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Independent Contractor Loan Processor Jobs (NOW HIRING)

Fairway Independent Mortgage

Loan Processor

$19.25 - $25.50/hr

... Loan Processor to join our national team. In this role, you will act as the vital link between our ... problems independently. * Exceptional customer service skills with experience managing ...

New

Medallion Bank

Loan Processor

Salt Lake City, UT · On-site

$18.25 - $24.25/hr

Loan Processor Please Note: This is a Utah-based hybrid position, which will require some regular ... We work directly with thousands of dealers, contractors and financial service providers serving ...

Medallion Bank

Loan Processor

Salt Lake City, UT · Hybrid

$18 - $24.25/hr

We work directly with thousands of dealers, contractors and financial service providers serving ... We are seeking a highly motivated and results-driven Loan Processor to join the team and be ...

Medallion Bank

Loan Processor

Salt Lake City, UT · On-site

$18 - $24.25/hr

We work directly with thousands of dealers, contractors and financial service providers serving ... We are seeking a highly motivated and results-driven Loan Processor to join the team and be ...

Medallion Bank

Loan Processor

Salt Lake City, UT · On-site

$18 - $24.25/hr

We work directly with thousands of dealers, contractors and financial service providers serving ... We are seeking a highly motivated and results-driven Loan Processor to join the team and be ...

Cornerstone Bank

Loan Processor

Winchendon, MA · On-site

$57K - $65K/yr

We are seeking a detail-oriented and customer-focused Loan Processor to support our mortgage ... Performs work independently within scope of established guidelines and practices. Consults with ...

New

Cornerstone Bank

Loan Processor

Spencer, MA · On-site

$57K - $65K/yr

We are seeking a detail-oriented and customer-focused Loan Processor to support our mortgage ... Performs work independently within scope of established guidelines and practices. Consults with ...

New

Northpointe Bank

Loan Processor

Lake Worth, FL

$16.75 - $22.25/hr

We're hiring a Loan Processor to manage the end-to-end processing of mortgage loans, ensuring ... Self-motivated and resourceful, with the ability to work independently or in a team setting. Why ...

NY TEAM FEDERAL CREDIT UNION

Loan Processor

Holbrook, NY

$19 - $25.50/hr

Process and prepare Home Equity Loans, Home Equity Lines of Credit (HELOCs), Mortgages, Personal ... Ability to work independently and collaboratively in a team environment. Preferred Qualifications:

Northpointe Bank

Loan Processor

Lake Worth, FL

$31.25/hr

We're hiring a Loan Processor to manage the end-to-end processing of mortgage loans, ensuring ... Self-motivated and resourceful, with the ability to work independently or in a team setting. Why ...

New

NY TEAM Federal Credit Union

Loan Processor

Holbrook, NY · On-site

$19 - $25.50/hr

Process and prepare Home Equity Loans, Home Equity Lines of Credit (HELOCs), Mortgages, Personal ... Ability to work independently and collaboratively in a team environment. Preferred Qualifications:

Cornerstone Capital Bank

Loan Processor

$19.25 - $25.50/hr

... loan process ... What you'll do: • Must be able to independently calculate all types of self-employed income. • ...

NY TEAM FEDERAL CREDIT UNION

Loan Processor

Holbrook, NY

$19 - $25.50/hr

Process and prepare Home Equity Loans, Home Equity Lines of Credit (HELOCs), Mortgages, Personal ... Ability to work independently and collaboratively in a team environment. Preferred Qualifications:

Cornerstone Capital Bank

Loan Processor

$19.25 - $25.50/hr

... loan process ... What you'll do: • Must be able to independently calculate all types of self-employed income. • ...

Cornerstone Capital Bank

Loan Processor

Houston, TX · On-site

$18 - $23.75/hr

We are looking for an experienced Mortgage Loan Processor who can drive amazing and deep ... Must be able to independently calculate all types of self-employed income. * Must be able to fund a ...

Cornerstone Capital Bank

Loan Processor

Hoover, AL · On-site

$16.50 - $22/hr

We are looking for an experienced Mortgage Loan Processor who can drive amazing and deep ... Must be able to independently calculate all types of self-employed income. * Must be able to fund a ...

Cornerstone Capital Bank

Loan Processor

$19.25 - $25.50/hr

... loan process ... What you'll do: • Must be able to independently calculate all types of self-employed income. • ...

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All JobsIndependent Contractor Loan Processor Jobs

Independent Contractor Loan Processor information

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$13

$21

$30

How much do independent contractor loan processor jobs pay per hour?

As of Jun 26, 2026, the average hourly pay for independent contractor 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 are some common challenges faced by independent contractor loan processors, and how can they be addressed?

Independent contractor loan processors often face challenges such as fluctuating workloads, maintaining consistent communication with multiple lenders, and ensuring compliance with varying guidelines. To address these, it's important to develop strong organizational skills, stay updated with industry regulations, and use reliable project management tools. Building strong relationships with loan officers, underwriters, and clients can also help streamline processes and reduce misunderstandings. Regularly attending industry webinars and networking can keep you informed about best practices and changes in loan processing requirements.

What are the key skills and qualifications needed to thrive as an Independent Contractor Loan Processor, and why are they important?

