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Entry Level Loan Processor Jobs in Silver Spring, MD

OneMain Financial

Loan Sales Specialist

Gaithersburg, MD · On-site

$18 - $22/hr

Develop new connections and maintain ones by engaging customers throughout the loan process and ... Entry level, Financial Sales, Management Development, Management Trainee, Finance, Full-time, ...

Vellum Mortgage Inc.

Document Processor

Fairfax, VA · On-site

$15 - $21.64/hr

Experience: (None) - Entry Level Position * Education: High School Diploma required * Compensation ... Audit loan files for completeness and accuracy. * Deliver loans to investors within the set ...

Vellum Mortgage

Document Processor

Fairfax, VA · On-site

$15 - $21.64/hr

Experience: (None) - Entry Level Position * Education: High School Diploma required * Compensation ... Audit loan files for completeness and accuracy. * Deliver loans to investors within the set ...

Vellum Mortgage Inc.

Document Processor

Fairfax, VA · On-site

$15 - $21.64/hr

Experience: (None) - Entry Level Position * Education: High School Diploma required * Compensation ... Audit loan files for completeness and accuracy. * Deliver loans to investors within the set ...

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OneMain Financial

Loan Sales Specialist

Herndon, VA

$18 - $22/hr

Develop new connections and maintain ones by engaging customers throughout the loan process and ... Entry level, Financial Sales, Management Development, Management Trainee, Finance, Full-time, ...

OneMain Financial

Loan Sales Specialist

Bowie, MD

$18 - $22/hr

Develop new connections and maintain ones by engaging customers throughout the loan process and ... Entry level, Financial Sales, Management Development, Management Trainee, Finance, Full-time, ...

OneMain Financial

Loan Sales Specialist

Riverdale, MD · On-site

$18 - $22/hr

Develop newconnections andmaintainonesby engagingcustomers throughout the loan process and life ... Entry level, Financial Sales, Management Development, Management Trainee, Finance, Full-time, ...

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All JobsEntry Level Loan Processor JobsEntry Level Loan Processor Jobs in Silver Spring, MD

Entry Level Loan Processor information

See Silver Spring, MD salary details

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How much do entry level loan processor jobs pay per hour?

As of Jul 6, 2026, the average hourly pay for entry level loan processor in Silver Spring, MD is $22.02, according to ZipRecruiter salary data. Most workers in this role earn between $18.65 and $24.86 per hour, depending on experience, location, and employer.

What is an Entry Level Loan Processor job?

An Entry Level Loan Processor is responsible for assisting in the loan application process by reviewing and verifying financial documents, ensuring accuracy, and preparing files for underwriting. They communicate with borrowers, lenders, and other parties to gather necessary information. This role requires attention to detail, organizational skills, and knowledge of loan procedures. It is a great starting position for those interested in the mortgage or banking industry.

Will MLO be replaced by AI?

As an entry-level loan processor, the role involves reviewing loan documents and data entry, tasks that AI can assist with but not fully replace. AI tools are increasingly used to automate routine tasks, but human oversight remains essential for compliance and customer interaction in loan processing. Developing skills in software and data management can enhance job effectiveness as technology evolves.

What are the key skills and qualifications needed to thrive in the Entry Level Loan Processor position, and why are they important?

To thrive as an Entry Level Loan Processor, you need strong organizational skills, attention to detail, basic knowledge of loan documentation, and typically a high school diploma or equivalent. Familiarity with loan origination software, spreadsheet applications, and document management systems is commonly required. Excellent communication, customer service, and time management skills help you excel in interactions with clients and team members. These abilities ensure you can accurately process loan files, meet deadlines, and support efficient loan approvals in a fast-paced environment.

How much does a loan officer make on a $500,000 loan?

A loan officer typically earns a commission or fee based on the loan amount, often around 1% to 2%, which would be $5,000 to $10,000 for a $500,000 loan. The exact earnings depend on the lender's compensation structure, the loan type, and the officer's experience. Entry-level loan processors may not directly earn commissions but can assist in processing such loans as part of their role.

How to get experience as a loan processor?

Entry level loan processors typically gain experience through internships, entry-level administrative roles, or training programs in banking or mortgage companies. Developing skills in data entry, customer service, and familiarity with loan processing software can also help build relevant experience.

What does a typical day look like for an Entry Level Loan Processor?

