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Loan Processor Jobs in Federal Way, WA (NOW HIRING)

CrossCountry Mortgage

Loan Processor

Lacey, WA · On-site

$20.50 - $27.25/hr

The Loan Processor is responsible for providing quality customer service by obtaining necessary documentation to underwrite the loan and orders third party documentation by communicating directly ...

iVantage Group

Consumer Loan Processor

Bellevue, WA · On-site

$21.50 - $26.75/hr

The Processor works with loan officers, borrowers, and third party providers to obtain documentation and submit a thorough, accurate, and complete loan package to Underwriting. * Pro-actively ...

iVantage Group

Consumer Loan Processor

Bellevue, WA · On-site

$21.50 - $26.75/hr

The Processor works with loan officers, borrowers, and third party providers to obtain documentation and submit a thorough, accurate, and complete loan package to Underwriting. * Pro-actively ...

CrossCountry Mortgage

Loan Officer Assistant

Lacey, WA · On-site

$40K - $55K/yr

The Sales Assistant works directly with CCM customers, loan officers, and processors to ensure a positive customer experience and facilitate timely loan closings. Job Responsibilities: * Assist in ...

Guild

Loan Officer

Tacoma, WA · On-site

Collaborate closely with underwriters, processors, realtors, and lenders to facilitate a seamless loan approval process. * Obtain accurate and thorough 1003 and close at least two (2) loans a month ...

Guild

Loan Officer

Maple Valley, WA · On-site

Collaborate closely with underwriters, processors, realtors, and lenders to facilitate a seamless loan approval process. * Obtain accurate and thorough 1003 and close at least two (2) loans a month ...

Guild Mortgage

Loan Officer

Maple Valley, WA · On-site

$15K - $62K/yr

Collaborate closely with underwriters, processors, realtors, and lenders to facilitate a seamless loan approval process. * Obtain accurate and thorough 1003 and close at least two (2) loans a month ...

Guild Mortgage

Loan Officer

Tacoma, WA · On-site

$15K - $62K/yr

Collaborate closely with underwriters, processors, realtors, and lenders to facilitate a seamless loan approval process. * Obtain accurate and thorough 1003 and close at least two (2) loans a month ...

Guild

Loan Officer

Federal Way, WA · On-site

Collaborate closely with underwriters, processors, realtors, and lenders to facilitate a seamless loan approval process. * Obtain accurate and thorough 1003 and close at least two (2) loans a month ...

Guild Mortgage

Loan Officer

Federal Way, WA

$15K - $62K/yr

Collaborate closely with underwriters, processors, realtors, and lenders to facilitate a seamless loan approval process. * Obtain accurate and thorough 1003 and close at least two (2) loans a month ...

TIMBERLAND BANCORP INC

Residential Loan Officer

Lacey, WA · On-site

$39.70 - $58.38/hr

Obtain necessary financial information to process loan applications. * Input loan information on loan systems, verifies credit, identification, reviews documentation to calculate income, and analyzes ...

TIMBERLAND BANK MASTER

Residential Loan Officer

Lacey, WA · On-site

$39.70 - $58.38/hr

Obtain necessary financial information to process loan applications. * Input loan information on loan systems, verifies credit, identification, reviews documentation to calculate income, and analyzes ...

Mortgage Advisory Group

Loan Originator

Seattle, WA · On-site

We pride ourselves on extensive knowledge of mortgage loan programs as well as our state-of-the-art business processes, facility and equipment that help us deliver high-value services, quickly and ...

Mortgage Advisory Group

Loan Originator

Seattle, WA · On-site

We pride ourselves on extensive knowledge of mortgage loan programs as well as our state-of-the-art business processes, facility and equipment that help us deliver high-value services, quickly and ...

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All JobsLoan Processor JobsLoan Processor Jobs in Federal Way, WA

Loan Processor information

See Federal Way, WA salary details

$15

$23

$34

How much do loan processor jobs pay per hour?

As of Aug 21, 2026, the average hourly pay for loan processor in Federal Way, WA is $23.79, according to ZipRecruiter salary data. Most workers in this role earn between $20.14 and $26.83 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 Federal Way, WA as of August 2026, with employment types broken down into 1% As Needed, 79% Full Time, 17% Part Time, and 3% Contract. Highlights an 94% Physical, 2% Hybrid, and 4% Remote job distribution, with an average salary of $49,480 per year, or $23.8 per hour.

