H-1B Visa Loan Processor Jobs
Loan Processor roles qualify for H-1B visa sponsorship when the position requires a bachelor's degree in finance, business, or a related field. Large banks, mortgage companies, and credit unions file LCAs with the DOL certifying prevailing wage compliance before sponsoring. Cap-subject H-1B filings open each April for an October 1 start date.
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Get Access To All JobsThanks for your interest in applying to the Bank of Utah. My name is Thelma Fonger, and I work as AVP Loan Operations Team Lead. As an introduction to our company, the Bank of Utah was founded in 1952, and is one of Utah’s largest privately owned community banks. We were named S&P Global Top 20 Bank two years in a row and a Top 100 Fastest Growing Company.
Our Mission Statement:
We strive to unlock the potential of our team members, clients, and community. We act with integrity in every decision, build trust through every interaction, and exceed expectations at every opportunity. We seek to responsibly create lasting prosperity today and for generations to come.
Job Opening Details:
If our mission statement piques your interest, we encourage you to apply for the currently open position of Loan Servicing Processor to work Monday - Friday, 8 AM-5 PM, at our Ogden Branch located at 2605 Washinton Blvd, UT. This Loan Servicing Processor provides customer service and servicing for commercial loan customers, commercial construction loan customers, and SBA loan customers. Serves as a resource to all Loan Officers and Loan Assistants. Processes or inputs all loan types (SBA, Construction, Commercial, Letters of Credit, Master Notes, Leases, Bonds, etc.) to the DNA system. Completes Loan File Maintenance, and services Commercial Construction Loans and escrows in the draw procedure. Processes loan payments.
Qualifications
- High School Education
- Typing 45 WPM
- Good communication skills
- Must be able to work at a high level of productivity with little supervision.
- Have a basic understanding of debits and credits
- Have a basic understanding of loan documentation
Regular Duties and Responsibilities
- Books and verifies all loan types (SBA, Construction, Commercial, Letters of Credit, Master Notes, Leases, Bonds, Loan Participations (serviced and sold), etc.) to DNA.
- Completes Loan File Maintenance and Status Changes as requested on DNA.
- Set up commercial construction loans in Construct.
- Perform all duties of the draw process for Commercial Construction draws and escrow releases on the Construct system ensuring that the draw meets all the general policies and guidelines in order to process and complete the draw request. Responsibility is split into two separate duties: Person 1 verifies W-9 information on all vendors, verifies invoices, monitors loan inspections ensuring work is complete, and monitors line items, issues payment of checks, and remote prints checks. Person 3 or Verifier verifies the check amounts, the vendor paid, the correct invoices and addresses, and that the draw balances between DNA and Construct.
- Maintain escrow report to keep track of all third-party escrow agreements.
- Provide customer service to both commercial loan and construction loan customers. Answering questions regarding payments and draws.
- Performs various GL reconciliations as assigned by manager.
- Reconciles loan billing statement with print vendor to ensure statements are being mailed and/or held as needed.
- Process interest reserve payments on commercial construction and development loans.
- Provides back up in clearing Loan Non-Post items.
- Assists with investor reporting on Zion’s Bank, Colson Services, and all other miscellaneous bank participations. Remitting payments and requesting funds when loans appear on the note exceptions report and the posted transaction report.
- Monitors the Note Exception Report clearing items daily as necessary.
- Quotes and processes payoffs for sold SBA 7A loans.
- Process loan payments.
- Responsible to seek out and complete Training courses that are relevant to this job description, that will help them improve their knowledge, skills, and abilities.
- Other daily duties as assigned.
Benefits of Working with Us
Bank of Utah's comprehensive benefits package includes:
- Great work-life balance, with a Monday-Friday schedule
- Competitive pay and benefits, including medical, dental and vision plans
- 401(k) plan and match up to 5 percent in our employee stock ownership program (eligibility requirements must be met)
- 12 paid bank holidays + paid time off, including paid parental leave
- Volunteer opportunities to make a difference in the communities where you work and live
- Awards and recognition to celebrate you and your colleagues for living the bank's values
- Compensation will be based on qualifications and experience.
Thanks for your interest in applying to the Bank of Utah. My name is Thelma Fonger, and I work as AVP Loan Operations Team Lead. As an introduction to our company, the Bank of Utah was founded in 1952, and is one of Utah’s largest privately owned community banks. We were named S&P Global Top 20 Bank two years in a row and a Top 100 Fastest Growing Company.
Our Mission Statement:
We strive to unlock the potential of our team members, clients, and community. We act with integrity in every decision, build trust through every interaction, and exceed expectations at every opportunity. We seek to responsibly create lasting prosperity today and for generations to come.
Job Opening Details:
If our mission statement piques your interest, we encourage you to apply for the currently open position of Loan Servicing Processor to work Monday - Friday, 8 AM-5 PM, at our Ogden Branch located at 2605 Washinton Blvd, UT. This Loan Servicing Processor provides customer service and servicing for commercial loan customers, commercial construction loan customers, and SBA loan customers. Serves as a resource to all Loan Officers and Loan Assistants. Processes or inputs all loan types (SBA, Construction, Commercial, Letters of Credit, Master Notes, Leases, Bonds, etc.) to the DNA system. Completes Loan File Maintenance, and services Commercial Construction Loans and escrows in the draw procedure. Processes loan payments.
Qualifications
- High School Education
- Typing 45 WPM
- Good communication skills
- Must be able to work at a high level of productivity with little supervision.
- Have a basic understanding of debits and credits
- Have a basic understanding of loan documentation
Regular Duties and Responsibilities
- Books and verifies all loan types (SBA, Construction, Commercial, Letters of Credit, Master Notes, Leases, Bonds, Loan Participations (serviced and sold), etc.) to DNA.
