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Loan Processor Jobs (NOW HIRING)

East West Bank

Loan Processor

El Monte, CA · On-site

$20/hr

The Loan Processor is responsible for reviewing loan applications for completeness and accuracy, verifying supporting income, asset and liability documentation. The applicant is expected to ...

Canter Financial

Loan Processor

Richmond, VA · On-site

$18.50 - $24.75/hr

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 ...

First National Bank USA

Be Seen First

Loan Processor

Boutte, LA · On-site

$40K - $60K/yr

A minimum of 2 years' experience as a Loan Processor or similar role. * In-depth knowledge of closing procedures, loan processes, and documentation. * Good understanding of banking and mortgage ...

Commercial Banking Company

Loan Processor

Valdosta, GA · On-site

$13.75 - $18.25/hr

Responsible for processing all loan requests, which includes but not limited to, preparing early disclosures, all necessary loan documents, , obtaining flood data, verifying information given by ...

Jet Direct Mortgage

Loan Processor

Bohemia, NY · On-site

$19.25 - $25.75/hr

Mortgage Loan Processor Location: Bay Shore, NY Jet Direct Mortgage is looking for experienced and ambitious Mortgage Loan Processor to join our fast paced, goal oriented and supportive environment.

Community State Bank

Loan Processor

Starke, FL · On-site

$16 - $21.25/hr

The Loan Processor supports multiple loan officers that specialize in anything from a simple unsecured loan to a complex commercial real estate loan, and everything in between. To help loan officers ...

CrossCountry Mortgage

Loan Processor

Oak Lawn, IL · On-site

$60K - $70K/yr

Were seeking a Loan Processor who is detail-oriented and experienced in managing mortgage files. This role is responsible for reviewing and preparing loan applications to ensure an efficient process ...

PremierBank

Loan Processor

Fort Atkinson, WI · On-site

$17 - $22.75/hr

The Loan Processor plays a critical role in supporting the full life cycle of commercial and consumer loans. This position is responsible for reviewing applications, verifying and organizing ...

Jet Direct Mortgage

Loan Processor

Bohemia, NY · On-site

$19.25 - $25.75/hr

Mortgage Loan Processor Location: Bay Shore, NY Jet Direct Mortgage is looking for experienced and ambitious Mortgage Loan Processor to join our fast paced, goal oriented and supportive environment.

Cornerstone Bank

Loan Processor

Spencer, MA · On-site

$28.85 - $32.80/hr

Processes residential loan applications in accordance with established policies, procedures, and timelines. * Conducts initial loan review, requests/tracks delivery of 3rd party reports and ...

CrossCountry Mortgage

Loan Processor

Rochester, NY · On-site

$18.50 - $24.75/hr

The Loan Processor supports the loan origination process by coordinating communication among borrowers, real estate professionals, attorneys, and underwriting. The Loan Processor ensures accurate ...

First National Bank USA

Be Seen First

Loan Processor

New Orleans, LA · On-site

$40K - $60K/yr

A minimum of 2 years' experience as a Loan Processor or similar role. * In-depth knowledge of closing procedures, loan processes, and documentation. * Good understanding of banking and mortgage ...

CrossCountry Mortgage

Loan Processor

San Diego, CA

$95K/yr

We are only considering candidates who are actively processing mortgage loans today within a retail mortgage bank. Please do not apply if you are not currently in a processing role. We're looking for ...

CrossCountry Mortgage

Loan Processor

$19.25 - $25.50/hr

The Loan Processor supports the Montvale, NJ office of CrossCountry Mortgage. The Loan Processor is responsible for providing quality customer service by obtaining necessary documentation to ...

Commercial Banking Company

Loan Processor

Valdosta, GA

$13.75 - $18.25/hr

Responsible for processing all loan requests, which includes but not limited to, preparing early disclosures, all necessary loan documents, , obtaining flood data, verifying information given by ...

Northpointe Bank

Loan Processor

Lake Worth, FL · On-site

$31.25/hr

We're hiring a Loan Processor to manage the end-to-end processing of mortgage loans, ensuring accuracy, compliance, and an exceptional borrower experience. This role is ideal for someone with strong ...

Tri Pointe Homes Holdings, Inc.

Loan Processor

Scottsdale, AZ · On-site

$19 - $25.25/hr

Loan Processors at Tri Pointe Connect work closely with homebuyers, loan consultants, and underwriters to facilitate the gathering and processing of documentation necessary to get approved for a ...

