Loan Processor Jobs in USA with Visa Sponsorship
Loan processors evaluate and verify mortgage applications, making them eligible for H-1B visa sponsorship when the role requires specialized financial analysis skills and a relevant bachelor's degree. Major banks and mortgage companies sponsor loan processors, though competition varies by employer size and regional demand. For detailed occupation requirements, see the O*NET profile.
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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 Loan Processor Jobs
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Get Access To All JobsTips for Finding Loan Processor Jobs
Target specialized loan processing roles
Focus on positions requiring complex loan analysis, risk assessment, or regulatory compliance knowledge rather than basic data entry roles. Specialized functions strengthen H-1B specialty occupation requirements.
Emphasize your degree's relevance
Connect your finance, business, economics, or related degree directly to loan underwriting principles, risk analysis, and regulatory compliance requirements in your application materials.
Research mortgage company sponsorship history
Check DOL disclosure data for LCA filings by banks and mortgage lenders. Large institutions like Wells Fargo and JPMorgan Chase regularly sponsor financial professionals.
Highlight regulatory compliance expertise
Demonstrate knowledge of TRID, QM rules, and other mortgage regulations. Compliance-focused roles often meet specialty occupation standards better than general processing positions.
Consider credit union opportunities
Credit unions often need specialized loan processors and may face less competition for H-1B applications compared to major banks, improving your sponsorship chances.
Build automated underwriting system skills
Experience with DU, LP, or other automated underwriting platforms demonstrates specialized knowledge that supports H-1B eligibility for loan processing roles.
Frequently Asked Questions
Do loan processors qualify for H-1B sponsorship?
Yes, but the role must require specialized knowledge and a relevant bachelor's degree. Basic loan processing focused on data entry typically doesn't qualify, while positions involving complex underwriting analysis, risk assessment, or regulatory compliance often do meet H-1B visa specialty occupation requirements.
What degree do I need for H-1B sponsorship as a loan processor?
Finance, business administration, economics, accounting, or related fields work best. The degree should connect to loan underwriting principles, financial analysis, or risk assessment. Some employers accept related experience, but a relevant bachelor's degree significantly strengthens your H-1B petition.
Which companies sponsor loan processors for H-1B visas?
Major banks like Wells Fargo, Bank of America, and JPMorgan Chase regularly sponsor financial professionals. Mortgage companies including Quicken Loans and regional credit unions also sponsor loan processors, particularly for specialized underwriting or compliance roles.
What's the approval rate for loan processor H-1B petitions?
Approval rates vary significantly by role complexity and petition quality. Specialized underwriting positions with clear degree requirements typically see higher approval rates than general processing roles. USCIS scrutinizes whether the position truly requires specialized knowledge beyond basic administrative tasks.
How to find Loan Processor jobs with visa sponsorship?
To find Loan Processor jobs with visa sponsorship, use Migrate Mate, which specializes in connecting international candidates with sponsoring employers. Focus your search on banks, credit unions, mortgage companies, and financial services firms that commonly hire Loan Processors on H-1B, TN visa, or O-1 visas. These employers often sponsor qualified candidates with relevant banking or finance experience.
Can I get sponsored as a loan processor without mortgage experience?
Yes, if you have relevant financial analysis or banking experience. Employers often value transferable skills from credit analysis, financial planning, or banking operations. Strong analytical background and relevant education can compensate for lack of direct mortgage processing experience.
What is the prevailing wage requirement for sponsored Loan Processor jobs?
U.S. employers sponsoring a visa must pay at least the prevailing wage, which is what workers in the same role, area, and experience level typically earn. The Department of Labor sets this rate to make sure companies aren't hiring foreign workers simply because they'd accept lower pay than a U.S. worker. It varies by job title, location, and experience. You can look up current prevailing wage rates for any occupation and location using the OFLC Wage Search page.