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Mortgage Processor Jobs in Cranston, RI (NOW HIRING)

BankNewport

Mortgage Processor

Middletown, RI · On-site

$39K - $54K/yr

Processes residential mortgage loan applications. Collects reports and appraisals, inputs loan data, requests and ensures the receipt of required verifications and other various supporting documents.

BankNewport

Mortgage Processor

Middletown, RI · Hybrid

$39K - $54K/yr

Processes residential mortgage loan applications. Collects reports and appraisals, inputs loan data, requests and ensures the receipt of required verifications and other various supporting documents.

BankNewport

Mortgage Processor

Middletown, RI · On-site

$39K - $54K/yr

Processes residential mortgage loan applications. Collects reports and appraisals, inputs loan data, requests and ensures the receipt of required verifications and other various supporting documents.

BankNewport

Mortgage Processor

Middletown, RI · Hybrid

$39K - $54K/yr

Processes residential mortgage loan applications. Collects reports and appraisals, inputs loan data, requests and ensures the receipt of required verifications and other various supporting documents.

Semper Home Loans

Mortgage Loan Processor

Providence, RI · On-site

$40K - $55K/yr

Mortgage Loan Processor Are you a detail-driven professional with a passion for helping people achieve homeownership? Semper Home Loans, a trusted and rapidly growing national mortgage lender, is ...

Semper Home Loans

Mortgage Loan Processor

Providence, RI · On-site

$50K - $80K/yr

Process and prepare mortgage loan files from initial application to final approval. * Ensure compliance with bank, investor, and regulatory guidelines while delivering top-tier customer service.

COASTAL1 CREDIT UNION

Mortgage Underwriter II

Pawtucket, RI · On-site

$55K - $71K/yr

... Processor to aid in resolving mortgage application conditions. 8. Enter all underwriting conditions and all HMDA data specific to the underwriting decision into Encompass LOS system. 9. Order PMI as ...

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All JobsMortgage Processor JobsMortgage Processor Jobs in Cranston, RI

Mortgage Processor information

See Cranston, RI salary details

$27.9K

$49.8K

$92.4K

How much do mortgage processor jobs pay per year?

As of Aug 24, 2026, the average yearly pay for mortgage processor in Cranston, RI is $49,786.00, according to ZipRecruiter salary data. Most workers in this role earn between $39,100.00 and $53,800.00 per year, depending on experience, location, and employer.

What is a mortgage processor?

Mortgage processors are professionals who handle and organize the documentation and information required to process a mortgage loan application. They act as a liaison between the borrower, loan officer, and underwriter, ensuring that all necessary paperwork is complete, accurate, and submitted on time. Their responsibilities include verifying employment and financial information, ordering credit reports, coordinating appraisals, and tracking the progress of the loan application to ensure it moves smoothly toward approval and closing.

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

To thrive as a Mortgage Processor, you need a solid understanding of loan products, mortgage regulations, and financial documentation, typically supported by experience in the finance or real estate industry. Familiarity with loan origination systems (LOS), automated underwriting tools, and compliance software is essential. Strong organizational skills, attention to detail, and effective communication set outstanding processors apart. These skills ensure accurate, timely processing of loan applications, minimizing errors and delays while maintaining regulatory compliance.

What are the most common challenges faced by mortgage processors, and how can they be managed effectively?

Mortgage processors often encounter tight deadlines and frequent changes in documentation requirements, which can make staying organized challenging. Managing multiple loan files at different stages of completion requires strong attention to detail and effective communication with loan officers, underwriters, and clients. To succeed, it's helpful to develop robust organizational systems, stay updated on lending guidelines, and build excellent relationships with team members to quickly resolve any issues that arise during the process.

How much do entry level mortgage processors make?

Entry-level mortgage processors typically earn between $35,000 and $50,000 annually, depending on location and employer. Starting salaries may increase with experience, certifications, and proficiency with loan processing software such as Encompass or Calyx Point.

Is it hard to be a mortgage processor?

Mortgage processors handle the review and verification of loan documents, requiring attention to detail, organizational skills, and knowledge of lending guidelines. The role can involve repetitive tasks and tight deadlines, but it is generally manageable with experience and familiarity with processing software. Certification or training in mortgage lending can also improve efficiency and job performance.
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The top searched job categories for Mortgage Processor jobs in Cranston, RI are:

Mortgage Processor jobs near you
Infographic showing various Mortgage Processor job openings in Cranston, RI as of August 2026, with employment types broken down into 88% Full Time, 10% Part Time, and 2% Contract. Highlights an 76% Physical, 4% Hybrid, and 20% Remote job distribution, with an average salary of $49,786 per year, or $23.9 per hour.

