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Loan Processing Assistant Jobs in Michigan (NOW HIRING)

What You'll Do Assist Mortgage Loan Originators (MLO) in the administration and processing of mortgage loans to ensure efficient loan processing in all phases of the loan transaction. Major Areas of ...

Loan Processor - Support

Clawson, MI · On-site

$22.80 - $26.40/hr

The ideal candidate brings hands-on mortgage processing experience, strong organizational skills ... Review tax service records and assist with property tax disbursement tasks when applicable. * Help ...

Loan Processor - Support

Detroit, MI · On-site

$24.70 - $28.60/hr

The role is well suited for someone who understands mortgage processing requirements, values ... * Assist with the setup and ongoing administration of escrow accounts, including related ...

Mortgage Loan Partner

Troy, MI · On-site

$100K - $200K/yr

... Processor Assistant to join our growing mortgage team serving the Detroit and Metro Detroit housing market. In this role, the Mortgage Loan Partner will be responsible for managing client ...

Position Summary The Originating Loan Officer Assistant (L2C) plays an important role in the ... If loan out of balance, work with processor & branch manager to request subsidy. • Partners with ...

Showing results 21-40

Loan Processing Assistant information

See Michigan salary details

$11

$16

$25

How much do loan processing assistant jobs pay per hour?

As of Aug 19, 2026, the average hourly pay for loan processing assistant in Michigan is $16.83, according to ZipRecruiter salary data. Most workers in this role earn between $14.66 and $17.79 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 are the key skills and qualifications needed to thrive as a loan processing assistant?

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 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.

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.

How much do entry level loan processing assistants make?

Entry-level loan processing assistants typically earn between $30,000 and $40,000 annually, depending on location and employer. Starting salaries may also include benefits such as health insurance and paid time off, and the role often requires basic knowledge of loan documentation and processing software.

Is loan processing a hard job?

Loan processing is a detail-oriented role that requires strong organizational skills, attention to accuracy, and familiarity with financial documents and software. The job can be challenging during busy periods or when handling complex applications but generally involves routine tasks and clear procedures.

What are the most commonly searched types of Loan Processing jobs in Michigan?

The most popular types of Loan Processing jobs in Michigan are:

What job categories do people searching Loan Processing Assistant jobs in Michigan look for?

The top searched job categories for Loan Processing Assistant jobs in Michigan are:

What cities in Michigan are hiring for Loan Processing Assistant jobs?

Cities in Michigan with the most Loan Processing Assistant job openings:

Infographic showing various Loan Processing Assistant job openings in Michigan as of August 2026, with employment types broken down into 93% Full Time, and 7% Part Time. Highlights an 100% In-person job distribution, with an average salary of $35,009 per year, or $16.8 per hour.

$45K/yr

Full-time

Re-posted 23 days ago


Job description

Job Type
Full-time
Description
DAS Acquisition Company, LLC/USA Mortgage is 100% employee owned! Our mission is the relenting pursuit of perfection. We pride ourselves on leading excellence and the superior level of service that our status as a mortgage bank enables us to provide. Since 2001 USA Mortgage/ DAS Acquisition, LLC has been rated a top choice for a residential lender in the St. Louis metropolitan area by St. Louis Business Journal. Our ongoing success is driven by our strategy to deliver our clients a level of service unrivaled in the mortgage industry. We recognize that people are our competitive advantage. That's why we put so much emphasis on ensuring that DAS Acquisition Company, LLC is a great place to work.
What You'll Do
Assist Mortgage Loan Originators (MLO) in the administration and processing of mortgage loans to ensure efficient loan processing in all phases of the loan transaction.
Major Areas of Responsibilities
  • Assist MLOs with loan clerical functions
  • Conduct preliminary research needed on the loan to help determine mortgage eligibility.
  • Set signing appointments. Provide customer service to clients.
  • Prepare files for submission to loan processing
  • Update and mine marketing database for new loans
  • Any other miscellaneous requirements of the team

Primary Objectives
Assist the MLOs with specific tasks to allow the MLO to be most effective and productive in his/her role.
Pull and analyze research regarding the property, credit, and other aspects of the file.
Specific Responsibilities
  • Make copies of borrower information, filing, and other administrative duties as instructed by the Loan Officer.
  • Assist in pre-qualifications and pre-approval orders as instructed by the Loan Officer. Pull credit reports and running AUS. Contact borrower for any and/or additional information required. Set signing appointments.
  • Communicate with parties to schedule and set signing appointment.
  • Assist in pre-qualifications and pre-approval orders as instructed by the Loan Officer. Pull credit reports and running AUS. Contact borrower for any and/or additional information required. Data input function including setting up new customer files with application data.
  • Update the Loan Officer's database, mail thank-you notes to customers and realtors.
  • Clerical ad hoc duties, as needed.

Requirements
Job Requirements
  • Administrative assistance, clerical, and customer service knowledge and experience. Mortgage banking industry, familiar with Conventional, FHA, and VA mortgage products. Clear understanding of the current RESPA laws and guidelines.
  • Teamwork and productivity skills. Must possess excellent problem solving and customer service skills.
  • P/C computer skills with solid understanding of MS Office and the ability to use the loan origination system. Encompass experience a plus.
  • Administrative practices and procedures.
  • Teamwork, customer service, motivation, design, ethics, safety & security, project management, business acumen and professionalism.

Education & Experience
  • High school diploma or equivalent required. 2-4 year college curriculum preferred.
  • Minimum one year experience and/or training.
  • Knowledge of Encompass Database software and or equivalent along with basic computer skills.

Work Environment
  • Office environment. Daily computer use and close vision. Regular attendance is required.
  • Fast paced, high volume activities.
  • In order to succeed in this position, attention to detail in a fast-paced environment with excellent sales and customer service skills is a must.

Salary Description
$45,000 annual + bonus