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Loan Closing Assistant Jobs (NOW HIRING)

7 17 Credit Union

CENTRAL LOAN PROCESSOR

Warren, OH · On-site

$16 - $21.50/hr

Collect additional information required by Underwriters or needed for loan closing. * Assist employees with questions related to lending, closing requirements, and title processing. * Input, verify ...

7 17 Credit Union

CENTRAL LOAN PROCESSOR

Streetsboro, OH · On-site

$17.50 - $23.25/hr

Collect additional information required by Underwriters or needed for loan closing. * Assist employees with questions related to lending, closing requirements, and title processing. * Input, verify ...

7 17 Credit Union

CENTRAL LOAN PROCESSOR

Streetsboro, OH · On-site

$17.50 - $23.25/hr

Collect additional information required by Underwriters or needed for loan closing. * Assist employees with questions related to lending, closing requirements, and title processing. * Input, verify ...

7 17 Credit Union

CENTRAL LOAN PROCESSOR

Warren, OH

$16 - $21.50/hr

Collect additional information required by Underwriters or needed for loan closing. * Assist employees with questions related to lending, closing requirements, and title processing. * Input, verify ...

Armed Forces Bank

Closing Assistant

Overland Park, KS · On-site

$22/hr

Summary This position is responsible for residential mortgage loan closing document preparation and ... To assist other department and fellow team members with their workloads to ensure a smooth ...

Armed Forces Bank

Closing Assistant

Overland Park, KS

$22/hr

Summary This position is responsible for residential mortgage loan closing document preparation and ... To assist other department and fellow team members with their workloads to ensure a smooth ...

7 17 Credit Union

Be Seen First

Consumer Loan Processor

Warren, OH · On-site

$18.78 - $24.73/hr

Gather additional information needed by the Underwriter and/or needed to close the loan. * Assist other employees with lending questions, closing and title requirements. * Input and verify ...

Capital Bank

Loan Closing Manager

Rockville, MD

$90K - $115K/yr

Position Purpose The Loan Closing Manager is primarily responsible for managing the closing process ... Preparation of staff performance reviews and regular coaching to assist employees with meeting ...

7 17 Credit Union

Consumer Loan Processor

Streetsboro, OH · On-site

$18.78 - $24.73/hr

Gather additional information needed by the Underwriter and/or needed to close the loan. * Assist other employees with lending questions, closing and title requirements. * Input and verify ...

Dacotah Banks

Loan Support Specialist

Lemmon, SD · On-site

Ensure the accuracy of these documents prior to giving to lending officers for loan closing. * Assist in full range of duties pertaining to the loan processing, servicing, auditing and reporting ...

Capital Bank

Loan Closing Manager

Rockville, MD · On-site

$90K - $115K/yr

Position Purpose The Loan Closing Manager is primarily responsible for managing the closing process ... Preparation of staff performance reviews and regular coaching to assist employees with meeting ...

ICCU

Commercial Loan Processor

Chubbuck, ID · On-site

Process incoming business loan applications. * Assist Commercial Loan Officers and Underwriters with orders, verifications, and file requirements throughout the loan closing process. * Ensuring ...

Dacotah Bank

Loan Support Specialist

Lemmon, SD · On-site

Ensure the accuracy of these documents prior to giving to lending officers for loan closing. * Assist in full range of duties pertaining to the loan processing, servicing, auditing and reporting ...

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Loan Closing Assistant information

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$29K

$41.7K

$54.5K

How much do loan closing assistant jobs pay per year?

As of Jul 27, 2026, the average yearly pay for loan closing assistant in the United States is $41,681.00, according to ZipRecruiter salary data. Most workers in this role earn between $37,500.00 and $46,500.00 per year, depending on experience, location, and employer.

Will MLO be replaced by AI?

Loan Closing Assistants support the mortgage process by coordinating documentation and communication. While AI can automate some administrative tasks, the role requires human judgment, customer service skills, and regulatory knowledge that are not easily replaced by AI. Therefore, AI is likely to augment rather than fully replace Loan Closing Assistants in the near future.

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

To thrive as a Loan Closing Assistant, you need attention to detail, knowledge of loan documentation, and familiarity with real estate or mortgage processes, often supported by a high school diploma or relevant experience. Proficiency in loan origination systems (LOS), document management software, and e-signature platforms is typically required. Strong organizational skills, effective communication, and the ability to multitask under deadlines are crucial soft skills for this role. These competencies ensure accurate loan processing, minimize errors, and contribute to a smooth closing experience for clients and lenders.

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 on a $500,000 loan. The exact compensation depends on the lender, the loan type, and the officer's commission structure. Salary may also include base pay plus bonuses for volume or performance.

