Loan Processor Jobs in Highwood, IL
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.
- Chicago, IL (22 miles from Highwood, IL)
- 4 hours ago
- Chicago, IL (22 miles from Highwood, IL)
- 4 hours ago
Were building a relationship-oriented bank for the modern world. We need talented, passionate professionals who are dedicated to doing whats right for our clients. At CIBC, we embrace your...
Senior KYC and Loan Documentation Specialist
- Schaumburg, IL (18 miles from Highwood, IL)
- 10 days ago
- Schaumburg, IL (18 miles from Highwood, IL)
- 10 days ago
Description Summary: The Senior Know Your Customer (KYC) and Loan Documentation Specialist serves as a subject matter expert on Huntington Distribution Finance KYC requirements....
Remote WorkLoan Origination Specialist IV
- Chicago, IL (22 miles from Highwood, IL)
- 26 days ago
- Chicago, IL (22 miles from Highwood, IL)
- 26 days ago
Required Qualifications, Capabilities, and Skills: Minimum of 2 years of Loan Documentation experience. Ability to multi-task effectively and leverage internal resources....
Loan Processing Specialist - Intermediate Level
- Rosemont, IL (14 miles from Highwood, IL)
- 30+ days ago
- Rosemont, IL (14 miles from Highwood, IL)
- 30+ days ago
Training/ Education/ Experience Required: 3+ years' experience in financial services Loan Booking experience; loan servicing or loan documentation experience a plus High school diploma or equivalent...
- Chicago, IL (22 miles from Highwood, IL)
- 45+ days ago
- Chicago, IL (22 miles from Highwood, IL)
- 45+ days ago
Processing Operations - Minimum Compensation & Benefits: Typical hiring range: $20.19 - $27.76 Hourly....
Remote WorkLoan Origination Specialist IV
- Chicago, IL (22 miles from Highwood, IL)
- 45+ days ago
- Chicago, IL (22 miles from Highwood, IL)
- 45+ days ago
Required qualifications, capabilities, and skills: Minimum of 2 years of Loan Documentation or doc creation experience Ability to multi-task effectively and leverage internal resources Excellent verbal...
Demographic Data for Highwood, IL
Moving to Highwood, IL? Find some basic demographic data about Highwood, IL below.
Loan Processor Online Courses and Training Opportunities
Salary for Loan Processor Jobs in Highwood, IL
Highest Education Level
Loan Processors in Highwood, IL offer the following education backgroundQualifications / Skill Sets
The following top skills are often required or desired to land a Loan Processor position
- Mortgage Lending
- Loan Origination
- Consumer Lending
- Nationwide Mortgage Licensing System & Registry
- Lending
- BSA
- Federal National Morgage Association
- Federal Housing Administration
- Loan Documentation
- Jumbo Loans
- Commercial Banking
- Commercial Lending
- Account Maintenance
- Fannie Mae
- Freddie Mac
- Loan Processing
- Tila Respa Integrated Disclosures
- VA Loans
- Encompass
- Mortgage Processing
- Wire Transfers
- Financial Services
- USDA
- Loan Servicing
- Mortgage Servicing
- Underwriting
- Internal Control
- Appraisal
- General Ledger
- File Management
- Real Estate
- Sales Management
- Referrals
- Finance
- Closing
- General Office Duties
- Accounting
- Retail
- High School Diploma
- Verbal Communication
- Written Communication
- Telephone Skills
- Documentation
- Filing
- Regulations
- Reporting
- Policy Development
- Sales
- Multitasking
- Microsoft Office
- Problem Solving
- Microsoft Excel
- Microsoft Word
- Time Management
- Teamwork
- Organization
- Customer Service
- Scheduling
- Computer Skills
- Communication Skills
Other Career Titles
Here are some other career titles that require similar skills
Loan Processor Related Career Advice Articles
How to Decide Between Investment Banking and Commercial Banking
Many finance professionals begin the career planning phase by taking some time to figure out whether they want to pursue commercial banking or investment banking. While both career paths can reap great rewards, each comes with a different set of responsibilities and skills. Here is a breakdown of some of the factors that separate careers in investment and commercial banking to consider.
Read article »
Career Spotlight: Personal Banker
What does a personal banker do? Is a personal banker salary rewarding? Get answers to these questions and more in our guide to personal banker careers.
Read article »