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Loan Processor Jobs in Madison, MS (NOW HIRING)

First South

Loan Processor

Ridgeland, MS · On-site

$15.50 - $20.75/hr

Processes loans daily, checking accounting accuracy and adherence to policy and procedures. May close loans and disburse proceeds to borrowers. - Ensures that existing and potential member/borrowers ...

First South Farm Credit

Loan Processor

Ridgeland, MS

$15.50 - $20.75/hr

Processes loans daily, checking accounting accuracy and adherence to policy and procedures. May close loans and disburse proceeds to borrowers. * Ensures that existing and potential member/borrowers ...

First South Farm Credit

Loan Processor

Ridgeland, MS · On-site

$15.50 - $20.75/hr

Processes loans daily, checking accounting accuracy and adherence to policy and procedures. May close loans and disburse proceeds to borrowers. * Ensures that existing and potential member/borrowers ...

USA Mortgage

Mortgage Loan Originator

Jackson, MS

$7.25/hr

Market and solicit residential loan business, ensuring all phases of the loan process are performed in accordance with company and regulatory guidelines * Advise and educate clients on the home ...

First State Bank

Mortgage Loan Originator

Madison, MS · On-site

The primary responsibility is to generate new customer relationships through active solicitation, to maintain the quality of existing loans and to oversee the mortgage lending process from ...

Sonic Healthcare USA

Processor

Jackson, MS

Perform a vital part of the patient care process by making sure laboratory specimens are properly processed, prepared, routed, and stored * Recognize when corrective action is needed and implement ...

Sonic Healthcare USA

Processor

Jackson, MS · On-site

Perform a vital part of the patient care process by making sure laboratory specimens are properly processed, prepared, routed, and stored * Recognize when corrective action is needed and implement ...

Mariner Finance

Consumer Loan Professional

Brandon, MS

$18 - $21/hr

Process credit loan applications. Analyze credit & financial information for current and potential customers. * Proactively contact customers with past due balances to offer possible solutions and ...

Mariner Finance

Consumer Loan Professional

Brandon, MS · On-site

$18 - $21/hr

Process credit loan applications. Analyze credit & financial information for current and potential customers. * Proactively contact customers with past due balances to offer possible solutions and ...

Mariner Finance

Consumer Loan Professional

Brandon, MS · On-site

$18 - $21/hr

Process credit loan applications. Analyze credit & financial information for current and potential customers. * Proactively contact customers with past due balances to offer possible solutions and ...

Tower Loan

Customer Service Representative

Richland, MS · On-site

$13.75 - $18.75/hr

Process loan applications and collect payments due. * Perform all other duties as assigned. Required * High School Diploma or GED * Must have a valid driver's license and reliable vehicle Preferred

Tower Loan

Customer Service Representative

Jackson, MS · On-site

$14 - $19/hr

Process loan applications and collect payments due. * Perform all other duties as assigned. Required * High School Diploma or GED * Must have a valid driver's license and reliable vehicle Preferred

Tower Loan

Customer Service Representative

Byram, MS · On-site

$13.75 - $18.75/hr

Process loan applications and collect payments due. * Perform all other duties as assigned. Required * High School Diploma or GED * Must have a valid driver's license and reliable vehicle Preferred

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All JobsLoan Processor JobsLoan Processor Jobs in Madison, MS

Loan Processor information

See Madison, MS salary details

$11

$17

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How much do loan processor jobs pay per hour?

As of Jul 27, 2026, the average hourly pay for loan processor in Madison, MS is $17.33, according to ZipRecruiter salary data. Most workers in this role earn between $14.66 and $19.57 per hour, depending on experience, location, and employer.

What are the key skills and qualifications needed to thrive as a Loan Processor, and why are they important?

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.

How much does a loan officer make on a $500,000 loan?

A loan officer typically earns a commission or fee based on the loan amount, often around 1% to 2%, which would be $5,000 to $10,000 for a $500,000 loan. Compensation can also include a base salary and bonuses, depending on the employer and location. Skills in underwriting and customer service are important in this role.

How much do loan processors make?

Loan processors in the United States typically earn an average annual salary of around $45,000 to $55,000, with variations based on experience, location, and employer. In some regions, salaries can range from $40,000 to $65,000, and additional certifications or skills in loan software can influence pay.

What qualifications do you need to be a loan processor?

A loan processor typically needs a high school diploma or equivalent, with some employers preferring post-secondary education or relevant certifications. Strong organizational skills, attention to detail, and familiarity with loan processing software are important, and previous experience in banking or finance can be beneficial.

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 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 loan processors?

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 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.

What does a loan processor do?

A loan processor reviews and verifies loan applications, gathers necessary documentation, and ensures all information complies with lending guidelines. They coordinate with borrowers, underwriters, and lenders to facilitate the approval process and often use loan origination software. Attention to detail and knowledge of financial regulations are essential skills for this role.

Is it hard to become a loan processor?

Becoming a loan processor typically requires a high school diploma or equivalent, strong organizational skills, and attention to detail. Some employers prefer candidates with experience in banking or finance, and familiarity with loan processing software can be beneficial. The role often involves on-the-job training and may require passing a background check.
More about Loan Processor jobs
What are the most commonly searched types of Loan Processor jobs in Madison, MS? The most popular types of Loan Processor jobs in Madison, MS are:
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What job categories do people searching Loan Processor jobs in Madison, MS look for? The top searched job categories for Loan Processor jobs in Madison, MS are:
What cities near Madison, MS are hiring for Loan Processor jobs? Cities near Madison, MS with the most Loan Processor job openings:
Loan Processor jobs near you
Infographic showing various Loan Processor job openings in Madison, MS as of July 2026, with employment types broken down into 1% As Needed, 86% Full Time, 9% Part Time, and 4% Contract. Highlights an 95% Physical, 1% Hybrid, and 4% Remote job distribution, with an average salary of $36,049 per year, or $17.3 per hour.

Loan Processor

First South

Ridgeland, MS • On-site

$15.50 - $20.75/hr

Full-time

Posted 3 days ago

Job description

SUMMARY
Performs a wide range of activities related to the issuing of credit and maintaining lending relationships. Activities include completing of loan papers and legal documents, disbursing loan proceeds, receiving loan payments and maintenance of monitoring systems. Duties can also include greeting customers, answering telephone, typing, filing and other delegated duties under the supervision of the branch manager as required to maintain the day-to-day operations of the branch office.
RESPONSIBILITIES/DUTIES
- Prepares and checks basic loan papers including applications, supporting papers, commitments, and closing papers. Processes loans daily, checking accounting accuracy and adherence to policy and procedures. May close loans and disburse proceeds to borrowers.
- Ensures that existing and potential member/borrowers receive prompt, courteous service, and provides general information as to policies and procedures.
- Assists in po sting and depositing incoming payments, including all necessary accounting reports and disbursement of loan funds.
- Completes routine secretarial duties such as scheduling, typing, filing, organizing, and handling association correspondence; assists in preparation of required branch office reports.
- Assists in ensuring that required collateral insurance, current financing statements, and other required time-critical items (such as association collection policy) are properly maintained.
- Other miscellaneous duties related to the overall function of the Association.
REQUIRED EXPERIENCE
High school education or GED equivalent with at least (2) two years of specialized secretarial training or equivalent experience. Must be able to perform most duties under moderate supervision and exercise a reasonable amount of judgment.
PREFERRED EXPERIENCE
Strong preference for experience with legal document preparation and/or monitoring of time sen sitive functions.

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