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Loan Processor Jobs (NOW HIRING)

Loan Processor

Willow Park, TX

$18.50 - $24.50/hr

Loan Processor The Commercial Loan Processor is responsible for preparing loan documentation related to all non-real estate consumer and commercial loans. Responsibilities: * Responsible for ...

Loan Processor

Los Angeles, CA · On-site

$55K - $70K/yr

We are seeking a Loan Processor to manage loan applications and ensure all documentation is accurate and complete throughout the lending lifecycle. This role is essential in maintaining efficiency ...

Who You Are We are seeking a detail-oriented and experienced Loan Processor to join our dynamic team in the financial services industry. The ideal candidate will play a crucial role in the loan ...

Loan Processor

Lafayette, LA

$18 - $23.75/hr

LOAN PROCESSOR Loan Processor A local community bank is looking for a Loan Processor with experience in Commercial, Consumer, and mortgage loans. This position can be fully remote. This role demands ...

Loan Processor

$43K - $48K/yr

S, is looking for Loan Processors to join our team! This is a unique opportunity to work within a rapidly growing startup backed by the largest name in Real Estate. We are hiring 1+ employees for ...

We are seeking a detail-oriented and experienced Loan Processor to join our dynamic team in the financial services industry. The ideal candidate will play a crucial role in the loan origination ...

Loan Processor

Bossier City, LA

$14.25 - $18.75/hr

LOAN PROCESSOR Loan Processor A local community bank is looking for a Loan Processor with experience in Commercial, Consumer, and mortgage loans. This position can be fully remote. This role demands ...

Loan Processor

Shreveport, LA

$15.50 - $20.50/hr

LOAN PROCESSOR Loan Processor A local community bank is looking for a Loan Processor with experience in Commercial, Consumer, and mortgage loans. This position can be fully remote. This role demands ...

Loan Processor

New Orleans, LA · On-site

$17.25 - $23/hr

LOAN PROCESSOR Loan Processor A local community bank is looking for a Loan Processor with experience in Commercial, Consumer, and mortgage loans. This position can be fully remote. This role demands ...

Loan Processor

Bourbonnais, IL · On-site

$18 - $24.25/hr

Loan Processor Job Overview: As a Loan Processor, you will play a vital role in our lending operations, responsible for efficiently processing loan files from application to closing. Having ...

Loan Processor

Anaheim, CA

$19.75 - $26.25/hr

Loan Processor As a Loan Processor, you will play a vital role in our wholesale lending operations, responsible for efficiently processing loan files from application to closing. Having successfully ...

Loan Processor

Richmond, VA · On-site

$60K - $90K/yr

Description Are you an experienced, detail-oriented mortgage loan processor who can successfully aid applicants in navigating the mortgage lending process? If so, we are looking for you! We are ...

Loan Processor

Bourbonnais, IL

$18 - $24.25/hr

Loan Processor As a Loan Processor, you will play a vital role in our lending operations, responsible for efficiently processing loan files from application to closing. Having successfully completed ...

Loan Processor

Alexandria, LA

$17.25 - $23/hr

LOAN PROCESSOR Loan Processor A local community bank is looking for a Loan Processor with experience in Commercial, Consumer, and mortgage loans. This position can be fully remote. This role demands ...

Loan Processor

Tampa, FL · Hybrid

$19 - $25/hr

Process, close, and disburse a range of personal loans, including secured, unsecured, open-end, and closed-end products * Ensure collateral is appropriately secured on share pledge and share ...

Loan Processor

Anaheim, CA · On-site

$19.75 - $26.25/hr

As a Loan Processor, you will play a vital role in our wholesale lending operations, responsible for efficiently processing loan files from application to closing. Having successfully completed ...

Loan Processor

Effingham, IL · On-site

$17 - $22/hr

The Central Loan Processor is responsible for producing accurate loan documents on a timely basis. This position is in charge of examining loan documents to ensure accuracy and compliance with ...

Loan Processor

Boulder, CO · Remote

$19.50 - $26/hr

We are seeking a top notch Mortgage Loan Processor to join a thriving financial services company. This is a 100% remote position! This person will be responsible for reviewing loan applications ...

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Loan Processor information

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How much do loan processor jobs pay per hour?

As of Jun 7, 2026, the average hourly pay for loan processor in the United States is $21.30, according to ZipRecruiter salary data. Most workers in this role earn between $18.03 and $24.04 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.

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, gathers necessary documentation, and ensures all information complies with lending guidelines. They coordinate with borrowers, underwriters, and lenders to facilitate the approval process and may use loan processing software to manage cases efficiently.

Is it hard to become a loan processor?

Becoming a loan processor typically requires a high school diploma or equivalent, strong organizational skills, and attention to detail. Some employers prefer candidates with experience in banking or finance, and familiarity with loan processing software can be beneficial. The role often involves on-the-job training and may require passing background checks.
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What states have the most Loan Processor jobs? States with the most job openings for Loan Processor jobs include:
Loan Processor

$18.50 - $24.50/hr

Full-time

Posted 16 days ago


Job description

Loan Processor
The Commercial Loan Processor is responsible for preparing loan documentation related to all non-real estate consumer and commercial loans.
Responsibilities:
  • Responsible for preparing loan documentation on all consumer type loans on the following loan documentation systems: PPdocs and LaserPro, Boards consumer non-real estate loans on the Bank’s host computer and using loan documentation systems
  • Compares and verifies Officer’s instructions to the Loan Credit Matrix
  • Funds consumer non-real estate loans
  • Process and perfect collateral liens (e.g., auto titles, UCC filings, account holds on Certificate of Deposits/Savings)Process credit life documentation
  • Prepare and submit consumer real estate initial disclosures
  • Prepare and submit consumer real estate closing documents
  • Reviews loan documentation to ensure information is complete; follows up to obtain missing data; and inputs data and generates loan documents on the loan documentation system
  • Scans and maintains credit and other files for documentation and compliance, vehicle title work and UCC filings
  • Answers the telephone and responds to routine loan officer or customer inquiries relative to account balances, loan balances and documentation
  • Performs other related duties as assigned
Qualifications:
  • High school diploma or equivalent is required
  • 2 years loan processing experience with Consumer and Commercial Non-Real Estate Loans. Work related experience should consist of a background in bank lending support
  • nCino system experience preferred
We are an Equal Opportunity Employer
Who we are: First Bank Texas is a community bank with directors, officers, and employees who are committed to serving the community in which they work and live. We are committed to the tradition of providing the same superior service with a warm and friendly smile that our customers have come to expect.