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Loan Modification Processor Jobs (NOW HIRING)

Consumer Loan Processor

Chalfont, PA ยท On-site

$18.50 - $23/hr

Process Skip-A-Pay requests as part of the Skip-A-Pay program and Loan Modification as part of the payment Assistance Program. 18.Performs additional duties as assigned. Positions Specifications ...

Consumer Loan Processor

Chalfont, PA ยท On-site

$18.50 - $23/hr

Process Skip-A-Pay requests as part of the Skip-A-Pay program and Loan Modification as part of the payment Assistance Program. 18.Performs additional duties as assigned. Positions Specifications ...

Purpose Preparation, Processing and Filing Motions, Orders, Notice of Hearing, Adequate Protection Orders, Response to Motions to Sell, Motions to Approve Loan Modification/Deferrals/Partial Claims ...

Purpose Preparation, Processing and Filing Motions, Orders, Notice of Hearing, Adequate Protection Orders, Response to Motions to Sell, Motions to Approve Loan Modification/Deferrals/Partial Claims ...

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Consumer Loan Processor

Warren, OH ยท On-site

$18.78 - $24.73/hr

This includes, but is not limited to, helpdesks, miscellaneous lending reports processing or funding indirect loans, balancing internal draft accounts and GLs, completing loan modification agreements ...

Consumer Loan Processor

Streetsboro, OH ยท On-site

$18.78 - $24.73/hr

This includes, but is not limited to, helpdesks, miscellaneous lending reports processing or funding indirect loans, balancing internal draft accounts and GLs, completing loan modification agreements ...

Purpose Preparation, Processing and Filing Motions, Orders, Notice of Hearing, Adequate Protection Orders, Response to Motions to Sell, Motions to Approve Loan Modification/Deferrals/Partial Claims ...

Purpose Preparation, Processing and Filing Motions, Orders, Notice of Hearing, Adequate Protection Orders, Response to Motions to Sell, Motions to Approve Loan Modification/Deferrals/Partial Claims ...

Purpose Preparation, Processing and Filing Motions, Orders, Notice of Hearing, Adequate Protection Orders, Response to Motions to Sell, Motions to Approve Loan Modification/Deferrals/Partial Claims ...

Purpose Preparation, Processing and Filing Motions, Orders, Notice of Hearing, Adequate Protection Orders, Response to Motions to Sell, Motions to Approve Loan Modification/Deferrals/Partial Claims ...

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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 14, 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.

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.
More about Loan Modification Processor jobs
What states have the most Loan Modification Processor jobs? States with the most job openings for Loan Modification Processor jobs include:
Infographic showing various Loan Modification Processor job openings in the United States as of July 2026, with employment types broken down into 1% As Needed, 87% Full Time, 8% Part Time, and 4% Contract. Highlights an 97% Physical, 1% Hybrid, and 2% Remote job distribution, with an average salary of $44,308 per year, or $21.3 per hour.
Manager, Modification Processing

Manager, Modification Processing

Ocwen Financial Corporation

West Palm Beach, FL โ€ข On-site

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 12 days ago


Job description

Position Summary:

The Manager, Modification Processing is responsible for leading and overseeing the operations of the Modification Processing function, ensuring the efficient execution of loan modification activities in compliance with investor guidelines, federal and state regulations, and internal policies. Reporting directly to Senior Leadership, this role is accountable for managing a team of 20+ FTE,ย while driving performance, quality, and operational excellence.

This position plays a critical role in managing daily operations, staff development, portfolio performance, and process adherence. The Manager will maintain strong partnership with internal stakeholders and business units to ensure alignment with business objectives and regulatory expectations. This role requires a strategic mindset, strong leadership presence, and the ability to drive continuous improvement across modification processing workflows.

This position is located at our Premier Park, West Palm Beach office, and is required to work onsite.

Job Functions and Responsibilities:

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. Examples below:

  • Lead, develop, and manage a team of Team Leads and processing/administration staff, driving productivity, quality, and adherence to SLAsย 

  • Establish and monitor KPIs (quality, TAT, throughput, conversion rates) to drive performance and accountabilityย 

  • Monitor workflow efficiency and implement process improvements to enhance throughput and reduce cycle timesย 

  • Partner with internal departments and third parties to execute requests and drive operational efficienciesย 

  • Oversee quality assurance by reviewing production output for accuracy and completenessย 

  • Maintain and update team manuals, SOPs, and procedures in alignment with regulatory requirements and best practicesย 

  • Establish and enforce controls to ensure accuracy of modification documentation, system inputs, and borrower communicationsย 

  • Oversee notary processes and ensure adherence to execution and regulatory requirements. The Manager will be required to become and maintain the status of Company notary to notarize documents. Both electronic and paper notarization are conducted by the position on-site.

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Key Result Areas:ย 

  • Set objectives & key results (KPI's) ย that support our Service Excellence philosophy and standards, and monitor delivery against these to increase Customer satisfaction levels,ย 

  • Promote and instill a high performing team culture, foster talent to improve and maintain retention levels, and support change management initiatives
  • Allocate resources and drive accountability to direct reports to ensure achievement of results

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Qualifications:

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To perform this job successfully, an individual must have the following education and/or experience:

  • Four year degree from an accredited Universityย 

  • 5+ years mortgage / servicing experienceย 

  • 3+ years of people management experience

  • Strong analytical, problem-solving, and organizational skillsย 

  • Excellent communication and stakeholder management skillsย 

  • Proven track record of leading high-performing teams in a fast-paced, compliance-driven environment

  • Detail-oriented with strong analytical skills to identify trends, risks, and improvement opportunities

Training / Licensing Requirements:ย 

  • Must pass the Company's Background Screening process prior to beginning employment.ย Additionally, as a condition of employment, you may be required to pass client-specific background check requirements or Federal/State licensing requirements, if applicable.

Work Schedule: M-F 8-5 ET

  • General work schedule (for shift roles)

Onity Group Inc. is a leading non-bank financial services company providing mortgage servicing and originations solutions through its subsidiary, Onity Mortgage, formerly known as PHH Mortgage. Onity Mortgage is one of the largest servicers in the country, focused on delivering a variety of servicing and lending programs to customers, clients and investors.


At Onity, we strive to earn our customers' loyalty every day. We do this by consistently delivering exceptional service and building trust through reliability, integrity, and following through on our commitments. We operate through the lens of the customer, understand the importance of homeownership, and take pride in helping homeowners. Collectively this fosters long-term relationships, ensuring our customers feel valued and supported. We expect all employees to interact with and engage our colleagues and our customers with respect, courtesy and professionalism, and to achieve results consistent with our service delivery standards.


Onity is intensely focused on hiring, developing and retaining the best talent in the industry! Our commitment to inclusion and equal opportunity ensures that we sustain our reputation as an outstanding place to work, a great business partner and a valued community member. We are committed to equal employment opportunity regardless of race, color, ancestry, religion, sex, national origin, sexual orientation, age, citizenship, marital status, disability, gender identity or Veteran status. If you have a disability or special need that requires accommodation, please let us know.


Onity Group Inc. offers a comprehensive benefits package including medical, dental and vision; up to 3% match on 401(k) contributions; generous paid time off; company-paid life, accident and disability coverage; programs for mental, physical and financial wellness; and more. Visit jobs.onitygroup.com for details.