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Loan Processor Trainee Jobs in Ohio (NOW HIRING)

OneMain Financial

Loan Consultant

Cincinnati, OH · On-site

$17 - $20/hr

Develop new connections and maintain ones by engaging customers throughout the loan process and ... Management Trainee, Finance, Full-time, Career, Benefits, Customer experience, Financial ...

OneMain Financial

Loan Sales Specialist

Columbus, OH

$17 - $20/hr

Develop new connections and maintain ones by engaging customers throughout the loan process and ... Management Trainee, Finance, Full-time, Career, Benefits, Customer experience, Financial ...

OneMain Financial

Loan Sales Specialist

Lancaster, OH · On-site

$17 - $20/hr

Develop new connections and maintain ones by engaging customers throughout the loan process and ... Management Trainee, Finance, Full-time, Career, Benefits, Customer experience, Financial ...

OneMain Financial

Loan Sales Specialist

Marion, OH

$15 - $19/hr

Develop new connections and maintain ones by engaging customers throughout the loan process and ... Management Trainee, Finance, Full-time, Career, Benefits, Customer experience, Financial ...

OneMain Financial

Loan Sales Specialist

Ontario, OH · On-site

$17 - $19/hr

Develop new connections and maintain ones by engaging customers throughout the loan process and ... Management Trainee, Finance, Full-time, Career, Benefits, Customer experience, Financial ...

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How much do loan processor trainee jobs pay per hour?

As of Sep 1, 2026, the average hourly pay for loan processor trainee in Ohio is $20.25, according to ZipRecruiter salary data. Most workers in this role earn between $17.16 and $22.84 per hour, depending on experience, location, and employer.

What is a loan processor trainee?

Loan Processor Trainees are entry-level professionals who assist in preparing and organizing loan application files for review by underwriters and loan officers. They learn how to collect, verify, and process documents related to mortgage or other loan applications. Their role involves ensuring all necessary paperwork is complete and compliant with lending regulations. Over time, they gain the skills needed to become full-fledged loan processors, contributing to a smooth and efficient loan approval process.

What are some typical challenges a loan processor trainee might face when starting in the role?

As a Loan Processor Trainee, you may initially find it challenging to manage multiple loan files simultaneously while ensuring accuracy and compliance with lending regulations. Learning to interpret various financial documents and understanding lender-specific requirements can also require time and careful attention to detail. Additionally, balancing communication between loan officers, underwriters, and clients is crucial for keeping the process on track, so strong organizational and interpersonal skills are essential. With experience, these challenges become more manageable as you develop effective systems and gain familiarity with industry practices.

What are the key skills and qualifications needed to thrive as a loan processor trainee, and why are they important?

To thrive as a Loan Processor Trainee, you need a basic understanding of financial documentation, attention to detail, and at least a high school diploma or equivalent. Familiarity with loan origination systems, credit reporting tools, and document management software is typically required. Strong organizational skills, effective communication, and the ability to work under deadlines are standout soft skills in this position. These skills and qualities are crucial for accurately processing loan applications, ensuring regulatory compliance, and supporting a smooth lending process.

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

AspectLoan Processor TraineeLoan Processor
CredentialsTypically entry-level; may require a high school diploma or equivalentRequires experience; often a high school diploma or higher, with industry certifications
Work EnvironmentTraining environment, supervised, learning on the jobFull-time, independent role within banks or mortgage companies
ResponsibilitiesAssisting with document collection, learning loan processing proceduresReviewing documents, verifying information, preparing loan files

The main difference is that a Loan Processor Trainee is an entry-level position focused on learning and assisting, while a Loan Processor is a fully responsible role with established skills and experience. Trainees are in a learning phase, whereas processors handle the full scope of loan processing tasks independently.

How much do entry level loan processors make?

Entry-level loan processors typically earn between $35,000 and $45,000 annually, depending on location and employer. Starting salaries may increase with relevant skills, certifications, and experience in loan processing software and procedures.

Is a loan processor a difficult job?

A loan processor trainee role involves reviewing financial documents, verifying information, and ensuring compliance with lending guidelines. The job requires attention to detail, organizational skills, and familiarity with loan software, but it is generally considered manageable with proper training and experience.

What qualifications do I need to be a loan processor trainee?

