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Loan Modification Processor Jobs in California (NOW HIRING)

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 ...

Fifth Third

Loan Servicing Specialist

San Diego, CA · On-site

Work with vendors to coordinate modification processing * Identify issues with account delinquency and drafting loan modification terms within company compliance and credit facility guidelines

Arixa Capital

Loan Portfolio Manager

Los Angeles, CA · Hybrid

Ensure all extensions and modification process align with internal policies, investor requirements, and regulatory guidelines. * Coordinate with Capital Markets and Closing to finalize loan changes ...

Axos Bank

Special Assets Analyst I

San Diego, CA · On-site

$19 - $32/hr

Support loan modification processing by gathering documentation, validating borrower hardship or performance concerns, and preparing packets for approval where required * Participate in preparation ...

Axos Bank

Special Assets Analyst I

San Diego, CA · On-site

$19 - $32/hr

Support loan modification processing by gathering documentation, validating borrower hardship or performance concerns, and preparing packets for approval where required * Participate in preparation ...

Hope Bank

Loan Origin Specialist

Los Angeles, CA

$25 - $30/hr

Process loan boarding in accordance with loan conditions and requirement for new loans including renewals, extensions, modification, and structures of complicated loans. * Follow-up loan collateral ...

Arixa Capital

Loan Portfolio Manager

Los Angeles, CA · On-site

Ensure all extensions and modification process align with internal policies, investor requirements, and regulatory guidelines. * Coordinate with Capital Markets and Closing to finalize loan changes ...

Arixa Capital

Loan Portfolio Manager

Los Angeles, CA · Hybrid

Ensure all extensions and modification process align with internal policies, investor requirements, and regulatory guidelines. * Coordinate with Capital Markets and Closing to finalize loan changes ...

Bank of Hope

Loan Origin Specialist

Los Angeles, CA · On-site

$25 - $30/hr

Process loan boarding in accordance with loan conditions and requirement for new loans including renewals, extensions, modification, and structures of complicated loans. * Follow-up loan collateral ...

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Loan Modification Processor information

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How much do loan modification processor jobs pay per hour?

As of Jul 27, 2026, the average hourly pay for loan modification processor in California is $21.02, according to ZipRecruiter salary data. Most workers in this role earn between $17.79 and $23.70 per hour, depending on experience, location, and employer.

Can a 70 year old woman get a 30 year mortgage?

A loan modification processor can help evaluate eligibility for a mortgage, but whether a 70-year-old woman can obtain a 30-year mortgage depends on the lender's policies and her financial situation. Many lenders offer mortgages to seniors, but approval may be influenced by factors such as income, credit score, and health of the loan terms. It's advisable to consult with lenders or mortgage professionals to explore available options.

Will MLO be replaced by AI?

A Loan Modification Processor (LMP) role involves reviewing financial documents and communicating with clients, tasks that require judgment and interpersonal skills. While AI can assist with data analysis and automate routine tasks, it is unlikely to fully replace LMPs due to the need for human oversight and decision-making in complex loan modifications.

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 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 qualifications do you need to be a loan processor?

A loan modification processor typically needs a high school diploma or equivalent, with some employers preferring post-secondary education or relevant certifications. Strong organizational skills, attention to detail, knowledge of loan products and financial regulations, and proficiency with loan processing software are also important qualifications for the role.

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.

How much does a loan officer make on a $500,000 loan?

A loan modification processor typically does not earn a commission based on loan amounts; instead, they receive a salary or hourly wage. Loan officers, who originate loans, may earn a commission that ranges from 0.5% to 1% of the loan amount, so on a $500,000 loan, they could earn between $2,500 and $5,000 in commissions. Compensation varies by employer, experience, and location.
What are popular job titles related to Loan Modification Processor jobs in California? For Loan Modification Processor jobs in California, the most frequently searched job titles are:
What job categories do people searching Loan Modification Processor jobs in California look for? The top searched job categories for Loan Modification Processor jobs in California are:
Loan Modification Processor jobs near you
Infographic showing various Loan Modification Processor job openings in California as of July 2026, with employment types broken down into 100% Full Time. Highlights an 94% In-person, and 6% Remote job distribution, with an average salary of $43,728 per year, or $21 per hour.
Modification Processor

Modification Processor

Pennymac

Moorpark, CA • On-site

$39K - $55K/yr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 10 days ago

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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