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Loan Processor Jobs in Reston, VA (NOW HIRING)

Howard University

Direct Loan Specialist

Washington, DC · On-site

The Direct Loan Specialist is responsible for processing Federal and private loans for the graduate, professional, and undergraduate populations at Howard University according to Federal regulations ...

Howard University

Direct Loan Specialist

Washington, DC · On-site

The Direct Loan Specialist is responsible for processing Federal and private loans for the graduate, professional, and undergraduate populations at Howard University according to Federal regulations ...

Dunmor

Loan Originator

Washington, DC · On-site +1

Partner with internal teams such as Processing, Underwriting, and Valuations to ensure smooth and timely loan processing. * Act as a liaison between clients and operations to overcome challenges and ...

Freddie Mac

Loan Servicing Associate

Mclean, VA · On-site

$58K - $88K/yr

The position will be responsible for processing payoff requests for all active Freddie Mac Multifamily securitized loans and balance sheet loan products Additional duties include calculating default ...

Atlantic Coast Mortgage

Team Loan Officer

Fairfax, VA · On-site

The Loan Officer will find prospective clients, guide them through the loan application process, and gather information to ensure that an informed loan decision is made. This position requires ...

EmpowerHome Team

Licensed Loan Officer

Chantilly, VA · On-site

$100K/yr (+ commission)

Convert qualified mortgage leads into funded loans through proactive follow-up * Guide borrowers through the mortgage application and loan process * Recommend and structure FHA, VA, Conventional, and ...

NVR Inc

Lot Acquisition Processor

Fairfax, VA

$58K - $60K/yr

Are you a detail-driven professional with a passion for organization and communication? We're looking for a Lot Acquisition Settlement Processor to manage the settlement and closing process for our ...

NVR, Inc.

Lot Acquisition Processor

Fairfax, VA · On-site

$58K - $60K/yr

Are you a detail-driven professional with a passion for organization and communication? We're looking for a Lot Acquisition Settlement Processor to manage the settlement and closing process for our ...

NVR, Inc.

Mortgage Loan Officer

Fairfax, VA · On-site

$33.65 - $43.27/hr

You will assume full responsibility to guide new home purchasers through the loan process from loan application to approval and settlement. You will prequalify prospective buyers, review financing ...

NVR Inc

Mortgage Loan Officer

Fairfax, VA

$33.65 - $43.27/hr

You will assume full responsibility to guide new home purchasers through the loan process from loan application to approval and settlement. You will prequalify prospective buyers, review financing ...

USA Mortgage

Mortgage Loan Originator

Arlington, VA

$12.41/hr

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 ...

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All JobsLoan Processor JobsLoan Processor Jobs in Reston, VA

Loan Processor information

See Reston, VA salary details

$14

$22

$32

How much do loan processor jobs pay per hour?

As of Sep 13, 2026, the average hourly pay for loan processor in Reston, VA is $22.16, according to ZipRecruiter salary data. Most workers in this role earn between $18.75 and $25.00 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 Reston, VA as of August 2026, with employment types broken down into 1% As Needed, 81% Full Time, 15% Part Time, and 3% Contract. Highlights an 96% Physical, 2% Hybrid, and 2% Remote job distribution, with an average salary of $46,096 per year, or $22.2 per hour.

Direct Loan Specialist

Washington, DC • On-site

Howard University
See more jobs at Howard Universityexternal

Other

Medical, Dental, Vision, Retirement, PTO

Re-posted 19 days ago

Howard University rating

8.1

Company rating: 8.1 out of 10

Based on 8 frontline employees who took The Breakroom Quiz

Job description

The Talent Acquisition department hires qualified candidates to fill positions which contribute to the overall strategic success of Howard University. Hiring staff "for fit" makes significant contributions to Howard University's overall mission.
At Howard University, we prioritize well-being and professional growth.
Here is what we offer:

