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Junior Loan Processor Jobs in Silver Spring, MD (NOW HIRING)

Signature Federal Credit Union

Be Seen First

Home Equity | Mortgage Loan Processor

Alexandria, VA · On-site

$20.37 - $30.55/hr

Explains loan programs to members, evaluates their needs and recommends options. * Pulls credit ... To develop recommendations for cost efficiency and enhancements to products, pricing, processes by ...

Waterstone Mortgage

Mortgage Loan Partner II

Ashburn, VA · On-site

$40K - $56K/yr

Work as a liaison for Loan Originators and with processing to help coordinate weekly pipeline meetings with each Loan Originator for accurate file tracking. * Responsible for submitting complete loan ...

Waterstone Mortgage

Mortgage Loan Partner II

Ashburn, VA · On-site

$40K - $56K/yr

Work as a liaison for Loan Originators and with processing to help coordinate weekly pipeline meetings with each Loan Originator for accurate file tracking. * Responsible for submitting complete loan ...

AnnieMac Home Mortgage

Senior Processor

Waldorf, MD · On-site

Review all loans prior to being submitted for initial underwrite, condition review and final approval. * Train Processors how to properly re-disclose files and make sure they understand what to look ...

Burke & Herbert Bank

Mortgage Processor

Alexandria, VA · On-site

$35/hr

Manager of Mortgage Loan Operations Summary/Objective Responsible for processing all secondary market and in-house portfolio loans which includes gathering documents from borrowers, reviewing and/or ...

Temple View Capital LLC

Mortgage Processor

Bethesda, MD · On-site +1

$60K - $65K/yr

This role is responsible for ensuring the accuracy of each loan request by reviewing submitted personal information and financial records, validating such records against initial loan terms ...

Temple View Capital LLC

Mortgage Processor

Bethesda, MD · On-site +1

$60K - $65K/yr

This role is responsible for ensuring the accuracy of each loan request by reviewing submitted personal information and financial records, validating such records against initial loan terms ...

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All JobsLoan Processor JobsJunior Loan Processor JobsJunior Loan Processor Jobs in Silver Spring, MD

Junior Loan Processor information

See Silver Spring, MD salary details

$34.1K

$37.6K

$39.8K

How much do junior loan processor jobs pay per year?

As of Aug 20, 2026, the average yearly pay for junior loan processor in Silver Spring, MD is $37,556.00, according to ZipRecruiter salary data. Most workers in this role earn between $37,200.00 and $37,200.00 per year, depending on experience, location, and employer.

What does a junior loan processor do?

A Junior Loan Processor assists in the preparation, review, and processing of loan applications. They gather and verify financial documents from borrowers, ensure all necessary paperwork is complete, and work closely with loan officers and underwriters to move applications through each stage of approval. Their responsibilities also include maintaining accurate records, communicating with clients about missing information, and helping resolve any issues that may delay the process. This role is often an entry point into the mortgage or banking industry, providing valuable experience in loan operations.

What are the key skills and qualifications needed to thrive as a junior loan processor?

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 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 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 junior loan processor make?

A junior loan processor typically earns between $35,000 and $50,000 annually, depending on experience, location, and employer. Entry-level roles may start at the lower end of this range, with opportunities for advancement as skills and certifications develop.

Is a junior loan processor a difficult job?

A junior loan processor's job involves reviewing loan applications, verifying information, and ensuring compliance with lending policies, which requires attention to detail and organizational skills. While it can be challenging due to the need for accuracy and handling multiple tasks, it is generally considered an entry-level position with manageable complexity for those with basic financial knowledge and good communication skills.

What are the most commonly searched types of Loan Processor jobs in Silver Spring, MD?

The most popular types of Loan Processor jobs in Silver Spring, MD are:

What are popular job titles related to Junior Loan Processor jobs in Silver Spring, MD?

For Junior Loan Processor jobs in Silver Spring, MD, the most frequently searched job titles are:

What job categories do people searching Junior Loan Processor jobs in Silver Spring, MD look for?

The top searched job categories for Junior Loan Processor jobs in Silver Spring, MD are:

What cities near Silver Spring, MD are hiring for Junior Loan Processor jobs?

Cities near Silver Spring, MD with the most Junior Loan Processor job openings:

Junior Loan Processor jobs near you
Infographic showing various Junior Loan Processor job openings in Silver Spring, MD as of August 2026, with employment types broken down into 1% As Needed, 80% Full Time, 15% Part Time, and 4% Contract. Highlights an 96% Physical, 2% Hybrid, and 2% Remote job distribution, with an average salary of $37,442 per year, or $18 per hour.

