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Loan Processing Assistant Jobs (NOW HIRING)

Yrefy LLC

Loan Processing Specialist

Phoenix, AZ · On-site

$40K - $55K/yr

... * Assist in gathering and verifying supporting documents from students and schools to facilitate ... loan processing, financial services, or educational administration preferred. * Strong problem ...

Yrefy LLC

Loan Processing Specialist

Phoenix, AZ · On-site

$40K - $55K/yr

... * Assist in gathering and verifying supporting documents from students and schools to facilitate ... loan processing, financial services, or educational administration preferred. * Strong problem ...

HomeTrust Bank

Loan Processing Team Lead

Charlotte, NC · On-site

$18.25 - $24.50/hr

Manage and process assigned pipeline of conventional, government and non-conforming mortgage loans from application to approval. Assist Consumer Credit Manager to develop, implement, and maintain ...

HomeTrust Bank

Loan Processing Team Lead

Greenville, SC · On-site

$16.50 - $22/hr

Manage and process assigned pipeline of conventional, government and non-conforming mortgage loans from application to approval. Assist Consumer Credit Manager to develop, implement, and maintain ...

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Loan Processing Assistant information

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How much do loan processing assistant jobs pay per hour?

As of Jul 11, 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, 75% Full Time, 21% Part Time, 1% Temporary, and 2% Contract. Highlights an 99% Physical, and 1% Remote job distribution, with an average salary of $40,167 per year, or $19.3 per hour.
Loan Processing Specialist

Loan Processing Specialist

My Education Solutions

San Antonio, TX • Hybrid

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Re-posted 29 days ago

Job description

POSITION TITLE:
Loan Processing Specialist
REPORTS TO:
HOURS:
EXPERIENCE:
EDUCATION:
Operations Manager
40 hours a week - FT
4 Years in Program Management, Business, Loan Processing, or Financial role Preferred
Degree in Business, Finance, or Accounting Preferred
CLASSIFICATION:
Non-Exempt
ABOUT MY EDUCATION SOLUTIONS
My Education Solutions' (MES) mission is to help clients successfully reduce their student loan debt through counseling, enrollment, and administrative services of the Federal Student Loan Forgiveness programs, so our Clients can afford to live the life they dreamed of when they decided to advance their education.
JOB DESCRIPTION
In this role, you will play a vital role in the application process, ensuring its accuracy, completeness, and timely submission to the Department of Education. You will be a trusted partner to MES advisors and clients, guiding them through the complexities of the process and providing excellent customer service.
Benefits Include:
Hybrid position after training.
Medical 100% paid
401k matching
2 weeks earned PTO
AFLAC
Student Loan Forgiveness
Alignment with Core Company Values and Culture is a must:
  • Grow or Die
  • Find a Way
  • Keep Commitments
  • Do the Right Thing
Responsibilities:
Process student loan forgiveness applications:
Review and analyze applications for completeness and accuracy.
Gather and verify all necessary documentation, including tax returns and pay stubs.
Work with clients to resolve any discrepancies or missing information.
Prepare student loan forgiveness application for Department of Education review.
Maintain communication and relationships:
Communicate effectively with MES advisors and clients throughout the process.
Keep clients informed of the status of their applications and address their questions and concerns promptly.
Build strong relationships with clients to ensure a positive experience.
Adhere to regulations and procedures:
Ensure all processing activities comply with company policies, federal and state regulations, and industry best practices.
Maintain accurate and complete files for documentation and audit purposes.
Stay up-to-date on changes in regulations and procedures.

Other responsibilities:
Backup client care during busy call times.
Prepare and submit student loan forgiveness documents.
Assist with client servicing activities as required.

Qualifications:
Minimum of 3 years of experience in loan processing or a related field.
Strong understanding of loan processing procedures and regulations.
Excellent attention to detail and accuracy.
Proven ability to multitask and manage deadlines effectively.
Excellent communication and interpersonal skills.
Proficient in Microsoft Office Suite and loan CRM software.

Benefits:
Competitive salary and benefits package.
100% Company-paid Health, Dental, and Vision Insurance after 90 days
Company-paid life insurance policy
Opportunity to work with a team of experienced professionals in a fast-paced environment.
Make a difference in the lives of your clients by helping them achieve their financial goals.
Career development and advancement opportunities.

To Apply:
Please submit your resume and cover letter. We look forward to hearing from you!

Apply