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Senior Loan Processor Jobs (NOW HIRING)

Magyar Bancorp

Sr. Loan Processor

New Brunswick, NJ

$29.50 - $37/hr

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

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

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

Charlotte, NC

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

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 ...

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 ...

Workway

Senior Loan Processor

San Diego, CA

$35 - $37/hr

The Senior Loan Processor is responsible for the specific duties listed below. Your specific duties will include: * Pre-qualifying borrowers and determining loan eligibility. * Processing various ...

Crosscountrymortgage

Senior Loan Processor

Chicago, IL · On-site

The Senior Loan Processor supports the Sharp Team's Chicago, IL office at CrossCountry Mortgage. The Senior Loan Processor is responsible for providing customer service by obtaining necessary ...

Workway, Inc.

Be Seen First

SR Loan Processor

San Diego, CA · On-site

$35 - $37/hr

The Senior Loan Processor is responsible for the specific duties listed below. Your specific duties will include: * Pre-qualifying borrowers and determining loan eligibility. * Processing various ...

Kwik Mortgage

Senior Loan Processor

Parsippany, NJ

$55K - $60K/yr

We are seeking an ambitious Senior Loan Processor who is eager to advance their career and grow toward Conventional and FHA Underwriting. Position Overview The Senior Loan Processor plays a critical ...

Crosscountrymortgage

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

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 ...

CrossCountry Mortgage

Senior 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 ...

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All JobsSenior Loan Processor Jobs

Senior Loan Processor information

See salary details

$30.5K

$64.9K

$87.5K

How much do senior loan processor jobs pay per year?

As of Jun 14, 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 are the key skills and qualifications needed to thrive as a Senior Loan Processor, and why are they important?

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.

Will MLO be replaced by AI?

A Mortgage Loan Originator (MLO) role involves client interaction, assessing financial situations, and guiding borrowers through the loan process, which currently requires human judgment and communication skills that AI cannot fully replicate. While AI tools can assist with data analysis and document processing, the core responsibilities of an MLO are unlikely to be fully replaced by AI in the near future. Professionals in this field may need to adapt by integrating new technologies into their workflow.

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

A senior loan processor typically does not earn a commission based on loan amounts; instead, loan officers may earn a commission or fee that ranges from 0.5% to 1% of the loan amount. For a $500,000 loan, this could translate to $2,500 to $5,000 in commissions or fees, depending on the lender and compensation structure. Compensation varies based on experience, location, and employer policies.

What does a senior loan processor do?

A senior loan processor reviews and verifies loan applications, gathers necessary documentation, and ensures all information complies with lending guidelines. They coordinate with underwriters, communicate with borrowers, and use loan processing software to facilitate timely approval and funding of loans.

Can a 70 year old woman get a 30 year mortgage?

A senior loan processor would know that eligibility for a 30-year mortgage depends on the borrower's age and financial profile. Many lenders have maximum age limits for loan terms, often around 75 to 80 years old, but some may offer shorter or alternative loan options for older applicants. It's important to review specific lender policies and consider factors like income, credit score, and retirement status.

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.
More about Senior Loan Processor jobs
What cities are hiring for Senior Loan Processor jobs? Cities with the most Senior Loan Processor job openings:
What are the most commonly searched types of Loan Processor jobs? The most popular types of Loan Processor jobs are:
Who are the top companies hiring for Senior Loan Processor jobs? The top employers for Senior Loan Processor jobs are:
What states have the most Senior Loan Processor jobs? States with the most job openings for Senior Loan Processor jobs include:
What job categories do people searching Senior Loan Processor jobs look for? The top searched job categories for Senior Loan Processor jobs are:
What are popular job titles related to Senior Loan Processor jobs? For Senior Loan Processor jobs, the most frequently searched job titles are:
Senior Loan Processor jobs near you
Infographic showing various Senior Loan Processor job openings in the United States as of June 2026, with employment types broken down into 1% Internship, 4% As Needed, 12% Full Time, 62% Part Time, 20% Contract, and 1% Nights. Highlights an 87% Physical, 5% Hybrid, and 8% Remote job distribution, with an average salary of $64,909 per year, or $31.2 per hour.
Sr. Loan Processor

Sr. Loan Processor

Magyar Bancorp

New Brunswick, NJ

$29.50 - $37/hr

Other

Medical, Dental, Life, Retirement

Posted 23 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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