What are some common challenges faced by a Loan Closing Assistant during the loan closing process?

A Loan Closing Assistant often encounters tight deadlines, last-minute document changes, and the need to coordinate with multiple parties such as lenders, title companies, and borrowers. Ensuring all paperwork is accurate and completed on time requires strong organizational skills and attention to detail. Miscommunications or missing documents can delay closings, so proactive communication and a methodical approach are essential to manage these challenges effectively.

How much does a lending assistant make?

A lending assistant typically earns between $35,000 and $50,000 annually, depending on experience, location, and the employer. The role often requires strong organizational skills and familiarity with loan processing software.

How much do loan officers make on closing?

Loan closing assistants typically do not receive a commission on loan closings; their salary is usually a fixed hourly wage or salary. Loan officers, however, often earn commissions or bonuses based on the number and size of loans they close, which can significantly increase their total earnings. Compensation structures vary by employer and region, and some roles may include performance-based incentives.

What is the difference between Loan Closing Assistant vs Loan Processor?

AspectLoan Closing AssistantLoan Processor
Primary RoleSupports the closing process, prepares closing documents, coordinates with title companiesEvaluates loan applications, verifies borrower information, and prepares loan packages
Required CredentialsHigh school diploma, knowledge of closing procedures, basic financial understandingHigh school diploma or higher, often some knowledge of underwriting and credit analysis
Work EnvironmentOffice setting, close interaction with closing agents and title companiesOffice environment, interacts with underwriters, loan officers, and applicants

While both roles support the mortgage process, the Loan Closing Assistant focuses on the final steps of closing, ensuring all documents are prepared and coordinated, whereas the Loan Processor handles the initial evaluation and approval of loan applications. Both positions require attention to detail and knowledge of mortgage procedures, but they operate at different stages of the loan lifecycle.

What does a Loan Closing Assistant do?

A Loan Closing Assistant supports the loan closing process by preparing documents, coordinating with involved parties, and ensuring all requirements are met for a successful loan closing. They work closely with loan officers, borrowers, attorneys, and title companies to gather necessary documentation and confirm details. Their responsibilities include reviewing files for completeness, scheduling closing appointments, and addressing any last-minute issues to facilitate a smooth transaction.
What cities are hiring for Loan Closing Assistant jobs? Cities with the most Loan Closing Assistant job openings:
What are the most commonly searched types of Loan Closing jobs? The most popular types of Loan Closing jobs are:
What states have the most Loan Closing Assistant jobs? States with the most job openings for Loan Closing Assistant jobs include:
Loan Closing Assistant jobs near you
Chattel Closing Assistant

Chattel Closing Assistant

Cascade Financial Services

Chandler, AZ

Other

Posted 12 days ago

Job description

Position Overview

As a Chattel Closing Assistant, you will provide support to the Closing team throughout the loan closing and funding process. Working under the direction of the Closing Manager, you will assist with pipeline management, document review, condition collection, borrower and builder communication, and funding preparation. This entry-level role is designed to develop a thorough understanding of all closing and funding functions, with the expectation of learning the full Closing Specialist role and providing pipeline coverage during team member absences.

Key Responsibilities

Assist with maintaining loan pipelines and providing status updates to borrowers, builders, and internal partners.

Support the closing and funding process by sending closing documents, tracking signatures, and following up on outstanding requirements.

Collect, review, and organize funding conditions and supporting documentation for accuracy and completeness.

Obtain verifications of employment, address verifications, and other required borrower documentation.

Review signed closing documents and identify missing items or discrepancies for resolution.

Assist with accurately updating loan statuses and clearing funding conditions in accordance with established workflows.

Maintain regular follow-up on document signatures, funding conditions, and loan status updates to support timely funding.

Learn and understand all closing documents, workflows, policies, and funding procedures.

Support funding preparation and communicate clearly and accurately with Accounting and other internal departments as directed.

Adhere to all compliance requirements, service level expectations, and funding timelines.

Provide coverage and support for loan pipelines during Closing Specialist absences and periods of increased volume.

Escalate issues promptly and according to established escalation procedures.

Perform additional duties and special projects as assigned by the Closing Specialists or Closing Manager.

What you will need to join Cascade

Proficient knowledge of Microsoft Office

High School Diploma (or equivalent) or two years consistent work history is required

Ability to communicate professionally and effectively with borrowers, builders, and team members to support a positive customer and team experience

Capable of handling multiple assignments simultaneously while remaining organized and responsive to team needs.

Ability to adjust easily to work situations based on team member, group, or business needs.

Excellent listening, organizational, and time management skills.

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