OPT Mortgage Loan Processor Jobs
Mortgage Loan Processor jobs are available to F-1 OPT students with degrees in finance, business, or economics. Employers in this field frequently hire on OPT, and STEM OPT extensions may apply for quantitative or data-focused processor roles. Standard OPT authorization covers the full loan processing workflow.
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The Student Account Processor handles the movement of Title IV funds and all other financial aid for both the Main Campus and Law School. Analyze and complete direct loan reconciliation with our system and COD. Process VA payments on the student account and serve as liaison to the Student Veterans Center. Process all other types of payments on the student account. The Student Account Processor position ensures compliance with Federal and State regulations/laws as well as Office and University policies. Additionally, the position will make student-oriented decisions in keeping with the University vision, philosophy, and operating practices while maintaining positive relationships with internal and external individuals on behalf of the Student Accounts Office.
This position requires a financial background check due to the financial responsibilities associated with the role.
This is a full-time, in-person position
Essential Functions
Movement of Title IV funds and all other financial aid.
- Auditing FA reports and posting to the student accounts and general ledger.
- Work closely with the Financial Aid Office to address any issues.
- Provide Finance with memos for amounts of drawdowns/returns for Title IV loans.
- Create loan spreadsheets for reconciliation of Title IV loans and Alternative Loans.
- Request returns of Alternative loans.
Reconcile Title IV loans
- Monthly reconcile the bank, COD, and our GLs sent any issues to Financial Aid.
- Provide Financial Aid with a year-end report for COD closing.
Process VA payments to student accounts
- Review Student Veterans Center screen for amounts for verification.
- Cash receipt the funds to the student account.
- Address any issues with Student Veterans Center.
- Request refunds to the student or return to VA for overpayments.
- Enter any deferred plans on student accounts on anticipated VA funds to avoid late fees and eligibility to register for next term.
Military Billing and Payments
- Approve/create invoices to various military branches for tuition assistance.
- Process payments to student account.
- Data enter any deferred plans on student accounts on anticipated VA funds to avoid late fees and eligibility to register for next term.
Process various other payments to student accounts.
- Assist students with walk-in payments.
- Process any wires, EFT, mailed, etc.
Returned payments
- Update student accounts for any returned payments and communicate with the students via email.
Assist with third-party billing
- Help prepare and report to various entities to facilitate payment to either the university or to the student for reimbursement:
- FL Prepaid
- SACM
- Miami Dade County
- Create letters needed for tuition reimbursement for approval by supervisor.
- Assist with student account reconciliation to help clear accounts term to term.
- Assist with Uncashed Refunds Reports.
Assist students with walk-in payments.
- Help students/family understand their student account balance.
- Assist Financial Aid with any student issues.
Qualifications/Requirements
- Bachelor's degree in Business or related field is preferred.
- 1-3 years of work-related experience is required.
- Make sound, timely decisions based on adequate information.
- Manage projects and balance workloads to achieve results.
- Knowledge of MS Word, Excel, Access, PowerPoint. Ability to learn Colleague. A systematic approach to solving technical issues.
- Ability to interact with students, faculty and staff in a professional, positive, timely and courteous manner.
- Experience in cash handling and supervising in a “face-to-face” service environment. Attention to detail and maintain confidentiality of sensitive information.
- Maintain composure in handling multiple priorities or challenging situations.
- Take a leadership role to positively impact the student experience.
- Make prompt quality decisions.
- Flexibility to work as needed during peak periods and an occasional Saturday.
Benefits: Barry University offers a comprehensive benefits package to full-time employees that includes health, dental, vision, life insurance, retirement, tuition assistance, paid time off and work/life balance initiatives such as wellness programs, spirituality in the workplace, and training and development.
Barry University is an Equal Opportunity Employer, committed to a diverse and inclusive work environment.
Summary
The Student Account Processor handles the movement of Title IV funds and all other financial aid for both the Main Campus and Law School. Analyze and complete direct loan reconciliation with our system and COD. Process VA payments on the student account and serve as liaison to the Student Veterans Center. Process all other types of payments on the student account. The Student Account Processor position ensures compliance with Federal and State regulations/laws as well as Office and University policies. Additionally, the position will make student-oriented decisions in keeping with the University vision, philosophy, and operating practices while maintaining positive relationships with internal and external individuals on behalf of the Student Accounts Office.
This position requires a financial background check due to the financial responsibilities associated with the role.
This is a full-time, in-person position
Essential Functions
Movement of Title IV funds and all other financial aid.
- Auditing FA reports and posting to the student accounts and general ledger.
- Work closely with the Financial Aid Office to address any issues.
- Provide Finance with memos for amounts of drawdowns/returns for Title IV loans.
- Create loan spreadsheets for reconciliation of Title IV loans and Alternative Loans.
- Request returns of Alternative loans.
Reconcile Title IV loans
- Monthly reconcile the bank, COD, and our GLs sent any issues to Financial Aid.
- Provide Financial Aid with a year-end report for COD closing.
Process VA payments to student accounts
- Review Student Veterans Center screen for amounts for verification.
- Cash receipt the funds to the student account.
- Address any issues with Student Veterans Center.
- Request refunds to the student or return to VA for overpayments.
- Enter any deferred plans on student accounts on anticipated VA funds to avoid late fees and eligibility to register for next term.
Military Billing and Payments
- Approve/create invoices to various military branches for tuition assistance.
