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Loan Processor Jobs in Lafayette, IN (NOW HIRING)

Centier

Mortgage Loan Officer (Originator)

Lafayette, IN · On-site

$12.28/hr

Submit completed loan applications and all supporting documents to loan processing to begin processing of the loan. * Call applicants to resolve discrepancies such as derogatory credit, unlisted debt ...

F.C. Tucker, LLC

Mortgage Loan Originator

Lafayette, IN · On-site

$30K/yr

By actively researching loans for the best option and helping clients navigate the application, approval, and closing process in a timely and cost-effective manner, you will help to create long term ...

F.C. Tucker, LLC

Mortgage Loan Originator

Lafayette, IN · On-site

$30K - $60K/yr

By actively researching loans for the best option and helping clients navigate the application, approval, and closing process in a timely and cost-effective manner, you will help to create long term ...

Wallenius Wilhelmsen

Vehicle Processor

Lafayette, IN · On-site

Strong communication skills to follow instructions and maintain yard flow process. * Physical stamina to keep you active throughout the day. WHY JOIN US? At Wallenius Wilhelmsen, we prioritize your ...

Wallenius Wilhelmsen

Rail Processor

Lafayette, IN · On-site

We are powered by nearly 9,500+ people, working on vessels and at ports, at vehicle and equipment processing centers in 28 countries. Together, we are building resilient, connected, data-driven ...

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Loan Processor information

See Lafayette, IN salary details

$13

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How much do loan processor jobs pay per hour?

As of Sep 7, 2026, the average hourly pay for loan processor in Lafayette, IN is $20.50, according to ZipRecruiter salary data. Most workers in this role earn between $17.36 and $23.12 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 Lafayette, IN as of August 2026, with employment types broken down into 1% As Needed, 81% Full Time, 14% Part Time, and 4% Contract. Highlights an 95% Physical, 2% Hybrid, and 3% Remote job distribution, with an average salary of $42,630 per year, or $20.5 per hour.

Mortgage Loan Processor

First Farmers Bank & Trust

Kokomo, IN • On-site

$21/hr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Re-posted yesterday

Job description

Description

Mortgage Loan Processor

Kokomo, IN

$21/hr - would consider an increased compensation depending on experience 


About First Farmers Bank & Trust

First Farmers Bank & Trust has been proudly serving families, farms, and businesses since 1885, building relationships rooted in trust and community. With over 140 years of experience, we've grown to become one of the largest community banks in Indiana and Illinois, offering a full range of financial services-from personal and business banking to agricultural lending and mortgage solutions.


Our mission is simple: deliver personalized financial services while fostering strong relationships that help our communities thrive. We believe in combining today's digital banking convenience with the traditional values of integrity, perseverance, and customer care.


With 37 branches in Indiana and Illinois, we remain deeply committed to the communities we serve. Through initiatives like financial education programs, scholarships, volunteerism, and local partnerships, we invest in what matters most-people.

At First Farmers, we also invest in our employees. We offer competitive benefits, opportunities for professional growth, and a culture that values collaboration and community engagement. When you join our team, you're not just starting a job-you're joining a company built on heart and grit.


POSITION SUMMARY:

Accurately assists in retrieving and assembling proper loan documentation for loan packages after application is signed and initial disclosures are issued; then responsible for submitting loan packages to underwriting for final approval. Following disclosure of initial documents, we are responsible for completing the loan package in a timely and efficient manner. Performs variety of clerical duties, requiring knowledge of departmental procedures. Provides support and assistance to officers on a daily basis when needed. Set up & maintains files on each loan; ensuring information is complete and accurate before sending to underwriting.


DUTIES:

  • Order the following documentation for each loan: XML sheet, Homeowners Insurance, PMI Certificate, Veri-tax, Form 90/Verification of Employment, Customer Information and Risk Profile (CIP), Order Title Commitment
  • Review and ensure accuracy on all documents starting at First Review
  • Verify Income calculations and ensure there is proper documentation of all types of income
  • Attain good knowledge base of all mortgage products
  • Review private mortgage insurance qualifications and submit data to PMI company to obtain certificate
  • Communicate with Borrower, Loan Officer and Mortgage Operations to efficiently gather documentation and complete the loan process
  • Complete Mortgage Workflow tasks that are then sent on to Underwriting
  • Completion of educational assignments
  • Assure loans are processed in accordance with Company policy and procedure
  • All other job duties as assigned

Requirements

Minimum Qualifications

  • This position requires general banking knowledge, specifically in the mortgage and lending areas
  • Basic computer skills and a strong attention to detail and accuracy
  • Proven, successful ability to work independently and on a team
  • Willingness and ability to participate with community organizations and community projects


Preferred Qualifications

  • Previous Mortgage Loan experience
  • Strong working knowledge of lending policies, procedures and documentation requirements
  • Knowledge of Government Loans


Skills

  • Strong organization, good time management, and ability to multitask needed
  • Must have strong attention to detail


Benefits Overview:

At First Farmers Bank & Trust, we offer a comprehensive benefits package designed to support your health, financial well-being, and work-life balance:


Health & Wellness

  • Medical Insurance (eligible on date of hire) with options for High Deductible Health Plan (HDHP) and Co-Pay Plan
  • Vision Coverage
  • Dental Coverage
  • Prescription Plan
  • Wellness Incentive - earn up to $25 per pay period toward premium reduction

Financial Security

  • Life & Accidental Death & Dismemberment Insurance - 100% employer-paid
  • Short & Long-Term Disability Insurance - 100% employer-paid
  • 401(k) Plan
  • Profit Sharing Stock Option
  • Health Savings Account (HSA) contributions for HDHP participants

Paid Time Off

  • Vacation time
  • Sick Time
  • Personal Day
  • 11 Paid Holidays
  • Paid Bereavement

Additional Benefits

  • Paid time to volunteer (when representing FFBT and supervisor approved)
  • Voluntary Donated PTO Program
  • Employee Assistance Program
  • Travel Assistance Program
  • Educational Assistance Program
  • Corporate Discounts
  • Employee Referral Program
  • Stock Purchase Loan Option
  • Retirement Plan Counseling
  • Wellness Program
  • Gym Reimbursement
  • Employee Quarterly Recognition Program
  • AFLAC supplemental benefits
  • Cincinnati Life supplemental coverage
  • Family Medical Leave
  • Paid Bereavement Leave
  • Maternity Leave Policy

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