To thrive as an Independent Contractor Loan Processor, you need a strong understanding of loan processing procedures, mortgage regulations, and documentation requirements, often backed by experience in loan origination or processing. Familiarity with loan origination systems (LOS), document management software, and industry certifications such as NMLS are highly valuable. Exceptional attention to detail, time management, and effective communication with lenders, borrowers, and underwriters set top performers apart. These skills ensure accuracy, compliance, and efficiency in processing loans, leading to successful and timely loan closings.

What is the difference between Independent Contractor Loan Processor vs W-2 Loan Processor?

AspectIndependent Contractor Loan ProcessorW-2 Loan Processor
CredentialsTypically requires industry certifications, loan processing experienceSame certifications often required, with employer-provided training
Work EnvironmentFreelance or self-employed, remote or flexible locationsEmployed by a company, usually in an office setting
Employer & Industry UsageHired directly by clients or through agencies, common in mortgage industryEmployed by banks or mortgage companies, industry standard

In summary, Independent Contractor Loan Processors work independently, often remotely, and handle projects on a freelance basis, while W-2 Loan Processors are employed full-time by lenders or banks. Both roles require similar skills and certifications but differ mainly in employment status and work setup.

What are Independent Contractor Loan Processors?

Independent Contractor Loan Processors are professionals who work on a contract basis to handle and process mortgage loan applications for lenders, brokers, or real estate companies. Unlike in-house loan processors, they are not direct employees but operate as self-employed individuals or through their own businesses. Their responsibilities include verifying loan documents, communicating with borrowers, and ensuring that all required paperwork is completed accurately and on time. This role offers flexibility and the ability to work with multiple clients, but it also requires strong organizational skills and industry knowledge. Many independent contractor loan processors work remotely and manage their own schedules.
More about Independent Contractor Loan Processor jobs
What cities are hiring for Independent Contractor Loan Processor jobs? Cities with the most Independent Contractor Loan Processor job openings:
What are the most commonly searched types of Loan Processor jobs? The most popular types of Loan Processor jobs are:
What states have the most Independent Contractor Loan Processor jobs? States with the most job openings for Independent Contractor Loan Processor jobs include:
What job categories do people searching Independent Contractor Loan Processor jobs look for? The top searched job categories for Independent Contractor Loan Processor jobs are:
Independent Contractor Loan Processor jobs near you
Infographic showing various Independent Contractor Loan Processor job openings in the United States as of June 2026, with employment types broken down into 100% Full Time. Highlights an 75% In-person, and 25% Remote job distribution, with an average salary of $44,308 per year, or $21.3 per hour.
Loan Processor

Loan Processor

Fairway Independent Mortgage

Remote

$19.25 - $25.50/hr

Other

Posted 2 days ago

Fairway Independent Mortgage Corporation rating

7.7

Company rating: 7.7 out of 10

Based on 5 frontline employees who took The Breakroom Quiz

Job description

Be part of a team that's committed to making a difference. We believe in our work and our customers.
Position Location
Remote Type
Hybrid
Office Location (if not fully remote):
, ,
Job Description
We are looking for a dedicated Loan Processor to join our national team. In this role, you will act as the vital link between our borrowers, loan officers, and underwriters, ensuring every file is accurate, compliant, and ready for a smooth closing.
Your primary focus is to manage the loan file from application through to closing. You will be responsible for:

  • Compile financial data and review loan applications for creditworthiness, ensuring all files meet AUS and specific program guidelines.
  • Proactively request and review third-party documents, including appraisals, titles, and verifications of employment or deposits.
  • Evaluate files for completeness and accuracy before submission to Underwriting; clear any necessary conditions to move the file forward.
  • Prioritize your pipeline to meet strict closing deadlines and submit approved files to the Closing department.
  • Issue approval or denial letters and maintain clear, professional communication with borrowers, loan officers, and vendors to ensure a seamless experience.
  • Track and record loan status data, including application volume and approval rates.
We are looking for candidates who are resilient, organized, and thrive in a fast-paced environment.
  • At least 3 years of experience in the mortgage industry with a solid understanding of the end-to-end lending process.
  • Hands-on experience using Encompass360 is required.
  • Proven ability to analyze complex data, interpret guidelines (Conventional, FHA, USDA, VA), and solve problems independently.
  • Exceptional customer service skills with experience managing relationships between internal teams and external partners.

Fairway Home Mortgage, founded in 1996, is a nationwide leader in the mortgage industry. Customer service is at the heart of everything we do. We deliver personalized loan solutions with some of the fastest turn times in the industry. Our mission is to act as trusted advisors, guiding clients through every step of the mortgage process to exceed expectations and ensure satisfaction.
Our culture promotes innovation, growth, and collaboration, offering exciting career paths and professional development. Whether you're starting out or advancing your career, Fairway is a place where your skills and ambitions can thrive.
Current Employees: Head to the Fairway Careers Hub in Workday for internal job openings.
We post some job openings internally for our employees and others externally for the general public. If you cannot find the perfect role right now, do not hesitate to contact the Careers Team at careers@fairwaymc.com. We can answer any questions and keep you updated on future opportunities.
View our E-Verify and Right to Work notices HERE.
Important Notice to Job Seekers! We've been made aware of fraudulent messages falsely claiming to be from Fairway recruiters, including links to assessments. These are not legitimate and are not affiliated with Fairway Independent Mortgage Corporation. We're working with our Information Security team to address this issue. Thank you for your vigilance and continued interest in joining Fairway! All official communication will come from verified Fairway email addresses or our official LinkedIn page. If you receive a suspicious message, please do not click any links and notify us.

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