Loan Processor Jobs in Connecticut

A Loan Processor in the banking industry serves as an intermediary between the potential borrower and the lending institution. They are responsible for reviewing loan applications, conducting credit research, coordinating with underwriters, and ensuring that the loans are processed in a timely manner. They assess the ability of the applicant to repay the loan, verify the information provided, and prepare documents for closing. The Loan Processor plays a key role in ensuring the smooth running of the loan approval process, that conforms with bank regulations and guidelines.

Important skills for a Loan Processor include excellent communication, attention to detail, quality customer service, and problem-solving abilities. They should be proficient in using loan processing software and have a strong understanding of banking and financial principles. Some of the certifications that could be beneficial are Certified Mortgage Loan Processor (NAMP-CMLP) and FHA Direct Endorsement (DE) Underwriting certification. Prior to becoming a Loan Processor, an individual might have roles such as Loan Officer Assistant, Credit Analyst, or Customer Service Representative in a banking or financial institution.

1-11 of 11 Jobs

Assoc Residential & Consumer Loan Processor

  • Southington, CT
  • 1 day ago
  • Southington, CT
  • 1 day ago

If you're looking for a meaningful career, you'll find it here at Webster. Founded in 1935, our focus has always been to put people first--doing whatever we can to help individuals, families,...

Mortgage Loan Processor II

  • Hartford, CT
  • 5 days ago
  • Hartford, CT
  • 5 days ago

*Required Qualifications** * Minimum 2 years of mortgage loan processing experience required. * Minimum 2 years of experience of state and federal lending regulations (e.g....

Commercial Loan Documentation Specialist

  • Danbury, CT
  • 9 days ago
  • Danbury, CT
  • 9 days ago

Responsibilities include: Loan Documentation; experienced in documenting simple and complex commercial loan transactions. Knowledge of industry standard loan processing parameters....

Commercial Loan Documentation Specialist

  • Glastonbury, CT
  • 9 days ago
  • Glastonbury, CT
  • 9 days ago

Responsibilities include: Loan Documentation; experienced in documenting simple and complex commercial loan transactions. Knowledge of industry standard loan processing parameters....

Remote Sr, Loan Processor, Wholesale,

  • Windsor, CT
  • 13 days ago
  • Windsor, CT
  • 13 days ago

Three or more years Loan Processing work experience required. Encompass/Empower experience preferred....

Remote Work

Remote Sr, Loan Processor, Wholesale,

  • Greenwich, CT
  • 13 days ago
  • Greenwich, CT
  • 13 days ago

** Responsible for providing quality loan processing, reviewing files for adherence to underwriting standards and ensuring completeness of submission....

Remote Work

SBA Loan Processor

  • Stamford, CT
  • 14 days ago
  • Stamford, CT
  • 14 days ago

A Community Bank is in need of a SBA Loan Processor/Assistant that will work with 7a loan requests....

SBA Loan Processor

  • New Haven, CT
  • 14 days ago
  • New Haven, CT
  • 14 days ago

A Community Bank is in need of a SBA Loan Processor/Assistant that will work with 7a loan requests....

Loan Documentation Specialist

  • Middletown, CT
  • 22 days ago
  • Middletown, CT
  • 22 days ago

Functional knowledge of Laser Pro or similar loan documentation software. Proficiency in Laser Pro (preferred) Prior experience in SBA lending. Paralegal certification preferred....

Senior Associate, Loan Accounting Operations

  • Windsor, CT
  • 30+ days ago
  • Windsor, CT
  • 30+ days ago

As a leading financial services and healthcare technology company based on revenue, SS&C is headquartered in Windsor, Connecticut, and has 27,000+ employees in 35 countries. Some 20,000 financial...

Commercial Loan Associate

  • Windsor, CT
  • 30+ days ago
  • Windsor, CT
  • 30+ days ago

REQUIRED EDUCATION / EXPERIENCE / SKILLS: Bachelor s degree in business or a related field or a high school diploma or equivalent with two to four years of experience in a commercial loan processing...

Demographic Data for Connecticut

Moving to Connecticut? Find some basic demographic data about Connecticut below.


Local
National
3,605,944
87,557

Loan Processor Online Courses and Training Opportunities

iHireBanking curates thousands of courses in order to recommend the best ones to help further your career. If you register for a course using the links on our site, we may receive a small commission.
Loan Processing
Processing a loan can be a complex endeavor. The most common loans offered by mortgage lenders include conventional conforming, conventional nonconforming, FHA, VA, and subprime loans. For most...
Loan Processing: Verification
The second step of loan processing is verification. After the loan application is completed, it's turned over to the loan processor. They obtain the necessary information from the applicant and...
Loan Processing: Compliance
Within three business days after completing and verifying the application, the lender needs to provide the applicant with a loan estimate of the anticipated closing costs. This estimate shows the...

Salary for Loan Processor Jobs in Connecticut

Estimated salary range based on data from US Bureau of Labor Statistics (BLS) and iHireBanking research efforts.

Highest Education Level

Loan Processors in Connecticut offer the following education background
Bachelor's Degree
35.6%
High School or GED
23.0%
Associate's Degree
14.8%
Vocational Degree or Certification
11.8%
Master's Degree
11.0%
Some College
2.4%
Doctorate Degree
0.9%
Some High School
0.5%

Average Work Experience
Here's a breakdown of the number of years' experience offered by Loan Processors in Connecticut
2-4 years
30.6%
Less than 1 year
23.9%
6-8 years
13.6%
None
12.9%
4-6 years
12.3%
1-2 years
6.7%



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