Resources
Post a Job
 Special Offer 

Jumpstart your hiring with a $75 credit to sponsor your first job.*

Sponsored Jobs posted directly on Indeed with Urgently Hiring make a hire 5 days faster than non-sponsored jobs.**
  • Visibility for hard-to-fill roles through branding and urgently hiring
  • Instantly source candidates through matching to expedite your hiring
  • Access skilled candidates to cut down on mismatched hires
*The $75 Sponsored Job credit offer is only available for new accounts in the US that post a job and expires one year after account creation. Upon expiration of the credit, users are charged based on Sponsored Job budget. Terms, conditions, and quality standards apply **Indeed data, based on median United States, Q2 2024

Loan Processor Job Description: Top Duties and Qualifications

Edited by Indeed Employer Content Team
Last updated November 6, 2025
Our mission

Indeed’s Employer Resource Library helps businesses grow and manage their workforce. With over 15,000 articles in 6 languages, we offer tactical advice, how-tos and best practices to help businesses hire and retain great employees.

Read our editorial guidelines
8 min read

A 242501030loan processor8.12banking5.16mortgage loan processor3.15mortgage processor2.74mortgage2.681253231508108.8021.5639.75HOURLY428242412025-10-012025-10-312025-09-012025-09-302025-11-05Loan Processor, or Mortgage Processor, is in charge of gathering the necessary paperwork and documentation required for someone to apply for a loan. Their duties include carefully reviewing mortgage applications to confirm that all essential fields have been filled out, organizing additional application materials and submitting applications on schedule.

242501030loan processor8.12banking5.16mortgage loan processor3.15mortgage processor2.74mortgage2.681253231508108.8021.5639.75HOURLY428242412025-10-012025-10-312025-09-012025-09-302025-11-05Loan Processor duties and responsibilities

The 242501030loan processor8.12banking5.16mortgage loan processor3.15mortgage processor2.74mortgage2.681253231508108.8021.5639.75HOURLY428242412025-10-012025-10-312025-09-012025-09-302025-11-05Loan Processor has several duties and responsibilities, such as:

  • Gathering information for the loan application
  • Evaluating credit histories for applications
  • Collecting data from clients such as their assets, salaries, debts and employment status to fill in information for the loan application
  • Researching and correcting mistakes in applications for clients
  • Reviewing file documentation for missing or erroneous information
  • Meeting loan application deadlines
  • Assisting Loan Officer with requests and tasks needed to complete and process applications

Hire your next Loan Processor today.

Build a job description

Hire your next Loan Processor today.

Build a job description
Close

Loan Processor Job Description Examples

Example 1

Loan Processor / Paralegal, Administrative Assistant

Full-time

First National Bank is looking for an individual to work at our New Bremen branch as a Loan Processor / Paralegal including some administrative duties. Applicant must be highly organized, detail oriented, and able to juggle multiple responsibilities. Applicant will be responsible for processing loan documents, maintaining insurance files, completing loan files, filing liens and mortgages, appraisals, and various other administrative duties. This individual will also assist loan officers in the administration of both new and existing loans and will assist customers with questions regarding their loan and resolve routine issues. The successful candidate must have excellent communication skills, and enjoy working with people in person and over the phone.

Must be able to multi-task in a fast paced environment

Able to handle changing priorities and workload

Be Detail oriented

Take ownership of work / problems encountered

Experience/Certification Required:

Associate s degree or a high school diploma with relevant work experience or equivalent combination of education and experience. Paralegal is preferred. We will provide training for a qualified candidate.

Must have basic computer skills.

Understand the importance of confidentiality.

Strong organizational skills and attention to detail.

