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Entry Level Loan Jobs (NOW HIRING)

loanDepot

Entry Level Loan Officer - Sales

Livonia, MI · On-site

$15/hr

Comfort with using software for loan processing and customer management. * Customer Focus: Dedication to delivering exceptional customer service throughout the loan process. Requirements : * Sales ...

loanDepot

CA

$16.90/hr

Comfort with using software for loan processing and customer management. * Customer Focus: Dedication to delivering exceptional customer service throughout the loan process. Requirements: * Sales ...

loanDepot

Entry Level Loan Officer - Sales

Peoria, AZ

$15.15/hr

Comfort with using software for loan processing and customer management. * Customer Focus: Dedication to delivering exceptional customer service throughout the loan process. Requirements : * Sales ...

loanDepot

Entry Level Loan Officer - Sales

Westland, MI · On-site

$15/hr

Comfort with using software for loan processing and customer management. * Customer Focus: Dedication to delivering exceptional customer service throughout the loan process. Requirements : * Sales ...

loanDepot

Entry Level Loan Officer - Sales

Scottsdale, AZ · On-site

$15.15/hr

Comfort with using software for loan processing and customer management. * Customer Focus: Dedication to delivering exceptional customer service throughout the loan process. Requirements : * Sales ...

loanDepot

Entry Level Loan Officer - Sales

Mesa, AZ

$15.15/hr

Comfort with using software for loan processing and customer management. * Customer Focus: Dedication to delivering exceptional customer service throughout the loan process. Requirements : * Sales ...

loanDepot

Entry Level Loan Officer - Sales

Troy, MI

$15/hr

Comfort with using software for loan processing and customer management. * Customer Focus: Dedication to delivering exceptional customer service throughout the loan process. Requirements : * Sales ...

loanDepot

Entry Level Loan Officer - Sales

Peoria, AZ

$15.15/hr

Comfort with using software for loan processing and customer management. * Customer Focus: Dedication to delivering exceptional customer service throughout the loan process. Requirements : * Sales ...

loanDepot

Entry Level Loan Officer - Sales

Laveen, AZ · On-site

$15.15/hr

Comfort with using software for loan processing and customer management. * Customer Focus: Dedication to delivering exceptional customer service throughout the loan process. Requirements : * Sales ...

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How much do entry level loan jobs pay per hour?

As of Jun 9, 2026, the average hourly pay for entry level loan in the United States is $21.30, according to ZipRecruiter salary data. Most workers in this role earn between $18.03 and $24.04 per hour, depending on experience, location, and employer.

What are some common challenges faced by entry-level loan officers, and how can they overcome them?

Entry-level loan officers often face challenges such as building a client base, understanding complex lending regulations, and managing a high volume of paperwork. To overcome these, it's important to actively seek mentorship from experienced colleagues, stay updated on industry guidelines, and develop strong organizational skills. Regular communication with underwriters and other team members can also help new loan officers navigate the approval process more efficiently and provide better service to clients.

What are the key skills and qualifications needed to thrive as an Entry Level Loan Officer, and why are they important?

To thrive as an Entry Level Loan Officer, you need a basic understanding of financial principles, strong analytical skills, and typically a bachelor's degree in finance, business, or a related field. Familiarity with loan origination systems, credit analysis tools, and relevant regulatory guidelines is important, and some employers may require specific certifications such as NMLS licensure. Excellent communication, attention to detail, and customer service skills set top performers apart. These abilities are crucial for accurately evaluating loan applications, ensuring compliance, and building trust with clients.

What is the difference between Entry Level Loan vs Loan Processor?

AspectEntry Level LoanLoan Processor
Required CredentialsHigh school diploma or equivalent; some roles may prefer associate degreeHigh school diploma or equivalent; some roles may prefer associate degree
Work EnvironmentOffice setting, customer service, administrative tasksOffice environment, reviewing loan documents, data entry
Employer & Industry UsageFinancial institutions, banks, credit unionsMortgage companies, banks, lending institutions
Common Search & ComparisonEntry Level Loan vs Loan Processor

Entry Level Loan roles typically involve basic customer service and administrative tasks related to loan applications, often requiring minimal experience. Loan Processors handle detailed review and verification of loan documents, requiring more specialized knowledge. While both roles are entry-level and share similar environments, Loan Processors usually have more responsibilities in the loan approval process.

What is an entry level loan officer?

An entry level loan officer is a financial professional who helps customers apply for and obtain loans, such as mortgages, auto loans, or personal loans. They usually work at banks, credit unions, or other financial institutions and are responsible for evaluating applicants’ creditworthiness, explaining loan options, and assisting throughout the application process. Entry level loan officers typically receive on-the-job training and work under the supervision of more experienced staff as they learn industry regulations and lending procedures.

What job makes $10,000 a month without a degree?