- Process payments to student account.
- Data enter any deferred plans on student accounts on anticipated VA funds to avoid late fees and eligibility to register for next term.
Process various other payments to student accounts.
- Assist students with walk-in payments.
- Process any wires, EFT, mailed, etc.
Returned payments
- Update student accounts for any returned payments and communicate with the students via email.
Assist with third-party billing
- Help prepare and report to various entities to facilitate payment to either the university or to the student for reimbursement:
- FL Prepaid
- SACM
- Miami Dade County
- Create letters needed for tuition reimbursement for approval by supervisor.
- Assist with student account reconciliation to help clear accounts term to term.
- Assist with Uncashed Refunds Reports.
Assist students with walk-in payments.
- Help students/family understand their student account balance.
- Assist Financial Aid with any student issues.
Qualifications/Requirements
- Bachelor's degree in Business or related field is preferred.
- 1-3 years of work-related experience is required.
- Make sound, timely decisions based on adequate information.
- Manage projects and balance workloads to achieve results.
- Knowledge of MS Word, Excel, Access, PowerPoint. Ability to learn Colleague. A systematic approach to solving technical issues.
- Ability to interact with students, faculty and staff in a professional, positive, timely and courteous manner.
- Experience in cash handling and supervising in a “face-to-face” service environment. Attention to detail and maintain confidentiality of sensitive information.
- Maintain composure in handling multiple priorities or challenging situations.
- Take a leadership role to positively impact the student experience.
- Make prompt quality decisions.
- Flexibility to work as needed during peak periods and an occasional Saturday.
Benefits: Barry University offers a comprehensive benefits package to full-time employees that includes health, dental, vision, life insurance, retirement, tuition assistance, paid time off and work/life balance initiatives such as wellness programs, spirituality in the workplace, and training and development.
Barry University is an Equal Opportunity Employer, committed to a diverse and inclusive work environment.
See all OPT Mortgage Loan Processor Jobs
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Get Access To All JobsTips for Finding OPT Sponsorship in Mortgage Loan Processor
Target community banks and credit unions
Smaller lenders often have more flexible hiring timelines and less bureaucratic HR processes than large banks, making them more willing to work through OPT authorization paperwork for qualified candidates with strong processing skills.
Highlight your compliance knowledge upfront
Mortgage processing involves RESPA, TILA, and HMDA regulations. Demonstrating familiarity with federal compliance requirements in your resume signals that you can contribute immediately without an extended ramp-up period.
Clarify your OPT timeline early in the process
Mortgage employers plan long-term. Tell hiring managers your exact OPT end date and whether you qualify for a STEM extension so they can assess continuity before investing time in your application.
Obtain your NMLS registration before applying
Many Mortgage Loan Processor roles require Nationwide Multistate Licensing System registration. Having this completed or in progress signals professional seriousness and removes a common onboarding obstacle for OPT candidates.
Emphasize experience with loan origination software
Proficiency in platforms like Encompass, Calyx Point, or Blend is a practical differentiator. Employers hiring on OPT want candidates who can operate core systems from day one with minimal training overhead.
Frame your degree's quantitative coursework as directly relevant
Finance, accounting, or economics coursework directly supports the income verification, debt-to-income calculations, and risk assessment tasks central to loan processing. Connect your academic background explicitly to daily job responsibilities in your cover letter.
Mortgage Loan Processor OPT: Frequently Asked Questions
Can F-1 OPT students legally work as Mortgage Loan Processors in the United States?
Yes. Mortgage Loan Processor is a qualifying role for F-1 OPT as long as it directly relates to your degree field, typically finance, business, accounting, or economics. Your employer does not need to file any petition with USCIS. You work on the strength of your EAD card, and your DSO simply needs to confirm the role is related to your program of study.
Do Mortgage Loan Processor employers commonly sponsor H-1B visas after OPT?
Sponsorship rates vary considerably by employer size and type. Regional banks, mortgage servicers, and fintech lenders with dedicated HR teams are more likely to sponsor than small independent brokers. The strongest path to sponsorship is demonstrating strong performance during your OPT period, which gives the employer concrete justification to invest in the H-1B visa process. Browse OPT-friendly employers on Migrate Mate to identify companies with a history of sponsoring similar roles.
Does a Mortgage Loan Processor role qualify for a STEM OPT extension?
It depends on your degree. If your degree is in a STEM-designated field such as financial mathematics, data analytics, computer science, or quantitative finance, and your processor role involves significant data analysis or modeling work, it may qualify. Standard business administration or finance degrees are not on the STEM designation list, so most traditional Mortgage Loan Processor roles will fall under the standard 12-month OPT period. Confirm with your DSO before applying.
What does the Mortgage Loan Processor role involve day-to-day on OPT?
You collect and verify borrower documentation including income statements, tax returns, and credit reports, then order title searches, appraisals, and insurance. You communicate between underwriters, loan officers, and borrowers to keep files moving toward closing. The work is detail-intensive, deadline-driven, and heavily regulated. Your OPT authorization covers all of these responsibilities as long as the role is within your degree's field of study.
Is NMLS registration possible for F-1 OPT students?
Yes. F-1 OPT students can register with the Nationwide Multistate Licensing System. NMLS registration for processors is a background check and registration process, not a license requiring citizenship or permanent residency. Some states do require a Social Security Number, which OPT students with an EAD and employment history typically have. Check your specific state's requirements and start the process before your first day if possible.