Preference for prior experience as a loan processor or paralegal

Salary/Benefits:

Competitive Salary, commensurate with experience in loan processing and/or paralegal experience

Health and Life Insurance

Retirement Benefits

Vacation

Holiday Pay

Personal Days

Short-term Disability

Long-term Disability

Health Savings Account

Job Type: Full-time

Pay: $29,450.13 - $57,949.00 per year

Benefits:
  • 401(k)
  • 401(k) matching
  • Health insurance
  • Life insurance
  • Paid time off
Schedule:
  • 5x8
  • 8 hour shift
  • Weekend availability

Ability to commute/relocate:
  • New Bremen, OH 45869: Reliably commute or planning to relocate before starting work Location: One location

Example 2

Senior Loan Processor & Underwriter Level II (**Immediate FILL*
  • (Irvine))

Are you an experienced and detailed Senior Loan Processor with "Underwriting" knowledge and able to work in a fast paced environment ? Do you underwrite your files and review title, credit and income on all of your assigned files?

**
  • Immediate FILL **We are looking for an experienced Senior Loan Processor/Underwriter Level II in expanding our Irvine location." Do you have more than basic underwriting and processing experience? We are interested to see your resume." Level II only.

You must have loan processing background with over 5 years + experiences in the following area.

" Conforming A paper & HARP II" Conforming High Balance" Jumbo" FHA & FHA Streamline" VA & VA IRRRL" Reverse Mortgage

" Know-How to run DU & LP?"" Know-How to calculate Income + Reading Tax Returns" Know-How to request FHA Case Number?" Know-How to use Calyx Software

" Do you often read guideline and organized?

" Know your federal TRID, RASPA, ECOA and TILA compliance and disclosures?

" Positive Attitude"" Fast Paced"" Problem Solving Skills"" Follow Up Skills"" Computer Skills"" Communication Skills"" Dry States and Wet States Knowledge"

Lexington Home Loans is a leading US Jumbo & Super Jumbo Residential Mortgage Lender and Brokerage Firm. The Financial Expertise You Can Count On. We are seeking qualified candidate with strong organizational, time management, multi-tasker, written and verbal communication skills.
  • Work for an establish AAA rated & A+ BBB Rated company
  • National Wholesale Lender & Brokerage Firm in Multiple States
  • Investor Rating on Top 1 - 3% - 3 years in a role taking top 1% awards among 4700+ mortgage companies across US. "BEST OF BEST"

**********************
  • Immediate FILL ***********************

Currently Scheduling Interviews. . .

We are an Equal Opportunity Employer. It is the policy of the company to provide equal opportunity for all persons and not to discriminate in search , recruitment or employment because of race, religion, sex, age, marital status, veteran status, national origin, physical or mental disability, or sexual orientation.

Job Type: Full-time

Pay: $36,000.00 - $72,000.00 per year

Benefits:
  • Employee discount
  • Flexible schedule
  • Paid time off
Physical setting:
  • Office
Schedule:
  • 8 hour shift
  • Monday to Friday



Experience:
  • Loan Processing: 5 years (Required)

Shift availability:
  • Day Shift Location: In person

Example 3

Ricoma International is a global leader in the fashion and technology space, specializing in the R&D, design, manufacturing, and distribution of commercial embroidery machines and other apparel decoration products. We are looking to expand our Financing Services team with smart and outspoken individuals who have loan processing and financing experience.

The Junior Loan Processor will manage the loan process from when a customer commits to working with Ricoma Finance Group through the closing of their loan. You will analyze financial data to assess the likelihood of a borrower honoring their financial obligations.

***************************************************************************

Want to know what it's like to work at Ricoma?Click the Link!

[website]

****************************************************************************

Qualifications:

  • 1-2+ years of credit loaning experience, or equivalent work experience or training
  • High school diploma or equivalent is required
  • Experience in document preparation and document review of Equipment Leasing finance transactions
  • Knowledge and understanding of commercial lease, loan documentation, structures, and legal issues relative to secured financing
  • Knowledge in Excel, Outlook, PowerPoint and DocuSign,
  • QuickBooks and ACH Processing knowledge is a huge plus
  • Ability to navigate multiple computer systems, applications, and utilize search tools to find information
  • In-depth knowledge of closing procedures, loan processes, and documentation
  • Excellent interpersonal and communication skills
  • Good multitasking abilities with outstanding time management skills

Responsibilities:

