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Junior Loan Processor Jobs in Riverside, CA (NOW HIRING)

Consumer Loan Processor

Tustin, CA

$20 - $25/hr

Consumer Loan Processor The pay range for this position is listed below. Our pay ranges are built to allow for candidates with various levels of skill and experience to be considered, as well as for ...

Reverse Mortgage Loan Processor

Irvine, CA · On-site

$43K - $59K/yr

Are you a detail-driven Reverse Mortgage Loan Processor who can keep loans moving smoothly from application to closing looking to work with a fabulous team? We are seeking an experienced and detail ...

SBA Loan Processor II

Tustin, CA · On-site

$19.75 - $26.25/hr

A Day in the Life The Processor II will be responsible for reviewing and submitting loan requests from small business owners to underwriting; following up with customers by email and phone to ensure ...

SBA Loan Processor II

Tustin, CA · On-site

$19.75 - $26.25/hr

A Day in the Life The Processor II will be responsible for reviewing and submitting loan requests from small business owners to underwriting; following up with customers by email and phone to ensure ...

Your job is to make the process feel smooth, predictable, and professional, even when the file ... You coordinate between Loan Officers, Processing, title, and underwriting so the borrower doesn't ...

Loan Partner - Irvine

Irvine, CA · On-site

$50K - $100K/yr

Your job is to make the process feel smooth, predictable, and professional, even when the file ... You coordinate between Loan Officers, Processing, title, and underwriting so the borrower doesn't ...

Mortgage Loan Officer

Irvine, CA · On-site

$120K - $200K/yr

Provide an exceptional customer experience by building trust and guiding clients through the loan process. * Engage with clients through inbound and outbound calls using company-provided leads and ...

Senior Mortgage Processor

Irvine, CA · Remote

$80K - $90K/yr

This role is responsible for managing complex mortgage loan files from application through clear-to-close, ensuring accuracy, compliance, and on-time closings. The Senior Mortgage Processor serves as ...

Mortgage Loan Officer

Irvine, CA · On-site

$120K - $200K/yr

Provide an exceptional customer experience by building trust and guiding clients through the loan process. * Engage with clients through inbound and outbound calls using company-provided leads and ...

The ideal candidate will working with loan applicants to collect all information for the loan process, reviewing the documents, preparing proposals and keeping them in compliance to be sent over for ...

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Junior Loan Processor information

See Riverside, CA salary details

$34.4K

$37.9K

$40.2K

How much do junior loan processor jobs pay per year?

As of Jun 14, 2026, the average yearly pay for junior loan processor in Riverside, CA is $37,901.00, according to ZipRecruiter salary data. Most workers in this role earn between $37,600.00 and $37,600.00 per year, depending on experience, location, and employer.

What does a junior loan processor do?

A junior loan processor assists in gathering and reviewing borrower documentation, verifying information, and preparing loan files for approval. They support senior processors and underwriters by ensuring all necessary data is accurate and complete, often using loan processing software, and may require knowledge of lending regulations and attention to detail.

What are some common challenges faced by Junior Loan Processors, and how can they be overcome?

Junior Loan Processors often encounter challenges such as managing multiple loan files simultaneously, keeping up with frequent regulation changes, and ensuring accurate documentation. These challenges can be overcome by developing strong organizational skills, seeking mentorship from senior processors, and staying updated on lending guidelines through regular training. Building effective communication with loan officers, underwriters, and clients also helps streamline the process and reduces errors.

What is the role of a junior processor?

A junior loan processor assists in gathering and verifying borrower information, preparing loan documents, and ensuring all necessary documentation is complete for loan approval. They typically work under supervision, use loan processing software, and develop knowledge of lending regulations and procedures.

What are the key skills and qualifications needed to thrive as a Junior Loan Processor, and why are they important?

To thrive as a Junior Loan Processor, you need a solid understanding of financial documentation, attention to detail, and basic knowledge of mortgage or loan processes, typically supported by a high school diploma or relevant coursework. Familiarity with loan origination systems (LOS), document management software, and compliance guidelines is often required. Strong organizational skills, effective communication, and the ability to multitask set top performers apart in this role. These abilities are crucial for ensuring accurate, efficient loan processing and maintaining regulatory compliance in a fast-paced lending environment.

What is the difference between Junior Loan Processor vs Loan Processor?

