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Loan Processor Jobs in Racine, WI (NOW HIRING)

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Mortgage Loan Officer

Greenfield, WI

Provide all necessary applicant information to processor. * Price loans according to guidelines and secure signed lock agreements. * Review Closing Disclosure (CD) and prepare the borrower for ...

landmarkcu

Mortgage Loan Originator

Milwaukee, WI · On-site

The Mortgage Loan Originator (MLO) serves as the initial point of contact with new and existing ... processing procedures and underwriting guidelines. 10. Performs other duties as assigned. EEO ...

US Bank

SBA Loan Closer

Brookfield, WI

$66K - $78K/yr

In addition to construction and term loans, a typical loan portfolio may include unsecured and ... process, please refer to ourdisability accommodations for applicants. Benefits: Our approach to ...

US Bank

Mortgage Loan Originator

Milwaukee, WI

$20/hr

Originates mortgage loans in an assigned metropolitan territory. Takes applications, conducts ... Follows-up to ensure that documents required for processing, underwriting, and closing are secured ...

U.S. Bank

Mortgage Loan Originator

Milwaukee, WI · On-site

$20/hr

Originates mortgage loans in an assigned metropolitan territory. Takes applications, conducts ... Follows-up to ensure that documents required for processing, underwriting, and closing are secured ...

Wintrust

Sales Manager

Milwaukee, WI · On-site

Collaborate with the loan processor to provide any additional documentation and underwriting required to close the loan. Job Requirements: * High School or equivalent degree. * Must meet all NMLS ...

Wintrust

Sales Manager

Milwaukee, WI · On-site

$15/hr

Collaborate with the loan processor to provide any additional documentation and underwriting required to close the loan. Job Requirements: * High School or equivalent degree. * Must meet all NMLS ...

Mariner Finance

Consumer Loan Professional

Brookfield, WI · On-site

$19.44 - $25.27/hr

Process credit loan applications, presents loan solutions based on customer needs, and enthusiastically presents all available sales products. * Proactively contact customers with past due balances ...

Mariner Finance

Consumer Loan Professional

Brookfield, WI · On-site

$19.44 - $25.27/hr

Process credit loan applications, presents loan solutions based on customer needs, and enthusiastically presents all available sales products. * Proactively contact customers with past due balances ...

Mariner Finance

Consumer Loan Professional

Brookfield, WI · On-site

$19.44 - $25.27/hr

Process credit loan applications, presents loan solutions based on customer needs, and enthusiastically presents all available sales products. * Proactively contact customers with past due balances ...

US Bank

Senior SBA Loan Closer

Brookfield, WI · On-site

$75K - $89K/yr

In addition to construction and term loans, a typical loan portfolio may include unsecured and ... process, please refer to ourdisability accommodations for applicants. Benefits: Our approach to ...

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All JobsLoan Processor JobsLoan Processor Jobs in Racine, WI

Loan Processor information

See Racine, WI salary details

$12

$19

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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.

More about Loan Processor jobs
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:
Loan Processor jobs near you
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 Officer- Milwaukee Area

Marine Credit Union

Milwaukee, WI • On-site

Full-time

Re-posted 19 days ago

Job description

Description
6 Month Guaranteed Bonus included.
Position Summary:
Provide information on credit union portfolio mortgage products and services to members according to all credit union policies and procedures, and Federal and State rules and regulations. Collate and analyze individual financial information in support of loan decisioning process. Evaluate and recommend loan approvals, denials, and counteroffers based upon individual circumstances and data. Process required forms and related documentation for mortgage loan products. Promote credit union products and services. Partners to approve or deny loan applications based on analysis and company mortgage policies. Works with mortgage support staff to ensure timely response to member inquires and ensure a standard of service excellence.
Duties and Responsibilities:
  • Interview mortgage loan applicants. Assist member in completing loan applications over the phone and/or electronically.
  • Collate, analyze, and evaluate information & documentation in support of loan applications.
  • Evaluate borrower Character, Collateral, Capacity to Repay, and Credit position as a part of loan decisioning process based upon individual circumstances.
  • Calculate debt-to-income ratios, collateral needs, and payment plans on loan applicants.
  • Correspond with members, applicants, and creditors to resolve questions regarding application information.
  • Visit community and business contacts to promote and sell MCU's services and develop lending business successfully.
  • Provide information on portfolio mortgage loan products that best meet the member's individual needs and circumstances.
  • Recommend the structure of loan pricing, terms, and amounts for individual borrowers.
  • Recommend loan approval/denials, counteroffers, and deviations from typical loan structure and pricing.
  • Prepare loan documentation for underwriting and processing, ensuring it is complete and accurate. Manage loan closing process with customers.
  • Consult with members and the public about asset purchase, credit management, budgeting, debt restructuring, and financial planning issues.
  • Notify applicant of loan decision. Inform prospective borrowers of loan commitments.
  • Review regulations as they apply to installment loan security agreements.
  • Assist members with making payment arrangements on loans.
  • Interact with members and the public to solicit loan applications. Network with community contacts to promote mortgage loan business growth.
  • Partners with other staff by passing opportunities to develop additional lending and deposit business to them as opportunities arise and following up on mortgage leads passed from other employees.
  • Work successfully with other departments to ensure proper process, record retention, and information gathering best practices and procedures are followed.

Duties and Responsibilities (continued):
  • Promote other Marine Enterprise products and services.
  • Provide exceptional member service to our members.
  • Abide by all applicable policies, procedures, and regulations.
  • Work proactively to build relationships necessary to meet set goals for the position.
  • Effectively assist members and the public through the loan application and approval process, educating them about loan issues as needed.
  • Effectively prepare loan documentation for processing, ensuring it is complete and accurate.
  • Assist in managing risk through diligence in the information gathering process.
  • Provide timely, service-oriented feedback to applicants regarding the status of their loans.
  • Perform assigned loan prospect and delinquency calls to assist in meeting goals for the position.
  • Have access to transportation on demand to be able to travel to client and vendor appointments out of office as needed.

Knowledge, Skills, and Abilities:
  • Knowledge of the mortgage loan application process and consumer credit.
  • Ability to collate and analyze individual borrower financial information.
  • Evaluation of information, and ability to make recommendations regarding loan pricing, structure, amounts, and terms as appropriate.
  • Ability to recommend loan approvals, denial, and counteroffers based upon analysis of individual facts and circumstances.
  • Ability to build rapport, explaining product features & benefits, and persuasively communicate.
  • Skills in developing business.
  • Sound PC computing skills, including MS-Office and loan application software.
  • Strong problem-solving skills. Ability to build credibility and trust.
  • Previous consumer lending experience at Marine Credit Union preferred.

Education and Experience:
  • High School Diploma. College Degree in Business Administration, Marketing, Sales, or Finance desired.
  • Prior experience gathering data, analyzing customer financial information, and making financial product recommendations.
  • Previous business development/networking experience.
  • Previous Mortgage/Consumer Lending, Banking, or Sales experience desired.
  • Experience building networks of community/industry contacts to support business goals a plus.
  • Experience working in a face-to-face customer service/sales environment.
  • A record of success in meeting set, external business goals.

This position may include frequent driving; a driving record review is required.
This job description is not a complete statement of all duties and responsibilities comprising this position.

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