  • Analyze client income such as W-2/1099 workers, Self-employed and business owners to determine borrower s risk and ability to repay loan.
  • Analyze client credit report to determine liabilities, judgements, and liens to assure loan eligibility
  • Analyze client bank statements to determine income
  • Post closed, denied, and withdrawn loans to assure audit compliance. Review the pipeline reports on a weekly basis to ensure that all loans in pipeline are active loans and that decisions are made on a timely basis.
  • Interact with departments on information related to client inquiries and financing
  • Assist related departments with escalated customer inquiries and situations
  • Collect and prepare all necessary documentation for loan package
  • Review applicants credit status and current financial position
  • Prepare all paperwork for new loans, including loan disclosures
  • Review loan for completeness
  • Analyze and prepare submitted packages, identify any potential red flags prior to underwriting submission
  • Submit files to the designated Underwriter

Job Type: Full-time

Pay: $40,000.00 - $45,000.00 per year

Benefits:
  • 401(k)
  • 401(k) matching
  • Dental insurance
  • Employee assistance program
  • Health insurance
  • Paid time off
  • Referral program
  • Vision insurance
Physical setting:
  • Office
Schedule:
  • Monday to Friday

Ability to commute/relocate:
  • Miami, FL 33178: Reliably commute or planning to relocate before starting work (Preferred)

Application Question(s):
  • What is your desired salary ?

Education:
  • Bachelor's (Preferred)

Experience:
  • Loan processing: 1 year (Preferred)
  • Credit analysis: 1 year Location: One location

Example 4

Windows USA is an innovative leader in the design, manufacturing, sales, and installation process of premium quality windows and doors for remodeling and replacement applications. As a family-owned and professionally managed company, Windows USA is known for its history of innovation, making outstanding products, providing quality service, and delivering outstanding customer satisfaction.

As a rapidly expanding company, we are actively hiring a proactive team player who can excel in a fast paced and detail-oriented environment. The ideal candidate must be highly motivated with positive attitude and should be able to work independently while constructively contributing to the team s success. A great opportunity for recent graduates to learn and polish a broad range of skills in a professional setting corporate environment.

The Loan Processor opening is a full-time office-based job position. This individual will be pre-screening credit reports. Held responsible for ensuring accuracy and privacy of customer information. Coordinate with sales rep to meet customers requirement in respect to financing. Verify and submit customers application to variety of lenders to secure funding to fulfil the job sold. Review the loan file to certify that it is completed and meets established standards. Furthermore, expected to work with dedication and deliver highest level of service while ensuring compliance with servicing agreements, government regulations and/or Company policies.

Responsibilities:

  • Working directly with Finance Manger to assist in achieving company specific goals
  • Collecting client data and evaluating credit reports
  • Reviewing loan applications to ensure accuracy of customer information
  • Organizing paperwork accurately in a timely manner
  • Working effectively with other departments to achieve company s objectives
  • Strong communication skills and interpersonal skills.
  • Highly organized with the ability to multi-task and meet deadlines.

Experience:

  • Banking or similar consumer financing product expertise.
  • In-depth understanding of the consumer finance landscape.
  • Numerical abilities and problem-solving attitude in a rapidly growing environment.
  • Positive attitude, enthusiastic, and must demonstrate a true passion to help people!

Requirements:

  • Work In-Person : Monday - Friday, 2pm-11pm.
  • 1-2 years of banking and or lending experience preferred.

Job Type: Full-time

Pay: $17.00 - $19.00 per hour

Benefits:
  • 401(k) matching
  • Dental insurance
  • Health insurance
  • Life insurance
  • Paid time off
  • Vision insurance
Physical setting:
  • Office
Schedule:
  • 8 hour shift
  • Monday to Friday
  • Overtime



Application Question(s):
  • This is an in-person role located in our Royal, AR office Mon - Fri, with a 2pm - 11pm daily shift. Are you able to work onsite during these Location: In person

Example 5

Please note: Enova is currently accepting candidates for this position in the following eligible states: Illinois, Indiana, Wisconsin and Utah

Are you someone who takes initiative, is a self-starter and looking for the next opportunity to advance your career?