Loan Processor

CrossCountry Mortgage

Lacey, WA • On-site

$20.50 - $27.25/hr

Full-time

Medical, Dental, Vision, Retirement

Re-posted 7 days ago

CrossCountry Mortgage rating

7.4

Company rating: 7.4 out of 10

Based on 27 frontline employees who took The Breakroom Quiz

Job description

CrossCountry Mortgage (CCM) is the nation's number one distributed retail mortgage lender with more than 9,000 employees operating over 700 branches and servicing loans across all 50 states, D.C. and Puerto Rico. Our company has been recognized ten times on the Inc. 5000 list of America's fastest-growing private businesses and has received many awards for our standout culture.
A culture where you can grow! CCM has created an exceptional culture driving employee engagement, exceeding employee expectations, and directly impacting company success. At our core, our entrepreneurial spirit empowers every employee to be who they are to help us move forward together. You'll get unwavering support from all departments and total transparency from the top down.
CCM offers eligible employees a competitive compensation plan and a robust benefits package, including medical, dental, vision, as well as a 401K. We also offer company-provided short-term disability, an employee assistance program, and a wellness program.
Position Overview:
The Loan Processor is responsible for providing quality customer service by obtaining necessary documentation to underwrite the loan and orders third party documentation by communicating directly with the customer and/or Loan Officer. The Loan Processor provides proper disclosures when required by applicable local, state, and federal regulations.
Job Responsibilities:
  • Perform a thorough review and analysis of borrower's credit, employment, income, and assets as required by the loan program before submitting to underwriting.
  • Assemble the complete loan package in proper order for underwriting.
  • Verify all required documentation (pre-underwrite) in the file.
  • Complete the required loan checklist.
  • Verify that an application is complete and accurate; identify any potential issues that may arise in underwriting.
  • Prepare a loan approval summary, Forms 1008 and 1003, and ensure the accuracy of all the information printed on the documents; communicate directly with the Loan Originator, customer, and Underwriter to obtain initial and any missing documentation required to qualify for the loan.
  • Review loans for compliance with all mortgage-related regulations (RESPA, TIL, HMDA, Reg. B, etc.) and prepare required disclosures.
  • Communicate with various companies to obtain Property Survey, Flood Certificate, Title Commitment, and payoff information.
  • Verify that vendor orders are complete, invoices are received and in the applicant's E-file.
  • Manage pipeline by completing and submitting reports within allotted turn-around times.
  • Assist set-up of loans.
  • Document all communication related to the loan application in the conversation log.
  • Train and assist supervision of new Loan Processors and other processing personnel.
  • Assist closing, secondary marketing, and loan servicing to obtain and clear outstanding suspense items from CrossCountry Mortgage investors.
  • Available to work varying hours and overtime if needed.

Qualifications and Skills:
  • High School Diploma or equivalent.
  • Minimum of 5 years' residential mortgage processing experience.
  • Experience with Encompass.
  • Working knowledge of RESPA regulations and general knowledge of all mortgage and consumer lending regulations, including but not limited to Regulation Z and Regulation B requirements, and loan documents, preferred.
  • Knowledge of DU, LP, Microsoft Office, and Windows.
  • Excellent math and analytical skills.
  • Excellent communication skills.
  • Excellent prioritization and time management skills.

This job description is intended to convey information essential to understanding the scope of the job and the general nature and level of work performed by job holders within this job. However, this job description is not intended to be an exhaustive list of qualifications, skills, efforts, duties, responsibilities or working conditions associated with the position.
CrossCountry Mortgage, LLC offers MORE than a job, we offer a career. Apply now to begin your path to success! careersatccm.com
CrossCountry Mortgage, LLC strives to provide employees with a robust benefit package: https://mycrosscountrybenefits.com
California residents: Please see CrossCountry's privacy statement for information about how CrossCountry collects and uses personal information about California applicants.
CrossCountry Mortgage supports equal employment opportunity in hiring, development and advancement for all qualified persons without regard to race, color, religion, religious creed, national origin, age, physical or mental disability, ancestry, marital status, uniformed service, covered veteran status, citizenship status, sex (including pregnancy, childbirth, and related medical conditions, and lactation), sexual orientation, gender identity, gender expression, transgender status, domestic violence victim status (where applicable), protected hair style or texture, genetic information (testing or characteristics), or any other protected status of an individual or because of the individual's association with a member of a protected group or any other characteristic protected by federal, state, or local law ("Protected Characteristics"). The collective sum of the individual differences, life experiences, knowledge, inventiveness, innovation, self-expression, unique capabilities and talent that our employees invest in their work represents a significant part of not only our culture, but our reputation. The Company is committed to fostering, cultivating and preserving a culture that welcomes diversity and inclusion.
CrossCountry Mortgage, LLC (NMLS3029) is an FHA Approved Lending Institution and is not acting on behalf of or at the direction of HUD/FHA or the Federal government. To verify licensing, please visit www.NMLSConsumerAccess.org

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