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

KeyBank

Mortgage Loan Officer

Tacoma, WA · On-site

Originate and process a targeted number of family residential real estate mortgage transactions in ... Gather documents at the time of registering a loan and remain the primary point of contact for the ...

Keybank

Mortgage Loan Officer

Tacoma, WA · On-site

Originate and process a targeted number of family residential real estate mortgage transactions in ... Gather documents at the time of registering a loan and remain the primary point of contact for the ...

Keybank

Mortgage Loan Officer

Federal Way, WA · On-site

Originate and process a targeted number of family residential real estate mortgage transactions in ... Gather documents at the time of registering a loan and remain the primary point of contact for the ...

KeyBank

Mortgage Loan Officer

Des Moines, WA · On-site

Originate and process a targeted number of family residential real estate mortgage transactions in ... Gather documents at the time of registering a loan and remain the primary point of contact for the ...

KeyBank

Mortgage Loan Officer

Federal Way, WA · On-site

Originate and process a targeted number of family residential real estate mortgage transactions in ... Gather documents at the time of registering a loan and remain the primary point of contact for the ...

Newrez

Sr. Loan Officer

Seattle, WA · On-site

Stay in constant communication with clients through the loan process from application to closing ... Stay informed of developing trends in the mortgage industry. * Engage in marketing and promotional ...

Newrez

Sr. Loan Officer

Tacoma, WA

Stay in constant communication with clients through the loan process from application to closing ... Stay informed of developing trends in the mortgage industry. * Engage in marketing and promotional ...

Newrez LLC

Sr. Loan Officer

Seattle, WA · On-site

Stay in constant communication with clients through the loan process from application to closing ... Stay informed of developing trends in the mortgage industry. * Engage in marketing and promotional ...

Generations Home Loans

Mortgage Loan Officer

Tacoma, WA · Remote

$150K - $300K/yr

Generations Home Loans is seeking experienced, licensed Mortgage Loan Officers with a demonstrated ... the purchase process, and intentionally grow a referral-based business designed for long-term ...

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Showing results 21-40

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.
More about Loan Processor jobs

What are the most commonly searched types of Loan Processor jobs in Federal Way, WA?

The most popular types of Loan Processor jobs in Federal Way, WA are:

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For Loan Processor jobs in Federal Way, WA, the most frequently searched job titles are:

What cities near Federal Way, WA are hiring for Loan Processor jobs?

Cities near Federal Way, WA with the most Loan Processor job openings:

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.

Mortgage Loan Officer

KeyBank

Tacoma, WA • On-site

Full-time

Re-posted 11 days ago

KeyBank rating

8.2

Company rating: 8.2 out of 10

Based on 99 frontline employees who took The Breakroom Quiz

50th of 171 rated banks

Job description

Location:
1101 Pacific Avenue - Tacoma, Washington 98402
Job Summary
The Mortgage Loan Officer (MLO) assists clients with the origination of residential mortgage loans, including providing analysis and advice to current and prospective clients on home lending solutions that meet their needs and financial objectives. The MLO is expected to develop referrals as a means to grow Key's home lending business and client base. The MLO is expected to meet or exceed established sales goals while maintaining high standards of client satisfaction and loan quality.
Essential Functions
  • Prospect home lending business to build and develop new client loan originations and relationships.
  • Originate and process a targeted number of family residential real estate mortgage transactions in accordance with Home Lending process and product guidelines.
  • Provide clients with detailed information about various mortgage options, interest rates, and terms to help them make informed decisions
  • Gather documents at the time of registering a loan and remain the primary point of contact for the client during the loan process.
  • Maintain high standards of client satisfaction and quality, ensuring sales/originator systems and workflows are efficiently controlled.
  • Develop and maintain deep knowledge of KeyBank products, services, and competitive offerings.
  • Maintain proficiency on sales/originator systems and develop efficient workflows.
  • Keep informed of trends and developments in the real estate market and mortgage industry.
  • Works in a branch environment to provide in-person client services 4+ days/week, to include participating in morning huddles and end of day debriefs on targeted days.
  • Performs other duties as assigned; duties, responsibilities and/or activities may change or new ones may be assigned at any time with or without notice
  • Complies with all KeyBank policies and procedures, including without limitation, acting professionally at all times, conducting business ethically, avoiding conflicts of interest, and acting in the best interests of Key's clients and Key.

Education
  • Bachelor's Degree in a business-related field or equivalent experience (preferred)

Work Experience
  • 3+ years Experience as a loan officer in 1st mortgage production (preferred)
  • 3+ years Working knowledge of FNMA, FHLMC, FHA, VA, TIL regulations, Equal Credit Opportunity Act, RESPA regulations, local and state real estate and finance laws (preferred)

Skills
  • Excellent communication skills, both written and verbal.
  • Strong customer service skills.
  • Proficient in sales and service skills, including tele-consulting, prospecting, networking, and COI relationship management.
  • Demonstrate strong financial acumen by understanding the business priorities of clients, analyzing market trends, and providing strategic advice on mortgage products and lending solutions.
  • Generate new mortgage business and manage the loan origination process from initial application through to closing.
  • Navigate the home mortgage process, from application to closing, providing advice on interest rates and repayment terms.
  • Build partnerships with real estate agents and financial advisors.

Core Competencies
  • All KeyBank employees are expected to demonstrate Key's Values and sustain proficiency in identified Leadership Competencies.

Physical Demands
  • General Office - Prolonged sitting, ability to communicate face to face in person or on the phone with teammates and clients, frequent use of PC/laptop, occasional lifting/pushing/pulling of backpacks, computer bags up to 10 lbs.

Driving Requirements
  • May need to drive to multiple locations in a single day; ability to operate a motor vehicle with a valid driver's license required.

COMPENSATION AND BENEFITS
This position is eligible to earn commission and deferred incentive compensation.
Please click here for a list of benefits for which this position is eligible.
Job Posting Expiration Date: 09/01/2026KeyCorp is an Equal Opportunity Employer committed to sustaining an inclusive culture. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, genetic information, pregnancy, disability, veteran status or any other characteristic protected by law.
Qualified individuals with disabilities or disabled veterans who are unable or limited in their ability to apply on this site may request reasonable accommodations by emailing HR_Compliance@keybank.com.

What KeyBank employees say

Pay

Benefits

Hours and flexibility

Workplace

Get the full story on Breakroom

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About KeyBank

Sourced by ZipRecruiter

Key is one of the nation's largest bank-based financial services companies. Key provides deposit, lending, cash management, insurance, and investment services to individuals and businesses in 15 states under the name KeyBank National Association through a network of more than 1,200 branches and more than 1,500 ATMs. Key also provides a broad range of sophisticated corporate and investment banking products, such as merger and acquisition advice, public and private debt and equity, syndications, and derivatives to middle market companies in selected industries throughout the United States under the KeyBanc Capital Markets trade name.

Industry

Banking and credit intermediation

Company size

10,000+ Employees

Headquarters location

Cleveland, OH, US

Year founded

1849

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