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Loan Processing Assistant Jobs in Springfield, MA

Commercial Credit Group

Loan Processor

West Hartford, CT

$19 - $25.50/hr

KEF has a Processor position available in the West Hartford office. This position has visibility ... Willingness to assist other team members when required. * Previous experience with motor vehicle ...

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 · 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 ...

Uiba

Mortgage Loan Officer

Hartford, CT · On-site

Work with the team to assist underwriting approval. Maintain contact with customers and follow ... Maintain contact with customers and follow through on mortgage applications in process. Work with ...

Uiba

Mortgage Loan Officer

Hartford, CT · On-site

... assist underwriting approval. • Maintain contact with customers and follow through on mortgage ... process. Work with customers and the team to gather information necessary to ensure the customer ...

RCN Capital LLC

Loan Servicing Intern

South Windsor, CT · On-site

$16.50 - $21.50/hr

... processes. Responsibilities: Loan Administration & Data Management • Assist with the review, organization, and maintenance of loan files and electronic records. • Update internal systems with ...

TicketNetwork

Loan Servicing Intern

South Windsor, CT · On-site

$16.50 - $21.50/hr

... processes. Responsibilities: Loan Administration & Data Management • Assist with the review, organization, and maintenance of loan files and electronic records. • Update internal systems with ...

FAVARH

Lead Recordkeeper

Hartford, CT · On-site

$55K - $69K/yr

Review general orders submitted for processing. * Assist with IBM calls and support potential ... Process transactions related to plan valuation activities, including contributions, loans ...

Country Bank for Savings

Assistant Manager

Charlton, MA · On-site

$50K - $63K/yr

The Assistant Manager works in conjunction with the Retail Banking Officer to ensure that the ... Processes financial transactions for customers including deposits, withdrawals, loan payments ...

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All JobsLoan Processing JobsLoan Processing Assistant JobsLoan Processing Assistant Jobs in Springfield, MA

Loan Processing Assistant information

See Springfield, MA salary details

$13

$19

$29

How much do loan processing assistant jobs pay per hour?

As of Jul 27, 2026, the average hourly pay for loan processing assistant in Springfield, MA is $19.24, according to ZipRecruiter salary data. Most workers in this role earn between $16.78 and $20.38 per hour, depending on experience, location, and employer.

What does a Loan Processing Assistant do?

A Loan Processing Assistant supports loan officers and processors by handling administrative tasks throughout the loan application process. Their responsibilities typically include collecting and verifying borrower documents, entering data into loan management systems, and communicating with clients to ensure all required paperwork is complete. They help maintain accurate records, coordinate with various departments, and ensure that loan files meet compliance standards. Their work is essential for streamlining the loan approval process and enhancing customer experience.

What is the difference between Loan Processing Assistant vs Loan Underwriter?

AspectLoan Processing AssistantLoan Underwriter
CredentialsHigh school diploma or equivalent; some roles may prefer associate's degreeBachelor's degree in finance, economics, or related field; certifications like CU or Fannie Mae
Work EnvironmentOffice setting, supporting loan processing teamsOffice environment, analyzing loan applications for approval
Employer & Industry UsageMortgage lenders, banks, credit unionsMortgage lenders, banks, financial institutions
Common Search & ComparisonOften compared for entry-level roles in loan processingCompared for roles involving loan approval decisions

The main difference is that a Loan Processing Assistant supports the loan processing workflow by gathering documents and preparing files, while a Loan Underwriter evaluates the risk and makes approval decisions on loan applications. Both roles are essential in the mortgage industry but focus on different stages of the loan process.

What are the key skills and qualifications needed to thrive as a Loan Processing Assistant, and why are they important?

To thrive as a Loan Processing Assistant, you need attention to detail, basic knowledge of loan documentation, and a high school diploma or equivalent. Familiarity with loan origination software, document management systems, and sometimes basic Excel skills is typically required. Strong organizational skills, clear communication, and the ability to multitask help you stand out in this position. These skills are crucial for ensuring accurate and efficient loan processing, minimizing errors, and providing a seamless customer experience.

