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Loan Processor Jobs in Provo, UT (NOW HIRING)

Medallion Bank

Loan Processor

Salt Lake City, UT · Hybrid

$18 - $24.25/hr

We are seeking a highly motivated and results-driven Loan Processor to join the team and be responsible for processing loan stipulations in the recreational lending program. You will assist loan ...

W3Global Inc.

Senior Loan Processor

South Jordan, UT · Hybrid

$65K - $75K/yr

We are seeking an experienced Senior Mortgage Loan Processor to join our client team at their national headquarters in the South Jordan, Utah area. In this role, you will act as the primary performer ...

Enova

Senior Loan Processor (Hybrid)

South Jordan, UT · On-site

$22/hr

As a Senior Loan Processor, you will play a pivotal role in guiding loan applications through the complex loan origination lifecycle. You'll take on our more complex and higher-priority files ...

3 Keys Lending

Mortgage Loan Assistant

Bluffdale, UT · On-site

Are you an experienced, detail-oriented mortgage loan processor who can successfully aid applicants in navigating the mortgage lending process? If so, we are looking for you! We are currently seeking ...

3 Keys Lending

Mortgage Loan Assistant

Bluffdale, UT · On-site

Are you an experienced, detail-oriented mortgage loan processor who can successfully aid applicants in navigating the mortgage lending process? If so, we are looking for you! We are currently seeking ...

3 Keys Lending

Mortgage Loan Assistant

Bluffdale, UT · On-site

$70K/yr

Document the loan process from origination to approval through our system * Work with the borrower to gather financial information such as credit reports, verify the accuracy to determine ...

3 Keys Lending

Mortgage Loan Assistant

Riverton, UT · On-site

Mortgage Loan ProcessorAre you an experienced, detail-oriented mortgage loan processor who can successfully aid applicants in navigating the mortgage lending process? If so, we are looking for you!

3 Keys Lending

Mortgage Loan Assistant

Riverton, UT · On-site

Mortgage Loan ProcessorAre you an experienced, detail-oriented mortgage loan processor who can successfully aid applicants in navigating the mortgage lending process? If so, we are looking for you!

3 Keys Lending

Loan Production Partner

Bluffdale, UT · On-site

$60K - $80K/yr

... loan process. Jobseekers should be organized, detail-oriented professionals driven to succeed in their role. If you're interested in joining a team that empowers employees, clients, and partners to ...

3 Keys Lending

Loan Production Partner

Bluffdale, UT · On-site

$60K - $80K/yr

... loan process. Jobseekers should be organized, detail-oriented professionals driven to succeed in their role. If you're interested in joining a team that empowers employees, clients, and partners to ...

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Loan Processor information

See Provo, UT salary details

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How much do loan processor jobs pay per hour?

As of Aug 26, 2026, the average hourly pay for loan processor in Provo, UT is $20.15, according to ZipRecruiter salary data. Most workers in this role earn between $17.07 and $22.74 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.
More about Loan Processor jobs

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Loan Processor jobs near you
Infographic showing various Loan Processor job openings in Provo, UT 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 $41,914 per year, or $20.2 per hour.

Loan Processor

Medallion Bank

Salt Lake City, UT • Hybrid

$18 - $24.25/hr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

This job post has expired 5 days ago. Applications are no longer accepted.

Job description

Please Note: This is a Utah-based hybrid position, which will require some regular in-office days each week. Additionally, employment with Medallion Bank is contingent on passing both a background check and maintaining a clean background.


Who we are:

At Medallion Bank we finance fun! We are an industrial loan bank that specializes in providing consumer loans for the purchase of recreational vehicles, boats, home improvement, and offering loan origination services to fintech partners. We work directly with thousands of dealers, contractors and financial service providers serving their customers throughout the United States. Medallion Bank is a small company with a big impact. We recognize our employees as our greatest asset and have a culture to prove it!


How You Will Support The Team:

We are seeking a highly motivated and results-driven Loan Processor to join the team and be responsible for processing loan stipulations in the recreational lending program. You will assist loan officers in gathering and verifying approval stipulations such as calculating and verifying income and figuring loan advance based on program guidelines. Also includes the timely and accurate data entry of the applications and training of other loan processors as assigned. You will assist all areas in answering calls from dealers and assisting them with their needs. Performs other duties as necessary to support the goals and objectives of the department.


What We Are Looking For:

  • Provide timely, accurate and efficient application data entry.
  • Process approved applications and complete required verifications. Including income calculation, collateral valuation, and third-party verifications.
  • Work with dealers to provide professional customer service to develop and strengthen dealer relations.
  • Assist in the training of loan processors to complete required verifications of stipulations by loan officers.
  • Work to maintain and increase productivity within the department.
  • Performs other duties as assigned.


You would be a GREAT fit with these skills:

  • Strong written and verbal communication and interpersonal skills.
  • Exceptional experience in effective application processing.
  • Self-motivated and hard working. Must be able to handle multiple functions simultaneously and function in a high-pressure environment.
  • Team player.
  • Basic computer skills.
  • Intermediate math skills for income calculation.
  • Ability to successfully work in a team environment.
  • Ability to make sound decisions and communicate decisions effectively.
  • Keyboard and accurate typing skills with a recommended minimum of 35 wpm.


Level of Experience:

  • High school diploma or equivalent required


What's in it for YOU?

  • Office-based, with the ability to work from home 2 days per week.
    • Shift: Full time, 35-40 hours per week
    • May require evening and weekend availability based on business needs
  • Comprehensive benefits including medical, dental, vision, disability, and life insurance
  • 401K with a company match
  • PTO including 11 federal paid holidays off, vacation time and sick time
  • Financial Wellness Program
  • Volunteer Opportunities
  • Awesome company culture and co-workers who love to work here!.
  • Work Life Balance - We don't use that term lightly!
  • Company Wide Open Door Policy

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