Yes, it definitely is possible.
You have a routing issue in which the output from channel 1 is being fed into the input of channel 2 (I have no idea what your channel names/numbers are so I'm assuming 1 = looped audio and 2 = channel to record).
What hardware are you using? I can help you pinpoint the routing issue, but I need to have a clear picture of your setup looks like. I suspect the issue lies within your interface.
Hi. Sorry it took me a few days to get back on here. Thanks for the response.
I am on a MAC with a KONA Lhi card. Basically Channel 1&2 on my board are going into the outs on the Lhi breakout box and the Main Out of the board is going to the in on the Breakout box.
What you said is exactly how I have it in Audition. On channel 1 is the audio I want to loop and I want to record on channel 2.
I hit the loop in the controls and have the record on channel 2 selected. When I hit record on the controls what it does is it plays track 1 and records on track 2. It doesn't loop channel 1. The playhead just keeps moving as the audio records to channel 2.
I don't know if there is a specific thing I need to do in Audition as I haven't done it in a few years. if I absolutely had to I could just export the audio files I wanted to loop and play them on Itunes then reopen Audition to record because I have the MAC system audio in another channel bus on my board.
Thanks for the help.