Experience in finance or Loan Processing not required. A positive attitude and eagerness to learn are a must! The successful candidate will have a genuine enthusiasm for providing a great customer experience, will possess excellent decision making skills, and is someone who is driven to succeed in a fast paced, ever-changing environment..

What you'll do as a Loan Processor:
  • Process submitted loan applications
  • Verify loan applicant information
  • Issue loans according to company guidelines
  • Follow-up on all customer requests via phone and email
  • Apply a professional attitude and image for all internal and external customers
  • Provide a high level of service to our customers to ensure they understand the loan process
  • Perform other functions as assigned by management


100% remote. Although this is a work from home position, you must reside in Illinois, Wisconsin, Indiana or 100 miles of South Jordan, Utah.
*Enova is headquartered at 175 W Jackson Blvd. Chicago, IL 60604.

Pay and Benefits:
$16.00 per hour. You will also have the opportunity to earn a performance based bonus!
Full-time, permanent position! This is a direct hire position.
Perks and benefits start day one!

Work hours:
Schedule 1: Sunday 9:00am-5:30pm & Monday-Thursday 11:15am-8:00pm
Schedule 2: Tuesday-Friday 8:00am-4:45pm & Saturday 9:00am-5:30pm
Schedule 3: Tuesday-Friday 9:45am-6:30pm & Saturday 9:00am-5:30pm

Hours are CST (Central Standard Time)
We only offer set full-time schedules (no part-time or flexible schedules).

Enova Overview:
Enova is a leading provider of online financial services that leverages its advanced technology and analytics to provide access to credit for non-prime consumers and small businesses. Our roots are in Chicago, but we have served nearly 5 million customers through our six businesses in the U.S. and abroad. We pride ourselves on hiring smart and driven people who bring new and innovative ideas to the table.

Job Type: Full-time

Pay: $16.00 per hour

Schedule:
  • 8 hour shift
  • Monday to Friday
  • Weekend availability
Supplemental Pay:
  • Bonus pay
  • Signing bonus

Work One location

Example 6

LOAN Processor

What we do?
We're a short-term lender who serves our community by offering our customers a solution to their financial needs.

Why YOU should work here!
For starters, our first Core Value is fun! Dollar Loan Center rewards its employees who work hard are dependable and do a great job. We have fun contests, offer great benefits, closed on Sunday's, opportunities to work with different people, we love to train, and are always looking to utilize their talented staff strengths by looking to promote from within! We enjoy helping the community and being a safe place where we can help our customers who are in a pinch!

WAIT there's more! We also offer the following:
  • Opportunity for growth and advancement
  • Paid Time Off
  • Closed major holidays
  • PTO accrual starts on first paycheck
  • Fun giveaways for employees (concert or event tickets)
  • Performance based contests
  • 401(k) Plan
  • Healthcare Plans including dental and vision
  • Life Insurance
  • Steady hours
  • We love to recognize our hard workers!!
  • Sundays Off
  • SIGN ON BONUS

Duties AND Responsiblities
  • Provide friendly, courteous customer service.
  • Greet customers as they enter Dollar Loan Center with a smile and upbeat attitude.
  • Inform potential customers of the benefits of Dollar Loan Center!
  • Verify information on customer applications for completeness and accuracy.
  • Process loan applications in a time manner.
  • Inform existing customers of all the exciting new and existing benefits Dollar Loan Center has to offer.
  • Create positive relationships with customers to ensure customer retention.
  • Partner with surrounding businesses to gain referrals.
  • Ability to handle multiple customers' needs during peak times throughout the day.
  • Able to count money and make change.
  • Ability to answer questions about customer accounts.
  • Maintain a safe, and clean office environment for customers and coworkers.

Qualifications:
  • High school diploma or GED.
  • Computer literate.
  • Excellent Communication skills
  • Ability to work in a fast-paced environment
  • Positive Attitude
  • Strong work ethic
  • Willingness to learn
  • Reliable Transportation
  • Satisfactorily pass a background check
  • Familiar with basic office equipment
  • Spanish/English bilingual is a plus, but not necessary.