What is the role of a loan assistant?

A loan processing assistant supports the loan department by gathering and verifying borrower information, preparing loan documents, and ensuring compliance with lending policies. They often use loan origination software and need strong organizational skills to manage multiple applications efficiently.

What are some common challenges a Loan Processing Assistant might face, and how can they be addressed?

Loan Processing Assistants often encounter challenges such as managing tight deadlines, handling a high volume of applications, and ensuring accuracy in documentation. Staying organized and prioritizing tasks are essential to ensuring that loan files are processed efficiently and without errors. Regular communication with loan officers, underwriters, and clients also helps prevent misunderstandings and delays. Utilizing checklists and digital tools can streamline the workflow and reduce the risk of missing important details.

How much does a lending assistant make?

A loan processing assistant typically earns between $35,000 and $50,000 annually, depending on experience, location, and employer size. Entry-level positions may start lower, while experienced assistants with specialized skills can earn higher salaries. The role often requires familiarity with loan software and strong attention to detail.

How much does a loan officer make on a $500,000 loan?

A loan officer typically earns a commission or fee based on the loan amount, often around 1% to 2%, which would be $5,000 to $10,000 for a $500,000 loan. The exact earnings depend on the lender's compensation structure, the loan type, and the officer's experience and performance.

What do you need to be a loan assistant?

To be a loan processing assistant, candidates typically need a high school diploma or equivalent, strong organizational and communication skills, and familiarity with loan processing software or office tools. Some positions may require previous experience in banking or finance, and attention to detail is essential for verifying documents and data accuracy.
What are the most commonly searched types of Loan Processing jobs in Springfield, MA? The most popular types of Loan Processing jobs in Springfield, MA are:
What are popular job titles related to Loan Processing Assistant jobs in Springfield, MA? For Loan Processing Assistant jobs in Springfield, MA, the most frequently searched job titles are:
What job categories do people searching Loan Processing Assistant jobs in Springfield, MA look for? The top searched job categories for Loan Processing Assistant jobs in Springfield, MA are:
What cities near Springfield, MA are hiring for Loan Processing Assistant jobs? Cities near Springfield, MA with the most Loan Processing Assistant job openings:
Loan Processing Assistant jobs near you
Loan Processor

Loan Processor

Commercial Credit Group

West Hartford, CT

$19 - $25.50/hr

Other

Medical, Dental, Vision, Retirement, PTO

Posted 29 days ago

Job description

Keystone Equipment Finance Corp. (Keystone) is a privately held independent, commercial equipment finance company in North America. We finance equipment in the transportation, construction, arbor and waste industries, as well as some heavy equipment. Our sales force is located throughout North America and sources new business through end-users, equipment vendors and manufacturers. Keystone is headquartered in West Hartford, CT.

Keystones success is built on relationships, equipment knowledge and a foundation of excellent customer service. Our unique brand of equipment finance has produced excellent financial performance through all cycles since our founding.

KEF has a Processor position available in the West Hartford office. This position has visibility and interaction with senior management and offers career advancement.

Essential Job Duties:

  • Gathers required information from finance representatives, customers and third parties to generate loan contracts.
  • Confirms loan application information with customer and vendors.
  • Prepares and transmits loan documents to customers.
  • Identifies and seeks missing information necessary to complete contracts.
  • Maintains customer confidence by updating them on their loan status.
  • Communicates loan terms to customer and answers questions.
  • Assembles final loan package for review and funding.
  • Prepares documents for proper motor vehicle registration and titling.
  • Other assigned duties that may arise at managements discretion.

Job Requirements:

  • High school graduate
  • Familiarity with Microsoft Office Suite.
  • Bi-lingual in English and Spanish a plus.
  • Strong communication and analytical skills.
  • Willingness to assist other team members when required.
  • Previous experience with motor vehicle titling and registration helpful.
  • Ability to multitask.

We offer a competitive base salary, commission, and bonus, as well as medical, dental and vision insurance, 401(k), paid holidays and paid time off. For immediate consideration, please visit our website and submit your resume: https://www.keystoneefc.com/careers

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