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Loan Processor Jobs in Alaska (NOW HIRING)

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Loan Processor information

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$14

$22

$33

How much do loan processor jobs pay per hour?

As of Sep 1, 2026, the average hourly pay for loan processor in Alaska is $22.94, according to ZipRecruiter salary data. Most workers in this role earn between $19.42 and $25.87 per hour, depending on experience, location, and employer.

What is a loan processor?

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

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.

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 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.

Can I work remotely as a loan processor?

Loan processors can often work remotely, especially with the increased use of digital document management and communication tools. Many companies offer remote or hybrid schedules, but specific arrangements depend on employer policies and the need for secure handling of sensitive financial information.

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 financial regulations.
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Loan Processor jobs near you
Infographic showing various Loan Processor job openings in Alaska as of August 2026, with employment types broken down into 1% As Needed, 83% Full Time, 12% Part Time, 1% Temporary, and 3% Contract. Highlights an 96% Physical, 2% Hybrid, and 2% Remote job distribution, with an average salary of $47,717 per year, or $22.9 per hour.

Commercial Loan Processor

Bristol Bay Native Corporation

Anchorage, AK • On-site

Full-time

Re-posted 10 days ago

Job description

Description
The Commercial Loan Processor is an integral member of the Alaska Growth Capital team who performs all aspects of loan origination, processing, closing, and ongoing servicing for commercial lending activities, including various government guaranteed loans.
BACKGROUND
Alaska Growth Capital (AGC), is a leading provider of business loans, tax credits and development services across Alaska and the northwestern U.S. utilizing programs offered by the Small Business Administration (SBA), U.S. Department of Agriculture (USDA), and CDFI Fund. AGC strives to support business borrowers' growth and development through innovative credit solutions. More than just a lender, AGC provides training and technical assistance resources to new and growing businesses, from Anchorage-based startups to community-focused businesses in rural Alaska to Alaska Native Corporations statewide. AGC's experienced team of professionals are mission driven, community and client focused, and have fun working together.
RESPONSIBILITIES
  • Origination: Review loan applications for completeness, conduct initial credit and lien searches, track pending due diligence items, input new customer data into various systems.
  • Processing: Prepare and review loan documentation, order necessary documentation for lien perfection for varied assets (real property, equipment, accounts receivable, aircraft, vessels, etc.), coordinate with customer to obtain required information.
  • Closing: Coordinate with Loan Officer and close loans in accordance with all applicable policies and procedures, conduct all activities related to fund disbursements, perfecting all applicable security interests.
  • Servicing: Track and follow up on required ongoing borrower financial reporting, track and follow up on various open ticklers, maintain complete and organized physical and electronic loan files and systems, monitor for past due payments and reporting and coordinate with Loan Officer to satisfy, assist in preparation and review of various internal and external portfolio reporting, lead efforts to assure servicing is meeting SBA, USDA, and NMTC requirements, process Loan Officer requests for releases of collateral or loan modifications.
  • General Support: Provide general support to Loan Officers and Management, as needed, for various projects and initiatives.

ESSENTIAL SKILLS
  • Time Management: Uses time effectively and efficiently, concentrating efforts on the more important priorities.
  • Composure: Is cool under pressure and can handle stress. Can be counted on to hold things together during tough times and adapt to changing priorities.
  • Self-Development: Is personally committed to and actively works to continuously improve and understands that different situations and levels may call for different skills and approaches.
  • Learning on the Fly: Learns quickly when faced with new problems and change. Collaborates to find solutions and enjoys the challenge of unfamiliar tasks.
  • Functional/Technical Skills: Has the functional/technical knowledge and skills to do the job at a high level of accomplishment.
  • Strong attention to detail
  • Strong customer service skills
  • Team player with excellent verbal and written communications skills, positive attitude, self-motivated, and good organizational skills

Physical Demands:
  • Occasional standing, walking, climbing, stooping, kneeling, sitting for long periods of time, and lifting (up to 50 lbs).
  • Requires hand dexterity and various vision abilities.
  • Reasonable accommodations available for individuals with disabilities.

DISCLAIMERS
This job description is not a legal document and in no way states or implies that these are the only duties to be performed by the employee occupying this position. The incumbent is expected to perform other duties necessary for the effective operation of the department. Any qualifications to be considered as equivalents in lieu of stated minimums require prior approval of Human Resources.
BBNC grants employment preference first to BBNC shareholders, their spouses or descendants, and second to Alaska Native Corporation shareholders in accordance with P.L. 93-638.
ADVANCEMENT OPPORTUNITY
  • This position can advance to Commercial Loan Processor II

Requirements
  • Minimum two years of commercial or small business loan processing experience
  • General knowledge of commercial loan documentation, closing procedures, and government loan guaranty programs
  • Experience with LaserPro Documentation preferred
  • Post-secondary education strongly preferred

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