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Loan Assistant Jobs in Springfield, MA (NOW HIRING)

Self Help

Mortgage Loan Officer

Manchester, CT · On-site

$63K - $95K/yr

Meet with loan applicants to discuss viable mortgage options, counsel on credit and budget, develop roadmap and process for mortgage approval and assist with the loan application process. Achieve ...

Self Help

Mortgage Loan Officer

Manchester, CT

$63K - $95K/yr

Meet with loan applicants to discuss viable mortgage options, counsel on credit and budget, develop roadmap and process for mortgage approval and assist with the loan application process. Achieve ...

Commercial Credit Group

Loan Processor

West Hartford, CT · On-site

$19 - $25.50/hr

Confirms loan application information with customer and vendors. * Prepares and transmits loan ... Willingness to assist other team members when required. * Previous experience with motor vehicle ...

Commercial Credit Group

Loan Processor

West Hartford, CT · On-site

$19 - $25.50/hr

Confirms loan application information with customer and vendors. * Prepares and transmits loan ... Willingness to assist other team members when required. * Previous experience with motor vehicle ...

Robert Half

Commercial Loan Underwriter

Hartford, CT · On-site

$75K - $85K/yr

Work collaboratively with Loan Officers to identify strengths, weaknesses, and mitigating factors within loan requests. * Assist with annual loan reviews, portfolio monitoring, risk rating updates ...

Dunmor

Loan Originator

Hartford, CT · On-site +1

Our suite of products includes bridge loans, value-add loans, new construction loans, and permanent portfolio loans, offering diverse solutions to borrowers nationwide. As a FinTech commercial lender ...

Total Mortgage Services

Loan Processor

West Hartford, CT · On-site

$19 - $25.50/hr

Loan Processor This position is responsible for processing first mortgages within the required timeframe. This is a hybrid role, candidate must be based in CT! Functions: * Review the loan ...

Farm Credit East

Loan Officer

Enfield, CT · Hybrid

$63K - $85K/yr

The Loan Officer is a customer focused role serving in a relationship management capacity to represent the Association with both existing and prospective borrowers. This person delivers a ...

Farm Credit East

Loan Officer

Enfield, CT · Hybrid

$63K - $85K/yr

The Loan Officer is a customer focused role serving in a relationship management capacity to represent the Association with both existing and prospective borrowers. This person delivers a ...

Farm Credit East

Loan Officer

Enfield, CT · On-site

$63K - $85K/yr

The Loan Officer is a customer focused role serving in a relationship management capacity to represent the Association with both existing and prospective borrowers. This person delivers a ...

PeoplesBank

Loan Processing Representative

Holyoke, MA · On-site

$18.50 - $24.50/hr

Loan Processing Representative The Loan Processing Representative plays a critical role in supporting the Bank's lending operations by onboarding new loan applications received through various ...

PeoplesBank

Loan Processing Representative

Holyoke, MA · On-site

$52K - $62K/yr

The Loan Processing Representative plays a critical role in supporting the Bank's lending operations by onboarding new loan applications received through various channels and ensuring a seamless ...

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All JobsLoan JobsLoan Assistant JobsLoan Assistant Jobs in Springfield, MA

Loan Assistant information

See Springfield, MA salary details

$28.9K

$41.5K

$54.3K

How much do loan assistant jobs pay per year?

As of Aug 10, 2026, the average yearly pay for loan assistant in Springfield, MA is $41,535.00, according to ZipRecruiter salary data. Most workers in this role earn between $37,400.00 and $46,300.00 per year, depending on experience, location, and employer.

What is the difference between Loan Assistant vs Loan Processor?

AspectLoan AssistantLoan Processor
ResponsibilitiesSupports loan officers, handles administrative tasks, prepares documentsReviews applications, verifies information, approves or denies loans
Required SkillsCustomer service, organization, basic financial knowledgeAttention to detail, analytical skills, knowledge of lending regulations
Work EnvironmentBank or mortgage office, administrative settingLoan department, financial institution, processing center
CertificationsOften no formal certification requiredRelevant financial or lending certifications beneficial

While both roles support the loan process, a Loan Assistant primarily handles administrative tasks and customer support, whereas a Loan Processor actively reviews and verifies loan applications for approval. Understanding these differences helps in choosing the right career path or job search focus within the lending industry.

What is a loan assistant?

Your primary responsibilities as a loan assistant are to manage and update loan applications at a bank or similar lending institution. You process all loan applications, usually with the assistance of specialized software. Your duties include checking all relevant documents, assessing the applicant’s credit, and determining the appropriate loan for the borrower. Essential qualifications include a keen grasp of financial practices, strong communication skills, and customer service experience. To pursue a career as a loan assistant or loan officer, you need a bachelor’s degree in business, economics, or finance.

How does a loan assistant typically collaborate with loan officers and other team members during the loan process?

Loan Assistants work closely with loan officers by preparing documents, gathering client information, and ensuring all paperwork is completed accurately and on time. They frequently communicate with underwriters, appraisers, and clients to resolve issues and keep the process moving smoothly. This collaboration requires strong organizational skills and attention to detail, as well as the ability to multitask and prioritize in a fast-paced environment. Building good working relationships with both internal team members and external partners is key to being successful in this role.

