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Loan Processing Manager Jobs in Riverside, CA (NOW HIRING)

loanDepot

Mortgage Loan Officer Trainee

Santa Ana, CA

$16.90/hr

Comfort with using software for loan processing and customer management. * Customer Focus: Dedication to delivering exceptional customer service throughout the loan process. Requirements: * Sales ...

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Loan Processing Manager information

See Riverside, CA salary details

$39.6K

$58.5K

$85K

How much do loan processing manager jobs pay per year?

As of Jun 14, 2026, the average yearly pay for loan processing manager in Riverside, CA is $58,523.00, according to ZipRecruiter salary data. Most workers in this role earn between $52,200.00 and $62,600.00 per year, depending on experience, location, and employer.

How does a Loan Processing Manager typically collaborate with underwriters and loan officers during the loan approval process?

A Loan Processing Manager plays a pivotal role in ensuring smooth communication between loan officers, underwriters, and other team members. They oversee the gathering and verification of borrower information, clarify documentation requirements, and resolve any discrepancies promptly. Regular meetings and status updates with underwriters help address potential issues early, while collaboration with loan officers ensures applicants receive timely feedback. This teamwork is essential for maintaining workflow efficiency and delivering a positive customer experience.

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

To thrive as a Loan Processing Manager, you need a deep understanding of loan products, underwriting guidelines, compliance regulations, and prior experience in loan processing or financial services. Familiarity with loan origination systems (LOS), document management platforms, and regulatory compliance software is typically required. Exceptional leadership, organizational skills, and effective communication are crucial for managing teams and collaborating with lenders, clients, and other departments. These skills and qualities ensure efficient loan processing, adherence to regulatory standards, and high levels of customer satisfaction.

What is the role of a loan processing manager?

A loan processing manager oversees the review and approval of loan applications, ensuring all documentation is complete and complies with lending policies. They coordinate between loan officers, underwriters, and applicants, often using loan origination software, to facilitate efficient processing and timely decision-making.

Is MLO a stressful job?

A Loan Processing Manager role can be stressful due to tight deadlines, high volumes of applications, and the need for accuracy in financial documentation. Managing multiple tasks and ensuring compliance with lending regulations often contribute to job pressure, but experience and organizational skills can help mitigate stress.

How much does a loan officer make on a $500,000 loan?

A loan processing manager typically does not earn a commission based on loan amounts; instead, loan officers may earn a commission or fee that can range from 0.5% to 1% of the loan amount. For a $500,000 loan, this could translate to $2,500 to $5,000 in commissions or fees, depending on the lender and compensation structure. The actual earnings vary based on the employer, location, and individual performance.

What does a Loan Processing Manager do?

A Loan Processing Manager oversees the loan processing department, ensuring that all loan applications are processed efficiently, accurately, and in compliance with regulations. They supervise loan processors, review loan files, coordinate with underwriters, and communicate with applicants and other stakeholders. Their role is crucial in streamlining operations, minimizing errors, and ensuring timely loan approvals while maintaining high customer service standards.

How much does a mortgage broker make on a $500,000 loan?

A mortgage broker typically earns a commission based on the loan amount, often around 0.5% to 1%, which would be approximately $2,500 to $5,000 on a $500,000 loan. This commission is usually paid by the lender and can vary depending on the broker's agreement and the loan specifics.
What are the most commonly searched types of Loan Processing jobs in Riverside, CA? The most popular types of Loan Processing jobs in Riverside, CA are:
What are popular job titles related to Loan Processing Manager jobs in Riverside, CA? For Loan Processing Manager jobs in Riverside, CA, the most frequently searched job titles are:
What job categories do people searching Loan Processing Manager jobs in Riverside, CA look for? The top searched job categories for Loan Processing Manager jobs in Riverside, CA are:
What cities near Riverside, CA are hiring for Loan Processing Manager jobs? Cities near Riverside, CA with the most Loan Processing Manager job openings:
Loan Processing Manager jobs near you
Loan Officer Training Program (ACES)

