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Loan Document Processor Jobs (NOW HIRING)

First Financial Bank

Loan Document Processor

Abilene, TX · On-site

$18.25 - $24.25/hr

Order and review documents needed for a complete loan package (credit report, flood, appraisal ... Process and respond to all incoming methods of communication. * Adapt to change in the work ...

First Financial Bank

Loan Document Processor

Abilene, TX · On-site

$18.25 - $24.25/hr

Order and review documents needed for a complete loan package (credit report, flood, appraisal ... Process and respond to all incoming methods of communication. * Adapt to change in the work ...

First Financial

Loan Document Processor

Abilene, TX

$18.25 - $24.25/hr

Order and review documents needed for a complete loan package (credit report, flood, appraisal ... Process and respond to all incoming methods of communication. * Adapt to change in the work ...

Parkway Ford

Finance Document Processor

Pampa, TX · On-site

Send required documents to financial institution to finalize loan. * Follow up with financial institutions and assist with whatever is needed to get loan finalized. * Organize deal in order of ...

Parkway Ford

Finance Document Processor

Pampa, TX

Send required documents to financial institution to finalize loan. * Follow up with financial institutions and assist with whatever is needed to get loan finalized. * Organize deal in order of ...

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How much do loan document processor jobs pay per hour?

As of Jul 28, 2026, the average hourly pay for loan document processor in the United States is $20.63, according to ZipRecruiter salary data. Most workers in this role earn between $16.35 and $24.52 per hour, depending on experience, location, and employer.

What does a loan documentation processor do?

A loan documentation processor reviews, prepares, and verifies loan documents to ensure accuracy and compliance with lending policies. They organize and manage paperwork, often using loan processing software, to facilitate the approval and funding process for loans.

What does a Loan Document Processor do?

A Loan Document Processor is responsible for reviewing, preparing, and organizing documents required for loan applications and approvals. They ensure all paperwork is complete, accurate, and compliant with regulatory standards before submitting them for underwriting or closing. Their role involves communicating with loan officers, applicants, and other parties to gather necessary information and resolve discrepancies. Loan Document Processors play a critical role in making sure the loan process runs smoothly and efficiently.

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

To thrive as a Loan Document Processor, you need strong attention to detail, organizational skills, and a basic understanding of loan documentation and lending regulations, often supported by a high school diploma or relevant experience. Familiarity with loan origination systems (LOS), document management software, and industry compliance tools is typically required. Excellent communication, time management, and problem-solving abilities help you coordinate with clients and stakeholders efficiently. These skills ensure the accuracy, timeliness, and compliance of loan processing, which are critical for minimizing errors and maintaining customer trust.

Will MLO be replaced by AI?

Loan Document Processors (LDPs) play a key role in reviewing and managing loan documents, and while AI can assist with data extraction and document verification, it is unlikely to fully replace human processors due to the need for judgment and compliance oversight. AI tools are increasingly used to improve efficiency, but human oversight remains essential in complex or nuanced cases. LDPs with skills in document management and familiarity with loan software will continue to be valuable in the industry.

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. Their total compensation may also include a base salary and bonuses, depending on the employer and location. Skills in underwriting and customer service can influence earning potential.

What does a loan processor do?

A loan processor reviews and verifies loan applications, gathers necessary documentation, and ensures all information complies with lending guidelines. They coordinate with borrowers, underwriters, and lenders to facilitate the approval process and may use loan processing software to manage cases efficiently.

What is the difference between Loan Document Processor vs Loan Underwriter?

AspectLoan Document ProcessorLoan Underwriter
CredentialsHigh school diploma or equivalent; some roles may prefer post-secondary educationTypically requires a mortgage or financial certification; some roles may need a bachelor's degree
Work EnvironmentOffice setting, processing loan documents, data entry, and verificationOffice setting, analyzing loan applications, assessing risk, and making approval decisions
Industry UsageCommonly employed in mortgage, banking, and financial servicesPrimarily in mortgage lending, banking, and financial institutions

The main difference is that a Loan Document Processor focuses on reviewing and organizing loan documents, while a Loan Underwriter evaluates the loan application and determines approval based on risk assessment. Both roles are essential in the loan process but serve different functions within the lending industry.

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

Loan Document Processors often encounter challenges such as managing tight deadlines, ensuring the accuracy of complex documentation, and coordinating with multiple departments like underwriting and compliance. To manage these challenges, strong organizational skills, attention to detail, and effective communication are essential. Many teams use specialized software to track document status and automate parts of the workflow, which helps reduce errors and improve efficiency. Regular training and collaboration with colleagues also support continuous improvement in this fast-paced environment.
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Loan Document Processor jobs near you
Infographic showing various Loan Document Processor job openings in the United States as of July 2026, with employment types broken down into 1% As Needed, 80% Full Time, 13% Part Time, 1% Temporary, and 5% Contract. Highlights an 93% Physical, 2% Hybrid, and 5% Remote job distribution, with an average salary of $42,911 per year, or $20.6 per hour.
Loan Document Processor

Loan Document Processor

First Financial Bank

Abilene, TX • On-site

$18.25 - $24.25/hr

Full-time

Posted 21 days ago

Job description

Address
We're always looking for bright individuals to join our growing organization. As a part of the First Financial Family, we will invest in your development and provide a dynamic work environment where you're challenged, valued and empowered every day. We strive to be the best destination for the industry's top talent, creating a diverse, collaborative workplace that celebrates innovation and change. We are one team, working together to get things done.
Job Description:
Office Location:
Abilene, Texas, United States
SCOPE/RESPONSIBILITIES:
Incumbent has limited contact with customers, frequent contact with regional loan officers, lending assistants, other departments, title companies, etc. The incumbent must be able to function efficiently and effectively under deadlines while maintaining a professional and mature demeanor. Incumbent must exercise independent judgment and decision-making in routine situations. The incumbent must be able to sit for extended periods of time for most of the workday. Assist with routine problems and resolve or refer to supervisor or other departments as needed.
ESSENTIAL FUNCTIONS:
  • Create and deliver loan disclosures to customers in a timely manner while ensuring accuracy and compliance.
  • Order and review documents needed for a complete loan package (credit report, flood, appraisal, title work, etc.).
  • Review each loan file to verify that documents are present, accurate, and complete.
  • Ensure that loans are compliant with Federal and State law as well as with Bank policy.
  • Perform complex and confidential administrative functions including but not limited to: organizing files, data entry, and maintaining accurate records.
  • Process and respond to all incoming methods of communication.
  • Adapt to change in the work environment, manage competing demands and handle frequent changes.
  • Performs all other duties as assigned.
  • Actively participates in the Customer Service First sales and service culture, supports the values of the Organization, and follows established Bank policies and procedures.

MINIMUM QUALIFICATIONS:
  • High school graduate or equivalent certification with 18 months of administrative experience is required.
  • Bachelor's degree is preferred and may substitute for experience.
  • Excellent verbal and written communication skills.
  • Excellent interpersonal skills with ability to discuss complex loan scenarios.
  • Ability to work on deadlines with great attention to detail.
  • Proactive and independent with the ability to take initiative.
  • Excellent time management skills with a proven ability to meet deadlines.
  • The ability to think critically and find alternative solutions.
  • Proficient with or the ability to quickly learn loan processing software or other lending systems.
  • Proficient with Microsoft Office Suite or related software.

The above statements reflect the general details considered necessary to decide the principal functions of the job identified and shall not be construed as a detailed description of all work requirements that may be inherent in the job.
Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities
The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor's legal duty to furnish information. 41 CFR 60-1.35(c)

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