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Loan Processor Jobs (NOW HIRING)

Loan Processor

San Fernando, CA ยท On-site

$19.25 - $25.50/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

$19.25 - $25.50/hr

Loan Processor This is a remote position. Overview of the Role: We are looking for a diligent and detail-oriented Loan Processor to join our team. In this role, you will be responsible for managing ...

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

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

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

San Antonio, TX ยท On-site

$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

Denver, CO ยท On-site

$19.25 - $25.75/hr

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

Los Angeles, CA ยท On-site

$55K - $70K/yr

Loan Processor We are seeking a Loan Processor to manage loan applications and ensure all documentation is accurate and complete throughout the lending lifecycle. This role is essential in ...

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

$100 - $200/hr

Are you an experienced, detail-oriented NonQM/DSCR mortgage loan processor who can successfully aid borrowers/real estate investors in navigating the mortgage lending process? If so, we are looking ...

Loan Processor

Pandora, OH ยท On-site

$17 - $22.75/hr

Job Summary First National Bank of Pandora is seeking a detail-oriented Loan Processor to join our Underwriting team. This position plays a key role in supporting the loan process by reviewing ...

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

Bourbonnais, IL ยท On-site

$18 - $24.25/hr

Loan Processor Job Overview: As a Loan Processor, you will play a vital role in our lending operations, responsible for efficiently processing loan files from application to closing. Having ...

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

Lake Charles, LA ยท On-site

$17.25 - $23/hr

LOAN PROCESSOR Loan Processor A local community bank is looking for a Loan Processor with experience in Commercial, Consumer, and mortgage loans. This position can be fully remote. This role demands ...

Loan Processor

Lafayette, LA ยท On-site

$18 - $23.75/hr

LOAN PROCESSOR Loan Processor A local community bank is looking for a Loan Processor with experience in Commercial, Consumer, and mortgage loans. This position can be fully remote. This role demands ...

Loan Processor

El Monte, CA ยท On-site

$20 - $31/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

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 ...

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Loan Processor information

See salary details

$13

$21

$30

How much do loan processor jobs pay per hour?

As of Jun 30, 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. Their total compensation may also include a base salary and bonuses, depending on the employer and location. Skills in underwriting and customer service can influence earning potential.

How do I become a loan processor?

To become a loan processor, typically a high school diploma or equivalent is required, and some employers prefer candidates with postsecondary education or relevant experience in banking or finance. Key skills include attention to detail, knowledge of loan documentation, and proficiency with loan processing software. Gaining experience through entry-level banking or administrative roles can also help build the necessary skills for this position.

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, ensuring all necessary documentation is complete and accurate. They assess borrower information, communicate with lenders and applicants, and prepare files for approval or denial, often using loan processing software. Attention to detail and knowledge of lending regulations are essential for this role.
What cities are hiring for Loan Processor jobs? Cities with the most Loan Processor job openings:
What are the most commonly searched types of Loan Processor jobs? The most popular types of Loan Processor jobs are:
Who are the top companies hiring for Loan Processor jobs? The top employers for Loan Processor jobs are:
What states have the most Loan Processor jobs? States with the most job openings for Loan Processor jobs include:
What job categories do people searching Loan Processor jobs look for? The top searched job categories for Loan Processor jobs are:
Infographic showing various Loan Processor job openings in the United States as of June 2026, with employment types broken down into 94% Full Time, 4% Part Time, and 2% Contract. Highlights an 96% In-person, and 4% Remote job distribution, with an average salary of $44,308 per year, or $21.3 per hour.

Loan Processor

Legacy Mortgage Loans Inc

San Fernando, CA โ€ข On-site

$19.25 - $25.50/hr

Other

Posted 7 days ago


Job description

Benefits:

Bonus based on performance

Free food & snacks

Opportunity for advancement

Benefits/Perks

Careers Advancement Opportunities

Flexible Scheduling

Competitive Compensation

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.

Responsibilities

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