AspectJunior Loan ProcessorLoan Processor
CredentialsHigh school diploma, some financial or banking certificationsHigh school diploma, relevant certifications preferred
ExperienceEntry-level, limited experienceModerate experience in loan processing
Work EnvironmentSupportive, training-focused teamMore independent, responsible for full loan processing
ResponsibilitiesAssist with document collection, data entry, initial reviewVerify documents, prepare loan files, communicate with clients

The main difference between a Junior Loan Processor and a Loan Processor is experience and responsibility level. Junior Loan Processors typically handle entry-level tasks and require less experience, often working under supervision. Loan Processors have more independence, handle complex tasks, and have a deeper understanding of loan procedures. Both roles are essential in the loan processing workflow, with the Junior role serving as a stepping stone to more advanced positions.

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 compensation depends on the lender, the loan type, and the officer's commission structure. Loan officers also earn salaries and bonuses, but commissions are a common component for large loans.

Is a loan processor an entry level position?

A junior loan processor is typically an entry-level position in the loan processing field, often suitable for individuals with little to no prior experience. It usually involves basic tasks such as data entry, document review, and communication with clients, with opportunities for skill development and advancement. Employers may require a high school diploma or equivalent, and familiarity with loan software can be beneficial.
What are the most commonly searched types of Loan Processor jobs in Riverside, CA? The most popular types of Loan Processor jobs in Riverside, CA are:
What are popular job titles related to Junior Loan Processor jobs in Riverside, CA? For Junior Loan Processor jobs in Riverside, CA, the most frequently searched job titles are:
What job categories do people searching Junior Loan Processor jobs in Riverside, CA look for? The top searched job categories for Junior Loan Processor jobs in Riverside, CA are:
What cities near Riverside, CA are hiring for Junior Loan Processor jobs? Cities near Riverside, CA with the most Junior Loan Processor job openings:

$20 - $25/hr

Full-time

Posted 6 days ago


Job description

We're always looking for diverse, talented, service-oriented people to join our exceptional team.

Consumer Loan Processor

The pay range for this position is listed below. Our pay ranges are built to allow for candidates with various levels of skill and experience to be considered, as well as for room for growth and tenure achieved in a role over time. Typical new hire salary offers fall within the minimum to midpoint of a pay range for many candidates. Any offer extended to a candidate will be based upon their unique set of knowledge, skills, education, and experience as well as internal equity.

Pay Range:

$22.33 - $32.38

Scheduled Weekly Hours:

40
What You'll Be Doing
Responsible for communicating loan decisions to Members who have applied or have been pre-approved for consumer loan products in order to promote and advise Members of the benefits of SchoolsFirst FCU's loan products and/or services. Assists Members with general questions about the process to fund their loans and auto buying services available to them.
  • Communicates consumer loan decisions to Members and advises them of loan stipulations for loan approvals and counter offers.
  • Provides phone support to partner dealerships and front line teammembers.
  • Executes funding for selected indirect auto loans and escalates exceptions or non standard scenarios to higher level processors.
  • Initiates additional or second loan review to Loan Officers, after discussion with Member about their loan decision.
  • Provides consultative services to Members regarding Credit Union products and services, ancillary products and auto buying programs by assessing the Member's needs, addressing their concerns and gaining agreement.
  • When requested, takes additional loan applications and may assist with consumer loan application fundings.
  • Provides world class personal service to Members by assisting with consumer loan products and services in a caring, friendly, courteous and professional manner.
  • Complies will all requirements of the Consumer Loan department's Standard Operating Procedures (SOP), including contacting Members and advising them of reasons for declined loan requests.
  • Processes incoming dispatches and responds to dealer messages.

Additional Job Functions

  • Performs other duties as assigned
  • Complies with regulatory compliance and assigned training requirements including but not limited to BSA regulations corresponding to their specific job duties. Failure to do so may result in disciplinary and other employment related actions

Qualifications
  • High School Diploma or GED required
  • less than 1 year of prior related experience required
Knowledge, Skills, and Abilities
  • Ability to learn and demonstrate technical knowledge of SchoolsFirst FCU auto buying programs and ancillary products

SchoolsFirst FCU is committed to Diverse, Equitable, and Inclusive Hiring

At SchoolsFirst FCU we are dedicated to building and growing a diverse, inclusive, and authentic Dream Team, so if you're excited about a position or wanting to make a career change but your past experience doesn't align perfectly with every qualification in the job description, we encourage you to apply anyway. Many skills are transferrable and you may be just the right candidate for the position, or for other roles we are working on.

SchoolsFirst Federal Credit Union is committed to fostering, cultivating, and preserving a culture of diversity and inclusion. SchoolsFirst FCU is an equal opportunity employer and prohibits discrimination against qualified individuals based on their status as protected veterans or individuals with disabilities and prohibits discrimination against all individuals based on their race, color, religion, sex, national origin, age, sexual orientation, gender identity or expression, political affiliation, or genetic information.

This organization participates in E-Verify.