  • Health & Wellness: Comprehensive medical, dental, and vision insurance, plus mental health support
  • Work-Life Balance: PTO, paid holidays, flexible work arrangements
  • Financial Wellness: Competitive salary, 403(b) with company match
  • Professional Development: Ongoing training, tuition reimbursement, and career advancement paths
  • Additional Perks: Wellness programs, commuter benefits, and a vibrant company culture
Join Howard University and thrive with us!
https://hr.howard.edu/benefits-wellness
PRINCIPAL ACCOUNTABILITIES:
  • The Direct Loan Specialist is responsible for processing Federal and private loans for the graduate, professional, and undergraduate populations at Howard University according to Federal regulations and Financial Aid Office procedures.
  • The Direct Loan Specialist is responsible for the day-to-day production of a high volume of student and parent loan.
  • This position coordinates with Financial Aid staff to determine loan eligibility and communicates with other campus departments; lenders; guarantee agencies and loan servicers.
  • The Direct Loan Specialist works as a member of the loan team.
  • Perform automatic and manual loan processing functions for Federal and private educational loan programs accurately and in a timely manner according to Federal Regulations and University policy and procedure.
  • Perform weekly, monthly, and annual reconciliation of loan awards and disbursements according to Federal Regulations and University policy and procedure.
  • This includes but is not limited to: reviewing and correcting lists of rejected loans, loans pending certification, credit denial reports, disbursement discrepancies between Workday and COD, award discrepancies between Workday and COD, students missing necessary loan paperwork, and loans pending disbursements; reviewing and completing reports generated by the Department of Education, Howard University, the Financial Aid office, lenders, servicers, or disbursing agents.
  • Communicate efficiently, accurately, and expeditiously with all necessary parties regarding loan processing according to Federal Regulations and University policy and procedure.
  • Perform other duties as assigned or as needed based on regulatory or procedural changes.
  • This includes but is not limited to training new staff members; assisting with loan presentations; and working with other departments within Enrollment Management to ensure student loans are processed in a timely manner.
  • This position coordinates with Financial Aid staff, communicates with other on campus departments, as well as off campus organizations to ensure the efficient, accurate, and effective processing of loans.
  • Understanding of how to use a wide variety of computer systems and databases.
  • Detail oriented, be able to work quickly and accurately, have effective communication skills and be able to handle a high-volume work environment.
  • Knowledge of Federal regulations, ELM, and COD.
  • Exercise great attention to detail utilizing analytical and problem-solving skills.
  • Demonstrate the ability to adapt in a high pace environment.
  • May be required to work evenings and weekends.

Compliance Salary Range Disclosure
CORE COMPETENCIES:
Human Resources Management and Training:
In the absence of the Associate Director of Loans, this position will report to the Deputy Director of Financial Aid. Will keep abreast of Title IV regulations and institutional policies and procedures and ensure that staff is properly trained and provided direction.
Percentage of Time: 25%
Data Management:
This position will support the Compliance unit within the Office of Financial Aid for reconciling funds in the Workday system [(Customer Relationship Management (CRM) or other Enterprise Resource Planning (ERP)]. Fund accounting is reconciled between federal, institutional accounts, etc. in conjunction with the COD system. This position will process loan originations and certifications, review and correcting rejected loans, disbursements/award discrepancies between Banner and COD.
Percentage of Time: 20%
Administrative Functions:
This position will award financial aid and process loans as assigned by the Associate Director for Loans. This may include being responsible for a specific school, ensuring that the needs of the students, faculty and staff are met in a timely manner. Reporting (analysis, responses) may be required, per the Associate Director of Loans, Financial Aid Director, or members of the management team.
Percentage of Time: 35%
Customer Service/Outreach/Engagement:
This position will work with the Associate Director of Loans and financial aid staff to ensure that optimal customer service is provided. The position will assist in developing metrics to establish benchmarks and outcomes. The position will assist the Associate Director of Loans with assessing financial aid information (web, social media, etc.) and determining and helping to enact those areas of improvement. The position will assist with outreach and engagement - including conducting financial aid presentations or attending events sponsored by the Office of Financial Aid.
Percentage of Time: 20%
MINIMUM REQUIREMENTS:
Bachelor's Degree and at least five years of experience in financial aid (or a related area), with increasingly degrees of difficulty and demonstrated competencies. Knowledge of financial aid programs and regulations. Highly effective oral and written communication skills. Excellent mathematical and analytical skills as well as computer proficiency. Demonstrated understanding of the general operation of the financial aid office in an enrollment management setting. Ability to travel and work evenings, and other times as deemed necessary for overall operations of the Financial Aid office. Ability to work effectively under stressful situations and still maintain a cordial, positive, and professional demeanor. Collaborative and student/customer oriented. Proactive, with strong problem-solving skills. Leadership and organizational skills. Ability to train and supervise clerical staff and student workers. Ability to handle multiple tasks effectively with frequent interruptions. Demonstrated commitment to equal opportunity and diversity/multicultural issues.
Note: This position description should not be construed to imply that these requirements are the exclusive standards of the position. Incumbents will follow any other instructions, and perform any other related duties, as may be required. The university has the right to revise this position description at any time. This position description is not to be construed as a contract for employment.
Expected Pay Range: $65,000 to $70,000

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