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Loan Processor Jobs in Manchester, CT (NOW HIRING)

Total Mortgage Services LLC

Loan Processor

West Hartford, CT · On-site

$19 - $25.50/hr

Loan Processor Department: Processing Location: Hybrid/Remote - CT based Position reports to: VP, Sr. Mortgage Banker TMS Core Values: Do the Right Thing; Embrace and Drive Change Create and Maintain ...

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 ... Confirms loan application information with customer and vendors. * Prepares and transmits loan ...

Commercial Credit Group

Loan Processor

Hartford, CT · On-site

$19 - $25.50/hr

KEF has a Processor position available in the West Hartford office. This position has visibility ... Confirms loan application information with customer and vendors. * Prepares and transmits loan ...

Robert Half

Loan Processor - Support

Meriden, CT · On-site

$19 - $22/hr

Monitor loan files throughout the processing cycle and ensure deadlines are met. * Maintain accurate records and enter data into lending and internal systems. * Identify and address discrepancies ...

Northwest Community Bank

LOAN CLOSER

Canton, CT · On-site

Perform additional duties as assigned Skills Mortgage Closing & Documentation Regulatory Compliance TRID & Closing Disclosures Pipeline Management Loan Processing & Coordination Attention to Detail ...

Dunmor

Loan Originator

Hartford, CT · 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 ...

Webster Bank

Loan Production Manager

Waterbury, CT · Hybrid

Drive consistency and accountability across the credit and loan onboarding process by managing an origination pipeline of commercial credit requests through workflow stages from application through ...

Webster Bank

Loan Production Manager

Southington, CT · On-site

Drive consistency and accountability across the credit and loan onboarding process by managing an origination pipeline of commercial credit requests through workflow stages from application through ...

Webster Bank

Loan Production Manager

Southington, CT · Hybrid

Drive consistency and accountability across the credit and loan onboarding process by managing an origination pipeline of commercial credit requests through workflow stages from application through ...

Self Help

Mortgage Loan Officer

Manchester, CT · On-site

$63K - $95K/yr

Prepares, analyzes, processes and documents all required forms and related documents for real-estate loans. Approves or denies loan applications based on analysis of each applicants background.

Self Help

Mortgage Loan Officer

Manchester, CT · On-site

$63K - $95K/yr

Prepares, analyzes, processes and documents all required forms and related documents for real-estate loans. Approves or denies loan applications based on analysis of each applicants background.

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Loan Processor information

See Manchester, CT salary details

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How much do loan processor jobs pay per hour?

As of Jul 26, 2026, the average hourly pay for loan processor in Manchester, CT is $21.51, according to ZipRecruiter salary data. Most workers in this role earn between $18.22 and $24.28 per hour, depending on experience, location, and employer.

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

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.

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. Compensation can also include a base salary and bonuses, depending on the employer and location. Skills in underwriting and customer service are important in this role.

How much do loan processors make?

Loan processors in the United States typically earn an average annual salary of around $45,000 to $55,000, with variations based on experience, location, and employer. In some regions, salaries can range from $40,000 to $65,000, and additional certifications or skills in loan software can influence pay.

What qualifications do you need to be a loan processor?

A loan processor typically needs a high school diploma or equivalent, with some employers preferring post-secondary education or relevant certifications. Strong organizational skills, attention to detail, and familiarity with loan processing software are important, and previous experience in banking or finance can be beneficial.

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 are loan processors?

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.

What does a loan processor do?

A loan processor reviews and verifies loan applications, gathers necessary documentation, and ensures all information complies with lending guidelines. They coordinate with borrowers, underwriters, and lenders to facilitate the approval process and often use loan origination software. Attention to detail and knowledge of financial regulations are essential skills for this role.

Is it hard to become a loan processor?

Becoming a loan processor typically requires a high school diploma or equivalent, strong organizational skills, and attention to detail. Some employers prefer candidates with experience in banking or finance, and familiarity with loan processing software can be beneficial. The role often involves on-the-job training and may require passing a background check.
More about Loan Processor jobs
What are the most commonly searched types of Loan Processor jobs in Manchester, CT? The most popular types of Loan Processor jobs in Manchester, CT are:
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What job categories do people searching Loan Processor jobs in Manchester, CT look for? The top searched job categories for Loan Processor jobs in Manchester, CT are:
What cities near Manchester, CT are hiring for Loan Processor jobs? Cities near Manchester, CT with the most Loan Processor job openings:
Loan Processor jobs near you
Infographic showing various Loan Processor job openings in Manchester, CT as of July 2026, with employment types broken down into 1% As Needed, 85% Full Time, 9% Part Time, and 5% Contract. Highlights an 97% Physical, 1% Hybrid, and 2% Remote job distribution, with an average salary of $44,751 per year, or $21.5 per hour.
Loan Processor

Loan Processor

Total Mortgage Services LLC

West Hartford, CT • On-site

$19 - $25.50/hr

Full-time

Posted 4 days ago

Job description



Job Description

Job Title: Loan Processor

Department: Processing

Location: Hybrid/Remote - CT based

Position reports to: VP, Sr. Mortgage Banker

TMS Core Values:


Do the Right Thing; Embrace and Drive Change

Create and Maintain High Morale, Job Fulfillment and Enjoyment

Be Creative and Open-Minded

Pursue Growth and Learning in Self and Team

Build Open and Honest Relationships with Communication


General Purpose and Scope (Summary):

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 application in Encompass and update any inaccuracies based on borrower documentation, credit report, fraud report, etc.

  • Complete an income calculation for all borrowers and prepare the file for underwriting.
  • Make a welcome/ introduction phone call to discuss the upcoming loan process and request any items that may be needed for initial submission to underwriting.
  • Order all necessary verifications on each loan file including title report, fraud, written or verbal verification of employment, tax transcripts
  • Work with borrower(s) to obtain conditions requested by the underwriter. Break conditions down in layman’s terms.
  • Manage pipeline to ensure critical dates are met including contingency, contract closing, and lock expiration.
  • Monitor important expiration dates on loans in pipeline – including credit report, appraisal, income & asset documents, rate lock.
  • Provide support to sales team.
  • Communicate effectively with internal departments and external partners/customers.


Responsibilities:

• Strong customer service, communication, organization and problem resolution skills

  • Must be able to meet established minimum daily expectations
  • Maintains effective communication to ensure the highest quality of customer service

Pay: Salary + bonus eligible

Personal Traits / Competencies:

  • Exceptional interpersonal and communication skills
  • Provide world-class customer service
  • Must be able to multi-task
  • Strong attention to detail
  • Team player and works well independently
  • Ability to listen and make decisions quickly

Technical / Computer Skills:

  • Familiarity with Encompass
  • Proficient Microsoft Word, Excel, Outlook
  • Experience in state bond programs a plus

Education and Experience:

  • High school diploma or equivalent
  • A minimum of 2-years experience in mortgages
  • Knowledge of mortgage processing preferred, not required
  • Familiarity with all types of mortgage products and state/federal regulatory guidelines.

Hours for position:

M-F 9am-5pm

This position may require frequent additional hours, at times on a daily basis; must be available to work additional hours on short notice as determined by management to meet customer service and investor requirements

Conclusion

This job description is intended to convey information essential to understanding the scope of the job and the general nature and level of work performed by job holders within this job. But, this job description is not intended to be an exhaustive list of qualifications, skills, efforts, duties, responsibilities or working conditions associated with the position.