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Loan Documentation Process Jobs (NOW HIRING)

dfb

Loan Documentation Specialist

Dearborn, MI · On-site

... process. Strong knowledge of commercial lending, loan documentation requirements, and business ... entity structures, along with the ability to manage multiple priorities and deadlines, are ...

dfb

Loan Documentation Specialist

Dearborn, MI · On-site

... process. Strong knowledge of commercial lending, loan documentation requirements, and business ... entity structures, along with the ability to manage multiple priorities and deadlines, are ...

Equity Bank

Loan Documentation Specialist

Wichita, KS · On-site

Process collateral lien release documents for Consumer and Commercial paid loans * Review and verify HMDA and CRA reportable information * Compliance * Required to adhere to lending policies and ...

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Loan Documentation Process information

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How much do loan documentation process jobs pay per hour?

As of Jun 17, 2026, the average hourly pay for loan documentation process in the United States is $28.75, according to ZipRecruiter salary data. Most workers in this role earn between $18.27 and $39.66 per hour, depending on experience, location, and employer.

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, and familiarity with loan processing and underwriting is essential for accurate fee calculation.

Is loan processing a hard job?

Loan processing is a detail-oriented role that involves reviewing financial documents, verifying information, and ensuring compliance with lending policies. It can be challenging due to the need for accuracy, attention to deadlines, and understanding of financial regulations, but it is manageable with proper training and experience.

What is Loan Documentation Process?

The Loan Documentation Process refers to the series of steps involved in preparing, reviewing, and finalizing all necessary paperwork required to approve and disburse a loan. This process ensures that all legal and regulatory requirements are met, and that the terms of the loan are clearly documented for both the lender and the borrower. Proper loan documentation helps prevent disputes, protects the interests of both parties, and facilitates smooth loan servicing and repayment. The process typically includes collecting financial documents, verifying borrower information, and executing loan agreements.

What does a loan documentation specialist do?

A loan documentation specialist prepares, reviews, and manages the paperwork required for loan approval and funding. They ensure all documents comply with legal and company standards, often using loan processing software, and verify borrower information for accuracy and completeness. Attention to detail and knowledge of lending regulations are essential in this role.

What is the difference between Loan Documentation Process vs Loan Underwriter?

AspectLoan Documentation ProcessLoan Underwriter
Primary RolePreparing, reviewing, and organizing loan documentsAssessing loan applications and approving or denying loans
Required SkillsAttention to detail, knowledge of loan documents, complianceRisk assessment, financial analysis, decision-making
Work EnvironmentOffice setting, often in banks or lending institutionsOffice environment, often in banks or mortgage companies
CertificationsTypically none required, but familiarity with lending regulations helpsCertifications like Loan Underwriting Certification are common

The Loan Documentation Process focuses on preparing and managing loan documents, ensuring accuracy and compliance. In contrast, a Loan Underwriter evaluates loan applications to determine approval based on risk analysis. Both roles are essential in the lending industry and often work closely together, but they serve different functions in the loan approval process.

How much does a loan documentation specialist make?

A loan documentation specialist at Bank of America typically earns an average salary ranging from $45,000 to $65,000 annually, depending on experience and location. The role involves reviewing and preparing loan documents, often requiring familiarity with banking software and attention to detail.

What are some common challenges faced in the Loan Documentation Process role, and how can they be managed effectively?

Professionals in the Loan Documentation Process often encounter challenges such as handling tight deadlines, ensuring accuracy under pressure, and managing large volumes of paperwork. It's essential to stay organized, regularly update checklists, and maintain open communication with loan officers, underwriters, and clients to proactively address any missing or incorrect information. Utilizing document management systems and staying up-to-date on regulatory changes can also help ensure compliance and streamline the workflow.

What are the key skills and qualifications needed to thrive in Loan Documentation Process roles, and why are they important?

