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Loan Associate Jobs (NOW HIRING)

BCForward

Loan Associate

Chicago, IL · On-site

$17 - $18.57/hr

Loan Associate Location: Chicago Illinois 60603 Anticipated Start Date: 05/18/2026 Expected Duration : 05 Months contract with high possibility of extension Pay Rate: $18.57hr on W2 Job Type: Hybrid ...

BCForward

Loan Associate

Owensboro, KY · On-site

$22 - $24/hr

Loan Associate Location: Owensboro, KY 42301 Anticipated Start Date: 05/11/2026 Pay Rate: $24 hr on W2 * Responsibilities of this position: Processing income checks and packages for Assumptions and ...

QCR Holdings, Inc.

Loan Assistant

Springfield, MO · On-site

$34K - $42K/yr

As a Loan Assistant on our team, you'll play an important role in supporting our commercial lending ... Associate's or Bachelor's degree in Business, Finance, or a related field preferred. * Two or more ...

QCR Holdings, Inc.

Loan Assistant

Springfield, MO

$34K - $42K/yr

As a Loan Assistant on our team, you'll play an important role in supporting our commercial lending ... Associate's or Bachelor's degree in Business, Finance, or a related field preferred. * Two or more ...

Guaranty Bank

Loan Assistant

Springfield, MO · On-site

$34K - $42K/yr

As a Loan Assistant on our team, you'll play an important role in supporting our commercial lending ... Associate's or Bachelor's degree in Business, Finance, or a related field preferred. * Two or more ...

Oregon Coast Bank

Loan Associate

Newport, OR · On-site

Position Summary A Loan Associate is essentially a loan officer in training. Their primary job is to support loan officers with their daily tasks in order to facilitate smooth loan transactions. A ...

First Western

Senior Loan Associate

Denver, CO · On-site

$30.29 - $43.27/hr

Senior Loan Associate Location: Cherry Creek, CO (In-Office) Job Type: Full-time Non-Exempt Salary: $30.29 - $43.27/HR *Actual offer will be based on experience, location, education, and/or skills*

New

First Western

Senior Loan Associate

Denver, CO

$30.29 - $43.27/hr

Senior Loan Associate Location: Cherry Creek, CO (In-Office) Job Type: Full-time Non-Exempt Salary: $30.29 - $43.27/HR *Actual offer will be based on experience, location, education, and/or skills*

New

United Bank of Iowa

Ag Loan Associate

Ida Grove, IA · On-site

Assists with all aspects of the loan process, as well as loan review. Become trained and ... Associate's degree with a major in agriculture; or an equivalent combination of education and ...

ORIX

Construction Loan Associate

Dallas, TX · Hybrid

The primary focus of the Associate position is to provide exceptional service to internal and ... Review loan documents to understand the requirements set forth for each loan. This includes but is ...

New

ORIX

Construction Loan Associate

Overland Park, KS · Hybrid

The primary focus of the Associate position is to provide exceptional service to internal and ... Review loan documents to understand the requirements set forth for each loan. This includes but is ...

New

United Bank of Iowa

Ag Loan Associate

Odebolt, IA · On-site

Assists with all aspects of the loan process, as well as loan review. Become trained and knowledgeable on all CSA duties and UBI products in order to assist with CSA duties and to help customers with ...

United Bank of Iowa

Ag Loan Associate

Odebolt, IA · On-site

Assists with all aspects of the loan process, as well as loan review. Become trained and knowledgeable on all CSA duties and UBI products in order to assist with CSA duties and to help customers with ...

United Bank of Iowa

Ag Loan Associate

Boone, IA · On-site

Assists with all aspects of the loan process, as well as loan review. Become trained and knowledgeable on all Teller duties and UBI products in order to assist with Teller duties and to help ...

United Bank of Iowa

Ag Loan Associate

Odebolt, IA

Assists with all aspects of the loan process, as well as loan review. Become trained and knowledgeable on all CSA duties and UBI products in order to assist with CSA duties and to help customers with ...

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How much do loan associate jobs pay per hour?

As of Jun 11, 2026, the average hourly pay for loan associate in the United States is $20.33, according to ZipRecruiter salary data. Most workers in this role earn between $14.42 and $24.52 per hour, depending on experience, location, and employer.

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

To thrive as a Loan Associate, you need a solid understanding of financial principles, loan processing procedures, and regulatory compliance, often supported by a degree in finance or a related field. Familiarity with loan origination software, credit analysis tools, and document management systems is commonly required. Strong attention to detail, customer service orientation, and effective communication skills help Loan Associates excel in client interactions and team environments. These skills and qualities are vital for ensuring accurate loan processing, regulatory adherence, and positive client experiences.

What does a loan associate do?

A loan associate assists customers with applying for loans, reviews financial documents, and helps determine loan eligibility. They often work with loan officers and use financial software to process applications, ensuring compliance with lending policies. Strong communication and attention to detail are essential skills for this role.

How much does a mortgage broker make on a $500,000 loan?

A mortgage broker typically earns a commission based on the loan amount, often around 0.5% to 1%, which would be approximately $2,500 to $5,000 on a $500,000 loan. The exact commission can vary depending on the broker, lender, and loan specifics, and may include additional fees or bonuses for volume or performance.

What are some common challenges faced by Loan Associates during the loan processing cycle?

Loan Associates often encounter challenges related to balancing multiple loan applications simultaneously while ensuring compliance with regulatory requirements. They must carefully verify documentation, communicate effectively with applicants, and coordinate with underwriters and loan officers to keep the process on track. Staying organized and adaptable is key, as changes in applicant circumstances or evolving lending guidelines can require prompt adjustments. Successfully managing these tasks helps ensure timely loan approvals and a positive borrower experience.

