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Loan Processing Assistant Jobs (NOW HIRING)

Pennymac

Loan Processing Manager

Carrollton, TX · On-site

$65K - $100K/yr

Manage high volume, high net worth, complex client accounts and assist in capacity planning within assigned regions * Lead team to review all pipeline loans for invalid stipulations or identification ...

TexasBank

Loan Processor

Fort Worth, TX · On-site

$18 - $24/hr

Manage the loan processing workflow from application through approval and closing, ensuring ... * Assist in resolving loan-related issues and exceptions by working with internal and external ...

BANK IOWA

Loan Processing Specialist

Clarinda, IA · On-site

What You'll Be Doing A Loan Processing Specialist supports the end-to-end lending process from ... Collects loan applicant financial data, organizational and background information to assist ...

BANK IOWA

Loan Processing Specialist

Clarinda, IA · On-site

What You'll Be Doing A Loan Processing Specialist supports the end-to-end lending process from ... Collects loan applicant financial data, organizational and background information to assist ...

Bank Iowa

Loan Processing Specialist

Clarinda, IA

Description What You'll Be Doing A Loan Processing Specialist supports the end-to-end lending ... Collects loan applicant financial data, organizational and background information to assist ...

Bank Iowa

Loan Processing Specialist

Clarinda, IA

Description What You'll Be Doing A Loan Processing Specialist supports the end-to-end lending ... Collects loan applicant financial data, organizational and background information to assist ...

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How much do loan processing assistant jobs pay per hour?

As of May 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 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 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 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.

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 May 2026, with employment types broken down into 100% Full Time. Highlights an 100% In-person job distribution, with an average salary of $40,167 per year, or $19.3 per hour.
Commercial Loan Processing Specialist

Commercial Loan Processing Specialist

West Michigan Community Bank

Wyoming, MI • On-site

$51.70K - $65.30K/yr

Full-time

Posted 14 days ago

Job description

Job Title: Commercial Loan Processing Specialist
Department: NFGI Loan Processing
Reports To: Director of Loan Administration
FLSA Status: Non-exempt
Position Summary
The Commercial Loan Processing Specialist prepares documentation for all new, renewed, extended, and modified commercial loans. This role is responsible for the accurate production of loan documents through our documentation software and delivers a complete, compliant loan package to both the lender and the customer.
In addition, this role contributes with following written procedures and proactively identifying and resolving issues within the loan processing workflow. Research may be required, including collaboration with team members and management, to ensure the accuracy and integrity of loan-related matters.
The Commercial Loan Processing Specialist is also responsible for gathering documentation needed for audits related to this function and works closely with the Loan Processing Team to ensure that all loan files are complete, accurate, and audit-ready.
Specific Job Functions & Responsibilities
  • Follow all federal regulations and related internal procedures
  • Maintain a working knowledge of the loan policy, including lending limits and approval requirements
  • Participate in discussions with assigned lenders, loan assistants, and the loan review team to obtain and maintain current, accurate file information
  • Maintain and scan all received information into Synergy
  • Use department checklists to verify complete and accurate information for new and existing loans, coordinating with loan assistants, lenders, the loan review team, and third-party vendors
  • Process approved commercial loans using automated loan document preparation software
  • Input data based on information received from the Loan Assistant and Loan Officer
  • Collaborate with the Loan Assistant to resolve loan-related issues and obtain documents needed to complete the documentation and/or booking process, including recording mortgages, UCC filings, title recordings, and other lien-perfection items
  • Obtain required approvals for outstanding or missing items in accordance with loan operations procedures
  • Prepare participation agreements
  • Prepare documentation and support processes for SBA loans
  • Work collaboratively with the review team to ensure accurate documentation
  • Maintain review tracking reports
  • Maintain clear communication with the loan processing group and all relevant parties involved in the loan
  • Assist on projects through completion
  • Perform other duties as assigned by management

Required Skills/Abilities
  • Strong proficiency with Microsoft Office applications including Word, Excel, Teams, and Outlook
  • Excellent written and verbal communication skills
  • Positive attitude
  • Ability to consistently produce a high volume of work that is accurate, thorough, and well-organized
  • Work independently as well as collaboratively within a team environment, demonstrating sound judgment and effective decision-making skills

Education/Experience Required
A high school diploma or equivalent is required. Previous bank loan operations experience along with lending regulation and loan documentation knowledge is preferred.
Compliance
All associates have a responsibility to understand the Bank's BSA/AML Program, the procedures outlined in it, and to follow the Program and procedures in carrying out their duties. When an associate has supervisory responsibilities, he or she will make certain that his/her staff understand the responsibilities to comply with applicable regulatory issues and internal programs, policies and procedures. Any associate that fails to adhere to the BSA/AML Program or commits other violations of the Code of Conduct may be subject to disciplinary action up to and including termination.
Physical Demands
The physical demands described here are representative of those that must be met by an associate to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. Initially in-office for training, then with the flexibility of up to two days of hybrid after learned responsibilities.
While performing the duties of this job, the employee is regularly required to sit, stand, use hands to touch, handle or feel, reach with hands and arms, and talk or hear. The employee is frequently required to stand and walk. The employee must occasionally lift and/or move up to 10 pounds. Vision abilities required by this job include close vision, distance vision, color vision, peripheral vision, depth perception and ability to adjust focus. Occasional travel may be required for training or other business-related purposes.
Notice
  • Requirements are representative of minimum levels of knowledge, skills, and/or abilities. To perform in this position successfully, the employee will possess the abilities and aptitudes to perform each task proficiently.
  • Ability means to possess and apply both knowledge and skill.
  • This position description has excluded the marginal or peripheral functions that are incidental to the performance of primary functions. All requirements are essential to the function of the position.
  • This position description describes the minimum selection requirements to qualify for the position. However, promotion and other employment decisions are also based on Bank needs, being in good standing, fully competent performance, and other non-discriminatory issues.
  • All requirements are subject to possible modification to reasonably accommodate individuals with disabilities. Some requirements may exclude individuals who pose a direct threat or significant risk to the health and safety of themselves or other employees.
  • This position description does not create an employment contract, implied or otherwise than an "at will" employment relationship.

Northstar Financial Group, Inc is an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, protected veteran status, status as a qualified individual with disability, sexual orientation, gender identity or any other characteristic protected by law.

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