What our employees are saying about us?
Great company to work for! I have a great schedule with great benefits and a 401k plan. would recommend this job to anyone.

There are a lot of opportunities to grow in this company.

What are you waiting for? APPLY Already !

Job Type: Full-time

Pay: $15.00 per hour

Benefits:
  • 401(k)
  • Dental insurance
  • Health insurance
  • Life insurance
  • Paid time off
  • Referral program
  • Vision insurance
Schedule:
  • 8 hour shift
  • Day shift
  • Monday to Friday
  • Weekend availability
Supplemental Pay:
  • Signing bonus

Ability to commute/relocate:
  • Salt Lake City, UT 84115: Reliably commute or planning to relocate before starting work (Required)

Education:
  • High school or equivalent (Required)

Experience:
  • Customer service: 1 year (Preferred)
  • Cash handling: 1 year (Preferred)

Language:
  • Spanish Location: One location

Example 7

LOAN Processor

What we do?
We're a short-term lender who serves our community by offering our customers a solution to their financial needs.

Why YOU should work here!
For starters, our first Core Value is fun! Dollar Loan Center rewards its employees who work hard are dependable and do a great job. We have fun contests, offer great benefits, closed on Sunday's, opportunities to work with different people, we love to train, and are always looking to utilize their talented staff strengths by looking to promote from within! We enjoy helping the community and being a safe place where we can help our customers who are in a pinch!

WAIT there's more! We also offer the following:
  • Opportunity for growth and advancement
  • Paid Time Off
  • Closed major holidays
  • PTO accrual starts on first paycheck
  • Fun giveaways for employees (concert or event tickets)
  • Performance based contests
  • 401(k) Plan
  • Healthcare Plans including dental and vision
  • Life Insurance
  • Steady hours
  • We love to recognize our hard workers!!
  • Sundays Off
  • SIGN ON BONUS

Duties AND Responsiblities
  • Provide friendly, courteous customer service.
  • Greet customers as they enter Dollar Loan Center with a smile and upbeat attitude.
  • Inform potential customers of the benefits of Dollar Loan Center!
  • Verify information on customer applications for completeness and accuracy.
  • Process loan applications in a time manner.
  • Inform existing customers of all the exciting new and existing benefits Dollar Loan Center has to offer.
  • Create positive relationships with customers to ensure customer retention.
  • Partner with surrounding businesses to gain referrals.
  • Ability to handle multiple customers' needs during peak times throughout the day.
  • Able to count money and make change.
  • Ability to answer questions about customer accounts.
  • Maintain a safe, and clean office environment for customers and coworkers.

Qualifications:
  • High school diploma or GED.
  • Computer literate.
  • Excellent Communication skills
  • Ability to work in a fast-paced environment
  • Positive Attitude
  • Strong work ethic
  • Willingness to learn
  • Reliable Transportation
  • Satisfactorily pass a background check
  • Familiar with basic office equipment
  • Spanish/English bilingual is a plus, but not necessary.

What our employees are saying about us?
Great company to work for! I have a great schedule with great benefits and a 401k plan. would recommend this job to anyone.

There are a lot of opportunities to grow in this company.

What are you waiting for? APPLY Already !

Job Type: Full-time

Pay: $15.00 per hour

Benefits:
  • 401(k)
  • 401(k) matching
  • Dental insurance
  • Employee assistance program
  • Health insurance
  • Life insurance
  • Paid time off
  • Referral program
  • Vision insurance
Schedule:
  • 8 hour shift
  • Day shift
  • Monday to Friday
  • Weekend availability
Supplemental Pay:
  • Signing bonus

Ability to commute/relocate:
  • Carson City, NV 89705: Reliably commute or planning to relocate before starting work (Required)

Education:
  • High school or equivalent (Required)

Experience:
  • Customer service: 1 year (Preferred)
  • Cash handling: 1 year (Preferred)

Language:
  • Spanish (Preferred)

Willingness to travel:
  • 25% Location: One location
Our mission

Indeed’s Employer Resource Library helps businesses grow and manage their workforce. With over 15,000 articles in 6 languages, we offer tactical advice, how-tos and best practices to help businesses hire and retain great employees.

