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Loan Processor Jobs in Bloomington, IN (NOW HIRING)

Owen County State Bank

Loan Processor

Spencer, IN · On-site

$16 - $21.50/hr

Processing loan and participation payments. * Maintain and process titled collateral. * Provide secretarial support for loan officers. * Proofread loans - Personal, auto and commercial loans. * Scan ...

Owen County State Bank

Loan Processor

Spencer, IN · On-site

$16 - $21.50/hr

Job Title Location 201 West Morgan Street, Spencer, IN, 47460, United States Job Category Customer Service, Banking, Lending Industry Banking, Mortgage Lending, Customer Service Employee Type ...

Newrez

Sr. Loan Officer

Bloomington, IN

Submit complete loan application, including all required documents and disclosures, and coordinate the process with assigned processing center. * Input loans into appropriate Automated Underwriting ...

Newrez LLC

Sr. Loan Officer

Bloomington, IN · On-site

Submit complete loan application, including all required documents and disclosures, and coordinate the process with assigned processing center. * Input loans into appropriate Automated Underwriting ...

Centra

Director Consumer Loan Underwriting

Columbus, IN · On-site

Develop and recommend strategic direction for the consumer loan underwriting department, focusing on optimizing underwriting processes for credit quality, efficiency, and profitability. Reviews and ...

Centra

Director Consumer Loan Underwriting

Columbus, IN · On-site

Develop and recommend strategic direction for the consumer loan underwriting department, focusing on optimizing underwriting processes for credit quality, efficiency, and profitability. Reviews and ...

Home Bank SB

Mortgage Loan Officer

Mooresville, IN · On-site

SUMMARY The mortgage loan officer is responsible for developing new business, structuring and the closing of mortgages, as well as maintain and servicing an existing portfolio. ESSENTIAL FUNCTIONS ...

Home Bank SB

Mortgage Loan Officer

Mooresville, IN

SUMMARY The mortgage loan officer is responsible for developing new business, structuring and the closing of mortgages, as well as maintain and servicing an existing portfolio. ESSENTIAL FUNCTIONS ...

Home Bank SB

Mortgage Loan Officer

Mooresville, IN · On-site

SUMMARYThe mortgage loan officer is responsible for developing new business, structuring and the closing of mortgages, as well as maintain and servicing an existing portfolio.ESSENTIAL ...

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Loan Processor information

See Bloomington, IN salary details

$12

$19

$28

How much do loan processor jobs pay per hour?

As of Sep 7, 2026, the average hourly pay for loan processor in Bloomington, IN is $19.70, according to ZipRecruiter salary data. Most workers in this role earn between $16.68 and $22.21 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.
More about Loan Processor jobs

What are the most commonly searched types of Loan Processor jobs in Bloomington, IN?

The most popular types of Loan Processor jobs in Bloomington, IN are:

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For Loan Processor jobs in Bloomington, IN, the most frequently searched job titles are:

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The top searched job categories for Loan Processor jobs in Bloomington, IN are:

What cities near Bloomington, IN are hiring for Loan Processor jobs?

Cities near Bloomington, IN with the most Loan Processor job openings:

Loan Processor jobs near you
Infographic showing various Loan Processor job openings in Bloomington, IN as of August 2026, with employment types broken down into 2% As Needed, 89% Full Time, and 9% Part Time. Highlights an 98% In-person, and 2% Remote job distribution, with an average salary of $40,985 per year, or $19.7 per hour.

Loan Processor

Owen County State Bank

Spencer, IN • On-site

$16 - $21.50/hr

Full-time

Re-posted 3 days ago

Job description

  1. Handle routine customer inquiries, questions and problems.
  2. Processing loan and participation payments.
  3. Maintain and process titled collateral.
  4. Provide secretarial support for loan officers.
  5. Proofread loans - Personal, auto and commercial loans.
  6. Scan loan files into Document Management System.
  7. Track errors and omissions policy for bank vendors.
  8. Track all business assets (ABA) insurance policies for commercial loans.
  9. Monthly reports compiled and distributed.
  10. Sort and mail statements and notices to borrowers.
  11. Other duties as assigned.

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