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Senior Loan Processor Jobs (NOW HIRING)

Magyar Bancorp

Sr. Loan Processor

New Brunswick, NJ · On-site

$29.50 - $37/hr

  • Medical

  • Dental

  • Life

  • Retirement

Magyar Bank, a leader in the community banking sector, is searching for qualified candidates to join our Residential Lending team in the Central New Jersey area as Sr. Loan Processor The Sr. Loan ...

Magyar Bank

Sr. Loan Processor

New Brunswick, NJ · On-site

  • Medical

  • Dental

  • Life

  • Retirement

Magyar Bank, a leader in the community banking sector, is searching for qualified candidates to join our Residential Lending team in the Central New Jersey area as Sr. Loan Processor The Sr. Loan ...

Zentech Consulting

Sr. Loan Processor

Charlotte, NC · On-site

Currently seeking qualified candidates for a full time opportunity as a senior loan processor with our client company. Perform duties of Conventional, USDA, FHA, and VA loan processing, closing and ...

Zentech Consulting

Sr. Loan Processor

Charlotte, NC · On-site

Company Description Currently seeking qualified candidates for a full time opportunity as a senior loan processor with our client company. Perform duties of Conventional, USDA, FHA, and VA loan ...

Zentech Consulting

Sr. Loan Processor

Clearwater, FL · On-site

Currently seeking qualified candidates for a full time opportunity as a senior loan processor with our client company. Perform duties of Conventional, USDA, FHA, and VA loan processing, closing and ...

Lennar

Senior Loan Processor

Senior Loan Processor Lennar is one of the nation's leading homebuilders, dedicated to making an impact and creating an extraordinary experience for their Homeowners, Communities, and Associates by ...

CrossCountry Mortgage

Senior Loan Processor

Phoenix, AZ · On-site

  • Medical

  • Dental

  • Vision

  • Retirement

Senior Loan Processor CrossCountry Mortgage (CCM) is the nation's number one distributed retail mortgage lender with more than 9,000 employees operating over 700 branches and servicing loans across ...

New

Zentech Consulting

Sr. Loan Processor

Clearwater, FL · On-site

Company Description Currently seeking qualified candidates for a full time opportunity as a senior loan processor with our client company. Perform duties of Conventional, USDA, FHA, and VA loan ...

Artemis Consultants

Sr. Loan Processor

The Senior Loan Processor is responsible for providing customer service by obtaining necessary documentation to underwrite the loan and ordering third party documentation by communicating directly ...

Crosscountrymortgage

Senior Loan Processor

Fairfax, VA

  • Medical

  • Dental

  • Vision

  • Retirement

The Senior Loan Processor manages residential mortgage loans from ratified contract through closing. This role oversees loan documentation, underwriting and disclosure activities, and closing ...

Lennar Homes

Senior Loan Processor

Phoenix, AZ · On-site

  • Medical

  • Dental

  • Vision

  • Retirement

Senior Loan Processor We are Lennar Lennar is one of the nation's leading homebuilders, dedicated to making an impact and creating an extraordinary experience for their Homeowners, Communities, and ...

Lennar

Senior Loan Processor

Phoenix, AZ · On-site +1

  • Medical

  • Dental

  • Vision

  • Retirement

Senior Loan Processor We are Lennar Lennar is one of the nation's leading homebuilders, dedicated to making an impact and creating an extraordinary experience for their Homeowners, Communities, and ...

CrossCountry Mortgage

Senior Loan Processor

Fairfax, VA · On-site

  • Medical

  • Dental

  • Vision

  • Retirement

The Senior Loan Processor manages residential mortgage loans from ratified contract through closing. This role oversees loan documentation, underwriting and disclosure activities, and closing ...

Lennar

Senior Loan Processor

Phoenix, AZ

  • Medical

  • Dental

  • Vision

  • Retirement

Senior Loan Processor We are Lennar Lennar is one of the nation's leading homebuilders, dedicated to making an impact and creating an extraordinary experience for their Homeowners, Communities, and ...

Lennar

Senior Loan Processor

Phoenix, AZ · On-site

  • Medical

  • Dental

  • Vision

  • Retirement

Senior Loan Processor We are Lennar Lennar is one of the nation's leading homebuilders, dedicated to making an impact and creating an extraordinary experience for their Homeowners, Communities, and ...

CrossCountry Mortgage

Senior Loan Processor

Phoenix, AZ · On-site

  • Medical

  • Dental

  • Vision

  • Retirement

The Senior Loan Processor serves as the operational quarterback for every loan assigned. This role is responsible for proactively managing a pipeline from application through funding while delivering ...

New

Lennar

Senior Loan Processor

Austin, TX

  • Medical

  • Dental

  • Vision

  • Retirement

Senior Loan Processor We are Lennar Lennar is one of the nation's leading homebuilders, dedicated to making an impact and creating an extraordinary experience for their Homeowners, Communities, and ...

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Senior Loan Processor information

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$30.5K

$64.9K

$87.5K

How much do senior loan processor jobs pay per year?