To become a loan processor trainee, candidates typically need a high school diploma or equivalent. Strong organizational skills, attention to detail, and basic knowledge of financial documents are important; some employers may prefer familiarity with loan processing software or customer service experience.

What are the most commonly searched types of Loan Processor jobs in Ohio?

The most popular types of Loan Processor jobs in Ohio are:

What cities in Ohio are hiring for Loan Processor Trainee jobs?

Cities in Ohio with the most Loan Processor Trainee job openings:

Loan Processor Trainee jobs near you

Loan Consultant

OneMain Financial

Cincinnati, OH • On-site

$17 - $20/hr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Re-posted 24 days ago

OneMain Financial rating

7.5

Company rating: 7.5 out of 10

Based on 103 frontline employees who took The Breakroom Quiz

114th of 152 rated financial services

Job description

At OneMain, Loan Sales Specialists empower customers by listening to their needs and providing access to friendly, fast, and affordable financing for life’s expenses. In this role, our team members thrive in a competitive atmosphere where hard work and dedication directly influence success.  This role provides rewarding professional development and advancement opportunities in a dynamic and supportive environment. Loan Sales Specialists enjoy competitive compensation that recognizes both individual achievements and team success, all while growing their career.  
In the Role   
  • Effectively multitask and adapt to the dynamic demands of the role, ensuring timely and efficient service  
  • Exceed customer expectations through ease, empathy and encouragement, delivering results related to individual and branch goals  
  • Develop new connections and maintain ones by engaging customers throughout the loan process and life cycle, presenting tailored solutions based on customer needs 
  • Manage the life cycle of loans, including collections activities while maintaining compliance with all relevant laws and regulations 
  • Engage with customers and other departments through multiple technological channels, including phone, email, chat and our in-house systems 
  • Exhibit passion for achievement, bringing an internal drive to succeed and goal oriented attitude 
  • Clearly educate and inform customers on optional insurance products, ensuring customers have a thorough understanding of the loans, terms and their options  
Requirements:     
  • High School Diploma or GED      
Preferred:  
  • Sales, Collections or Customer Service experience    
  • Bilingual - Spanish    
Location: On site    
The schedule for this position is Monday-Friday during standard business hours, with some extended hours during the week as needed which may include Saturday.     
Who we Are 
A career with OneMain offers you the potential to earn an annual salary plus incentives. You can steer your career toward leadership roles such as Branch Manager and District Manager by taking advantage of a variety of robust training programs and opportunities to advance. Other team member benefits include: 
  • Health and wellbeing options including medical, prescription, dental, vision, hearing, accident, hospital indemnity, and life insurances  
  • Up to 4% matching 401(k)    
  • Employee Stock Purchase Plan (10% share discount)    
  • Tuition reimbursement    
  • Paid time off (15 days’ vacation per year, prorated based on start date)  
  • Paid sick leave as determined by state or local ordinance (prorated based on start date)  
  • 11 Paid holidays (4 floating holidays, prorated based on start date)  
  • Paid volunteer time (3 days per year, prorated based on start date) 
OneMain Financial (NYSE: OMF) is the leader in offering nonprime customers responsible access to credit and is dedicated to improving the financial well-being of hardworking Americans. Since 1912, we’ve looked beyond credit scores to help people get the money they need today and reach their goals for tomorrow. Our growing suite of personal loans, credit cards and other products help people borrow better and work toward a brighter future.  
In our more than 1,300 community branches and across the U.S., team members help millions of customers solve critical financial needs, including debt consolidation, home and auto repairs, medical procedures and extending household budgets. We meet customers where they want to be -- in person, by phone and online.   
At every level, we’re committed to an inclusive culture, career development and impacting the communities where we live and work. Getting people to a better place has made us a better company for over a century. There’s never been a better time to shine with OneMain.  
Key Word Tags    
Sales, Collections, Retail, Loan Sales, Customer Service, Customer Care, Business Development, New Grad, Newly Graduated, Entry level, Financial Sales, Management Development, Management Trainee, Finance, Full-time, Career, Benefits, Customer experience, Financial Representative, Credit, Leadership, Manager Trainee   
Target base salary range is $17.00-$20.00, which is based on various factors including skills and work experience. In addition to base salary, this role is eligible for a competitive additional compensation program that is based on individual and company performance.

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