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Entry Level Remote Loan Processor Jobs (NOW HIRING)

Waterstone Mortgage

Mortgage Loan Processor III

$40K - $56K/yr

Aligned with our Moreithi Team, this role is remote. If you are a detail-driven Processor who thrives on accountability, precision, and successfully getting loans across the finish line, we encourage ...

Heritage Bank

Mortgage Loan Processor

$40K - $56K/yr

Now hiring remote team members located in MN, SD, IA, WI, and FL. Position Summary Responsible for ... loan files from application through closing by ensuring timely, accurate, and compliant processing ...

Ark Mortgage

Mortgage Loan Processor - Experienced

$60K - $75K/yr

This role is pivotal in driving loans efficiently from processing to closing while applying ... We are willing to offer fully remote flexibility for exceptional candidates that have a proven ...

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Entry Level Remote Loan Processor information

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

As of Jul 11, 2026, the average hourly pay for entry level remote loan processor 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 does an Entry Level Remote Loan Processor do?

An Entry Level Remote Loan Processor assists in preparing and reviewing loan applications for approval, ensuring all necessary documentation is complete and accurate. Working remotely, they communicate with clients, lenders, and underwriters via phone, email, or online platforms to gather information and resolve any issues. Their responsibilities often include data entry, document verification, and maintaining compliance with lending regulations. As an entry-level position, training and close supervision are common while learning the specifics of loan processing procedures.

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

AspectEntry Level Remote Loan ProcessorLoan Underwriter
Required CredentialsHigh school diploma or equivalent; some roles may prefer mortgage licensing or certificationsBachelor's degree in finance, economics, or related field; certifications like CE or CU
Work EnvironmentRemote, fast-paced, administrative tasksRemote or office-based, analytical and decision-making tasks
Employer & Industry UsageMortgage lenders, banks, credit unionsMortgage companies, banks, financial institutions
Common Search & ComparisonEntry Level Remote Loan Processor vs Loan Underwriter

The main difference is that Entry Level Remote Loan Processors handle initial loan documentation and data entry, while Loan Underwriters evaluate loan applications and assess risk. Processors focus on administrative tasks, whereas Underwriters make critical approval decisions based on financial analysis.

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

To thrive as an Entry Level Remote Loan Processor, you need a basic understanding of loan documentation, data entry, and attention to detail, often supported by a high school diploma or equivalent. Familiarity with loan origination systems (LOS), document management platforms, and secure communication tools is typically required. Strong organizational skills, time management, and effective written communication help you excel in a remote, deadline-driven environment. These skills are crucial for ensuring accurate loan processing, maintaining compliance, and delivering timely service to clients.

What does a typical day look like for an entry level remote loan processor, and how do they interact with other team members?

As an entry level remote loan processor, your day usually involves reviewing loan applications, verifying documentation, and communicating with borrowers to gather necessary information. You'll collaborate closely with underwriters, loan officers, and other processing team members through email, chat, or video calls to ensure smooth workflow and timely completion of tasks. While working remotely provides flexibility, it also requires strong organizational skills and proactive communication to stay aligned with the team and meet deadlines.
More about Entry Level Remote Loan Processor jobs
What cities are hiring for Entry Level Remote Loan Processor jobs? Cities with the most Entry Level Remote Loan Processor job openings:
What are the most commonly searched types of Remote Loan Processor jobs? The most popular types of Remote Loan Processor jobs are:
What states have the most Entry Level Remote Loan Processor jobs? States with the most job openings for Entry Level Remote Loan Processor jobs include:
What job categories do people searching Entry Level Remote Loan Processor jobs look for? The top searched job categories for Entry Level Remote Loan Processor jobs are:
Entry Level Remote Loan Processor jobs near you
Mortgage Loan Processor III

Mortgage Loan Processor III

Waterstone Mortgage Corporation

Ashburn, VA • Remote

$40K - $56K/yr

Full-time

Re-posted 6 days ago

Job description

SUMMARY:  Waterstone Mortgage is seeking a highly skilled Mortgage Loan Processor to take ownership of complex residential loan files from contract through closing. In this role, you will manage the full processing lifecycle, ensuring files move efficiently, accurately, and in full compliance with investor and regulatory guidelines. Aligned with our Moreithi Team, this role is remote. If you are a detail-driven Processor who thrives on accountability, precision, and successfully getting loans across the finish line, we encourage you to apply.

 

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 additional documentation or information is needed.
  •  Ability to maintain a pipeline of 20 to 30 files and/or three to five 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 discrepancies on documentation. 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, home owners insurance, etc.). Documents are to 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 with the clearing of post-closing exceptions received by investor to ensure WMC does not incur any financial loss.
  • Knowledge of current state's mortgage lending laws.
  • Order FHA and VA case numbers on government sites.
  • Possess knowledge of Real Estate compliance guidelines and ability to implement them.
  • Maintain a focus on enhancing customer service skills and knowledge

 

ADDITIONAL DUTIES: 

  • Complete any additional duties as assigned by management
  • Complete regulatory and compliance training, as required.
  • Assist WMC employees and departments as needed

QUALIFICATIONS: To perform this job successfully, an individual must be able to perform each essential duty satisfactorily.  The requirements listed below are representative of the knowledge, skill, and ability required.  Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

EDUCATION and/or EXPERIENCE: A high school diploma or general education degree(GED) and five plus years of convention fixed and ARM, HELOC and construction mortgage loan processing is required.  Extensive knowledge of VA and FHA loan processing and experience working with multiple investors is required.

 

CERTIFICATES, LICENSES, REGISTRATIONS: This position may require registration under the National Mortgage Licensing System (NMLS) if processing a loan being 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.

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