A typical day for an Entry Level Loan Processor involves reviewing and verifying loan application documents, communicating with applicants to request missing information, and collaborating with underwriters and other team members to ensure files move smoothly through the approval process. You may spend time entering data into loan processing systems, responding to status inquiries, and keeping detailed records to maintain compliance. The workday is usually structured in an office or hybrid environment, often involving both independent tasks and teamwork. This role offers great exposure to the finance industry and can lead to advancement opportunities in underwriting, loan consulting, or branch management.

Is it hard to become a loan processor?

Becoming an entry-level loan processor typically requires a high school diploma or equivalent and strong organizational and communication skills. Many employers provide on-the-job training, and some roles may prefer familiarity with loan processing software or basic financial knowledge, but formal certifications are not usually mandatory.
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Entry Level Loan Processor jobs near you
FHA Mortgage Origination Representative

FHA Mortgage Origination Representative

Contact Government Services, LLC

Baltimore, MD

$37K - $42K/yr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 6 days ago

Job description

FHA Mortgage Origination Representative
Employment Type: Full Time , Entry Level
Department: Customer Service
 
CGS is seeking an FHA Mortgage Origination Representative to join our team supporting a wide-ranging customer support initiative for a large Federal agency.
 
CGS brings motivated, highly skilled, and creative people together to solve the government's most dynamic problems with cutting-edge technology. To carry out our mission, we are seeking candidates who are excited to contribute to government innovation, appreciate collaboration, and can anticipate the needs of others. Here at CGS, we offer an environment in which our employees feel supported, and we encourage professional growth through various learning opportunities.
 
Skills and attributes for success:
- Provide excellent customer service, answering a variety of calls and emails from the mortgage lending industry and the public on FHA guidelines and procedures.
- Use your knowledge of the mortgage industry to locate answers in a knowledge database to acknowledge client's requests.
- Follow standard operating procedures for various topics, systems, and contact channels.
-         Document all of your contacts in a database
- Keep up to date on FHA mortgage processes and procedures
 
Qualifications:
- The capability to navigate multiple computer systems and applications and utilize search tools to provide information to our clients.
- Excellent time management skills and dependability.
- Strong verbal and written communication skills.
- High School diploma or GED.
- At least two years working with FHA loans (e.g. loan originator, loan processor, junior underwriter, loan officer) plus an additional year of customer service or contact center background, or at least three years of loan origination working with conventional loans and/or other government-backed loans (e.g. FHA, USDA, VA)
- Will be able to obtain a Public Trust Security clearance, which includes a credit check and background investigation.
 
Ideally, you will also have:
- Contact Center experience (omnichannel).
- Bilingual (Spanish/English), verbal and written.
- FHA knowledge/experience
 
Our Commitment:
Contact Government Services (CGS) strives to simplify and enhance government bureaucracy through the optimization of human, technical, and financial resources. We combine cutting-edge technology with world-class personnel to deliver customized solutions that fit our client's specific needs. We are committed to solving the most challenging and dynamic problems.
 
For the past seven years, we've been growing our government-contracting portfolio, and along the way, we've created valuable partnerships by demonstrating a commitment to honesty, professionalism, and quality work.
 
Here at CGS we value honesty through hard work and self-awareness, professionalism in all we do, and to deliver the best quality to our consumers mending those relations for years to come.
 
We care about our employees. Therefore, we offer a comprehensive benefits package.
- Health, Dental, and Vision
- Life Insurance
- 401k
- Flexible Spending Account (Health, Dependent Care, and Commuter)
- Paid Time Off and Observance of State/Federal Holidays
 
Contact Government Services, LLC is an Equal Opportunity Employer. Applicants will be considered without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.
 
Join our team and become part of government innovation!
 
Explore additional job opportunities with CGS on our Job Board:
 
https://cgsfederal.com/join-our-team/
 
For more information about CGS please visit: https://www.cgsfederal.com or contact:
 
Phone: +1 (888) 680-5916
Email: [email protected]
$37,000 - $42,000 a year
We may use artificial intelligence (AI) tools to support parts of the hiring process, such as reviewing applications, analyzing resumes, or assessing responses and identifying potential inconsistencies or verification signals in application materials based on available information. These tools assist our recruitment team but do not replace human judgment. Final hiring decisions are ultimately made by humans. If you would like more information about how your data is processed, please contact us.
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