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Loan Processor Jobs in Monroe, LA (NOW HIRING)

Louisiana Land Bank

Loan Acct Support Analyst

Monroe, LA · On-site

$36K - $48K/yr

Assists with the development of new and improved processes to enhance loan accounting and/or cash management efficiencies. Assists in maintaining loan accounting and/or cash management procedures and ...

Louisiana Land Bank

Loan Acct Support Analyst

Monroe, LA · On-site

$36K - $48K/yr

Assists with the development of new and improved processes to enhance loan accounting and/or cash management efficiencies. Assists in maintaining loan accounting and/or cash management procedures and ...

Huntington

Mortgage Loan Advisor

Monroe, LA · On-site +1

Description The Mortgage Loan Advisor works with Senior Loan Officer and Sales Manager to achieve established sales goals and learn different aspects of a loan originator position at Huntington.

Huntington

Mortgage Loan Advisor

Monroe, LA · On-site +1

Description The Mortgage Loan Advisor works with Senior Loan Officer and Sales Manager to achieve established sales goals and learn different aspects of a loan originator position at Huntington.

Tower Loan

Customer Service Representative

Monroe, LA · On-site

$15.50 - $21/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

Monroe, LA · On-site

$15.50 - $21/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

b1BANK

Universal Banker

Rayville, LA · On-site

$17 - $21.25/hr

... processing * new account sales * customer servicing * referral generation. * Supports the Banks ... Ensures that loan files contain proper documentation, signatures, and other relevant data.

Towerloan

Customer Service Representative

Monroe, LA · On-site

$15.50 - $21/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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Loan Processor information

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How much do loan processor jobs pay per hour?

As of Sep 8, 2026, the average hourly pay for loan processor in Monroe, LA is $20.49, 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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For Loan Processor jobs in Monroe, LA, the most frequently searched job titles are:

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Loan Processor jobs near you
Infographic showing various Loan Processor job openings in Monroe, LA as of August 2026, with employment types broken down into 1% As Needed, 66% Full Time, 30% Part Time, and 3% Contract. Highlights an 96% Physical, 2% Hybrid, and 2% Remote job distribution, with an average salary of $42,621 per year, or $20.5 per hour.

LOAN OFFICER

Sevenfold Federal Credit Union

West Monroe, LA • On-site

Full-time

Posted 5 days ago

Job description

About the Role:

As a Loan Officer, you will play a critical role in facilitating the lending process by evaluating, authorizing, or recommending approval of loan applications. Your primary objective is to help individuals and businesses secure financing that meets their needs while ensuring compliance with regulatory standards and the financial institution's policies. You will analyze applicants' creditworthiness by reviewing financial documents, credit scores, and other relevant information to assess risk and determine loan eligibility. Building strong relationships with clients and providing expert guidance throughout the loan process will be essential to ensure a positive customer experience. Ultimately, your work will contribute to the financial growth of both the clients and the lending institution by making informed lending decisions that balance opportunity and risk.

Minimum Qualifications:

  • Proven experience in credit scoring and loan processing within a financial institution or lending environment.
  • Strong understanding of lending regulations and compliance requirements in Louisiana.
  • Excellent analytical skills with the ability to interpret financial data and credit reports accurately.
  • Effective communication and interpersonal skills to interact professionally with clients and team members.

Preferred Qualifications:

  • Certification such as Certified Mortgage Banker (CMB) or similar lending-related credentials.
  • Experience with loan origination software and financial analysis tools.
  • Knowledge of various loan products including personal, commercial, and mortgage loans.
  • Demonstrated ability to build and maintain client relationships in a sales-oriented environment.
  • Familiarity with risk management practices and credit risk assessment methodologies.

Responsibilities:

  • Evaluate loan applications by analyzing credit reports, financial statements, and other relevant data to determine the applicant's creditworthiness.
  • Interview applicants to gather necessary information and explain loan options, terms, and conditions clearly and accurately.
  • Recommend approval or denial of loan applications based on thorough risk assessment and adherence to lending policies.
  • Collaborate with underwriters, credit analysts, and other financial professionals to ensure accurate and timely processing of loans.
  • Maintain detailed records of loan applications, approvals, and denials while ensuring compliance with all regulatory requirements.
  • Develop and maintain relationships with clients to provide ongoing support and identify opportunities for additional financial products.
  • Stay informed about changes in lending regulations, market conditions, and financial products to provide up-to-date advice to clients.

Skills:

In this role, your expertise in credit scoring will be essential for accurately assessing the financial health and repayment capacity of loan applicants, ensuring sound lending decisions. Your knowledge of various loan products and processes will enable you to guide clients effectively through the application and approval stages. Strong analytical skills will be used daily to interpret financial documents and credit reports, balancing risk and opportunity. Communication skills are vital for explaining complex loan terms clearly and building trust with clients. Additionally, proficiency with loan processing software and staying current with regulatory changes will support efficient and compliant loan management.