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Loan Processing Assistant Jobs (NOW HIRING)

Guild

Loan Processing Assistant

Moses Lake, WA · On-site

$14.54 - $21.81/hr

Position Summary The Loan Processor Assistant plays an important role in the organization by performing a number of activities related to the company's Regional Operations functions. This role is ...

Guild Mortgage

Loan Processing Assistant

Moses Lake, WA

$30K - $45K/yr

Position Summary The Loan Processor Assistant plays an important role in the organization by performing a number of activities related to the company's Regional Operations functions. This role is ...

USA Mortgage

Processing Assistant

Arnold, MO

$40K - $50K/yr

What You'll Do Our Processing Assistants provide administrative and processing assistance to ... These experts ensure efficient loan processing in all phases of the loan transaction process.

USA Mortgage

Processing Assistant

Arnold, MO

$20 - $24/hr

What You'll Do Our Processing Assistants provide administrative and processing assistance to ... These experts ensure efficient loan processing in all phases of the loan transaction process.

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How much do loan processing assistant jobs pay per hour?

As of Jul 31, 2026, the average hourly pay for loan processing assistant in the United States is $19.31, according to ZipRecruiter salary data. Most workers in this role earn between $16.83 and $20.43 per hour, depending on experience, location, and employer.

What does a Loan Processing Assistant do?

A Loan Processing Assistant supports loan officers and processors by handling administrative tasks throughout the loan application process. Their responsibilities typically include collecting and verifying borrower documents, entering data into loan management systems, and communicating with clients to ensure all required paperwork is complete. They help maintain accurate records, coordinate with various departments, and ensure that loan files meet compliance standards. Their work is essential for streamlining the loan approval process and enhancing customer experience.

What is the difference between Loan Processing Assistant vs Loan Underwriter?

AspectLoan Processing AssistantLoan Underwriter
CredentialsHigh school diploma or equivalent; some roles may prefer associate's degreeBachelor's degree in finance, economics, or related field; certifications like CU or Fannie Mae
Work EnvironmentOffice setting, supporting loan processing teamsOffice environment, analyzing loan applications for approval
Employer & Industry UsageMortgage lenders, banks, credit unionsMortgage lenders, banks, financial institutions
Common Search & ComparisonOften compared for entry-level roles in loan processingCompared for roles involving loan approval decisions

The main difference is that a Loan Processing Assistant supports the loan processing workflow by gathering documents and preparing files, while a Loan Underwriter evaluates the risk and makes approval decisions on loan applications. Both roles are essential in the mortgage industry but focus on different stages of the loan process.

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

To thrive as a Loan Processing Assistant, you need attention to detail, basic knowledge of loan documentation, and a high school diploma or equivalent. Familiarity with loan origination software, document management systems, and sometimes basic Excel skills is typically required. Strong organizational skills, clear communication, and the ability to multitask help you stand out in this position. These skills are crucial for ensuring accurate and efficient loan processing, minimizing errors, and providing a seamless customer experience.

What is the role of a loan assistant?

A loan processing assistant supports the loan department by gathering and verifying borrower information, preparing loan documents, and ensuring compliance with lending policies. They often use loan origination software and need strong organizational skills to manage multiple applications efficiently.

What are some common challenges a Loan Processing Assistant might face, and how can they be addressed?

Loan Processing Assistants often encounter challenges such as managing tight deadlines, handling a high volume of applications, and ensuring accuracy in documentation. Staying organized and prioritizing tasks are essential to ensuring that loan files are processed efficiently and without errors. Regular communication with loan officers, underwriters, and clients also helps prevent misunderstandings and delays. Utilizing checklists and digital tools can streamline the workflow and reduce the risk of missing important details.

How much does a lending assistant make?

A loan processing assistant typically earns between $35,000 and $50,000 annually, depending on experience, location, and employer size. Entry-level positions may start lower, while experienced assistants with specialized skills can earn higher salaries. The role often requires familiarity with loan software and strong attention to detail.

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. The exact earnings depend on the lender's compensation structure, the loan type, and the officer's experience and performance.

What do you need to be a loan assistant?

To be a loan processing assistant, candidates typically need a high school diploma or equivalent, strong organizational and communication skills, and familiarity with loan processing software or office tools. Some positions may require previous experience in banking or finance, and attention to detail is essential for verifying documents and data accuracy.
More about Loan Processing Assistant jobs
What cities are hiring for Loan Processing Assistant jobs? Cities with the most Loan Processing Assistant job openings:
What are the most commonly searched types of Loan Processing jobs? The most popular types of Loan Processing jobs are:
What states have the most Loan Processing Assistant jobs? States with the most job openings for Loan Processing Assistant jobs include:
What job categories do people searching Loan Processing Assistant jobs look for? The top searched job categories for Loan Processing Assistant jobs are:
Loan Processing Assistant jobs near you
Infographic showing various Loan Processing Assistant job openings in the United States as of July 2026, with employment types broken down into 1% As Needed, 76% Full Time, 20% Part Time, 1% Temporary, and 2% Contract. Highlights an 98% Physical, 1% Hybrid, and 1% Remote job distribution, with an average salary of $40,167 per year, or $19.3 per hour.

