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Loan Processor Jobs in Lawrence, KS (NOW HIRING)

Completes daily processes and maintains pace with month end, quarter end and year end volume levels. * Enters customer and loan information into the Bank's loan origination system with specific ...

Loan Servicing Representative

Topeka, KS ยท On-site

$18 - $22.50/hr

Process Paid Files * Perform maintenance on both consumer and commercial loans * Calculate and process payoffs * Post transactions to loans and general ledger accounts * Service participation loans

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Loan Processor information

See Lawrence, KS salary details

$12

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How much do loan processor jobs pay per hour?

As of Sep 6, 2026, the average hourly pay for loan processor in Lawrence, KS is $20.09, according to ZipRecruiter salary data. Most workers in this role earn between $17.02 and $22.69 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.

What are the most commonly searched types of Loan Processor jobs in Lawrence, KS?

The most popular types of Loan Processor jobs in Lawrence, KS are:

What are popular job titles related to Loan Processor jobs in Lawrence, KS?

For Loan Processor jobs in Lawrence, KS, the most frequently searched job titles are:

What job categories do people searching Loan Processor jobs in Lawrence, KS look for?

The top searched job categories for Loan Processor jobs in Lawrence, KS are:

What cities near Lawrence, KS are hiring for Loan Processor jobs?

Cities near Lawrence, KS with the most Loan Processor job openings:

Infographic showing various Loan Processor job openings in Lawrence, KS as of August 2026, with employment types broken down into 100% Full Time. Highlights an 100% In-person job distribution, with an average salary of $41,785 per year, or $20.1 per hour.

Commercial Loan Processor II

First Option Bank

Osawatomie, KS โ€ข On-site

Full-time

Posted 19 days ago


Job description

Job Summary:
Processes commercial loan file from opening through closing. Creates, assembles and reviews for completeness the documentation necessary to be included in file for commercial loans. Provide quality customer service according to "Customer Pledge" for loan servicing.
Qualifications:
Required:
โ€ข Minimum of 3-5 years of experience in commercial and/or consumer loan processing within a financial
institution.
โ€ข Advanced knowledge of commercial and consumer lending operations, documentation, and loan
processing procedures.
โ€ข Strong understanding of lending regulations, compliance requirements, and bank policies.
โ€ข Experience reviewing corporate documents and determining proper ownership structures and loan titling.
โ€ข Ability to manage multiple loan files and priorities while meeting deadlines in a fast-paced environment.
โ€ข Strong analytical, problem-solving, and decision-making skills.
โ€ข Excellent attention to detail with a high degree of accuracy in document preparation and review.
โ€ข Ability to communicate effectively and professionally with customers, lenders, attorneys, title companies, appraisers, and other third parties.
โ€ข Ability to work independently while collaborating effectively within a team environment.
โ€ข Demonstrated ability to assist with training and mentoring other loan processors
Preferred:
โ€ข Associate's or Bachelor's degree in Business, Finance, Accounting, or a related field preferred.
โ€ข Experience processing both commercial and consumer loans from application through post-closing.
โ€ข Knowledge of loan servicing functions, including payments, payoffs, advances, and automatic debit maintenance.
โ€ข Familiarity with lien perfection requirements, UCC filings, collateral documentation, and title work.
โ€ข Strong proficiency in Microsoft Office applications and loan origination/core banking systems.
โ€ข Experience maintaining pipeline tracking, transaction logs, and electronic loan files.
โ€ข Exceptional organizational, customer service, and time management skills.
Primary Duties
Processing:
โ€ข Process commercial loans from application to post closing - including:
o Ordering appraisals, title work, credit reports, flood determinations
o Document Certificate of Good Standing status
o Review corporate documents, evaluate correct ownership/titling
o Assist Loan Officer with acquiring documentation to meet policies and guidelines
o Maintain organized pipeline tracking document
o Provide loan funding, process closing documents, necessary lien perfection filing
o Maintain knowledge of commercial regulatory requirements
o Assist in clearing technical exceptions
โ€ข Communicate effectively and professionally with third parties
โ€ข Complete Pre-Closing reviews
โ€ข Update transaction logs as stated in job aids - Loan Disbursement, Escrow, Cashier's Check
โ€ข Prepare Adverse Action Statements
Type Consumer Loans:
โ€ข Collaborate with Lender and Borrower to obtain necessary requirements to prepare consumer loan
documents according to Loan Policy and Guidelines
โ€ข Disburse loan funds, ensure proper lien perfection documentation is completed and notify insurance
agent upon completion of loan documents
โ€ข Provide completed loan documents for booking as outlined in department process
Training:
โ€ข Assist in Training and Development of Loan Processors.
o Able to accurately answer questions for other employees.
o Assist in maintaining up to date training material/documents.
Servicing:
โ€ข Promptly reply to requests to post payments, advances, payoffs, auto-debits or general customer questions
โ€ข Assist customers with and retrieve online loan application submissions
โ€ข Manage participation and syndicated loan servicing activities, serving as the primary point of contact for participating financial institutions and ensuring compliance with loan agreements, payment distributions, reporting requirements, and ongoing portfolio administration.
Other:
โ€ข Performs other tasks requested by supervisor as they relate to the Bank and its functions.
WORK DAYS/HOURS (In Person)
Monday - Friday
8:00 am to 5:00 pm