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Remote Loan Processor Jobs in Memphis, TN (NOW HIRING)

FirstBank

Mortgage Closing Manager

Memphis, TN · Remote

This position is remote eligible but you MUST be located in our business footprint, which includes ... Examine and implement closing processes as required to maintain accurate loan files, settlement ...

All JobsLoan Processor JobsRemote Loan Processor JobsRemote Loan Processor Jobs in Memphis, TN

Remote Loan Processor information

See Memphis, TN salary details

$13

$20

$29

How much do remote loan processor jobs pay per hour?

As of Aug 23, 2026, the average hourly pay for remote loan processor in Memphis, TN is $20.73, according to ZipRecruiter salary data. Most workers in this role earn between $17.55 and $23.37 per hour, depending on experience, location, and employer.

What is a remote loan processor?

A remote loan processor works from a remote location interview applicants who are seeking loans. Your goal in this work from home career is to obtain the information necessary for them to get the desired financing. As a remote loan processor, some of your responsibilities include examining an applicant’s application for accuracy, interviewing applicants, and verifying an applicant’s financial and personal information. Other duties include verifying applicant references, investigating their background, forwarding findings to the appropriate loan professionals and the appraisal department, preparing loan request papers, and completing transactions between borrowers, sellers, and loan establishments once the borrower receives approval.

What does a remote loan processor do?

As a remote loan processor, your job is to work from home in a virtual office to review an application and other documents from a client. In this role, you may help decide whether to finance their loan, create a report, or talk with the client to get verification of specific pieces of information. Most remote loan processors specialize in specific areas, such as mortgages or retail lending. Aside from reviewing documents for completion, you also look for signs of fraud and help to safeguard lending institutions. Most remote loan processing takes place in a time-sensitive environment with often 24 hours or less for processing paperwork, so the ability to consistently multitask and prioritize your work is essential to success in this field.

What are the key skills and qualifications needed to thrive as a remote loan processor, and why are they important?

A Remote Loan Processor is a financial professional who reviews and processes loan applications from a remote location, rather than working in a traditional office setting. They gather and verify required documentation, ensure loan files are complete, and work closely with loan officers, underwriters, and clients to move applications through the approval process. Using secure digital platforms, remote loan processors manage tasks such as data entry, credit checks, and compliance reviews. Their work helps streamline the mortgage or loan approval process for banks, credit unions, and other lending institutions.

How do remote loan processors typically communicate and collaborate with underwriters, loan officers, and other team members?

Remote Loan Processors rely heavily on digital collaboration tools and secure loan origination systems to coordinate with underwriters, loan officers, and other stakeholders. Regular communication often occurs through email, secure messaging platforms, and scheduled video meetings to ensure all parties are aligned on document requirements and loan status. Staying organized and proactive in providing updates is key to maintaining smooth workflows and meeting tight deadlines. Team structures vary, but most organizations foster a supportive environment with dedicated channels for quick questions and issue resolution.

What is the difference between Remote Loan Processor vs Remote Underwriter?

AspectRemote Loan ProcessorRemote Underwriter
CredentialsLoan processing certifications, knowledge of mortgage documentsMortgage underwriting certifications, FHA/VA/Conventional knowledge
Work EnvironmentHome office, financial institutions, mortgage companiesHome office, financial institutions, mortgage companies
Industry UsageCommonly employed in mortgage lendingCommonly employed in mortgage lending
Primary RoleReview and verify loan documents, prepare files for approvalAssess risk, evaluate borrower qualifications, approve or deny loans

While both Remote Loan Processors and Remote Underwriters work in the mortgage industry and often from home, their roles differ. Loan Processors focus on gathering and verifying documents to prepare loans for approval, whereas Underwriters evaluate the risk and make final approval decisions. Understanding these distinctions helps job seekers identify the right position based on their skills and career goals.

How much do entry level remote loan processors make?

Entry-level remote loan processors typically earn between $35,000 and $50,000 annually, depending on the employer and location. Starting salaries may increase with experience, certifications, and proficiency with loan processing software and tools.
More about Remote Loan Processor jobs

What are the most commonly searched types of Loan Processor jobs in Memphis, TN?

The most popular types of Loan Processor jobs in Memphis, TN are:

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For Remote Loan Processor jobs in Memphis, TN, the most frequently searched job titles are:

What job categories do people searching Remote Loan Processor jobs in Memphis, TN look for?

The top searched job categories for Remote Loan Processor jobs in Memphis, TN are:

What cities near Memphis, TN are hiring for Remote Loan Processor jobs?

Cities near Memphis, TN with the most Remote Loan Processor job openings:

Remote Loan Processor jobs near you
Infographic showing various Remote Loan Processor job openings in Memphis, TN as of August 2026, with employment types broken down into 100% Full Time. Highlights an 100% Remote job distribution, with an average salary of $43,112 per year, or $20.7 per hour.

Loan Originator

Merchants Mortgage & Trust Corporation

Memphis, TN • On-site, Remote

Full-time

Medical, Dental, Vision, Life, Retirement

Posted 6 days ago

Job description

Company
Merchants Mortgage & Trust Corporation ("MMTC") is a private real estate lender headquartered in Denver, Colorado. MMTC specializes in short term residential bridge loans for Fix & Flip investors, commercial loans, construction loans and rental property loans. MMTC was acquired by KKR, a leading global investment firm, in 2022.
Compensation: 150k/ year to 250k/ year (base + commission)
Role Summary/Purpose
The Loan Originator will be responsible for sourcing, vetting, fostering, and closing relationships for Merchants Mortgage & Trust's various Bridge Loan programs. Candidates should have relevant experience in providing builders with Bridge financing and should have relationships with loan borrowers active in the residential real estate Fix & Flip & Ground Up construction space. Candidates should be highly motivated, have strong communication skills and the ability to thrive in a competitive yet rewarding sales position.
Responsibilities
  • Identify, develop, and close on prospective bridge loan borrowers
  • Cultivate and maintain strong business relationships with borrowers
  • Obtain all required paperwork and financial information from perspective borrowers
  • Report business development and sales activity
  • Meet with new and existing prospects
  • Help develop and execute business plans with thorough market and competitor analysis

Other Responsibilities/Qualifications
  • Excellent communication skills (written and verbal)
  • High motivation and a proactive mindset to understand problems, offer solutions, build relationships and work through institutional decision-making
  • A collaborative approach to getting work done
  • Team-player orientation
  • Critical thinker regarding risk and quality of assets being originated
  • Ability to work in a high volume, fast-paced environment and successfully meet established deadlines
  • Ability to work independently and be self-motivated with measurable results
  • Proficient in: Microsoft Excel, LinkedIn & LinkedIn Navigator, Teams

Requirements
Eligibility Requirements
  • Bachelor's degree required
  • 2 or more years of experience originating bridge loans and a minimum monthly self-sourced pipeline of $3m
  • Established book of business
  • Excel, Word and basic computer skills

What We Offer
  • Competitive Salary
  • Competitive rates and products
  • Full operations support
  • All necessary equipment provided to work remote or in office
  • Benefits package including Medical, Dental and Vision Plans, Life Insurance, Short-Term & Long-Term Disability, 401K with Company Match

Other
  • Must be authorized to work in US

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