Mortgage & Loan Processor

Ascend Bank; Wallingford (CT); On-site; USD 30,000 - 43,000; Full time

Benefits offered by this job

Medical benefits

401(k) with employer match

Paid time off

Paid holidays

Job summary

Ascend Bank is seeking a Mortgage & Loan Processor in Wallingford, CT. The role manages residential mortgage and consumer loan files from application through closing, ensuring accuracy and compliance with regulatory and investor guidelines.

You will coordinate with loan officers, underwriters, and borrowers to maintain a smooth process and timely closings. The position emphasizes attention to detail, strong communication, and ability to handle multiple loans.

Qualifications

• Two-year college degree or completion of a specialized course of study at a business or trade school.
• 3+ years of mortgage processing experience preferred.
• Strong knowledge of mortgage lending guidelines (conventional, FHA, VA, USDA).
• Familiarity with loan origination systems.
• Strong attention to detail and organizational skills.
• Ability to manage multiple loans and deadlines simultaneously.
• Effective communication and interpersonal skills.
• Problem-solving and critical-thinking abilities.
• Proficiency in Microsoft Office (Word, Excel, Outlook).
• Ability to calculate income (W-2, self-employed, commission, rental, etc.).
• Understanding of credit analysis and debt-to-income calculations.

Responsibilities

• Review loan applications and supporting documentation for completeness and accuracy
• Collect, verify, and analyze borrower documents (income, assets, credit, employment)
• Order and review third-party services such as appraisals, title, and flood certifications
• Ensure compliance with federal, state, and investor guidelines (e.g., TRID, RESPA)
• Submit complete loan packages to underwriting and address conditions in a timely manner
• Communicate with loan officers, underwriters, closers, and borrowers to obtain required information
• Monitor loan pipeline to meet processing and closing deadlines
• Prepare and maintain accurate loan files in the loan origination system (LOS)
• Identify and resolve issues that may delay loan approval or closing
• Provide exceptional customer service throughout the loan process

Skills

Mortgage processing

Mortgage lending guidelines

Loan origination systems

Compliance regulations

Attention to detail

Organizational skills

Communication skills

Problem solving

Microsoft Office

Income calculation

Credit analysis

Education

Two-year college degree or trade school

Tools

Loan Origination System (LOS)

Microsoft Office

Job description

If you are unable to complete this application due to a disability, contact this employer to ask for an accommodation or an alternative application process.

Mortgage & Loan Processor

SALARIES - BACK OFFICE Full Time Wallingford, CT, US

3 days ago Requisition ID: 1190

Salary Range: $21.60 To $30.86 Annually

POSITION DESCRIPTION

The Mortgage Loan Processor is responsible for managing residential mortgage and consumer loan files from application through closing. This role ensures all documentation is accurate, complete, and compliant with regulatory and investor guidelines while supporting a smooth and timely loan approval process.

PRIMARY RESPONSIBILITIES

• Review loan applications and supporting documentation for completeness and accuracy
• Collect, verify, and analyze borrower documents (income, assets, credit, employment)
• Order and review third-party services such as appraisals, title, and flood certifications
• Ensure compliance with federal, state, and investor guidelines (e.g., TRID, RESPA)
• Submit complete loan packages to underwriting and address conditions in a timely manner
• Communicate with loan officers, underwriters, closers, and borrowers to obtain required information
• Monitor loan pipeline to meet processing and closing deadlines
• Prepare and maintain accurate loan files in the loan origination system (LOS)
• Identify and resolve issues that may delay loan approval or closing
• Provide exceptional customer service throughout the loan process

This position requires compliance with all mortgage regulatory requirements and Ascend Bank’s compliance policies related to these requirements including acceptable background check investigation results. Successful candidates must also meet ongoing regulatory requirements including additional screening and required reporting of certain incidents.

Digital Literacy

The ability to use data, information, and communication technologies to find, evaluate, create, and communicate information, requiring both cognitive and technical skills.

• Information, data, and content
• Teaching, learning and self-development
• Communication, collaboration, and participation
• Digital identity, safety, and security
• Technical proficiency with all bank products
• Awareness and interest in new technology
• Creation, innovation, and research

Key Performance Indicators (KPIs)

• File accuracy and completeness
• Turnaround time from application to submission
• Condition clearing efficiency
• On-time closings
• Client satisfaction

EDUCATION REQUIRED

A two-year college degree or completion of a specialized course of study at a business or trade school.

EXPEREINCE REQUIRED

• 3+ years of mortgage processing experience preferred
• Strong knowledge of mortgage lending guidelines (conventional, FHA, VA, USDA)
• Familiarity with loan origination systems
• Understanding of compliance regulations and documentation standards
• Strong attention to detail and organizational skills
• Ability to manage multiple loans and deadlines simultaneously
• Effective communication and interpersonal skills
• Problem-solving and critical-thinking abilities
• Proficiency in Microsoft Office (Word, Excel, Outlook)
• Ability to work in a fast-paced, deadline-driven environment
• Ability to calculate income (W-2, self-employed, commission, rental, etc.)
• Understanding of credit analysis and debt-to-income calculations

*Compensation is based on our market pay structures. However, individual salaries are determined by a variety of factors including, but not limited to business considerations, local market conditions, and internal equity, as well as candidate qualifications, such as skills, education, and experience.

Position Wage Range: $21.60 - $30.86

Benefits include medical, dental and vision insurance, 401(k) with employer match, paid time off, paid holidays and other fringe benefits. Note that specific benefit entitlements are dictated by the terms of the plan documents and may be changed at the sole discretion of the Company.

Ascend Bank is an equal opportunity employer and offers equal opportunity to all applicants for all positions without regard to race, color, religion, national origin, age, disability, and veteran status.

Applicants requiring reasonable accommodation in the application process should notify Human Resources.