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The Processor Certification form is a key document used by loan processors to attest that all necessary paperwork, including paystubs, W2s, tax returns, bank statements, and various verifications, are true and correct copies of the originals.
The ideal candidate has a high school diploma/GED or a certificate in a loan processing program from an accredited university. Current students working towards an associates or bachelors degree in finance or a related field are also under consideration.
Your processor keeps track of certain deadlines of your mortgage application timeline to ensure you close on your house on time and avoid any unnecessary fees. The timeline includes finding a home and making an offer, the home appraisal and completing the mortgage underwriting and final loan.
The most common career steps to get to Loan Processor are Recruiter, Accounting Manager and Loan Originator based on actual career paths reported to Jobtrees. Recruiter, the most common step before Loan Processor, is a more senior role which is common to see in career paths.
To begin your Processor career path, a Bachelors Degree in Business or a related field is usually necessary in order to remain a competitive option for employers.
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As of Mar 17, 2025, the average hourly pay for a Loan Processor in California is $21.02 an hour. While ZipRecruiter is seeing salaries as high as $30.37 and as low as $13.52, the majority of Loan Processor salaries currently range between $17.79 (25th percentile) to $23.70 (75th percentile) in California.
This is an extremely stressful career especially at first. Any field where you are managing hundreds of thousands of dollars and any one of the infinite number of moving pieces can wreck your loan and ruin your month is going to cause a few nights of loss sleep.

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