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Mortgage Loan Processor
Career Insights for Loan Processor
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Scorecard
Based on Iowa data
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What they do
A Loan Processor processes applications for bank loans including mortgage or commercial loans. Assists customers with the application process, organizes and reviews credit information or business financial reports, and puts together materials needed for loan underwriters to evaluate an application.
$41,640 / year median in Iowa
-24% projected decline
Job Description
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Between $60k and
$70k
Per Year
Position range in Des Moines-West Des Moines, IA Metropolitan Statistical Area $49k - $63k Per Year Mortgage Loan Processor
(Employer Name Not Available)
Occupation:
Loan Interviewers and Clerks
Location:
Des Moines, IA - 50327
Job Type:
Full Time
Posted:
09/02/2026
Positions available: 1
Source:
Palmer Group
Web Site:
www.thepalmergroup.com
Job #: 46135
Job Requirements and Properties
Help for Job Requirements and Properties. Opens a new window. Work Onsite
Full Time Schedule
Full Time
Job Description
Help for Job Description. Opens a new window. We are seeking a detail-oriented and customer-focused Mortgage Loan Processor to join our team. In this role, you will manage residential loan files from application through closing by ensuring documentation is complete, accurate, and compliant with lender, investor, and regulatory requirements. The ideal candidate is highly organized, communicates effectively with borrowers and internal stakeholders, and thrives in a fast-paced environment while managing multiple loan files and deadlines. Apply now!
Work Model:
On-Site What You Will Do:
- Verify loan files comply with lender, investor, company, and regulatory requirements
- Stay informed on investor guidelines, loan products, program updates, and lending overlays
- Coordinate communication between borrowers, loan officers, underwriters, title companies, appraisers, and other stakeholders
- Oversee an active pipeline of loan files and provide status updates, condition tracking, and closing timeline information
- Evaluate loan packages for completeness and accuracy before submitting files to investors
- Monitor underwriting and prior-to-funding conditions and facilitate timely resolution of outstanding items
- Examine title commitments and coordinate the clearance of open issues before closing
- Collect and validate required documentation from borrowers and third-party providers Additional Information
Help for Additional Information.
Opens a new window. What You Will Need to
Be Successful:
- High School Diploma, GED, or equivalent
- At least 2 years of experience processing residential mortgage loans
- Proven ability to review loan documents and ensure file accuracy and completeness
- Experience managing loan files throughout the full loan lifecycle, from application to closing
- Working knowledge of mortgage lending regulations, investor requirements, and loan origination platforms
- Strong verbal and written communication skills with the ability to interact effectively with borrowers and internal stakeholders
- Excellent organizational, analytical, and prioritization skills in a deadline-driven environment
- Strong attention to detail with a commitment to maintaining accuracy and compliance
- Ability to balance multiple loan files and competing priorities in a fast-paced setting
- Knowledge of residential mortgage products, including Conventional, FHA, VA, and USDA loans, with the ability to work independently and collaboratively as part of a team
Benefits Overview:
- Health, dental, and vision insurance
- 401k
- PTO Interested and qualified candidates can contact Jess Jones at (515) 225-7000 or email Jess at jjones@thepalmergroup.
com. #ZR