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Loan Processor Jobs (NOW HIRING)

Loan Processor

San Fernando, CA ยท On-site

$20 - $30/hr

In this role, you will evaluate and process loan applications. Your responsibilities will include interviewing applicants to gather financial information, evaluating creditworthiness, and completing ...

Loan Processor

Denver, CO ยท On-site

$55K - $70K/yr

About the Loan Processor position M2 Lending Solutions is looking for an experienced, organized, and detailed-oriented Loan Processor with proven expertise to join our team! You will perform all loan ...

Loan Processor I / II / III Location: Onsite - Toano, VA About the Role We are seeking detail-oriented Loan Processors to join a growing banking and lending operations team. In this role, you will ...

About the Loan Processor position M2 Lending Solutions is looking for an experienced, organized, and detailed-oriented Loan Processor with proven expertise to join our team! You will perform all loan ...

Loan Processor

San Antonio, TX

$16.75 - $22.50/hr

We are seeking a detail-oriented and experienced Loan Processor to join our mortgage operations team. The successful candidate will be responsible for managing and coordinating the loan application ...

Loan Processor I / II / III Location: Onsite - Toano, VA About the Role We are seeking detail-oriented Loan Processors to join a growing banking and lending operations team. In this role, you will ...

Loan Processor

San Antonio, TX

$16.75 - $22.50/hr

We are seeking a detail-oriented and experienced Loan Processor to join our mortgage operations team. The successful candidate will be responsible for managing and coordinating the loan application ...

Loan Processor

El Monte, CA ยท On-site

$20/hr

The Loan Processor is responsible for supporting the community lending loan processing function by assisting in the preparation, review, and verification of loan applications. This role works closely ...

Loan Processor

Plantation, FL ยท Remote

$19.25 - $25.50/hr

Job Title Loan Processor Reports To Manager Job Overview A mortgage loan processor gathers, prepares, and submits relevant information to evaluate a potential loan applicant's creditworthiness and ...

The Loan Processor is responsible for supporting the community lending loan processing function by assisting in the preparation, review, and verification of loan applications. This role works closely ...

Loan Processor

Fort Worth, TX

$18 - $24/hr

We are searching for an experienced and highly-analytical loan processor to conduct assessments of business and individual loans. You will act as the liaison between potential clients and our growing ...

The Loan Processor is responsible for supporting the community lending loan processing function by assisting in the preparation, review, and verification of loan applications. This role works closely ...

Loan Processor

Plantation, FL ยท Remote

$19.25 - $25.50/hr

Job Title Loan Processor Reports To Manager Job Overview A mortgage loan processor gathers, prepares, and submits relevant information to evaluate a potential loan applicant's creditworthiness and ...

Loan Processor

Central, LA ยท On-site

$18 - $24/hr

POSITION SUMMARY Responsible for preparing, reviewing, and processing loan documentation for consumer and commercial loans, ensuring accuracy and compliance with bank policies and regulatory ...

Loan Processor

Phoenix, AZ ยท Hybrid

$18.50 - $24.75/hr

Our vertically integrated platform allows us to manage every step of the loan process in-house, ensuring speed, reliability, and an exceptional experience for our clients. Backed by a substantial ...

In this role, you will evaluate and process loan applications. Your responsibilities will include interviewing applicants to gather financial information, evaluating creditworthiness, and completing ...

Loan Processor

Oldsmar, FL

$17.25 - $23/hr

The Loan Processor is responsible for providing customers a service which includes the preparation of loan documents, loan packages for banks and copies of all executed documents. The Loan Processor ...

Loan Processor

Oldsmar, FL ยท On-site

$17.25 - $23/hr

The Loan Processor is responsible for providing customers a service which includes the preparation of loan documents, loan packages for banks and copies of all executed documents. The Loan Processor ...

Loan Processor

El Monte, CA ยท On-site

$20/hr

The Loan Processor is responsible for supporting the community lending loan processing function by assisting in the preparation, review, and verification of loan applications. This role works closely ...

Loan Processor

Mustang, OK ยท On-site

$17.50 - $23.25/hr

Loan Processor We are seeking a detail-oriented and organized individual to join our team. In this role, you will be responsible for preparing documents, processing, maintaining and finalizing loan ...

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Loan Processor information

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$13

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$30

How much do loan processor jobs pay per hour?

As of Jul 20, 2026, the average hourly pay for loan processor in the United States is $21.30, according to ZipRecruiter salary data. Most workers in this role earn between $18.03 and $24.04 per hour, depending on experience, location, and employer.

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

To thrive as a Loan Processor, you need a solid understanding of loan origination, financial documentation review, and regulatory compliance, often supported by experience in banking or finance. Familiarity with loan processing software like Encompass, Calyx Point, and knowledge of relevant regulations such as RESPA and TILA are typically required. Attention to detail, strong organizational skills, and effective communication make someone stand out in this position. These skills and qualities are crucial to ensure accurate, timely loan approvals and maintain compliance, ultimately supporting customer satisfaction and organizational success.

