How do I become a loan processor and work from home?

To get a work from home loan processor job, you typically need at least a high school diploma or GED certificate and prior experience in loan processing. Some employers request a bachelor’s degree in business or another relevant field. Knowledge of loan processing, documentation, or administration is beneficial.

Can loan processors work remotely?

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.

Do loan processors make good money?

Salary Ranges for Mortgage Loan Processors The salaries of Mortgage Loan Processors in the US range from $22,224 to $62,000 , with a median salary of $37,710 . The middle 57% of Mortgage Loan Processors makes between $37,710 and $45,183, with the top 86% making $62,000.

Do loan processors make commission?

Yes, mortgage loan processors can make commissions. Some employers may offer the option of being paid per loan funded or offer a base salary plus a bonus for a certain number of loans funded per month. Mortgage loan processors make $41,782 in average yearly salary or $20.09 per hour.

What is a remote loan processor?

Is being a loan processor stressful?

The typical work environment for a loan processor is a fast-paced and at times, stressful office. Some loan processors work out of home offices.

Is mortgage processing stressful?

One of the most common stress triggers in the mortgage process is feeling uninformed or uneducated in how things are done. By understanding the process, you’ll feel more empowered and “in-the-know” throughout each phase. If this is your first home, the process may seem complicated.