Is loan processing a hard job?

Loan processing is a detail-oriented role that involves reviewing applications, verifying information, and ensuring compliance with lending policies. It requires strong organizational skills, attention to accuracy, and familiarity with loan software, but the difficulty level varies depending on experience and workload.

What are the key skills and qualifications needed to thrive as a loan assistant, and why are they important?

To thrive as a Loan Assistant, you need a solid understanding of financial principles, strong attention to detail, and typically an associate’s degree in finance or a related field. Familiarity with loan processing software, document management systems, and Microsoft Office Suite is commonly required. Excellent organization, customer service orientation, and clear communication skills help you stand out in this role. These abilities are crucial for ensuring accurate loan processing, efficient workflow, and positive client experiences in a fast-paced lending environment.
More about Loan Assistant jobs
What are the most commonly searched types of Loan jobs in Springfield, MA? The most popular types of Loan jobs in Springfield, MA are:
What cities near Springfield, MA are hiring for Loan Assistant jobs? Cities near Springfield, MA with the most Loan Assistant job openings:
Loan Assistant jobs near you
Infographic showing various Loan Assistant job openings in Springfield, MA as of August 2026, with employment types broken down into 1% As Needed, 73% Full Time, 23% Part Time, 1% Temporary, and 2% Contract. Highlights an 98% Physical, 1% Hybrid, and 1% Remote job distribution, with an average salary of $41,535 per year, or $20 per hour.

Commercial Loan Assistant

Westfield Bank

Springfield, MA • On-site

Other

Posted 12 days ago

Job description

Position: Commercial Loan Assistant

Department: Loan Administration 

Job Status: Full-Time

FLSA Status: Non-Exempt

Grade: 9

Reports to: Commercial Loan Assistant Manager

Amount of Travel Required: No Travel Required

Positions Supervised: N/A

POSITION SUMMARY

Provides administrative and clerical assistance for Commercial Loan Officers in the development of commercial relationships.

ESSENTIAL FUNCTIONS

  • Prepares a variety of documents; new business loans, modifications, file comments, etc.
  • Prepares new commitment letters from Board approvals or loan proposals.
  • Reviews loan documents prepared in-house and by outside counsel and prepares loans for funding and booking.
  • Completes the compliance/doc checklist for each new transaction. Follows all policies and procedures related to compliance for loan closings and on-going account maintenance.
  • Contact Attorneys on missing documents or document corrections.
  • Obtains flood determinations and follows all policies and procedures related to properties located in a flood zone.
  • Sends flood policies to Loan Servicing for review and approval in advance of loan closing.
  • File new UCC filings, and track UCC continuations and amendments. Reviews UCC's filed by Attorneys to assure filing and enter into iLien for tracking.
  • Assist Loan Officers with customer account problems and requests; forwards to appropriate department when necessary.
  • Completes a variety of tasks for Commercial Loan Officers and Relationship Managers.
  • Other reports and projects as necessary.
  • Must complete BSA, AML, and other Regulatory and Continuing Education as assigned.
  • Must adhere to all bank and regulatory policies and procedures specific to position. Assumes additional responsibilities as requested.   

POSITION QUALIFICATIONS

  • Attention to Detail
  • Organizational Relations
  • Organizational Skills
  • Problem Solving
  • Productivity & Time Management

EDUCATION/EXPERIENCE/SKILLS & ABILITIES

  • High School Diploma or GED required.
  • At least 3 years of relevant work experience required, bank loan servicing experience desired.
  • Working knowledge of Microsoft office, Word and Excel required. Knowledge of various programs related to job function.

PHYSICAL DEMANDS

Physical Demands            

Stand: O (Occasionally)

Walk: O (Occasionally)

Sit: C (Constantly)

Handling / Fingering: N (Not Applicable)

Reach Outward: N (Not Applicable)

Reach Above Shoulder: N (Not Applicable)

Climb: N (Not Applicable)

Crawl: N (Not Applicable)

Squat or Kneel: N (Not Applicable)

Bend:N (Not Applicable)

Lift/Carry

10 lbs or less: N (Not Applicable)

11-20 lbs: N (Not Applicable)

21-50 lbs: N (Not Applicable)

51-100 lbs: N (Not Applicable)

Over 100 lbs: N (Not Applicable)

Push/Pull

12 lbs or less: N (Not Applicable)

13-25 lbs: N (Not Applicable)

26-40 lbs: N (Not Applicable)

41-100 lbs: N (Not Applicable)

N   (Not Applicable)        Activity is not applicable to this occupation.

O  (Occasionally)             Occupation requires this activity up to 33% of the time (0-2.5+ hrs/day)

F  (Frequently)                  Occupation requires this activity from 33%-66% of the time (2.5-5.5+ hrs/day)

C  (Constantly)                  Occupation requires this activity more than 66% of the time (5.5+ hrs/day)

Other Physical Requirements

None

Westfield Bank has reviewed this job description to ensure that essential functions and basic duties have been included.   It is not intended to be construed as an exhaustive list of all functions, responsibilities, skills and abilities.  Additional functions and requirements may be assigned by supervisors as deemed appropriate.

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