Entry-level loan officer positions can sometimes pay around $10,000 per month through commissions and bonuses, especially in high-volume or specialized lending environments. Success in such roles often depends on sales skills, industry knowledge, and building client relationships, with some companies offering performance-based compensation without requiring a degree.
More about Entry Level Loan jobs
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Entry Level Loan jobs near you
Entry Level Loan Officer - Sales

Entry Level Loan Officer - Sales

loanDepot

Livonia, MI • On-site

$15/hr

Full-time

Medical, Dental, Vision, Retirement

Posted 24 days ago

loanDepot rating

7.8

Company rating: 7.8 out of 10

Based on 15 frontline employees who took The Breakroom Quiz

Job description

Position Summary: 
loanDepot is offering an incredible opportunity for individuals seeking a challenging yet fulfilling career in sales with a renowned industry leader. Our consumer direct sales approach boasts a team of over 350+ inside sales team members who cater to our valued customers nationwide. This is your moment to become part of something significant! 
  
Joining us as an ACES Lending Officer means embarking on a transformative journey where you'll undergo comprehensive training to ace the SAFE and National Licensing exams. Throughout the program, you'll not only develop a deep understanding of the lending landscape, covering both mortgages and HELOCS, but also collaborate closely with our experienced training & sales leadership teams. Our aim is to equip you with the necessary expertise to excel in the ever-evolving lending industry, laying the foundation for a successful and fulfilling career as a future Licensed Lending Officer. 
  
Who We're Looking For:
Our ideal candidate is someone who prioritizes customer satisfaction, is comfortable with technology, is proactive, and excels at building strong sales relationships. While previous lending experience isn't necessary, we do require a proven sales record demonstrating the ability to meet and surpass sales targets. 
 
Responsibilities:
  • Dedication to Learning: Embrace wholeheartedly a comprehensive training program tailored to cultivate expertise across the entire loan life cycle.
  • Sales Aptitude: Ability to identify and pursue sales opportunities effectively.
  • Financial Acumen: Understanding of basic financial concepts and mortgage products.
  • Adaptability: Willingness to learn and adapt to industry changes and company policies.
  • Time Management: Capacity to prioritize tasks and meet deadlines in a fast-paced environment.
  • Ethical Standards: Commitment to maintaining high ethical standards in all interactions.
  • Technology Proficiency: Comfort with using software for loan processing and customer management.
  • Customer Focus: Dedication to delivering exceptional customer service throughout the loan process.
Requirements:  
  • Sales Experience: Minimum of 2 years of sales experience with a proven history of meeting and exceeding goals is REQUIRED. Call center sales experience is highly preferred.
  • Licensing Requirements: Must have the ability to pass the NMLS exam and meet mortgage requirements for obtaining state and national licenses.
  • Customer Focus: Demonstrated ability to effectively connect with clients through phone presentations and cultivate strong client relationships.
  • Reliability: Consistent attendance and punctuality are essential, with a collaborator attitude and a willingness to embrace coaching for continuous improvement.
  • Education: A bachelor’s degree is highly preferred.
Why work for #teamloanDepot:
  • Industry leader when it comes to training individuals effectively to join the mortgage industry.
  • Company provided leads, so you don’t have to source your own referrals or purchase leads with your own wallet.
  • Competitive compensation plan including hourly paid training.
  • Comprehensive benefits package including medical/dental/vision options, 401K matching, tuition reimbursement, parental leave, and much more. (loanDepotlivewell.com).
  • Best in class leadership team to support you during the transition.
Base pay is one part of our total compensation package for an ACES Lending Officers. The base hourly rate for this role is $15/hour during training; in addition to a monthly per origination bonus incentive once you are licensed and talking to customers.  
  
Post ACES Training, you will move to our Licensed Lending Officer position which is comprised of an hourly minimum wage plus lucrative bonus structure based on fundings. If you were to transition to a Licensed Lending Officer—there would be a new compensation structure shared at that time.   
 
About loanDepot:
loanDepot (NYSE: LDI) is a digital commerce company committed to serving its customers throughout the home ownership journey. Since its launch in 2010, loanDepot has revolutionized the mortgage industry with a digital-first approach that makes it easier, faster, and less stressful to purchase or refinance a home. Today loanDepot enables customers to achieve the American dream of homeownership through a broad suite of lending and real estate services that simplify one of life's most complex transactions. With headquarters in Southern California and offices nationwide, loanDepot is committed to serving the communities in which its team lives and works through a variety of local, regional, and national philanthropic efforts.
 
We are an equal opportunity employer and value diversity in our company. We do not discriminate based on race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status. 

Company Description

loanDepot, America's lender, matches borrowers through technology and high-touch customer care with the credit they need to fuel their lives. As a fast-growing national consumer lender, the loanDepot platform is disrupting finance by dissolving the lines between mortgage and nonmortgage credit.
The company has funded over $100 billion in loans since inception, and is passionate about emerging financial technology and dynamic product delivery supported by excellent customer service to empower consumers.
Headquartered in Southern California, loanDepot employs 5,400+ lending professionals across the country including 1,700+ licensed loan officers who hold 10,000+ licenses. The company operates 180+ local loan locations nationwide. NMLS # 174457

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