Loan Processor Jobs in Southport, CT

A Loan Processor in the banking industry serves as an intermediary between the potential borrower and the lending institution. They are responsible for reviewing loan applications, conducting credit research, coordinating with underwriters, and ensuring that the loans are processed in a timely manner. They assess the ability of the applicant to repay the loan, verify the information provided, and prepare documents for closing. The Loan Processor plays a key role in ensuring the smooth running of the loan approval process, that conforms with bank regulations and guidelines.

Important skills for a Loan Processor include excellent communication, attention to detail, quality customer service, and problem-solving abilities. They should be proficient in using loan processing software and have a strong understanding of banking and financial principles. Some of the certifications that could be beneficial are Certified Mortgage Loan Processor (NAMP-CMLP) and FHA Direct Endorsement (DE) Underwriting certification. Prior to becoming a Loan Processor, an individual might have roles such as Loan Officer Assistant, Credit Analyst, or Customer Service Representative in a banking or financial institution.

1-5 of 5 Jobs

Commercial Loan Documentation Specialist

  • Danbury, CT (18 miles from Southport, CT)
  • 4 days ago
  • Danbury, CT (18 miles from Southport, CT)
  • 4 days ago

Responsibilities include: Loan Documentation; experienced in documenting simple and complex commercial loan transactions. Knowledge of industry standard loan processing parameters....

Remote Sr, Loan Processor, Wholesale,

  • Greenwich, CT (18 miles from Southport, CT)
  • 8 days ago
  • Greenwich, CT (18 miles from Southport, CT)
  • 8 days ago

** Responsible for providing quality loan processing, reviewing files for adherence to underwriting standards and ensuring completeness of submission....

Remote Work

SBA Loan Processor

  • Stamford, CT (14 miles from Southport, CT)
  • 9 days ago
  • Stamford, CT (14 miles from Southport, CT)
  • 9 days ago

A Community Bank is in need of a SBA Loan Processor/Assistant that will work with 7a loan requests....

SBA Loan Processor

  • New Haven, CT (21 miles from Southport, CT)
  • 9 days ago
  • New Haven, CT (21 miles from Southport, CT)
  • 9 days ago

A Community Bank is in need of a SBA Loan Processor/Assistant that will work with 7a loan requests....

Mortgage Loan Processor - REMOTE

  • Purchase, NY (23 miles from Southport, CT)
  • 30+ days ago
  • Purchase, NY (23 miles from Southport, CT)
  • 30+ days ago

Knowledge of the mortgage process from origination to post closing. Obtain and maintain NMLS license number as required each year, including completion of required education and training....

Remote Work

Demographic Data for Southport, CT

Moving to Southport, CT? Find some basic demographic data about Southport, CT below.


Local
National
4,466
211
Small

Loan Processor Online Courses and Training Opportunities

iHireBanking curates thousands of courses in order to recommend the best ones to help further your career. If you register for a course using the links on our site, we may receive a small commission.
Loan Processing
Processing a loan can be a complex endeavor. The most common loans offered by mortgage lenders include conventional conforming, conventional nonconforming, FHA, VA, and subprime loans. For most...
Loan Processing: Underwriting
Underwriting is the fourth step in processing a loan. It's what happens behind the scenes once you submit your application. It's one of the most critical steps, because the underwriter makes the...
Construction Loan-in-process
Learn the fundamentals of accounting for construction loans, focusing on the Loan-in-Process (LIP) account. This course is ideal for professionals in lending, finance, or accounting who work with...

Salary for Loan Processor Jobs in Southport, CT

Estimated salary range based on data from US Bureau of Labor Statistics (BLS) and iHireBanking research efforts.

Highest Education Level

Loan Processors in Southport, CT offer the following education background
Bachelor's Degree
35.6%
High School or GED
23.0%
Associate's Degree
14.8%
Vocational Degree or Certification
11.8%
Master's Degree
11.0%
Some College
2.4%
Doctorate Degree
0.9%
Some High School
0.5%

Average Work Experience
Here's a breakdown of the number of years' experience offered by Loan Processors in Southport, CT
2-4 years
30.6%
Less than 1 year
23.9%
6-8 years
13.6%
None
12.9%
4-6 years
12.3%
1-2 years
6.7%



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