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. Compensation can also include a base salary plus bonuses, depending on the employer and location. Skills in sales and knowledge of lending regulations can influence earnings.

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

A Loan Associate typically does not earn $10,000 a month without significant experience or commission-based incentives. High earnings in such roles usually depend on sales performance, client volume, or bonuses, and most positions require relevant skills or certifications rather than a formal degree. Generally, high-paying jobs without a degree are rare and often involve sales, entrepreneurship, or specialized trades.

What is the difference between Loan Associate vs Mortgage Processor?

AspectLoan AssociateMortgage Processor
CredentialsHigh school diploma or equivalent; some roles may prefer relevant certificationsHigh school diploma; some roles may require mortgage-specific certifications
Work EnvironmentBank branches, credit unions, or financial institutionsMortgage companies, banks, or lending institutions
Job ResponsibilitiesAssisting clients, gathering documents, processing loan applicationsReviewing documents, verifying information, preparing files for approval
Industry UsageCommonly employed in retail banking and lendingPrimarily in mortgage lending and real estate finance

While both roles support the loan process, a Loan Associate typically handles client interactions and initial documentation, whereas a Mortgage Processor focuses on verifying and preparing mortgage files for approval. Understanding these differences can help job seekers identify the right position in the lending industry.

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Loan Associate jobs near you
Loan Associate

Loan Associate

BCForward

Chicago, IL • On-site

$17 - $18.57/hr

Contractor

Posted 5 days ago

Job description

BCforward is currently seeking highly motivated Loan Associate for an opportunity in Chicago Illinois 60603


Position Title: Loan Associate

Location: Chicago Illinois 60603

Anticipated Start Date: 05/18/2026

Expected Duration: 05 Months contract with high possibility of extension

Pay Rate: $18.57hr on W2

Job Type: Hybrid 3 days in office 2 days remote 


Job Description

  • Sets up new portfolios, assets and cash mapping input to CLO system.
  • Processes Agent Bank notices into system. Researches discrepancies between portfolios with the same bond using report data.
  • Manages daily CLO issues globally to ensure accurate information.
  • Ensures client responses on corporate actions are entered in a timely and accurate manner.
  • Clears past dues and unapplied balances.
  • Contacts Trustees and Agent Banks daily to ensure all missing payments or reports are received.


Preferred Skills

  • Typically an Associate's or Bachelor's degree, or equivalent work experience
  • Typically less than two years of relevant work experience


About BCforward:

Founded in 1998 on the idea that industry leaders needed a professional service, and workforce management expert, to fuel the development and execution of core business and technology strategies, BCforward is a Black-owned firm providing unique solutions supporting value capture and digital product delivery needs for organizations around the world. Headquartered in Indianapolis, IN with an Offshore Development Center in Hyderabad, India, BCforward’ s 6,000 consultants support more than 225 clients globally.

BCforward champions the power of human potential to help companies transform, accelerate, and scale. Guided by our core values of People-Centric, Optimism, Excellence, Diversity, and Accountability, our professionals have helped our clients achieve their strategic goals for more than 25 years. Our strong culture and clear values have enabled BCforward to become a market leader and best in class place to work.

BCforward is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, or protected veteran status and will not be discriminated against based on disability.

To learn more about how BCforward collects and uses personal information as part of the recruiting process, view our Privacy Notice and CCPA Addendum. As part of the recruitment process, we may ask for you to disclose and provide us with various categories of personal information, including identifiers, professional information, commercial information, education information, and other related information. BCforward will only use this information to complete the recruitment process.

This posting is not an offer of employment. All applicants applying for positions in the United States must be legally authorized to work in the United States. The submission of intentionally false or fraudulent information in response to this posting may render the applicant ineligible for the position. Any subsequent offer of employment will be considered employment at-will regardless of the anticipated assignment duration.

Company Description

About BCforward:
Founded in 1998 on the idea that industry leaders needed a professional service, and workforce management expert, to fuel the development and execution of core business and technology strategies, BCforward is a Black-owned firm providing unique solutions supporting value capture and digital product delivery needs for organizations around the world. Headquartered in Indianapolis, IN with an Offshore Development Center in Hyderabad, India, BCforward’s 6,000 consultants support more than 225 clients globally.
BCforward champions the power of human potential to help companies transform, accelerate, and scale. Guided by our core values of People-Centric, Optimism, Excellence, Diversity, and Accountability, our professionals have helped our clients achieve their strategic goals for more than 25 years. Our strong culture and clear values have enabled BCforward to become a market leader and best in class places to work.
BCforward is an equal opportunity employer.
BCforward logo

About BCforward

Sourced by ZipRecruiter

BCforward began as an IT business solutions and staffing firm. Founded in 1998, BCforward has grown with our customers' needs into a full service personnel solutions organization. Headquartered in Indianapolis, Indiana, BCforward also operates numerous delivery centers across North America and India. We are currently the largest consulting firm and largest MBE certified firm in Indiana. Our uninterrupted growth has allowed BCforward to deliver uniquely configured IT staffing and project solutions for over years of catering to our customers' specific needs. BCforward currently maintains a team of over 5000 global resources. With our additional brand, Stafforward, together we have the capabilities to deliver services for a variety of industries in both public and private sectors which allows us to address your most challenging needs.

Industry

It services

Company size

5,001 - 10,000 Employees

Headquarters location

Indianapolis, IN, US

Year founded

1998

Social media

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