Employers
Approximately 206,100 loan processors are employed in the United States. Loan processors are employed by commercial banks, savings institutions, credit unions, and loan processing companies. Some work for credit bureaus and credit card companies. Opportunities are available throughout the country, but are strongest in large metropolitan areas.
Starting Out
The most common way to land a job as a loan processor is to contact potential employers directly regarding job opportunities. Additionally, a simple Internet search using the phrase “loan processing jobs” will generate a large number of job listings. Other ways to learn more about job opportunities include using the resources of one’s high school or college career center, attending banking/mortgage industry career fairs, and networking in-person and online at Web sites such as LinkedIn. Some loan processors land their first jobs after working as bank tellers or customer service representatives.
- Accountants
- Auditors
- Automatic Teller Machine Servicers
- Automotive Dealership Sales Managers
- Bank Branch Managers
- Bank Examiners
- Billing Clerks
- Bookkeeping and Accounting Clerks
- Business Managers
- Chief Financial Officers
- College Administrators
- Compliance Managers
- Credit Analysts
- Economists
- Financial Analysts
- Financial Institution Officers and Managers
- Financial Institution Tellers, Clerks, and Related Workers
- Financial Planners
- Financial Quantitative Analysts
- Financial Services Brokers
- Forensic Accountants and Auditors
- Fraud Examiners, Investigators, and Analysts
- Investment Fund Managers
- Investment Professionals
- Investment Underwriters
- Loan Officers and Counselors
- Loan Underwriters
- Mortgage Bankers
- Private Bankers
- Regulatory Affairs Managers
- Regulatory Affairs Specialists
