Entry-level loan processors will assist more senior loan processors and will often be assigned more mundane tasks. Tasks assigned may include cross-checking documents, checking credit histories, and whatever other paperwork their seniors may need them to do.
You will be given a lot of on-the-job training so a bachelor’s degree in a related field or extensive history in the industry is not always required. You will however be required to at least have some knowledge of loan processing, and any experience in fields like banking or finance would be highly beneficial to your application.