- Completes Loan File Maintenance and Status Changes as requested on DNA.
- Set up commercial construction loans in Construct.
- Perform all duties of the draw process for Commercial Construction draws and escrow releases on the Construct system ensuring that the draw meets all the general policies and guidelines in order to process and complete the draw request. Responsibility is split into two separate duties: Person 1 verifies W-9 information on all vendors, verifies invoices, monitors loan inspections ensuring work is complete, and monitors line items, issues payment of checks, and remote prints checks. Person 3 or Verifier verifies the check amounts, the vendor paid, the correct invoices and addresses, and that the draw balances between DNA and Construct.
- Maintain escrow report to keep track of all third-party escrow agreements.
- Provide customer service to both commercial loan and construction loan customers. Answering questions regarding payments and draws.
- Performs various GL reconciliations as assigned by manager.
- Reconciles loan billing statement with print vendor to ensure statements are being mailed and/or held as needed.
- Process interest reserve payments on commercial construction and development loans.
- Provides back up in clearing Loan Non-Post items.
- Assists with investor reporting on Zion’s Bank, Colson Services, and all other miscellaneous bank participations. Remitting payments and requesting funds when loans appear on the note exceptions report and the posted transaction report.
- Monitors the Note Exception Report clearing items daily as necessary.
- Quotes and processes payoffs for sold SBA 7A loans.
- Process loan payments.
- Responsible to seek out and complete Training courses that are relevant to this job description, that will help them improve their knowledge, skills, and abilities.
- Other daily duties as assigned.
Benefits of Working with Us
Bank of Utah's comprehensive benefits package includes:
- Great work-life balance, with a Monday-Friday schedule
- Competitive pay and benefits, including medical, dental and vision plans
- 401(k) plan and match up to 5 percent in our employee stock ownership program (eligibility requirements must be met)
- 12 paid bank holidays + paid time off, including paid parental leave
- Volunteer opportunities to make a difference in the communities where you work and live
- Awards and recognition to celebrate you and your colleagues for living the bank's values
- Compensation will be based on qualifications and experience.
See all H-1B Visa Loan Processor Jobs
Sign up for free to unlock all listings, filter by visa type, and get alerts for new H-1B Visa Loan Processor Jobs.
Get Access To All JobsTips for Finding H-1B Visa Sponsorship in Loan Processor
Verify your degree meets specialty occupation
Loan Processor H-1B petitions get scrutinized because some employers classify the role as administrative rather than professional. Pull the O*NET profile for Loan Officers and document how your bachelor's degree in finance, accounting, or business directly supports your daily duties.
Search LCA filings to target sponsors
Use Migrate Mate to filter employers with active H-1B LCA filings for Loan Processor and Loan Officer roles. This surfaces banks, mortgage servicers, and credit unions that have already cleared DOL prevailing wage requirements for this position.
Confirm the offered wage meets DOL levels
Before accepting an offer, run the OFLC Wage Search for your job title and worksite metro area. Your offered wage must meet at least the Level I prevailing wage for the LCA to be certified, and a Level II or III wage significantly reduces petition risk.
Ask whether your employer files cap-exempt
Universities, nonprofit research organizations, and government-affiliated entities are cap-exempt and can file an H-1B petition any time of year. If a university's loan servicing or financial aid division is hiring, you could skip the April lottery entirely.
Document regulatory knowledge for the I-129
USCIS often issues Requests for Evidence on Loan Processor petitions questioning specialty occupation status. Have your employer include evidence that the role requires applying TILA, RESPA, or HMDA regulations, which ties the position to specialized knowledge beyond a general business degree.
Align your offer letter with the LCA job duties
The job duties described in your offer letter, the LCA filed with DOL, and the I-129 petition to USCIS must be consistent. Discrepancies between a broad offer letter and a narrow LCA description are a common trigger for RFEs in financial services roles.
H-1B Visa Loan Processor: Frequently Asked Questions
Does a Loan Processor role qualify as a specialty occupation for H-1B purposes?
It can, but it requires clear documentation. USCIS will approve the petition if the employer demonstrates the role normally requires a bachelor's degree in a specific field like finance, accounting, or business administration. Generic job postings that list a degree as preferred rather than required weaken the case, so the employer's internal job requirements and actual duties must reflect a degree-dependent role.
Which types of employers sponsor H-1B visas for Loan Processor positions?
National and regional banks, mortgage companies, credit unions, and financial services firms are the most common sponsors for Loan Processor H-1Bs. Cap-exempt employers like university financial aid offices or government-chartered entities can also sponsor and file outside the April lottery window. Migrate Mate lets you filter by employers with verified LCA filing history for this role.
How does the H-1B lottery affect a Loan Processor job search timeline?
Cap-subject H-1B registrations open in March each year, selection results are announced in late March or April, and approved petitions take effect on October 1. If you're on OPT or another status, you and your employer need to plan around that October 1 start. Employers filing for cap-exempt positions face no lottery and can hire at any point in the year.
What prevailing wage level should a Loan Processor H-1B offer meet?
The DOL sets prevailing wages by job title, experience level, and worksite location. Loan Processor wages vary significantly between metro areas, so the OFLC Wage Search is the right tool to confirm the applicable rate. A Level I wage applies to entry-level positions, while Level II reflects full use of the required degree. Offers below the certified wage level will cause the LCA to fail.
Can a Loan Processor on H-1B change employers mid-petition?
Yes. H-1B portability under AC21 lets you start working for a new employer once they file an H-1B transfer petition, without waiting for approval, as long as your current petition has been approved and you've maintained valid status. The new employer must file their own I-129 and LCA with DOL certifying the prevailing wage for your new worksite before you begin.