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Loan Processor Funder Jobs in Rio Rancho, NM (NOW HIRING)

Curvion Blue

Closer - Consumer Services

Albuquerque, NM · On-site

$90K - $300K/yr (+ commission)

Our clients operate in industries such as real estate, funding, financial services, career services ... Building credibility throughout the sales process * Consistently exceeding revenue targets

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All JobsLoan Processor Funder JobsLoan Processor Funder Jobs in Rio Rancho, NM

Loan Processor Funder information

See Rio Rancho, NM salary details

$26.8K

$47.9K

$88.9K

How much do loan processor funder jobs pay per year?

As of Sep 10, 2026, the average yearly pay for loan processor funder in Rio Rancho, NM is $47,879.00, according to ZipRecruiter salary data. Most workers in this role earn between $37,600.00 and $51,700.00 per year, depending on experience, location, and employer.

What does a loan processor funder do?

A Loan Processor Funder is responsible for reviewing, verifying, and processing loan applications, as well as ensuring all necessary documentation is complete and accurate. Once a loan is approved, they coordinate the disbursement of funds to the borrower or relevant parties. They act as a key liaison between lenders, underwriters, borrowers, and other involved parties to ensure smooth and timely loan closings. Their attention to detail helps prevent delays and ensures compliance with lending regulations.

What are the key skills and qualifications needed to thrive as a loan processor funder?

To thrive as a Loan Processor Funder, you need a solid understanding of mortgage lending, loan documentation, and regulatory compliance, usually supported by experience in banking or finance. Familiarity with loan origination systems (LOS), underwriting software, and industry-specific certifications like the NMLS are highly valued. Attention to detail, organizational skills, and strong communication are essential soft skills for managing multiple files and coordinating with clients and team members. These skills ensure accuracy, efficiency, and compliance throughout the loan funding process, which is critical for successful, timely closings.

What are some common challenges loan processor funders face when managing multiple loans simultaneously?

Loan Processor Funders often handle a high volume of loan files at various stages of the approval and funding process. Balancing strict deadlines, ensuring all documentation is complete, and keeping up with regulatory changes can be challenging. Effective organization, attention to detail, and strong communication skills are crucial for coordinating with underwriters, borrowers, and closing agents to prevent delays. Proactively managing priorities and staying updated on lending guidelines helps Loan Processor Funders maintain accuracy and efficiency.

What is the difference between Loan Processor Funder vs Loan Processor?

AspectLoan Processor FunderLoan Processor
CredentialsHigh school diploma, mortgage or loan processing certificationsHigh school diploma, mortgage or loan processing certifications
Work EnvironmentBank, mortgage company, or lending institutionBank, mortgage company, or lending institution
Primary RoleReviews loan files, prepares documents, and funds approved loansReviews loan applications, verifies information, and prepares files for approval

Both Loan Processor Funder and Loan Processor roles require similar credentials and work environments, often within banks or mortgage companies. The key difference is that Loan Processor Funders focus on finalizing and funding approved loans, while Loan Processors handle the initial review and processing of loan applications. Understanding these distinctions helps job seekers target the right roles in the lending industry.

How much do entry level loan processor funders make?

Entry-level loan processor funders typically earn between $35,000 and $50,000 annually, depending on location and company size. Starting salaries may include benefits such as health insurance and paid time off, and the role often requires basic knowledge of loan processing software and financial documentation.

Is a loan processor a difficult job?

A loan processor is responsible for reviewing and verifying loan applications, which requires attention to detail, strong organizational skills, and knowledge of lending regulations. The job can be demanding due to tight deadlines and the need for accuracy, but it is generally manageable with proper training and experience.
Infographic showing various Loan Processor Funder job openings in Rio Rancho, NM as of August 2026, with employment types broken down into 1% As Needed, 80% Full Time, 15% Part Time, and 4% Contract. Highlights an 96% Physical, 2% Hybrid, and 2% Remote job distribution, with an average salary of $47,879 per year, or $23 per hour.

AVP Construction Loan Administration

Albuquerque, NM • On-site

Nusenda Credit Union
Commercial Banking • 501 - 1,000 employees
Learn more about Nusenda Credit Unionexternal

Full-time

Medical, Retirement

Re-posted 27 days ago

Nusenda Credit Union rating

8.7

Company rating: 8.7 out of 10

Based on 6 frontline employees who took The Breakroom Quiz

Job description

Nusenda Credit Union is dedicated to excellent member service, care for our community, and being a great place to work. We strive to make a positive difference in the lives of our members and the communities we serve to help them achieve their financial goals. Diversity, equity, and inclusion are part of our culture and values.  

As an employer of choice, we invest in people and their careers. Our competitive employee benefits include several health and wellness options, competitive 401(k) matching contributions, professional development, and tuition assistance and more! 

Thank you for your interest in joining the Nusenda team! 

We are currently seeking an AVP of Construction Loan Administration to join our organization. As the AVP Construction Loan Admin, you will lead construction teams responsible for administering the residential homebuilder and commercial construction lending programs to ensure effective coordination of underwriting, documentation, origination, draw processing, and project monitoring. You'll manage credit and funding risk for the residential homebuilder portfolio and direct funding control processes for commercial projects, while collaborating with stakeholders to mitigate risk and ensure an excellent experience for construction projects. With the VP Business Services, you will also aide in developing processes, procedures, and systems to increase operational efficiency, and sustain growth.

What You'll Do:

  • Oversee, coordinate, and assist in the daily activity of the Construction Loan Administration department to include assignment of duties and special projects, monitoring workload and productivity, planning and prioritization, problem resolution, and develops recommendations for change or improvement.
  • Provide oversight of underwriting, origination, draw processing and project monitoring for commercial construction loan programs, including financing for land development, infrastructure, subdivision, ground-up construction, large-scale renovation projects, Small Business Administration (SBA) 504 financing, and for home construction lending programs, including committed and uncommitted master guidance lines for homebuilders and specialty residential construction loan products.
  • Oversee administration and credit risk management for the residential homebuilder portfolio, monitoring master guidance line exposure to ensure compliance with approved loan structures, commercial loan policy, and applicable regulations from the National Credit Union Administration (NCUA) and other agencies.
  • Monitor market trends and risks impacting the residential homebuilding industry using third-party data sources such as IBISWorld, CoStar, and publications from homebuilder industry associations, realtor associations, universities, and research centers.
  • Review and approve exceptions in the processing and funding of residential construction loan draws or escalate exceptions for approval in collaboration with the VP of Credit Administration.
  • Monitor, compile, analyze, and report to senior management on the overall performance, productivity, risk, and profitability of the residential homebuilder portfolio.

What You'll Need: 

  • Five years to eight years of similar or related experience
  • Bachelor’s degree in Business Administration, Finance, Accounting, Construction Management, or related field

Key Skills and Experience: 

  • Experience in mechanic’s lien rights, Power BI, American Institute of Architects (AIA) model contracts and forms, permitting, draw schedules, and subcontractor and materialmen billing practices.
  • Knowledge of applicable regulations including the Financial Institutions Recovery, Reform, and Enforcement Act (FIRREA), Interagency Appraisal and Evaluation Guidelines, Bank Secrecy Act (BSA), flood insurance, and state-level regulations

Nusenda Credit Union is an equal opportunity employer. All aspects of employment including the decision to hire, promote, discipline, or discharge, will be based on merit, competence, performance, and business needs. We do not discriminate on the basis of race, color, religion, marital status, age, national origin, ancestry, physical or mental disability, medical condition, pregnancy, genetic information, gender, sexual orientation, gender identity or expression, veteran status, or any other status protected under federal, state, or local law.

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