Cornerstone Bank

Loan Processor

Winchendon, MA · On-site

$28.85 - $32.80/hr

Processes residential loan applications in accordance with established policies, procedures, and timelines. * Conducts initial loan review, requests/tracks delivery of 3rd party reports and ...

Northpointe Bank

Loan Processor

Lake Worth, FL · On-site

$16.75 - $22.25/hr

We're hiring a Loan Processor to manage the end-to-end processing of mortgage loans, ensuring accuracy, compliance, and an exceptional borrower experience. This role is ideal for someone with strong ...

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Loan Processor information

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$13

$21

$30

How much do loan processor jobs pay per hour?

As of Jul 24, 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.

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. Compensation can also include a base salary and bonuses, depending on the employer and location. Skills in underwriting and customer service are important in this role.

How much do loan processors make?

Loan processors in the United States typically earn an average annual salary of around $45,000 to $55,000, with variations based on experience, location, and employer. In some regions, salaries can range from $40,000 to $65,000, and additional certifications or skills in loan software can influence pay.

What qualifications do you need to be a loan processor?

A loan processor typically needs a high school diploma or equivalent, with some employers preferring post-secondary education or relevant certifications. Strong organizational skills, attention to detail, and familiarity with loan processing software are important, and previous experience in banking or finance can be beneficial.

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 often use loan origination software. Attention to detail and knowledge of financial regulations are essential skills for this role.

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 a background check.
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Loan Processor jobs near you
Infographic showing various Loan Processor job openings in the United States as of July 2026, with employment types broken down into 1% As Needed, 88% Full Time, 7% Part Time, and 4% Contract. Highlights an 97% Physical, 1% Hybrid, and 2% Remote job distribution, with an average salary of $44,308 per year, or $21.3 per hour.
Loan Processor

Loan Processor

East West Bank

El Monte, CA • On-site

$20/hr

Full-time

Posted 24 days ago

Job description

Introduction
Since 1973, East West Bank has served as a pathway to success. With over 110 locations across the U.S. and Asia, we are the premier financial bridge between the East and West. Our teams of experienced, multi-cultural professionals help guide businesses and community members on both sides of the Pacific looking to explore new markets and create new opportunities, and our sustained growth and expertise in industries like real estate, entertainment and media, private equity and venture capital, and high-tech help build sustainable businesses and expand our associates' potential for career advancement.
Headquartered in California, East West Bank (Nasdaq: EWBC) is a top-performing commercial bank with a strong foundation, an enterprising spirit and a commitment to absolute integrity. East West Bank gives people the confidence to reach further.
Overview
East West Bank is currently seeking a Loan Processor. The Loan Processor is responsible for reviewing loan applications for completeness and accuracy, verifying supporting income, asset and liability documentation. The applicant is expected to demonstrate a sense of urgency, willingness to work cooperatively with others, and be an effective team player whose primary focus is to service customers, since this position is their main point of contact.
Responsibilities
  • Processes loan applications for portfolio and Fannie Mae mortgage loans (e.g., opening escrow, ordering title reports, requesting information needed in order to complete loans)
  • Uses knowledge of title conditions to work with Mortgage Loan Officers, escrow/title, and customers to resolve pending conditions and stipulations
  • Obtains and reviews documents for compliance with loan conditions (i.e., coordinates with buyers, sellers, title companies, escrow agents, and real estate agents to obtain additional documentation, complete loan submissions and perform closings)
  • Maintains system accuracy, issues proper disclosures as required by federal regulatory compliance and reviews rate lock and loan point for accuracy
  • Performs other duties as assigned
  • May perform other duties as assigned

Qualifications
  • Minimum 5 years of Experience in mortgage loan processing
  • At least 5 years of computer experience, preferable with Encompass automated origination system
  • Strong customer service skills and ability to manage difficult conversations to a successful outcome and positive customer experience
  • Excellent organizational skills (ability to prioritize) preferred
  • Excellent written and verbal communication skills preferred
  • Solid analytical and problem-solving skills preferred

Applicants must have legal authorization to work in the United States. We do not offer visa sponsorship at this time.
Compensation
The base pay range for this position is USD $20.00/Hr. - USD $31.00/Hr. Exact offers will be determined based on job-related knowledge, skills, experience, and location.

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