Mortgage Processor

Middletown, RI • On-site

BankNewport
Commercial Banking • 201 - 500 employees
Learn more about BankNewportexternal

$39K - $54K/yr

Other

Re-posted 8 days ago

Job description

Overview
Performs a variety of loan processing and pre-underwriting duties in support of the residential lending activities in conformance with established Bank policies and procedures.
This will be a hybrid position with a requirement of no less than three (3) days on site in office.
Responsibilities
Performs any functions necessary, within scope of authority and expertise, to provide the highest level of service and responsiveness to customers.
  • Processes residential mortgage loan applications. Collects reports and appraisals, inputs loan data, requests and ensures the receipt of required verifications and other various supporting documents.
  • Review and enter application data in loan origination software.
  • Collect, track, and scan borrower documents.
  • Make calls to verify employment and insurance coverage.
  • Knowledge of Secondary Market Underwriting Guidelines. Coordinate the process of submitting Correspondent Loans to investors, including Rhode Island Housing's Tax Credit Program (MCC).
  • Order and track title orders, appraisals, tax transcripts, property tax information, and pay-offs.
  • Contact customers to provide updates on their loan process and to resolve issues / problems.
  • Reviews collected data and pre-underwrites loans within the limits of authority.
  • Monitors pending loan files to ensure compliance with applicable Bank policies, procedures and regulatory requirements.
  • Keeps abreast of developments with the residential lending field related to loan processing and underwriting. Attends relevant courses and seminars.
  • Demonstrate a thorough working knowledge of company guidelines and policies as well as all applicable laws and regulations related to mortgage lending in order to ensure compliance. (TRID, Reg B, Reg Z)
  • Demonstrate a high level of professionalism and integrity in all internal and external interactions with colleagues, customers and vendors.
  • Ability to multi-task in a fast paced environment and manage assigned pipeline using reports to meet rate lock dates, mortgage contingency dates and closing dates.
  • Facilitate the Construction Disbursement process post-closing by serving as customer point-of-contact and obtaining appraisal inspections & title rundowns
  • Continually strives to improve the department's efficiencies
  • Accountable for Compliance and Audit reviews
  • Communicates professionally in oral and written format with internal and external customers
OTHER ACCOUNTABILITIES / RESPONSIBILITIES:
  • Performs related and unrelated duties as may be required.
  • Cross-trained in Consumer Lending loan processing
  • Standard 40 hour work week expected, though position may sometimes require early arrival, late departure or weekend hours.
SUPERVISORY SCOPE:
No supervisory responsibility
INDEPENDENT ACTION:
Performs work within established guidelines and according to specific procedures. Refers problems to immediate supervisor.
Qualifications
  • High school or its equivalent plus specialized course work and training.
  • At least three years of experience in mortgage lending with two years' work as a processor.
  • A demonstrated understanding of mortgage loan procedures and regulatory requirements and the ability to analyze and interpret personal, corporate and partnership tax return and financial statements.
  • Proven organizational, oral and written communications, problem solving and analytical skills and interpersonal skills.
  • Must possess a high degree of accuracy and attention to detail.
  • Must be able to work independently as well as on a team.
  • Must have working knowledge of Windows, Word, Excel and Desktop Underwriter as well as loan origination systems.
PHYSICAL REQUIREMENTS
Any physical demands or work conditions described below are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable Accommodation may be made to enable individuals with disabilities to perform the essential functions. Employees need to have the ability to:
  • Travel independently to the position's primary work location, other bank properties and work-related activities or events at locations outside the Bank.
  • Effectively communicate and exchange accurate information and ideas so others will understand.
  • Independently 0perate a computer and other office machinery, such as a calculator, copy machine, printer and software programs related to the position needed to complete the primary functions.
  • Sit or stand at a workspace and use a computer or other equipment for prolonged periods of time.
  • Meet the hybrid work schedule requirements for physically working in the office during normal business hours on Mondays and Wednesdays and another day of choice to effectively meet business needs.
  • Move office items weighing up to 35 pounds.
  • Work in an environment with low to moderate noise levels.
BANKNEWPORT CORE VALUES:
  • We celebrate individuality
  • We empower employees to be creative problem solvers
  • We invest and take the time to really get to know our customers
  • We commit to serving the financial needs of Rhode Islander's

Any physical demands or work conditions described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
BankNewport is committed to a policy of Equal Employment Opportunity and will not discriminate against an applicant or employee on the basis of race, color, religion, creed, national origin or ancestry, sex, age, physical or mental disability, veteran or military status, genetic information, sexual orientation, gender identity or expression, pregnancy, childbirth or related medical conditions, military service, marital status, or any other legally recognized protected basis under federal, state or local laws, regulations or ordinances.

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