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Loan Processor Jobs in Dearborn, MI (NOW HIRING)

GreenStone

Loan Processor

Ann Arbor, MI · On-site

$150/day

As a Loan Processor at our organization, you'll have the opportunity to make a significant impact by fostering customer relationships and collaborating closely with our dedicated association staff.

Extreme Loans

Mortgage Loan Processor

Southfield, MI

$36K - $50K/yr

Extreme Loans is looking for a detail-oriented, high-energy Mortgage Loan Processor to join our growing team in Southfield. You will serve as the essential "engine" of the loan process, ensuring ...

Robert Half

Loan Processor - Support

Clawson, MI · On-site

$22.80 - $26.40/hr

We are looking for a detail-oriented Loan Processor - Support specialist to join a credit union team in Michigan. This Long-term Contract position focuses on managing mortgage loan documentation ...

Robert Half

Loan Processor - Support

Detroit, MI · On-site

$24.70 - $28.60/hr

We are looking for a detail-oriented Loan Processor - Support to join a credit union team in Detroit, Michigan. This Contract position will focus on reviewing mortgage documentation, maintaining ...

Tomo

Mortgage Loan Processor (Detroit)

Detroit, MI · On-site

$75K - $85K/yr

Mortgage Loan Processor At Tomo, we're on a mission to make the home buying process simple, transparent, and memorable. Our Loan Processors are trusted guides for customers, helping them navigate ...

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All JobsLoan Processor JobsLoan Processor Jobs in Dearborn, MI

Loan Processor information

See Dearborn, MI salary details

$12

$19

$28

How much do loan processor jobs pay per hour?

As of Aug 30, 2026, the average hourly pay for loan processor in Dearborn, MI is $19.57, according to ZipRecruiter salary data. Most workers in this role earn between $16.59 and $22.07 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 Dearborn, MI as of August 2026, with employment types broken down into 1% As Needed, 81% Full Time, 14% Part Time, and 4% Contract. Highlights an 96% Physical, 2% Hybrid, and 2% Remote job distribution, with an average salary of $40,706 per year, or $19.6 per hour.

Loan Processor

GreenStone

Ann Arbor, MI • On-site

$150/day

Other

Medical, Dental, Vision, Life, Retirement, PTO

Posted 24 days ago

Job description

At GreenStone Farm Credit Services, we're seeking a dedicated and customer-focused Loan Processor to be the cornerstone of our exceptional service for our Country Living (consumer) segment. This role stands as a vital pillar within our team, directly contributing to our seamless loan processing and loan documentation operations. As a Loan Processor at our organization, you'll have the opportunity to make a significant impact by fostering customer relationships and collaborating closely with our dedicated association staff.
Working Hours: Enjoy a consistent schedule of 8am-4:30pm, Monday - Friday in the office, providing you with a stable work-life balance.
Get to know GreenStone
Our $16 billion portfolio of customers, ranging from rural homeowners to global agriculture and food businesses, provides our employees with a unique opportunity to maintain a local presence while working for a top workplace. Our diverse business structure provides exciting opportunities for passionate, talented professionals in many areas. Additionally, many of our team members are highly respected in their area of expertise at both the state and national level making GreenStone one of the top Farm Credit associations in the country.
Culture
Core Four values steer everything we do at GreenStone. Customer First, Delivery Quality, Get involved, Do the right thing. Employees work as a team to create a company fueled by the desire to best serve each other and our customers every day. Greenstone culture promotes innovative thinking, professional development, health and wellness, and a relaxed work environment with flexible schedules.
What can we offer you?
GreenStone trusts the people we hire. We empower employees to make the best decisions for the customer and the company.
GreenStone has an outstanding Total Rewards package, which includes, but is not limited to:

  • 15 vacation days, 12 sick days, and 12 paid holidays per year
  • 401(k) plan - up to a 9% employer contribution/match
  • Medical, Dental, Vision, STD, LTD, Life/AD&D benefits, etc.
  • $150/year Logo Wear allowance
  • $400/year Wellness Subsidy/Reimbursement & wellness programs
  • $6,000 lifetime maximum Student Debt repayment program
  • Yearly bonus/incentive opportunity available to all benefit eligible employees
Day in the life of a Loan Processor
  • From collecting, coordinating, and uploading documentation to facilitating loan closings, your role will touch every aspect of the loan process to ensure accuracy and customer satisfaction.
  • Providing disclosures in a timely manner in accordance with compliance.
  • Responsible for clearing any approval conditions as outlined by legal or credit.
  • You'll be involved in tasks ranging from data entry, loan servicing, property management coordination, and supply ordering.
  • Other tasks include ordering title commitments, flood insurance, appraisals, generating loan documents, reading legal descriptions, and working closely with the loan officer and borrower to clear exceptions prior to closing.
  • Providing excellent internal and external customer service will be at the core of your daily interactions.
  • This role will also consist of daily customer interactions, answering incoming calls, receipting payments, and disbursing funds.
What Experience can you Bring?
  • HS Diploma or Equivalent
  • 2 + years customer service or office experience required.
What sets you Apart?
  • Mortgage, loan or title experience
  • Communication Expert: Excellent verbal and written communication skills to maintain relationships and provide status updates.
  • Detail-Oriented: Strong attention to detail to accurately enter and verify data.
  • Problem Solver: Ability to resolve issues efficiently and effectively.
  • Multitasking Pro: Skilled in managing multiple tasks and priorities.

GreenStone Farm Credit Services is an equal opportunity employer. It is our policy to provide equal employment opportunity to all persons regardless of race, color, religion, national origin, sex, sexual orientation, gender identity, age, disability, veteran status, genetic information, or any other characteristic protected by law. We comply with all federal, state and local equal employment opportunity regulations. We conduct all personnel decisions and processes relating to our employees and job applicants in an environment free of discrimination and harassment.

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