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Loan Processor Jobs in Racine, WI (NOW HIRING)

The primary responsibility is to bring in new loan requests into the bank for processing. The Loan Originator is the primary contact for the loan applicant. Essential Duties and Responsibilities

PrimeLending, a PlainsCapital Company, is a people-first company on a mission to make the home loan process simple and stress-free. Since 1986, we've been working together as a team to support our ...

What You'll Do * Assist customers with loan applications and guide them through the process from start to finish * Review basic customer information and help determine loan options * Provide friendly ...

With the assistance of processors or other staff, completes applications in a timely manner and ... Compiles loan packages and facilitates negotiations with applicants to establish standards on items ...

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Loan Processor information

See Racine, WI salary details

$12

$19

$28

How much do loan processor jobs pay per hour?

As of Aug 8, 2026, the average hourly pay for loan processor in Racine, WI is $19.97, according to ZipRecruiter salary data. Most workers in this role earn between $16.92 and $22.55 per hour, depending on experience, location, and employer.

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.

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 some roles may require in-office presence for document verification or meetings. Availability depends on the employer's policies and the specific job requirements.

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 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 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 are the most commonly searched types of Loan Processor jobs in Racine, WI? The most popular types of Loan Processor jobs in Racine, WI are:
What are popular job titles related to Loan Processor jobs in Racine, WI? For Loan Processor jobs in Racine, WI, the most frequently searched job titles are:
What job categories do people searching Loan Processor jobs in Racine, WI look for? The top searched job categories for Loan Processor jobs in Racine, WI are:
What cities near Racine, WI are hiring for Loan Processor jobs? Cities near Racine, WI with the most Loan Processor job openings:
Infographic showing various Loan Processor job openings in Racine, WI as of August 2026, with employment types broken down into 1% As Needed, 79% Full Time, 15% Part Time, and 5% Contract. Highlights an 95% Physical, 2% Hybrid, and 3% Remote job distribution, with an average salary of $41,547 per year, or $20 per hour.

Mortgage Loan Originator

DAS Acquisiton Company LLC

Milwaukee, WI • On-site

$7.25/hr

Full-time

Medical, Dental, Vision, Life, Retirement

Re-posted 19 days ago


Job description

Description:

Who We Are

At DAS Acquisition Company, LLC. (USA Mortgage), our mission is the unrelenting pursuit of perfection. We pride ourselves on the superior level of service that our status as a mortgage lender enables us to provide. Since 2001, we have been recognized as a top-choice residential lender in the St. Louis metropolitan area by the St. Louis Business Journal. Our ongoing success is driven by our strategy to deliver our clients a level of service unrivaled in the mortgage industry. We recognize that people are our competitive advantage, which is why we put so much emphasis ensuring that DAS Acquisition Company, LLC. is a great place to work!


What You'll Do

Our Mortgage Loan Originators make an impact on our clients' lives each day by helping them make strong financial decisions to achieve their personal and financial goals. Our mortgage professionals, carefully chosen from among the top in our industry, are our greatest asset. Many of these individuals are considered leaders in our field - we rely on their talent to keep us on the cutting-edge of industry trends, which allows us to constantly open doors as a mortgage industry leader. Our service-oriented attitude coupled with our unique and energetic atmosphere makes the home financing process what it should be - an exciting and rewarding experience!


Responsibilities

  • Provide every client the best service in the industry
  • 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-buying or refinancing process and how to better manage their mortgages
  • Own and build your business within USA Mortgage with the support of our team
Requirements:
  • 2 to 4-year college curriculum preferred, or equivalent industry experience
  • Ability to work in a fast-paced, challenging sales environment
  • Encompass experience or equivalent
  • Basic computer skills
  • Knowledge of various residential mortgage loan products
  • Demonstrated ability to work both independently and as a team player
  • Passion, great communication skills, self-motivation, positive attitude, and competitive spirit
  • MLO approved license in NMLS

Compensation

· State Minimum Hourly - $7.25 (Recoverable)

· Commissions on personal production

· Voluntary: Medical, dental, vision, HSA, FSA, Short-Term Disability, Voluntary Life Insurance, CHUBB Supplemental Insurance, Pet Insurance, 401K

· Company Paid: Long-Term Disability, Group Life Insurance, Employee Assistant Program (EAP), 401K Match, Employee Stock Ownership Plan (ESOP)