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Loan Processor Jobs in Merced, CA (NOW HIRING)

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Loan Processor information

See Merced, CA salary details

$14

$22

$32

How much do loan processor jobs pay per hour?

As of Sep 2, 2026, the average hourly pay for loan processor in Merced, CA is $22.50, according to ZipRecruiter salary data. Most workers in this role earn between $19.04 and $25.38 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 Merced, CA as of August 2026, with employment types broken down into 1% As Needed, 74% Full Time, 20% Part Time, 4% Contract, and 1% Nights. Highlights an 95% Physical, 2% Hybrid, and 3% Remote job distribution, with an average salary of $46,790 per year, or $22.5 per hour.

Unit Supply Specialists (95380)

U.S Army Reserve

Turlock, CA

Part-time

Medical, Dental, Vision, Retirement, PTO

Posted 5 days ago

Job description

Job Overview:

We are seeking motivated, detail-oriented professionals to serve as Unit Supply Specialists in the U.S. Army Reserve. In this part-time federal service role, you will play a critical role in maintaining accurate, well-organized records that directly support unit efficiency and readiness. You will gain hands-on experience in processing documentation, managing inventory systems, ensuring proper storage and accountability, issuing equipment and supplies, and reconciling discrepancies. These responsibilities build valuable skills in logistics management, recordkeeping, and supply chain operations that translate directly to civilian careers, while ensuring resources are available when needed and issues are resolved quickly.

Requirements:

Attend a 22-week paid training program to gain skills and certifications in SAP system operations, inventory management system operations, order management, inventory management, warehouse storage, inventory record keeping, reconcile inventory discrepancies, inventory operations, and budget management.

Advanced certifications require additional fully funded training programs.

Benefits:

  • Comprehensive Healthcare, Vision, and Dental plans.
  • 30 days paid vacation.
  • 90 days paid paternity and maternity vacation.
  • Comprehensive wellness programs including fitness facility access, nutrition consulting, curated fitness plans, and more.
  • Housing, clothing, and relocation allowance.
  • Tuition assistance.
  • Student loan repayment.
  • Flexible retirement and pension plans. Pay and Promotion:
  • Entry pay and promotions vary based on education level and qualifications.
  • Hiring bonus opportunities available.
  • Specialty bonuses available depending on qualifications and position.
  • Guaranteed promotion opportunities. Additional Career Opportunities: Upon successful completion of first term contract, you are guaranteed up to 5 interviews with your choice 1,200 industry leading organizations including Mercedes Benz, Ford, and Mustang CAT. Similar Career Fields Include: Inventory Management, Purchasing Managers, Order Clerk. About Our Organization: The U.S. Army is wealth of possibilities for your future � whether you are looking to build a meaningful career, continue your education, or start a family, the Army is committed to helping you build the future you are looking for and improve yourself in the process. Be All You Can Be. Now Hiring Part Time Positions. ***Click apply for an Interview***

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