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Part Time Loan Processor Jobs (NOW HIRING)

Employee Type: Full Time Exempt (Full-time and Part-time opportunities available). * Pay Range ... Loan Processing: Collect and validate documentation for underwriting; pre-screen applicants by ...

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Part Time Loan Processor information

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How much do part time loan processor jobs pay per hour?

As of Jul 13, 2026, the average hourly pay for part time 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.

Is it hard to become a loan processor?

Becoming a part-time loan processor typically requires good organizational skills, attention to detail, and basic knowledge of financial documents. Many positions do not require extensive experience, but familiarity with loan processing software and some understanding of lending procedures can be helpful. Training is often provided on the job, making it accessible for entry-level candidates.

What is the difference between Part Time Loan Processor vs Full Time Loan Processor?

AspectPart Time Loan ProcessorFull Time Loan Processor
Work HoursLess than 30 hours/week30+ hours/week
CredentialsTypically same certifications as full-timeSame certifications as part-time
Work EnvironmentSame industry settings, flexible scheduleSame industry settings, full schedule
Job ResponsibilitiesProcessing loans, verifying documents, customer communicationSame responsibilities, more hours

Both part-time and full-time loan processors perform similar tasks, including processing loan applications and verifying documents. The main difference lies in work hours and schedule flexibility. Employers in the mortgage and lending industry often hire both roles, with responsibilities remaining consistent regardless of hours worked.

Can I work as a loan officer part-time?

Yes, loan officers can often work part-time, depending on the employer and the specific role. Part-time positions may require flexible hours and familiarity with loan processing software, but availability varies by company and location.

What does a Part Time Loan Processor do?

A Part Time Loan Processor is responsible for assisting in the preparation, review, and processing of loan applications for banks or lending institutions. They verify applicant information, gather required documents, and ensure all paperwork is accurate and compliant with regulations. Working part-time, they coordinate with applicants, loan officers, and underwriters to move loans through the approval process efficiently. Their role helps ensure timely funding and a smooth customer experience.

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

A loan processor's compensation is typically based on a percentage of the loan amount or a fixed fee, often ranging from 0.5% to 1% of the loan. For a $500,000 loan, this could translate to $2,500 to $5,000 in fees or commissions, depending on the employer and specific arrangements. Loan officers or processors may also earn bonuses or commissions based on volume and performance.

What are some common challenges faced by part-time loan processors, and how can they effectively manage them?

Part-time loan processors often face the challenge of balancing workload and deadlines with reduced hours, which can make time management crucial. Additionally, staying up-to-date with documentation requirements and compliance regulations can be demanding when not working full time. Effective communication with loan officers, underwriters, and clients is key to ensuring files are processed accurately and on schedule. Utilizing organizational tools and clear task prioritization can help part-time processors keep pace and maintain high-quality work.

Will MLO be replaced by AI?

A mortgage loan originator (MLO) role involves personal interaction and assessment of borrower needs, which AI currently cannot fully replicate. While AI tools can assist with data analysis and document processing, the human element remains essential for customer service and complex decision-making in mortgage lending. Part-time loan processors may also use AI to streamline document review but still require human oversight.

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

To thrive as a Part Time Loan Processor, you need strong attention to detail, knowledge of loan documentation, and familiarity with lending regulations, often supported by a high school diploma or equivalent experience in finance or banking. Proficiency with loan origination systems (LOS), document management software, and Microsoft Office is typically required. Excellent organizational skills, time management, and effective communication are crucial soft skills in this role. These abilities ensure accurate processing, timely approvals, and positive client experiences in a deadline-driven environment.
More about Part Time Loan Processor jobs
What cities are hiring for Part Time Loan Processor jobs? Cities with the most Part Time Loan Processor job openings:
What are the most commonly searched types of Loan Processor jobs? The most popular types of Loan Processor jobs are:
What states have the most Part Time Loan Processor jobs? States with the most job openings for Part Time Loan Processor jobs include:
Infographic showing various Part Time Loan Processor job openings in the United States as of July 2026, with employment types broken down into 1% As Needed, 87% Full Time, 8% 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 Officer

Loan Officer

W3Global Inc.

Jackson Heights, NY

$16/hr

Full-time, Part-time

Medical, Retirement, PTO

Re-posted yesterday


Job description

Description

Our Client has earned a reputation for serving the needs of our communities by emphasizing the importance of personal banking and by promoting local economic development. We employ a highly qualified and professional staff and offer a wide variety of products and services designed to meet the needs our customers and our communities. We place a strong emphasis on thrift and home ownership.

Role Overview

Drives the Bank's financial performance by originating high-quality residential mortgage loans while delivering a high-touch, relationship-driven client experience. Responsible for managing the full mortgage lifecycle from initial consultation through closing, while building strong client relationships and maintaining a consistent pipeline.


Key Details

  • Location: 37-60 82nd Street, Jackson Heights, NY (with hybrid flexibility).

  • Employee Type: Full Time Exempt (Full-time and Part-time opportunities available).

  • Pay Range: Incentive-driven based on individual production, loan quality, and performance.


Responsibilities

  • Business Development: Execute strategies to generate mortgage opportunities through community outreach, networking, and referral partnerships.

  • Client Management: Serve as the primary point of contact, assessing financial needs and recommending appropriate mortgage solutions.

  • Loan Processing: Collect and validate documentation for underwriting; pre-screen applicants by reviewing credit and financial information.

  • Collaboration: Partner with Mortgage Operations and underwriting teams for timely processing; collaborate with internal teams for cross-sell opportunities.

  • Compliance: Maintain knowledge of regulatory requirements, internal policies, and quality standards.

  • Systems: Utilize Encompass LOS, CRM platforms, and pipeline tracking tools.


Requirements

  • Education: Associate's degree or equivalent experience (Business or Finance preferred).

  • Experience: Minimum of two (2) years of residential mortgage lending or related experience.

  • Licensing: Must be registered with the Nationwide Mortgage Licensing System and Registry (NMLS) in accordance with the SAFE Act.

  • Skills: Proficiency in Microsoft Office, strong analytical skills, and excellent communication.


Benefits

  • Health coverage and ancillary insurance.

  • Retirement plan.

  • Paid time off (PTO).


W3Global logo

About W3Global

Sourced by ZipRecruiter

W3Global has been delivering staffing solutions for nearly two decades; we know which recruiting strategies work best. Our expert team is committed to developing a customized solution to fit your company’s unique needs. As a W3Global client, you’ll also receive personalized assistance from a seasoned team of staffing specialists. We are committed to providing both technical support and industry expertise to simplify the hiring process. We know that your time matters. W3Global will help you streamline the hiring process, getting it done and getting it right.

Industry

Recruiting and staffing services

Company size

501 - 1,000 Employees

Headquarters location

Frisco, TX, US

Year founded

2006