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Loan Associate Jobs (NOW HIRING)

Journey Bank

Loan Servicing Associate

Bloomsburg, PA · On-site

Loan Servicing Associate Are you looking for a career with a purpose in your local community? By working at your community bank you will find a sense of purpose in your everyday job. At Journey Bank ...

Endeavor Bank

Loan Servicing Associate

San Diego, CA

$25 - $31/hr

LOAN OPERATIONS MANAGER, IN OFFICE POSITION POSITION OVERVIEW The Loan Servicing Associate plays a key role in supporting the day-to-day operations of the Loan Servicing team. This position bridges ...

CFS

Consumer Loan Servicing Associate

Springfield, MA · On-site

$50K - $54K/yr

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First Premier Bank

Mortgage Loan Assoc II

Sioux Falls, SD · On-site

$39K - $54K/yr

First PREMIER Bank About the Role Ensure mortgage loans move efficiently through two of the following processes (based on business need): processing, closing, and post-closing. Responsibilities ...

CFS

Consumer Loan Servicing Associate

Springfield, MA · On-site

$50K - $54K/yr

a { text-decoration: none; color: #464feb; } tr th, tr td { border: 1px solid #e6e6e6; } tr th { background-color: #f5f5f5; } Consumer Loan Servicing Associate - Springfield, MA Why Work Here

First Premier Bank

Mortgage Loan Assoc II

Sioux Falls, SD · On-site

$39K - $54K/yr

First PREMIER Bank About the Role Ensure mortgage loans move efficiently through two of the following processes (based on business need): processing, closing, and post-closing. Responsibilities ...

Tri Counties Bank

Loan Origination Associate I

Chico, CA · On-site

$20.50 - $23.50/hr

The Loan Origination Associate will oversee the accuracy and completeness of the consumer and commercial loan files by setting priorities, following all SOX controls, maintaining service level ...

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Loan Associate information

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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.

What cities are hiring for Loan Associate jobs? Cities with the most Loan Associate job openings:
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Loan Associate jobs near you

Leveraged Loan Associate - Top Global Bank

Hammer Search Partners

Manhattan, NY • On-site

$170K - $190K/yr

Full-time

Posted 7 days ago

Job description

Job Description
Are you a Leveraged Finance Credit Analyst looking to expand your toolkit and step into a high-visibility, dual-discipline role?
A prestigious global financial institution is seeking a Senior Associate to join their NYC risk team. Sitting at the intersection of credit and market risk, you will have an unparalleled vantage point over high-profile, lead-underwritten leveraged loan transactions.
Key Responsibilities:
- Risk Oversight: Conduct deal-by-deal analysis for major transactions heading to the Loan Distribution Committee, directly influencing approvals.
- Strategic Collaboration: Partner closely with Trading, Investment Banking, and Wholesale Credit Risk.
- Market Intelligence: Deliver strategic market commentary and risk assessments directly to senior leadership.
- Data Innovation: Analyze large datasets and gain hands-on exposure to data tools like Python and Tableau.
Requirements
Requirements:
Experience: 4+ years of relevant leveraged finance credit analysis, underwriting, or portfolio management with a leading bank or rating agency.
Technical Skills: Strong corporate credit risk fundamentals, financial modeling, and knowledge of cash flow lending and syndicated loan market conventions.
Data Savvy: Experience with (or strong desire to learn) basic data automation and visualization tools (Python/Tableau).
Soft Skills: Superb communication and interpersonal skills; ability to act as a trusted advisor.
Formal credit training is a plus.
Must commute to NYC (4 days per week hybrid office schedule).
Benefits
This position offers career upside plus an attractive compensation package with a bonus opportunity.Excellent employee benefits package.
Hybrid work arrangement, presently 4 days in NYC office.
Estimated base salary range is $170,000 to $190,000 depending on experience. Bonus eligible.

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