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Loan Processor Jobs in Riverside, CA (NOW HIRING)

Button Finance, Inc

Be Seen First

Senior Loan Officer

Santa Ana, CA · On-site

$125K - $350K/yr

Process loan applications efficiently while adhering to TILA regulations and Fair Housing regulations. * Maintain accurate records of client interactions and loan processing activities using ...

LOCK & KEY MORTGAGE LLC

Mortgage Loan Officer

Anaheim, CA · Remote

$58K - $275K/yr

In this role, you will play a pivotal part in guiding clients through the mortgage loan process. Your industry expertise, strong interpersonal skills, and commitment to customer service will be the ...

Button Finance, Inc

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Licensed Mortgage Loan Officer

Santa Ana, CA · On-site

$125K - $350K/yr

Process loan applications efficiently while adhering to TILA regulations and Fair Housing regulations. * Maintain accurate records of client interactions and loan processing activities using ...

Button Finance, Inc

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Licensed Mortgage Loan Officer

Irvine, CA · On-site

$125K - $350K/yr

Process loan applications efficiently while adhering to TILA regulations and Fair Housing regulations. * Maintain accurate records of client interactions and loan processing activities using ...

Dunmor

Loan Originator

Orange, CA · 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 ...

City National Bank

Loan Administrator Senior

Irvine, CA · On-site

$34.55 - $55.19/hr

Loan Processing, Closing and Documentation Management * Initiates and prepares loan documentation request packages including completion of Loan Documentation Checklist and verification of approval ...

New American Funding

Sr. Loan Officer

Riverside, CA · On-site

As a CD Loan Officer, you will receive 100% inbound leads from motivated homebuyers-no cold calling ... Work closely with our in-house processors and underwriters to ensure timely closings * Build strong ...

New American Funding

Sr. Loan Officer

Riverside, CA

As a CD Loan Officer, you will receive 100% inbound leads from motivated homebuyers--no cold ... Work closely with our in-house processors and underwriters to ensure timely closings * Build strong ...

New American Funding

Sr. Loan Officer

Riverside, CA

As a CD Loan Officer, you will receive 100% inbound leads from motivated homebuyers-no cold calling ... Work closely with our in-house processors and underwriters to ensure timely closings * Build strong ...

New American Funding

Sr. Loan Officer

Riverside, CA

As a CD Loan Officer, you will receive 100% inbound leads from motivated homebuyers--no cold ... Work closely with our in-house processors and underwriters to ensure timely closings * Build strong ...

New American Funding

Sr. Loan Officer

Riverside, CA · On-site

As a CD Loan Officer, you will receive 100% inbound leads from motivated homebuyers-no cold calling ... Work closely with our in-house processors and underwriters to ensure timely closings * Build strong ...

New American Funding

Sr. Loan Officer

Riverside, CA

As a CD Loan Officer, you will receive 100% inbound leads from motivated homebuyers-no cold calling ... Work closely with our in-house processors and underwriters to ensure timely closings * Build strong ...

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All JobsLoan Processor JobsLoan Processor Jobs in Riverside, CA

Loan Processor information

See Riverside, CA salary details

$14

$22

$32

How much do loan processor jobs pay per hour?

As of Jun 12, 2026, the average hourly pay for loan processor in Riverside, CA is $22.22, according to ZipRecruiter salary data. Most workers in this role earn between $18.80 and $25.10 per hour, depending on experience, location, and employer.

What are the key skills and qualifications needed to thrive as a Loan Processor, and why are they important?

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.

How much does a loan officer make on a $500,000 loan?

A loan officer typically earns a commission or fee based on the loan amount, often around 1% to 2%, which would be $5,000 to $10,000 for a $500,000 loan. Their total compensation may also include a base salary and bonuses, depending on the employer and location. Skills in underwriting and customer service can influence earning potential.

How do I become a loan processor?

To become a loan processor, typically a high school diploma or equivalent is required, and some employers prefer candidates with postsecondary education or relevant experience in banking or finance. Key skills include attention to detail, knowledge of loan documentation, and proficiency with loan processing software. Gaining experience through entry-level banking or administrative roles can also help build the necessary skills for this position.

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 are loan processors?

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 does a loan processor do?

A loan processor reviews and verifies loan applications, ensuring all necessary documentation is complete and accurate. They assess borrower information, communicate with lenders and applicants, and prepare files for approval or denial, often using loan processing software. Attention to detail and knowledge of lending regulations are essential for this role.
More about Loan Processor jobs
What are the most commonly searched types of Loan Processor jobs in Riverside, CA? The most popular types of Loan Processor jobs in Riverside, CA are:
What are popular job titles related to Loan Processor jobs in Riverside, CA? For Loan Processor jobs in Riverside, CA, the most frequently searched job titles are:
What job categories do people searching Loan Processor jobs in Riverside, CA look for? The top searched job categories for Loan Processor jobs in Riverside, CA are:
What cities near Riverside, CA are hiring for Loan Processor jobs? Cities near Riverside, CA with the most Loan Processor job openings:
Loan Processor jobs near you
Senior Loan Officer

Senior Loan Officer

Button Finance, Inc

Santa Ana, CA • On-site

$125K - $350K/yr

Full-time

Medical, Dental, Vision, Retirement, PTO

Posted 26 days ago

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Job description

We are seeking a motivated and detail-oriented Mortgage Loan Officer to join our dynamic team. In this role, you will be responsible for selling your clients. After collecting minimum documentation, we handle the rest for you. Our average turn time is between 7 and 10 days allowing our top Loan Officers to 35k+ a month. All of the leads that you will receive will come in by way of transfer, so you are spending your time talking with clients as opposed to dialing.

Benefits:

  • Compensation Package
  • Competitive Commission Plan
  • Majority of the leads are warm Lending Tree transfers with Socials
  • 401k
  • Health insurance
  • Paid Holidays, vacation and sick days

Schedule:

  • Monday - Friday
  • 8 hour shift

Experience:

  • Fair Housing regulations: 1 year (Preferred)
  • Loan origination: 1 year (Preferred)
  • Sales: 1 year (Preferred)

Responsibilities:

  • Assist clients in understanding their mortgage options and guide them through the application process.
  • Analyze client financial information, including credit reports and income statements, to determine eligibility for loans.
  • Negotiate loan terms with clients and lenders to secure favorable conditions.
  • Process loan applications efficiently while adhering to TILA regulations and Fair Housing regulations.
  • Maintain accurate records of client interactions and loan processing activities using accounting software.
  • Provide ongoing support and follow-up with clients throughout the mortgage process, ensuring a high level of customer satisfaction.
  • Stay updated on industry trends, changes in regulations, and best practices in mortgage banking.

Skills:

  • Strong customer service skills with a focus on client satisfaction.
  • Knowledge of TILA regulations and Fair Housing regulations is essential.
  • Proven experience in financial sales with the ability to negotiate effectively.
  • Proficient in basic math skills for accurate financial calculations.
  • Experience in credit analysis and loan processing is highly desirable.
  • Familiarity with financial services and accounting software is a plus.
  • Excellent communication skills, both verbal and written, to convey complex information clearly.

Apply today & join us as a Mortgage Banker where you can make a significant impact on our clients' financial futures while advancing your career in the mortgage industry.

Company Description

A better way to lend.