How much does a Mortgage Loan Processor I make in Connecticut? The average Mortgage Loan Processor I salary in Connecticut is $47,486 as of February 26, 2024, but the range typically falls between $42,977 and $53,539. Salary ranges can vary widely depending on the city and many other important factors, including education, certifications, additional skills, the number of years you have spent in your profession.

Mortgage Loan Processor I Salaries by Percentile
Percentile Salary Location Last Updated
10th Percentile Mortgage Loan Processor I Salary $38,871 CT February 26, 2024
25th Percentile Mortgage Loan Processor I Salary $42,977 CT February 26, 2024
50th Percentile Mortgage Loan Processor I Salary $47,486 CT February 26, 2024
75th Percentile Mortgage Loan Processor I Salary $53,539 CT February 26, 2024
90th Percentile Mortgage Loan Processor I Salary $59,050 CT February 26, 2024
25% $42,977 10% $38,871 90% $59,050 75% $53,539 $47,486 50%(Median) Didn’t find job title? Click
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What skills does a Mortgage Loan Processor I need?

Each competency has five to ten behavioral assertions that can be observed, each with a corresponding performance level (from one to five) that is required for a particular job.

1.

Customer Service: Customer service is the provision of service to customers before, during and after a purchase. The perception of success of such interactions is dependent on employees "who can adjust themselves to the personality of the guest". Customer service concerns the priority an organization assigns to customer service relative to components such as product innovation and pricing. In this sense, an organization that values good customer service may spend more money in training employees than the average organization or may proactively interview customers for feedback. From the point of view of an overall sales process engineering effort, customer service plays an important role in an organization's ability to generate income and revenue. From that perspective, customer service should be included as part of an overall approach to systematic improvement. One good customer service experience can change the entire perception a customer holds towards the organization.

2.

Mortgage Lending: A mortgage loan is a secured loan that allows you to avail funds by providing an immovable asset, such as a house or commercial property, as collateral to the lender.

3.

Diagnostic Testing: Diagnostic Testing carried out to diagnose a condition, disease, or illness in people who are displaying specific signs of possible illness.

Customer Service 6.73%
Mortgage Lending 2.6%
Diagnostic Testing 1.53%
Others 89.14%

Job Description for Mortgage Loan Processor I

Mortgage Loan Processor I performs administrative tasks for mortgage loan processing. Collects and prepares necessary information such as loan applications, credit documents, and appraisals to process and complete mortgage loan files. Being a Mortgage Loan Processor I verifies all documentation for accuracy and completeness. Tracks and monitors due dates. Additionally, Mortgage Loan Processor I ensures all documents are prepared and finalized in compliance with regulatory policies and procedures. Inputs and maintains all required transaction and processing records according to procedures. Responds to inquiries. Prepares required regulatory reporting. Requires a high school diploma or equivalent. Typically reports to a supervisor. The Mortgage Loan Processor I works under the close direction of senior personnel in the functional area. Possesses a moderate understanding of general aspects of the job. May require 0-1 year of general work experience. (Copyright 2024 Salary.com)... View full job description

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Job Openings for Mortgage Loan Processor I in Connecticut

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Location Avg. Salary Date Updated
Location New London, CT Avg. Salary $46,953 Date Updated February 26, 2024
Location Norwich, CT Avg. Salary $47,068 Date Updated February 26, 2024
Location West Haven, CT Avg. Salary $47,746 Date Updated February 26, 2024
Location Abington, CT Avg. Salary $46,637 Date Updated February 26, 2024
Location Amston, CT Avg. Salary $47,262 Date Updated February 26, 2024
Location Andover, CT Avg. Salary $47,618 Date Updated February 26, 2024
Location Ansonia, CT Avg. Salary $47,746 Date Updated February 26, 2024
Location Ashford, CT Avg. Salary $46,679 Date Updated February 26, 2024
Location Avon, CT Avg. Salary $47,706 Date Updated February 26, 2024
Location Ballouville, CT Avg. Salary $46,568 Date Updated February 26, 2024

Career Path for Mortgage Loan Processor I

A career path is a sequence of jobs that leads to your short- and long-term career goals. Some follow a linear career path within one field, while others change fields periodically to achieve career or personal goals.

For Mortgage Loan Processor I, the first career path typically starts with a Loan Processor II position, and then Loan Processing Supervisor.

The second career path typically starts with a Commercial Loan Processor position, and then progresses to Loan Processing Assistant Manager.

Additionally, the third career path typically starts with a Mortgage Loan Processor II position, and then progresses to Loan Processing Manager.

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Mortgage Loan Processor I Salary in Connecticut
Mortgage Loan Processor I Salary Graph, Regional Distribution and Summary