Read our editorial guidelines
Job Description Best Practices
Optimize your new and existing job descriptions to reach more candidates
Get the Guide

What does a 242501030loan processor8.12banking5.16mortgage loan processor3.15mortgage processor2.74mortgage2.681253231508108.8021.5639.75HOURLY428242412025-10-012025-10-312025-09-012025-09-302025-11-05Loan Processor do?

Loan Processors work at banks and other financial lenders to act as a liaison between front-facing bank staff and the underwriters who research and approve loans. Their role is to make sure that loan applications are free of mistakes and include all of the essential information Underwriters need to perform a risk assessment and a background check, preventing errors from increasing turnaround time. Loan Processors act as a liaison between the Loan Officer and the Underwriter, double-checking lending guidelines and all essential prior-to-document conditions related to each loan document before and after approval.

242501030loan processor8.12banking5.16mortgage loan processor3.15mortgage processor2.74mortgage2.681253231508108.8021.5639.75HOURLY428242412025-10-012025-10-312025-09-012025-09-302025-11-05Loan Processor skills and qualifications

Loan Processors should have a variety of practical skills for their position. The main skills and qualifications of a 242501030loan processor8.12banking5.16mortgage loan processor3.15mortgage processor2.74mortgage2.681253231508108.8021.5639.75HOURLY428242412025-10-012025-10-312025-09-012025-09-302025-11-05Loan Processor are:

  • Experience with mortgage loan software programs
  • Verbal and written communication
  • Good interpersonal and customer service skills
  • Time-management and organization skills
  • Ability to work with strict deadlines
  • Ability to explain technical concepts in simple terms
  • Ability to work in fast-paced environment
  • Willingness to learn new concepts to grow and advance

Loan Processor salary expectations

A Loan Processor makes an average of $47,341 per year. Salary may depend on level of experience, education and the geographical location.

Loan Processor salary expectations

2025-10-018.8021.5639.75HOURLY
  • Common salary: 21.56 HOURLY
  • Typical salaries range from 8.80 - 39.75 HOURLY
  • Find more information on Indeed Salaries

*Indeed data – 2025-10-01

Loan Processor education and training requirements

The minimum educational requirement for Loan Processors is a high school diploma or GED. Some employers prefer to hire Loan Processor candidates who have an associate degree in finance. A bachelor’s degree in finance or economics is important for those who want more experience and better career prospects as a Loan Processor. Certifications and training are available for Loan Processors, which can make them more attractive candidates. Those who hold a certification must be able to maintain it through continuing education.

Loan Processor experience requirements

Entry-level Loan Processors should have a year of experience in banking or finance, preferably in a customer-facing role. Experience as a Teller or Customer Support Representative is ideal. Loan Processors who work with complicated or complex loan applications, such as commercial loans, need one to two years of experience. Senior-level Loan Processors and those in leadership roles need three to five years of experience. A bachelor’s degree can usually substitute for some experience at any level.

Job description samples for similar positions

If the job description for the Loan Processor does not suit your needs, view descriptions for related professions:

Job Description Best Practices
Optimize your new and existing job descriptions to reach more candidates
Get the Guide

Frequently asked questions about Loan Processors

Three individuals are sitting at a table with a laptop, a disposable coffee cup, notebooks, and a phone visible. Two are facing each other, while the third’s back is to the camera. The setting appears to be a bright room with large windows.

Hire your next Loan Processor today.

Build a job description

Job Description Examples

Need help writing a job description for a specific role? Use these job description examples to create your next great job posting. Or if you’re ready to hire, post your job on Indeed.

No search results found

    Related articles

    20 Interview Questions to Ask Candidates
    Read article
    How To Hire Employees: A Step-by-Step Guide
    Read article
    Roles and Responsibilities Template (With 3 Samples)
    Read article