Loan Officer Training Program (ACES)

loanDepot

Anaheim, CA

$16.90/hr

Full-time

Medical, Dental, Vision, Retirement

Posted 19 days ago

loanDepot rating

7.8

Company rating: 7.8 out of 10

Based on 15 frontline employees who took The Breakroom Quiz

Job description

Position Summary:
loanDepot is offering an incredible opportunity for individuals seeking a challenging yet fulfilling career in sales with a renowned industry leader. Our consumer direct sales approach boasts a team of over 350+ inside sales team members who cater to our valued customers nationwide. This is your moment to become part of something significant!
Joining us as an ACES Lending Officer means embarking on a transformative journey where you'll undergo comprehensive training to ace the SAFE and National Licensing exams. Throughout the program, you'll not only develop a deep understanding of the lending landscape, covering both mortgages and HELOCS, but also collaborate closely with our experienced training & sales leadership teams. Our aim is to equip you with the necessary expertise to excel in the ever-evolving lending industry, laying the foundation for a successful and fulfilling career as a future Licensed Lending Officer.
Who We're Looking For:
Our ideal candidate is someone who prioritizes customer satisfaction, is comfortable with technology, is proactive, and excels at building strong sales relationships. While previous lending experience isn't necessary, we do require a proven sales record demonstrating the ability to meet and surpass sales targets.
Responsibilities:
  • Dedication to Learning: Embrace wholeheartedly a comprehensive training program tailored to cultivate expertise across the entire loan life cycle.
  • Sales Aptitude: Ability to identify and pursue sales opportunities effectively.
  • Financial Acumen: Understanding of basic financial concepts and mortgage products.
  • Adaptability: Willingness to learn and adapt to industry changes and company policies.
  • Time Management: Capacity to prioritize tasks and meet deadlines in a fast-paced environment.
  • Ethical Standards: Commitment to maintaining high ethical standards in all interactions.
  • Technology Proficiency: Comfort with using software for loan processing and customer management.
  • Customer Focus: Dedication to delivering exceptional customer service throughout the loan process.
Requirements:
  • Sales Experience: Minimum of 2 years of sales experience with a proven history of meeting and exceeding goals is REQUIRED. Call center sales experience is highly preferred.
  • Location: Must be able to commute to Irvine, CA full-time.
  • Licensing Requirements: Must have the ability to pass the NMLS exam and meet mortgage requirements for obtaining state and national licenses.
  • Customer Focus: Demonstrated ability to effectively connect with clients through phone presentations and cultivate strong client relationships.
  • Reliability: Consistent attendance and punctuality are essential, with a collaborator attitude and a willingness to embrace coaching for continuous improvement.
  • Education: A bachelor’s degree is highly preferred.
Why work for #teamloanDepot:
  • Industry leader when it comes to training individuals effectively to join the mortgage industry.
  • Company provided leads, so you don’t have to source your own referrals or purchase leads with your own wallet.
  • Competitive compensation plan including hourly paid training.
  • Comprehensive benefits package including medical/dental/vision options, 401K matching, tuition reimbursement, parental leave, and much more. (loanDepotlivewell.com).
  • Best in class leadership team to support you during the transition.
Base pay is one part of our total compensation package for an ACES Lending Officers. The base hourly rate for this role is $16.90/hour during training; in addition to a monthly per origination bonus incentive once you are licensed and talking to customers.
Post ACES Training, you will move to our Licensed Lending Officer position which is comprised of an hourly minimum wage plus lucrative bonus structure based on fundings. If you were to transition to a Licensed Lending Officer—there would be a new compensation structure shared at that time.
About loanDepot:
loanDepot (NYSE: LDI) is a digital commerce company committed to serving its customers throughout the home ownership journey. Since its launch in 2010, loanDepot has revolutionized the mortgage industry with a digital-first approach that makes it easier, faster, and less stressful to purchase or refinance a home. Today, loanDepot enables customers to achieve the American dream of homeownership through a broad suite of lending and real estate services that simplify one of life's most complex transactions. With headquarters in Southern California and offices nationwide, loanDepot is committed to serving the communities in which its team lives and works through a variety of local, regional, and national philanthropic efforts.
We are an equal opportunity employer and value diversity in our company. We do not discriminate based on race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status.

Company Description

loanDepot, America's lender, matches borrowers through technology and high-touch customer care with the credit they need to fuel their lives. As a fast-growing national consumer lender, the loanDepot platform is disrupting finance by dissolving the lines between mortgage and nonmortgage credit.
The company has funded over $100 billion in loans since inception, and is passionate about emerging financial technology and dynamic product delivery supported by excellent customer service to empower consumers.
Headquartered in Southern California, loanDepot employs 5,400+ lending professionals across the country including 1,700+ licensed loan officers who hold 10,000+ licenses. The company operates 180+ local loan locations nationwide. NMLS # 174457

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