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Loan Processor Jobs in Manchester, CT (NOW HIRING)

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

$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.

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 ...

Farm Credit East

Loan Officer

Enfield, CT · Hybrid

$63K - $85K/yr

Embraces the transformation of the Association through adoption and utilization of new processes ... loan payments may qualify for an employer match in your 401(k) up to 6% of salary * Defined ...

Farm Credit East

Loan Officer

Enfield, CT · On-site

$63K - $85K/yr

Embraces the transformation of the Association through adoption and utilization of new processes ... loan payments may qualify for an employer match in your 401(k) up to 6% of salary * Defined ...

Farm Credit East

Loan Officer

Enfield, CT · Hybrid

$63K - $85K/yr

Embraces the transformation of the Association through adoption and utilization of new processes ... loan payments may qualify for an employer match in your 401(k) up to 6% of salary * Defined ...

Caliver Beach Mortgage, LLC

Loan Officer

Waterbury, CT · On-site

Description: • Run your business remotely on a P&L basis under the umbrella of Caliver Beach Mortgage! • Uncapped commissions! • Loan products for all borrower types! • Add additional LO's to ...

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All JobsLoan Processor JobsLoan Processor Jobs in Manchester, CT

Loan Processor information

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How much do loan processor jobs pay per hour?

As of Sep 7, 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 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 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 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.

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 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.

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 specific arrangements depend on employer policies and the need for secure handling of sensitive financial information.

How much do entry level loan processors make?

Entry-level loan processors typically earn between $35,000 and $45,000 annually, depending on location and employer. Starting salaries may increase with relevant skills, certifications, and experience in loan processing software and financial regulations.
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Loan Processor jobs near you
Infographic showing various Loan Processor job openings in Manchester, CT as of August 2026, with employment types broken down into 1% As Needed, 81% Full Time, 13% Part Time, and 5% Contract. Highlights an 95% Physical, 2% Hybrid, and 3% Remote job distribution, with an average salary of $44,751 per year, or $21.5 per hour.

Mortgage Loan Officer

Self Help

Manchester, CT • On-site

$63K - $95K/yr

Full-time

Re-posted 12 days ago

Key responsibilities

  • Meet with loan applicants to discuss mortgage options, counsel on credit and budget, and assist with the loan application process.

  • Prequalify loan applicants by examining borrower information, assessing credit-worthiness, and determining maximum loan amount, then approve or deny applications accordingly.

  • Prepare mortgage loan documentation for underwriting and closing, ensuring accuracy and compliance with regulations.

Job description

Job Description:
WHO We Are:
Self-Help started in 1980 with a focus on economic inequality especially in communities that have faced systemic barriers to building wealth. At the core of what Self-Help does is a drive to create and protect ownership and economic opportunity. In other words, we're committed to economic justice! Economic Justice means that all communities have the basic infrastructure they need to thrive, from high-quality schools to grocery stores selling fresh food resources that support opportunity at a neighborhood level regardless of demographics, income, or wealth. Since our founding, we've constantly sought new ways to pursue greater economic justice: from providing fair and affordable loans to working with partners to demand that lawmakers change unjust policies.
We are looking for a Mortgage Loan Officer to join our Manchester, CT team!
Position Summary:
Provide information on credit union products and services to potential borrowers according to all credit union policies and procedures as well as Federal and State rules and regulations. Interviews all applicants for real estate loans. 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. Responsible for promoting credit union products and services to ensure meeting productivity goals.
What you'll do:
LOAN MANAGEMENT/BORROWER ADVISEMENT
  • 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 productivity goal as set forth by manager.
  • Prequalify loan applicants by examining all borrower information and documentation, assessing credit-worthiness, adequacy of income, credit and collateral and calculating repayment risk. Determines the maximum purchase price/loan amount based on borrower data. Approve or deny real-estate loan applications that do not meet pre-qualification standards, and explain reasons for denial.

  • Gather and review necessary data to complete the loan review process including credit bureau reports; verifying debts and estimating monthly payments for any outstanding debts not listed on application and ensuring they are added to application.

  • Comply with all federal and state mortgage regulations and disclosure requirements.

  • Prepare mortgage loan application and documentation for underwriting and closing. Ensure that each real-estate loan is processed accurately, troubleshoot any issues that may arise during the processing period, and maintaincommunication with borrower throughout processing period, as needed.

BUSINESS DEVELOPMENT
  • Develop mortgage loan business through continual identification, development and maintenance of a quality network of business relationships that serves as a recurring source of referrals for new mortgage lending opportunities. This network may consist of Real Estate professionals, builders, and professional contacts, as well as other valuable referral sources enhanced by regular participation in business related development opportunities, community efforts to promote homeownership and professional organizations.
  • May oversee responsibilities of Mortgage Loan Assistant, if appropriate. Perform other duties as may be deemed necessary.

What you'll need:
  • High School Diploma. Bachelor's degree preferred.

  • 2 years' of experience in mortgage, banking or other relevant experience.

  • Experience in consumer lending preferred.

  • Ability to represent Self-Help in networking functions and to develop and maintain key realtor and other relations that generate attractive loan/borrower referrals.

  • Strong analytical and quantitative skills and ability to independently handle loan applications and assess borrower ability to successful repay loans.

  • Ability to consistently follow guidelines for file quality.

  • Ability to consistently meet productivity goals.

  • Ability to secure and maintain NMLS certification.

  • Ability to work collaboratively on team

  • Sensitivity to issues of low-wealth borrowers and a desire to work in a racially and socially diverse organization

  • Strong organization, computer and customer service skills

  • Strong communications skills including strong writing skills and presentation skills.

  • Ability to travel and work evenings and weekends as needed

  • Bilingual Spanish/English a plus.

  • Proficiency with Word, Excel and PowerPoint

Compensation Range: $63,600-$95,400
Self-Help is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees.
Company Disclaimer:
Self-Help is committed to providing equal employment opportunities to all persons, regardless of race, religion, religious creed, color, national origin, ancestry, physical disability, mental disability, medical condition, genetic information, marital status, sex, gender, gender identity, gender expression (including transgender status), age, sexual orientation, military and veteran status, class or family status.
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About Self Help

Sourced by ZipRecruiter

Industry

Individual, family and community social assistance

Company size

1 - 10 Employees

Headquarters location

Los Alamos, NM, US

Year founded

1969

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