Consumer Loan Processor - Direct

Lafayette Federal Credit Union

Rockville, MD • On-site

$19.25 - $24.25/hr

Full-time

Medical, Life, Retirement, PTO

Posted 13 days ago

Job description

Job Type
Full-time
Description
NOTICE: JOB APPLICANTS LIMITED TO DC, MD, OR VA RESIDENTS.
Please note that we are exclusively considering applicants residing in the District of Columbia, Maryland, or Virginia for all open positions. Be part of Lafayette Federal Credit Union, recognized by USA Today as a Top Workplace for three consecutive years (2024-2026) We are expanding and looking for exceptional talent to support our members and contribute to our reputation as an employer of choice. Be a key player in our mission to become the premier financial partner for our community. Your skills and dedication are essential to our success.
  • Do you have a passion for people and value friendly, welcoming interactions?
  • Do you value helping people find solutions to their needs?
  • Are you looking for an entry-level career that will position you to learn and grow in the financial services industry?

If so, then Lafayette Federal may have the perfect opportunity for you! We are currently seeking a Consumer Loan Processor - Direct to join our dynamic team!
About us:
Our Difference: What makes Lafayette Federal cutting-edge ? Lafayette Federal Credit Union is not only a great place to bank, but also a great place to work! We have been recognized nationally by (1) Newsweek's America's Best Bank's list, (2) we've received a 5-star rating from Bauer financial, and (3) we've also ranked #12 in S&P Global' s Top Performing Credit Union's in 2022 for the second year in a row!
Our Culture: Lafayette Federal is about inclusion, diversity, high performance, and new opportunities. Teamwork and our sense of community also make Lafayette Federal a great place to work. Each person is valued for his or her unique set of skills. We share a common devotion to the people we serve, participating in charity events throughout each year and giving back to the community.
Our Opportunities: Professional development, training, and certification is a priority for our employees. We want you to reach your career goals and provide support that leads to opportunities of advancement within the industry.
About the role:
At Lafayette Federal Credit Union, we are committed to helping our members achieve their financial goals through personalized service and lending solutions. We are seeking a detail-oriented, member-focused Consumer Lending Processor to support the full consumer loan lifecycle, from application through funding and post-closing review. In this role, you will work closely with members, lending staff, and business partners to ensure an exceptional lending experience while maintaining compliance with all regulatory and credit union standards. This is an excellent opportunity for a lending professional who enjoys balancing operational excellence, member service, and relationship building in a fast-paced environment.
Requirements
Consumer Loan Processing & Administration
  • Support consumer lending operations by processing loan applications and assisting with closing and post-closing activities.
  • Calculate funding amounts, cash disbursements, and loan proceeds accurately.
  • Prepare loans for funding and ensure all documentation is complete and compliant.
Member Service & Lending Support
  • Serve as a trusted resource for members by providing information on consumer loan products, rates, terms, and collateral requirements.
  • Guide members through the application process and explain required documentation.
  • Deliver exceptional service through timely, professional communication both in person and over the phone.
Loan Review & Pre-Underwriting
  • Review loan applications and supporting documentation for completeness and accuracy.
  • Follow up with members and third parties to obtain missing information.
  • Analyze borrower financial information, credit history, income, and collateral details in accordance with established lending policies.
  • Prepare loan files for underwriting review and recommend appropriate loan terms and conditions.
Loan Closing & Funding
  • Prepare loan closing packages and coordinate loan closings.
  • Execute loan closings while ensuring all required documents are properly completed.
  • Support loan funding and settlement activities.
Quality Control & Compliance
  • Conduct quality reviews of consumer loans to ensure adherence to internal policies and regulatory requirements.
  • Maintain accurate loan records and identify potential documentation or compliance issues.
Product Knowledge & Continuous Learning
  • Maintain in-depth knowledge of consumer lending products, policies, procedures, and industry trends.
  • Stay informed of changes impacting consumer lending and member service.
Regulatory Compliance & Training
  • Complete all required annual training programs, including:
    • Bank Secrecy Act (BSA)
    • Anti-Money Laundering (AML)
    • OFAC
    • Cybersecurity
    • Diversity & Inclusion
    • Anti-Harassment
    • Fair Lending
  • Ensure compliance with all applicable credit union policies and regulations.
Additional Responsibilities
  • Assist with special projects and departmental initiatives as assigned.
  • Provide administrative and operational support to Consumer Lending leadership.

Qualifications:
  • Three years to five years of similar or related experience.
  • A high school education or GED.
  • Interpersonal Skills

Top benefits or perks:
Joining Lafayette Federal comes with perks to support you in your personal and professional journey.
We provide employees with a generous benefits package including:
  • Employer paid (99.9%) health insurance premium for single and family coverage (HMO Plan)
  • Fully funded deductible (HMO Plan)
  • 401k employer matching contribution
  • Income protection with life insurance, short and long-term disability
  • Paid time off, holiday leave & birthday leave
  • Educational assistance
  • Commuter benefits program and more !

Pay: $26.63 per hour ($55,384 annually) to $33.28 per hour ($69,231 annually) depending on experience and qualifications.
*Lafayette Federal Credit Union is an Equal Opportunity and E-Verify Employer
*EOE/AA/DISABILITY/VETERAN

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