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Loan Processor Jobs in Boston, MA (NOW HIRING)

Align Credit Union

Mortgage Processor-Hybrid

Lowell, MA · On-site

$22 - $28/hr

To receive and process all mortgage applications for underwriting approval while maintaining ... Reviews loan applications for qualifications consistent with appropriate Align policy, procedures ...

SFB

Loan Officer

Salem, MA · On-site

... loan process. • Utilizes Salem Five training materials, reference tools and other resources to provide accurate and up-to-date loan program/policy information to both external customers and ...

Salem Five Bank

Loan Officer

Salem, MA

... loan process. • Utilizes Salem Five training materials, reference tools and other resources to provide accurate and up-to-date loan program/policy information to both external customers and ...

Salem Five Bank

Sr Loan Officer

Salem, MA

... loan process. • Utilizes Salem Five training materials, reference tools and other resources to provide accurate and up-to-date loan program/policy information to both external customers and ...

SFB

Sr Loan Officer

Salem, MA · On-site

... loan process. • Utilizes Salem Five training materials, reference tools and other resources to provide accurate and up-to-date loan program/policy information to both external customers and ...

Dunmor

Loan Originator

Boston, MA · On-site +1

Partner with internal teams such as Processing, Underwriting, and Valuations to ensure smooth and timely loan processing. * Act as a liaison between clients and operations to overcome challenges and ...

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All JobsLoan Processor JobsLoan Processor Jobs in Boston, MA

Loan Processor information

See Boston, MA salary details

$14

$23

$33

How much do loan processor jobs pay per hour?

As of Aug 7, 2026, the average hourly pay for loan processor in Boston, MA is $23.14, according to ZipRecruiter salary data. Most workers in this role earn between $19.57 and $26.11 per hour, depending on experience, location, and employer.

What are the key skills and qualifications needed to thrive as a loan processor?

To thrive as a Loan Processor, you need a solid understanding of loan origination, financial documentation review, and regulatory compliance, often supported by experience in banking or finance. Familiarity with loan processing software like Encompass, Calyx Point, and knowledge of relevant regulations such as RESPA and TILA are typically required. Attention to detail, strong organizational skills, and effective communication make someone stand out in this position. These skills and qualities are crucial to ensure accurate, timely loan approvals and maintain compliance, ultimately supporting customer satisfaction and organizational success.

Can I work remotely as a loan processor?

Loan processors can often work remotely, especially with the increased use of digital document management and communication tools. Many companies offer remote or hybrid schedules, but some roles may require in-office presence for document verification or meetings. Availability depends on the employer's policies and the specific job requirements.

What are some common challenges faced by loan processors, and how can they be managed effectively?

Loan Processors often encounter challenges such as tight deadlines, managing large volumes of documentation, and coordinating with multiple parties like underwriters, loan officers, and clients. Staying organized and maintaining clear communication are key to handling these pressures. Many successful Loan Processors use checklists and digital tools to track document status and follow up regularly with all stakeholders, which helps ensure loans are processed efficiently and accurately.

What does a loan processor do?

A loan processor reviews loan applications before sending them to the underwriter for approval. As a loan processor, your responsibilities and duties include organizing required documents and verifying the accuracy and completeness of the loan application. You work as the intermediary between the loan officer and the underwriter, so you will not usually have direct contact with the customer. A good loan processor has excellent data and organizational skills, which are needed to succeed in this career.

What is a loan processor?

Loan processors are financial professionals who review, verify, and organize loan applications before they are approved by underwriters. They collect necessary documentation from applicants, ensure all information is accurate, and communicate with borrowers and lenders throughout the process. Their primary goal is to make sure the loan file is complete and complies with lending regulations, helping to facilitate a smooth and timely loan approval.

What is the difference between Loan Processor vs Loan Underwriter?

AspectLoan ProcessorLoan Underwriter
Primary RolePrepares and reviews loan documents, gathers borrower informationAssesses loan risk and approves or declines loan applications
Required CredentialsHigh school diploma, some certifications preferredTypically requires mortgage or financial certifications
Work EnvironmentOffice setting, working closely with loan officers and applicantsOffice environment, analyzing financial data and risk
Industry UsageCommon in mortgage and banking sectorsIntegral to mortgage lending and financial institutions

While both roles are essential in the loan process, a Loan Processor focuses on preparing and verifying documents, whereas a Loan Underwriter evaluates the risk and makes approval decisions. Understanding these differences helps in choosing the right career path or job focus within the lending industry.

More about Loan Processor jobs
What are the most commonly searched types of Loan Processor jobs in Boston, MA? The most popular types of Loan Processor jobs in Boston, MA are:
What are popular job titles related to Loan Processor jobs in Boston, MA? For Loan Processor jobs in Boston, MA, the most frequently searched job titles are:
What job categories do people searching Loan Processor jobs in Boston, MA look for? The top searched job categories for Loan Processor jobs in Boston, MA are:
What cities near Boston, MA are hiring for Loan Processor jobs? Cities near Boston, MA with the most Loan Processor job openings:
Loan Processor jobs near you
Infographic showing various Loan Processor job openings in Boston, MA as of August 2026, with employment types broken down into 1% As Needed, 79% Full Time, 15% Part Time, and 5% Contract. Highlights an 95% Physical, 2% Hybrid, and 3% Remote job distribution, with an average salary of $48,134 per year, or $23.1 per hour.

Mortgage Processor-Hybrid

Align Credit Union

Lowell, MA • On-site

$22 - $28/hr

Full-time

Re-posted 9 hours ago

Job description

Role:

To receive and process all mortgage applications for underwriting approval while maintaining accuracy and efficiency, as well as knowledge of secondary guidelines, at all times.

Essential Functions & Responsibilities:

Reviews file documentation for completeness and consistency with original information, as indicated on initial loan application. Assembles, collates and maintains documentation in proper processing order.

Reviews loan applications for qualifications consistent with appropriate Align policy, procedures and guidelines. Recommend approvals or rejections for loan applications and/or requests additional information.

Reviews loan applications for qualifications consistent with appropriate Align policy, procedures and guidelines. Recommend approvals or rejections for loan applications and/or requests additional information.

Communicate loan processing information to Home Financing Consultants, Underwriters and Closers.

Validates loans using Desktop Underwriting (DU), requests documentation as DU dictates; verifies and validates input data.

Prepares loans for final underwriting approval and satisfies underwriting conditions in a timely manner. Secures supervisor or managers approval if required. Maintains a weekly status report on all files.

Answers members' questions and obtain information and signatures on authorization forms. Performs follow up on pending loan applications such as call members or other persons to obtain needed information, resolve discrepancies, update member on all application process and timing etc.

This is a hybrid position and requires work to be performed on-site in Lowell, MA one to two days per week.

At Align Credit Union, we believe in pay transparency and are committed to providing our employees and candidates with access to information about our compensation practices. The expected base pay rate offered for this role is $22.00 - $28.00 per hour. Compensation may vary based on relevant experience, skills, competencies, and certifications.


Monday-Friday 8:00AM-4:30PM
40 hours per week