Success in a Loan Documentation Process role requires strong attention to detail, knowledge of banking regulations, and experience with loan documentation procedures, often supported by a finance or business-related degree. Familiarity with loan origination systems (LOS), document management software, and compliance tools is typically essential. Excellent organizational skills, problem-solving ability, and clear communication help professionals excel in coordinating between clients and internal teams. These skills ensure accurate, compliant, and timely loan processing, which is critical for minimizing risk and maintaining customer trust.
More about Loan Documentation Process jobs
What cities are hiring for Loan Documentation Process jobs? Cities with the most Loan Documentation Process job openings:
What states have the most Loan Documentation Process jobs? States with the most job openings for Loan Documentation Process jobs include:
What job categories do people searching Loan Documentation Process jobs look for? The top searched job categories for Loan Documentation Process jobs are:
Loan Documentation Process jobs near you
Infographic showing various Loan Documentation Process job openings in the United States as of June 2026, with employment types broken down into 1% As Needed, 36% Full Time, 55% Part Time, 1% Temporary, 6% Contract, and 1% Nights. Highlights an 94% Physical, 2% Hybrid, and 4% Remote job distribution, with an average salary of $59,797 per year, or $28.7 per hour.

Loan Documentation Specialist

Towne Family of Companies

Portsmouth, VA • On-site

Full-time

Posted 6 days ago

Job description

Primary Purpose:
The Loan Documentation Specialist will assist their assigned Commercial Lender(s) and/or Private Banking Officer(s) in the document preparation process and fulfillment of commercial, real estate and business loans. This role will function in a team environment with the Lender(s), Portfolio Manager(s) and Relationship Specialist(s). The Loan Documentation Specialist will serve as a primary point of contact for attorneys, vendors and other Towne Family members associated with loan closings. Under the direction of the Lender and his/her manager, the Loan Documentation Specialist helps to ensure the exquisite service expected by Towne's members is delivered timely and in the most accurate, effective and efficient manner.
Essential Responsibilities:
  • Possesses comprehensive knowledge of commercial loan documentation and understand the risks associated with closing various types of commercial loans.
  • Prepares and reviews loan documents for commercial purpose loans, ranging from simple to highly complex, in an accurate and efficient manner.
  • Utilizes the bank's designated loan systems and applications necessary to prepare the loan documents, assist with the execution of them as needed, and submit them to Loan Operations with all pertinent information.
  • Ensures the loan is closed per loan approval and that supporting documentation conforms to loan approval and policy.
  • Reviews closing package prior to closing to identify potential issues related to documentation, loan policy or regulatory requirements and corrects prior to closing, if possible.
  • Reviews signed documents to assure the package is complete with proper signatures obtained.
  • Packages loan documents and required supporting documentation for transmittal to Loan Services, including applicable general ledger tickets and check copies.
  • Follows up and clears any outstanding loan exceptions.
  • Assists as needed with the training of team members in areas of loan documentation, loan processing, loan policy and compliance, and any other loan related areas in which the SLDS has expertise related to the Loan Documentation Specialist or Relationship Specialist position.
  • Meeting with Regional President and/or Commercial Lenders regularly to understand loan pipeline demands and manage the preparation of documents accordingly.
  • Assisting commercial team members with any other member or loan related duties as needed.
  • Adheres to applicable federal laws, rules, and regulations including those related to Anti-Money Laundering (AML) and the Bank Secrecy Act (BSA).
  • Other duties as assigned.

Minimum Required Skills & Competencies:
  • Has comprehensive knowledge of commercial and real estate loan documentation and experience preparing, reviewing and facilitating the closing of loan packages for commercial purpose loans with minimal documentation or policy exceptions.
  • Has a strong work ethic and is highly motivated to always deliver financial services and solutions with the highest ethical standards.
  • Has the ability to work independently and as a team to make intelligent decisions using sound judgement.
  • Demonstrates computer proficiency in Microsoft Office.
  • Has strong verbal and written communication skills.
  • Is supportive of team goals and initiatives.
  • Ability to listen well and resolve member issues in a positive manner.
  • Can multi-task on a daily basis and can learn new processes effectively.
  • Is able to learn new product information and promote benefits to members

Desired Skills & Competencies:
  • Has a minimum of one year experience processing commercial loans in a commercial banking environment with very low documentation and policy exception rate.
  • Previous experience in the following programs: Laser Pro, NextGen, FIS Insight, Baker Hill

Physical Requirements:
  • Express or exchange ideas by means of the spoken word via email and verbally.
  • Exert up to 10 pounds of force occasionally, use your arms and legs, and sit most of the time.
  • Have close visual acuity to perform activities such as analyzing data, viewing a computer terminal, reading, and preparing documentation.
  • Not substantially exposed to adverse environmental conditions.
  • The physical demands described here are representative of those that must be met by an employee to successfully perform the essential responsibilities of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform essential responsibilities

Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities
This employer is required to notify all applicants of their rights pursuant to federal employment laws. For further information, please review the Know Your Rights notice from the Department of Labor.

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