Loan Processing Assistant

Guild

Moses Lake, WA • On-site

$14.54 - $21.81/hr

Full-time

Medical, Dental, Vision, Life, Retirement

Posted 17 days ago

Job description

Guild Mortgage Company, closing loans and opening doors since 1960. As a mortgage banking firm, we are dedicated to serving the homeowner/buyer. Our goal is to provide affordable home financing for our customers, utilizing the best terms available while providing a level of professionalism and service unsurpassed in the lending industry.
Position Summary
The Loan Processor Assistant plays an important role in the organization by performing a number of activities related to the company's Regional Operations functions. This role is primarily responsible for, under direct supervision, for assisting the Loan Processors by reviewing files, ordering supporting documents, and other tasks to help the processors prepare mortgage loans for underwriting and closing within Guild Mortgage Company and industry guidelines.
Essential Functions
  • Requests and reviews file documentation, including income/employment verifications, bank statements or verifications of deposit and property valuations; opens escrow and title.
  • Reviews all documentation received for completeness and ensures appropriate data is entered in the company's origination system, and that appropriate documentation is uploaded to the company's paperless file system.
  • Communicates with loan processor regarding documentation needed to process the loan and maintain effective follow up to ensure receipt of needed documents.
  • Assists loan processor to gather information to clear underwriting conditions. Responds to inquiries and follows up with key individuals promptly to resolve problems.
  • Communicates directly with loan officer, loan processor, closer, title companies and insurance companies to ensure that loans close in a timely manner.
  • Assists loan processor to help resolve investor stipulations.
  • Stays up to date on all current, applicable industry standards.
  • Maintains complete and accurate information within the Loan Processing System while effectively managing a high volume of loans.
  • Performs other duties as assigned.

Qualifications
  • High School or equivalent required, some related college courses or degree desired, along with some knowledge of mortgage lending policies, procedures, and regulations.
  • Well-developed ability to manage multiple tasks/projects and deadlines simultaneously.
  • Strong verbal and written communication skills.
  • Effective time and resource management.
  • Strong interpersonal skills.

Company Required Skills
  • Excellent verbal and written communication skills required.
  • Highly organized and detail-oriented; ability to work in a fast-paced, metrics-driven environment required.
  • Proficiency in Microsoft Office Suite, Word, Excel, Wiki, collaborative cloud-based programs, and
    third-party software applications required.
  • Commitment to company values.
  • Customer Service - Proactive attention to each person
  • Integrity - Do and say what's right
  • Respect - Treat others with dignity
  • Collaboration - Listen and work together
  • Learning - Seek knowledge and strive for improvement
  • Excellence - Deliver the unexpected

Supervision
  • Intermittent to low supervision required, depending on experience
  • Apply sound judgment in execution of core job responsibilities
  • Travel: 0%

Requirements
  • Physical: Work is primarily sedentary; mobility in an office setting.
  • Manual Dexterity: Frequent use of computer keyboard and mouse.
  • Audio/Visual: Ability to accurately interpret sounds and associated meanings at a volume consistent with interpersonal conversation. Regularly required to accurately perceive, distinguish and interpret information received visually and through audio; e.g., words, numbers and other data broadcasted aloud/viewed on a screen, as well as print and other media.
  • Environmental: Office environment - no substantial exposure to adverse environmental conditions.

Statement
This document describes the general content and identifies essential functions and requirements for performing this position. It is not intended to be an exhaustive statement of duties, responsibilities, or requirements. Guild Mortgage complies with the ADA and considers reasonable accommodation measures that may be necessary for eligible applicants/employees to perform essential job functions. Employment with Guild Mortgage is "at-will," meaning that either the Company or an employee may terminate the employment relationship at any time, with or without cause, advance notice or stated justification.
Guild offers a pleasant work environment, competitive compensation and excellent benefits package; including medical, dental, vision, life insurance, AD&D, LTD and 401(k) with employer match.
Guild Mortgage Company is an Equal Opportunity Employer.
Target Salary Range: $17.13 - $21.81
This position offers eligibility for incentive compensation.
Compensation at Guild is influenced by a wide array of factors including but not limited to local and federal minimum wage requirements, education, level of experience, and applicant's geographical location.
Equal Opportunity Employer
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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