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Loan Modification Processor Jobs (NOW HIRING)

PennyMac

Modification Processor

Carrollton, TX · On-site

$39K - $55K/yr

S. mortgage loans and the management of investments related to the U.S. mortgage market. At ... Processor will assist with entry level processing, completion and post modification tasks ...

PennyMac

Modification Processor

Fort Worth, TX

$39K - $55K/yr

S. mortgage loans and the management of investments related to the U.S. mortgage market. At ... Processor will assist with entry level processing, completion and post modification tasks ...

PennyMac

Modification Processor

Carrollton, TX

$39K - $55K/yr

S. mortgage loans and the management of investments related to the U.S. mortgage market. At ... Processor will assist with entry level processing, completion and post modification tasks ...

PennyMac

Modification Processor

Moorpark, CA

$39K - $55K/yr

S. mortgage loans and the management of investments related to the U.S. mortgage market. At ... Processor will assist with entry level processing, completion and post modification tasks ...

Pennymac

Modification Processor

Moorpark, CA · On-site

$39K - $55K/yr

S. mortgage loans and the management of investments related to the U.S. mortgage market. At ... Processor will assist with entry level processing, completion and post modification tasks ...

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How much do loan modification processor jobs pay per hour?

As of Jun 4, 2026, the average hourly pay for loan modification processor in the United States is $21.30, according to ZipRecruiter salary data. Most workers in this role earn between $18.03 and $24.04 per hour, depending on experience, location, and employer.

What is a Loan Modification Processor job?

A Loan Modification Processor is responsible for reviewing, processing, and assisting borrowers in modifying the terms of their existing loans. They work with lenders and borrowers to collect necessary documentation, verify financial information, and ensure compliance with regulations. Their goal is to help borrowers secure modified loan terms that are more manageable, often to prevent foreclosure. Strong attention to detail, knowledge of loan servicing guidelines, and excellent communication skills are essential in this role.

What are the key skills and qualifications needed to thrive in the Loan Modification Processor position, and why are they important?

A Loan Modification Processor should possess strong analytical abilities, attention to detail, and a solid understanding of mortgage lending practices, often supported by experience in loan processing or a finance-related degree. Familiarity with loan origination systems, document management software, and compliance regulations such as RESPA and HAMP is highly valued. Outstanding communication, problem-solving skills, and the ability to manage high-stress situations help set top performers apart. These competencies ensure efficient processing, regulatory compliance, and positive client interactions in a fast-paced lending environment.

What are the typical daily responsibilities of a Loan Modification Processor?

Loan Modification Processors are responsible for reviewing borrower documentation, verifying financial information, and determining eligibility for loan modification programs. They often communicate directly with clients, mortgage underwriters, and other team members to collect missing information and clarify requirements. Daily tasks also include ensuring all paperwork complies with regulatory standards, updating records in loan management systems, and tracking multiple cases simultaneously. This role requires excellent organizational skills and a focus on maintaining accuracy while working with tight deadlines. Working closely with other departments, processors play a crucial role in helping clients achieve sustainable mortgage solutions.
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What states have the most Loan Modification Processor jobs? States with the most job openings for Loan Modification Processor jobs include:
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Loan Modification Processor jobs near you
Infographic showing various Loan Modification Processor job openings in the United States as of May 2026, with employment types broken down into 1% Locum Tenens, 4% As Needed, 34% Full Time, 41% Part Time, and 20% Contract. Highlights an 95% Physical, 2% Hybrid, and 3% Remote job distribution, with an average salary of $44,308 per year, or $21.3 per hour.
Modification Processor

Modification Processor

PennyMac

Carrollton, TX • On-site

$39K - $55K/yr

Other

Medical, Dental, Vision, Life, Retirement, PTO

This job post has expired today. Applications are no longer accepted.

Job description

PENNYMAC
Pennymac is (NYSE: PFSI) is a specialty financial services firm with a comprehensive mortgage platform and integrated business focused on the production and servicing of U.S. mortgage loans and the management of investments related to the U.S. mortgage market.
At Pennymac, our people are the foundation of our success and at the heart of our dynamic work culture. Together, we work towards a unified goal of helping millions of Americans achieve aspirations of homeownership through the complete mortgage journey
A Typical Day
The Modifications Processor will assist with entry level processing, completion and post modification tasks associated with mortgage loan modifications (FHA, Conventional, USDA, VA, Private).
The Modifications Processor will:
  • Utilize various systems, both internal and external to aid in the processing and closing of a loan modification
  • Prepare files according to internal, investor, federal or state guidelines
  • Check files for accuracy, including files that require special handling (bankruptcy, litigation, foreclosure)
  • Ship various modification documents via FedEx or regular mail
  • Receive, log, and verifying incoming correspondence
  • Clear conditions and ready transactions for modification loan closing
  • Ensure accurate closing and recording of loan modifications
  • Escalate any issues that impact a loan modification transaction
  • Perform other related duties as required and assigned
  • Demonstrate behaviors which are aligned with the organization's desired culture and values
What You'll Bring
  • High School Diploma / GED
  • 3+ years of relevant work experience
  • Knowledge of federal and state laws pertaining to the mortgage-banking industry
  • Expertise in and experience providing value-added customer service in a fast-paced environment
  • Experience using automated financial and/or loan tracking systems
  • Must be highly proficient in Excel and Word
Why You Should Join
As one of the top mortgage lenders in the country, Pennymac has helped over 4 million lifetime homeowners achieve and sustain their aspirations of home. Our vision is to be the most trusted partner for home. Together, 4,000 Pennymac team members across the country are guided by our core values: to be Accountable, Reliable and Ethical in all that we do. Pennymac is committed to conducting a business that makes positive contributions and promotes long-term sustainable growth and to fostering an equitable and inclusive environment, where all employees and customers feel valued, respected and supported.
Benefits That Bring It Home: Whether you're looking for flexible benefits for today, setting up short-term goals for tomorrow, or planning for long-term success and retirement, Pennymac's benefits have you covered. Some key benefits include:
  • Comprehensive Medical, Dental, and Vision
  • Paid Time Off Programs including vacation, holidays, illness, and parental leave
  • Wellness Programs, Employee Recognition Programs, and onsite gyms and cafe style dining (select locations)
  • Retirement benefits, life insurance, 401k match, and tuition reimbursement
  • Philanthropy Programs including matching gifts, volunteer grants, charitable grants and corporate sponsorships
To learn more about our benefits visit: https://pennymacnews.page.link/benefits
For residents with state required benefit information, additional information can be found at: https://www.pennymac.com/additional-benefits-information
Compensation: Individual salary may vary based on multiple factors including specific role, geographic location / market data, and skills and experience as defined below:
  • Lower in range - Building skills and experience in the role
  • Mid-range - Experience and skills align with proficiency in the role
  • Higher in range - Experience and skills add value above typical requirements of the role

Some roles may be eligible for performance-based compensation and/or stock-based incentives awarded to employees based on company and individual performance.
Salary
$39,000 - $55,000
Work Model
OFFICE

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