As of Aug 17, 2026, the average yearly pay for senior loan processor in the United States is $64,909.00, according to ZipRecruiter salary data. Most workers in this role earn between $52,000.00 and $71,500.00 per year, depending on experience, location, and employer.

What does a senior loan processor do?

A Senior Loan Processor is responsible for reviewing and processing loan applications, verifying applicant information, collecting and organizing financial documents, and ensuring that loans comply with all regulatory and lender guidelines. They work closely with loan officers, underwriters, and clients to resolve any issues and ensure a smooth and timely loan approval process. As senior professionals, they may also mentor junior processors and help implement process improvements to increase efficiency and accuracy.

What are the key skills and qualifications needed to thrive as a senior loan processor?

To thrive as a Senior Loan Processor, you need in-depth knowledge of mortgage loan products, underwriting guidelines, and regulatory compliance, typically supported by experience in mortgage processing or related certifications. Proficiency with loan origination systems (LOS), document management platforms, and automated underwriting systems is essential for efficiency. Strong attention to detail, problem-solving skills, and effective communication help build trust with clients and facilitate smooth transactions. These abilities are crucial for ensuring accurate, timely loan processing and maintaining regulatory and customer service standards.

How does a senior loan processor typically collaborate with underwriters and loan officers during the mortgage approval process?

A Senior Loan Processor serves as a vital liaison between loan officers and underwriters, ensuring all necessary documentation is accurate and complete before underwriting review. They regularly communicate with loan officers to clarify borrower information, address outstanding conditions, and expedite the collection of required items. Processors also work closely with underwriters to resolve any discrepancies or questions that arise during the approval process, helping streamline the workflow and maintain compliance with lending guidelines. This collaboration is essential for timely and efficient loan closures.

Is a senior loan processor a difficult job?

A senior loan processor's job involves reviewing and verifying loan documentation, ensuring accuracy, and meeting deadlines, which can be demanding due to the detail-oriented nature and regulatory requirements. It requires strong organizational skills, knowledge of loan programs, and proficiency with processing software, making it moderately challenging depending on workload and experience.
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Senior Loan Processor jobs near you
Infographic showing various Senior Loan Processor job openings in the United States as of August 2026, with employment types broken down into 1% As Needed, 84% Full Time, 11% Part Time, and 4% Contract. Highlights an 96% Physical, 2% Hybrid, and 2% Remote job distribution, with an average salary of $64,909 per year, or $31.2 per hour.

Sr. Loan Processor

Magyar Bancorp

New Brunswick, NJ • On-site

$29.50 - $37/hr

Other

Medical, Dental, Life, Retirement

Re-posted 28 days ago

Job description


Magyar Bank, a leader in the community banking sector, is searching for qualified candidates to join our Residential Lending team in the Central New Jersey area as
Sr. Loan Processor
The Sr. Loan Processor will be responsible for processing first mortgage applications and consumer loans in accordance with all applicable federal and state guidelines. 
Essential Functions:
Process residential first and second mortgage, personal & auto loan applications in accordance with all investor requirements, and federal & state regulations
  • Verify and calculate financial information to determine applicant eligibility with respect to the Bank’s risk and salability to Secondary Market.  Investigate credit depository and all other financial data
  • Request information and follow up with all necessary paperwork within established timeframes
  • Review eligibility of applications received from mortgage lenders.  Keep lenders informed of status of loan applications in process.  Reviews documents and interacts with customers to process applications.  Ensure applications are processed within established timeframes.  Maintain contact with customers whose applications are in process.  Interact with attorneys and realtors as needed.
  • Update loan origination computer system and file documentation as needed.  Ensure integrity of the data entered into the loan origination system
  • Maintain a current knowledge of all Federal and State regulations pertaining to lending, including but not limited to compliance with FNMA, FHLMC, and PMI
  • Review and monitor expiration of file documentation.  Update documentation and files as needed.  Update documents to comply with investors’ aging requirements.
  • Function as backup for Sr. Loan Closing Rep and Loan Officer as required
  • Maintain compliance while performing all job functions
  • Other job duties as assigned

Requirements:
  • Minimum of high school diploma or equivalent required.  Some college preferred
  • Minimum of 5-7 years mortgage loan processing experience required
  • National Mortgage Licensing System and Registry (NMLS) required
  • Current working knowledge of FHLMC and Fannie/Freddie guidelines essential
  • Computer literate, including Microsoft Office and programs including loan tracking systems
  • Working knowledge of lending regulations, financial institution products and services required
  • Strong customer service skills
  • Must be detailed oriented
  • Excellent communication skills, both verbal and written
  • Ability to multitask in fast paced environment

Salary Range: $29.50 - $37.00 (hourly)
Magyar Bank offers a competitive salary and comprehensive benefit package, which includes medical, dental, life insurance and 401k.
Magyar Bank is an Equal Employment Opportunity/Affirmative Action Employer - M/F/D/V  

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