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Loan Processor Jobs in Salem, OR (NOW HIRING)

First Federal

Loan Processor

Mcminnville, OR · On-site

$22 - $29/hr

Loan Processor Location: McMinnville, Oregon - Onsite Hours Per Week: Full Time - 40 About Us: First Federal is a community based Mutual Savings Bank, owned by our depositors, and has been operating ...

First Federal

Loan Processor

Mcminnville, OR · On-site

$19.25 - $25.50/hr

Loan Processor Location: McMinnville, Oregon - Onsite Hours Per Week: Full Time - 40 About Us: First Federal is a community based Mutual Savings Bank, owned by our depositors, and has been operating ...

First Federal

Loan Processor- Banking

Mcminnville, OR · On-site

$22 - $29/hr

Loan Processor I is the entry position in the loan processing support series. Incumbents at this level must possess a thorough knowledge of all consumer and mortgage lending products and all ...

Guild Mortgage

Loan Officer

Salem, OR

$15K - $62K/yr

Collaborate closely with underwriters, processors, realtors, and lenders to facilitate a seamless loan approval process. * Obtain accurate and thorough 1003 and close at least two (2) loans a month ...

Guild Mortgage

Loan Officer

Mcminnville, OR · On-site

Collaborate closely with underwriters, processors, realtors, and lenders to facilitate a seamless loan approval process. * Obtain accurate and thorough 1003 and close at least two (2) loans a month ...

Guild

Loan Officer

Mcminnville, OR · On-site

Collaborate closely with underwriters, processors, realtors, and lenders to facilitate a seamless loan approval process. * Obtain accurate and thorough 1003 and close at least two (2) loans a month ...

Guild

Loan Officer

Salem, OR · On-site

Collaborate closely with underwriters, processors, realtors, and lenders to facilitate a seamless loan approval process. * Obtain accurate and thorough 1003 and close at least two (2) loans a month ...

USA Mortgage

Mortgage Loan Originator

Albany, OR · On-site

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 ...

OneMain Financial

Loan Sales Specialist

Albany, OR · On-site

Develop new connections and maintain ones by engaging customers throughout the loan process and life cycle, presenting tailored solutions based on customer needs * Manage the life cycle of loans ...

Guild

Originating Loan Officer Assistant

Salem, OR · On-site

$17.47 - $21.63/hr

Resolve file problems, bottlenecks and qualifying issues throughout production and underwriting process. * Provide administrative support in the collection and preparation of submitting loan ...

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All JobsLoan Processor JobsLoan Processor Jobs in Salem, OR

Loan Processor information

See Salem, OR salary details

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How much do loan processor jobs pay per hour?

As of Sep 2, 2026, the average hourly pay for loan processor in Salem, OR is $21.04, according to ZipRecruiter salary data. Most workers in this role earn between $17.79 and $23.75 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 Salem, OR as of August 2026, with employment types broken down into 1% As Needed, 79% Full Time, 16% Part Time, and 4% Contract. Highlights an 96% Physical, 2% Hybrid, and 2% Remote job distribution, with an average salary of $44,538 per year, or $21.4 per hour.