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. Compensation can also include a base salary and bonuses, depending on the employer and location. Skills in underwriting and customer service are important in this role.

How much do loan processors make?

Loan processors in the United States typically earn an average annual salary of around $45,000 to $55,000, with variations based on experience, location, and employer. In some regions, salaries can range from $40,000 to $65,000, and additional certifications or skills in loan software can influence pay.

What qualifications do you need to be a loan processor?

A loan processor typically needs a high school diploma or equivalent, with some employers preferring post-secondary education or relevant certifications. Strong organizational skills, attention to detail, and familiarity with loan processing software are important, and previous experience in banking or finance can be beneficial.

What are some common challenges faced by Loan Processors, and how can they be managed effectively?

Loan Processors often encounter challenges such as tight deadlines, managing large volumes of documentation, and coordinating with multiple parties like underwriters, loan officers, and clients. Staying organized and maintaining clear communication are key to handling these pressures. Many successful Loan Processors use checklists and digital tools to track document status and follow up regularly with all stakeholders, which helps ensure loans are processed efficiently and accurately.

What Does a Loan Processor Do?

A loan processor reviews loan applications before sending them to the underwriter for approval. As a loan processor, your responsibilities and duties include organizing required documents and verifying the accuracy and completeness of the loan application. You work as the intermediary between the loan officer and the underwriter, so you will not usually have direct contact with the customer. A good loan processor has excellent data and organizational skills, which are needed to succeed in this career.

What are loan processors?

Loan processors are financial professionals who review, verify, and organize loan applications before they are approved by underwriters. They collect necessary documentation from applicants, ensure all information is accurate, and communicate with borrowers and lenders throughout the process. Their primary goal is to make sure the loan file is complete and complies with lending regulations, helping to facilitate a smooth and timely loan approval.

What is the difference between Loan Processor vs Loan Underwriter?

AspectLoan ProcessorLoan Underwriter
Primary RolePrepares and reviews loan documents, gathers borrower informationAssesses loan risk and approves or declines loan applications
Required CredentialsHigh school diploma, some certifications preferredTypically requires mortgage or financial certifications
Work EnvironmentOffice setting, working closely with loan officers and applicantsOffice environment, analyzing financial data and risk
Industry UsageCommon in mortgage and banking sectorsIntegral to mortgage lending and financial institutions

While both roles are essential in the loan process, a Loan Processor focuses on preparing and verifying documents, whereas a Loan Underwriter evaluates the risk and makes approval decisions. Understanding these differences helps in choosing the right career path or job focus within the lending industry.

What does a loan processor do?

A loan processor reviews and verifies loan applications, gathers necessary documentation, and ensures all information complies with lending guidelines. They coordinate with borrowers, underwriters, and lenders to facilitate the approval process and often use loan origination software. Attention to detail and knowledge of financial regulations are essential skills for this role.

Is it hard to become a loan processor?

Becoming a loan processor typically requires a high school diploma or equivalent, strong organizational skills, and attention to detail. Some employers prefer candidates with experience in banking or finance, and familiarity with loan processing software can be beneficial. The role often involves on-the-job training and may require passing a background check.
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What states have the most Loan Processor jobs? States with the most job openings for Loan Processor jobs include:

Loan Processor

Legacy Mortgage Loans Inc

San Fernando, CA โ€ข On-site

$20 - $30/hr

Full-time

Posted 27 days ago


Job description

Benefits:
  • Bonus based on performance
  • Free food & snacks
  • Opportunity for advancement

Benefits/Perks
  • Careers Advancement Opportunitiesย 
  • Flexible Scheduling
  • Competitive Compensationย 
Job Summary
We are seeking an experienced Loan Processor to join our team. In this role, you will evaluate and process loan applications. Your responsibilities will include interviewing applicants to gather financial information, evaluating creditworthiness, and completing loan contracts. The ideal candidate has excellent communication and customer service skills and a deep understanding of current lending practices and regulations.
Responsibilitiesย 
  • Interview applicants to gather financial information
  • Evaluate creditworthiness
  • Process loan applications
  • Set up debt payment plans
  • Report on financing decisions
  • Complete loan contracts
  • Assist clients in understanding the terms and conditions of their contracts
  • Maintain up-to-date knowledge of current financial services and types of loans
  • Keep detailed records for all accounts
Qualifications
  • Bachelorโ€™s degree in finance, economics, or a related field
  • Previous experience as a Loan Processor is preferred
  • Familiarity with Microsoft Excel, databases, and loan processing and banking software
  • Knowledge of lending products and practices
  • Strong customer service and communication skills
  • Ability to perform in a goal-oriented environment