showing various Contract Mortgage Processing job openings in the United States as of August 2026, with employment types broken down into 1% As Needed, 80% Full Time, 14% Part Time, 1% Temporary, 3% Contract, and 1% Nights. Highlights an 93% Physical, 2% Hybrid, and 5% Remote job distribution, with an average salary of $43,357 per year, or $20.8 per hour.

Mortgage Loan Processor

Waterstone Mortgage

Tulsa, OK • On-site

$34K - $47K/yr

Full-time

Re-posted 23 days ago

Job description

SUMMARY: We're looking for an experienced Mortgage Loan Processor to join our team in Tulsa and make an immediate impact. This role is ideal for someone who thrives in a fast paced, high-volume environment, takes initiative, and can confidently hit the ground running. You'll serve as a key point of contact for borrowers, loan originators, Realtors, and internal partners, delivering exceptional customer service while keeping the loan process moving efficiently. If you're highly organized, resourceful, experienced with Encompass, and enjoy building strong relationships through clear communication and a positive attitude, we'd love to hear from you.
ESSENTIAL DUTIES AND RESPONSIBILITIES:
  • Review new file within 48 hours of receipt and verify that compliance documents were issued within proper time frame. Notify the appropriate staff member if any additional documentation or information is needed.
  • Ability to maintain pipeline of 15 files and/or eight Loan Originators.
  • Order all necessary documents to satisfy AU and/or product requirements from Loan Originator, customer or Vendor.
  • Track all requested documents in Encompass.
  • Review documentation received within 24 hours of receipt for discrepancies, omitted data, calculate verified income, verify assets and update Encompass based on verified information.
  • Immediately notify Loan Originator of any documentation discrepancies. Loan Originator will determine necessary remedies.
  • Prepare loan for underwriting submission by utilizing investor's submission checklist.
  • Clear any approval or suspense conditions as outlined by the underwriter.
  • Ensure that all appropriate closing documentation is in the loan file (i.e. title documentation, homeowners' insurance, etc.). Documents must be reviewed within 24 hours of receipt and communicated with Loan Originators.
  • Loans are to be processed to meet contract deadlines and rate lock expiration dates.
  • File to be given to closing department within timelines established by WMC.
  • Assist other processors, Underwriters and Closing departments as needed.
  • Respond to customer inquiries and other related parties on a transaction as needed.
  • Assist in the clearing of any post- closing conditions and ensuring WMC does not incur any financial loss.
  • Maintain strict confidentiality regarding customer's accounts and other information.
  • Maintain a focus on enhancing customer service skills and knowledge

EDUCATION and/or EXPERIENCE:
  • A high school diploma or general education degree (GED) is required
  • One year or more of continuous current retail Mortgage Processing experience is required, three or more years is preferred
  • Experience in Encompass mortgage loan processing system is required
  • Must be able to independently calculate all types of self-employed income
  • Knowledge of FNMA, FHLMC, FHA, & VA underwriting guidelines
  • TRID knowledge is required
  • Proficiency with AUS systems

CUSTOMER SERVICE SKILLS: Using excellent customer service skills, which include maintaining a good attitude, taking ownership of meeting customer needs, going above and beyond for customers, demonstrating a commitment to sharpening skills through education and training, using positive communication, and looking for opportunities to respect customers' time and schedules is required.
CERTIFICATES, LICENSES, REGISTRATIONS: This position may require registration under the National Mortgage Licensing System (NMLS) if processing a loan originated in a state that requires federal registration. Individual must be in good standing with or be approved by NMLS in accordance with the S.A.F.E Act.
Individuals in this position shall not engage in loan origination during the course of his/her employment with WMC. Loan origination is defined as (1) taking a residential mortgage loan application; or (2) offering or negotiating terms of a residential mortgage loan for compensation or gain; (3) advertising or communicating to the public that you can perform loan origination services. Please see the Loan Originator Compensation Policy for more details on the definition of loan origination.
Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities
This employer is required to notify all applicants of their rights pursuant to federal employment laws. For further information, please review the Know Your Rights notice from the Department of Labor.

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