Loan Processor

First Federal

Mcminnville, OR • On-site

$22 - $29/hr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 13 days ago

Job description

Loan Processor
Location: McMinnville, Oregon - Onsite
Hours Per Week: Full Time - 40
About Us:
First Federal is a community based Mutual Savings Bank, owned by our depositors, and has been operating in Yamhill County for 100+ years with 6 full service banking branches. We are committed to supporting a vibrant community by providing banking solutions and giving back through community volunteerism and corporate philanthropy. In fact our 87 employees have recorded over 2,800 hours of community volunteerism in 2022.
At First Federal, ensuring our employees are taken care of is a top priority. We provide a comprehensive employee benefit package worth $868.00 per month at zero cost to our employees' for individual coverages for Medical, Dental, Vision, EAP, Life and LTD insurance. Insurance eligibility starts at the first of the month after your hire date. Additional company benefits include, 401(k) participation after 90 days with a company match, paid federal holidays, paid sick and vacation time and 8 hours of paid volunteer time.
Intent:
Loan Processor I is the entry position in the loan processing support series. Incumbents at this level must possess a thorough knowledge of all consumer and mortgage lending products and all financial and regulatory information required. Incumbent may specialize in mortgage loan processing or perform assignments including both consumer and mortgage loan processing.
Principal Accountabilities
Loan Processing: Responsible for organizing and completing departmental projects and work assignments and adheres to department and Association policies, procedures and regulatory guidelines.
  • Complete initial review of new loan files for proper forms, signatures and all initial disclosures.
  • Ensure that disclosures are completed within regulatory time frames.
  • Set up file and complete initial document preparation. Send verifications of employment and deposits and run credit report.
  • Reviews verifications for errors, discrepancies, and uninitiated whiteout or changes on verifications upon receipt.
  • Manage a pipeline of loans in process, updating files and documenting activity as it occurs.
  • Prepare and send pre-qualification letters if applicable, complete commitment or adverse action letters as appropriate.
  • Assemble loan file and complete tasks related to ordering documents required by policy to complete a loan file. (i.e. flood check, updating commitment log, ordering HMDA information, appraisals, preliminary title reports, CC&R's by-laws, articles of incorporation, insurance etc.)
  • Send final application and associated loan documents to borrower for signature.
  • Works up final loan documents for submission to underwriter/loan officer and manage file to closing. Prepares files for QC process, resolve QC issues in a quick and efficient manner.
  • Maintain familiarity with the requirements of income property lending including the need for assignments of rent, UCC filings etc.
  • Maintain familiarity with different types of borrowers and guarantors and the unique document requirements of each.
  • Maintain familiarity with the unique documentation requirements for the following situation; collateral improvements on leased ground, lot loans, loans with balloon payments, adjustable rate mortgage, special disclosures, condominiums, home owners association agreements and riders to deeds of trust.
  • Complete and obtain signatures for modification, extension and skip-payment agreements.
  • Assist customers and other financial institutions with loan payoff requests.
  • Provide back-up support to Loan Receptionist and Loan Servicer as needed.

Minimum Job Requirements:
  • A., degree in Business Administration preferred or High School Diploma and a minimum of one to three years of loan processing and/or servicing experience (consumer, mortgage or commercial real estate).
  • Knowledge of basic lending and underwriting policies and procedures including state and federal lending regulations. Understanding of secondary marketing practices and requirements (FHLMC, FNMA etc.)
  • Demonstrated knowledge of regulatory guidelines surrounding loan originations and customer loan disclosure requirements.
  • Ability to operate various office equipment including personal computer, printers, Fax machine, 10-key adding machine, multi-line telephone, laminator, copy machine, etc.
  • Effective written and verbal communication skills.
  • Solid understanding of Microsoft Word and Excel required. Proficient in the use of Outlook and company loan systems.
  • Demonstrated effective time management and organizational skills.
  • Effective interpersonal skills to relate to a variety of managers, executives, directors, customers, and employees; public relations skills; tact, diplomacy, and patience.
  • Ability to work effectively in a team environment as well as accomplish work assignments without direct supervision.
  • Notary Public licensing required.
  • Ability to manage highly confidential information.
  • Ability to use good judgment and make appropriate decisions.
  • Ability to work on several projects simultaneously and with a variety of employees, managers, executives, etc.
  • Ability to work under pressure and tight deadlines with constant interruptions.
  • Ability to meet bonding requirements for employment purposes.
  • Licensing Requirements: Employees assigned to have direct mortgage loan applicant/borrower contact will be required to 1) register with the Nationwide Mortgage Licensing System & Registry and complete a MU4R filing notice, 2) to provide fingerprints and 3) to authorize a criminal background screen through the Registry in compliance with the Secure and Fair Enforcement for Mortgage Licensing Act of 2008 (S.A.F.E. Act). First Federal will facilitate the individual registration and pay all applicable registration fees.

Physical Demands: Duties require the ability to sit for up to 90% of time, to stand and walk for up to 10% of time, bend/stoop, Squat/crouch, kneel and reach up and down. Incumbents will lift boxes and loan files up to 20 pounds in the performance of assigned duties.
Pre-Employment Requirements: The position for which you are applying is one that will have access to confidential customer financial information. The following pre-employment screens are required.
• Pre-employment drug screen (excluding Marijuana)
• Consumer credit report
Deadline for Application: Open until filled.
First Federal is an Equal Opportunity Employer and Affirmative Action Employer committed to a diverse workforce. First Federal is an E-Verify Employer. Please contact Human Resources at humanresources@firstfedweb.com or 503-435-3216 should you need assistance completing the application for employment.

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