Loan Processor Jobs in Lincolnwood, 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.
Commercial Loan Documentation Specialist
- Burr Ridge, IL (19 miles from Lincolnwood, IL)
- 10 days ago
- Burr Ridge, IL (19 miles from Lincolnwood, IL)
- 10 days ago
Equivalent years of relevant work experience may be considered in lieu of a degree. 0-2 years' experience in commercial loan documentation or commercial loan collateral review/audit role preferred....
Loan Origination Specialist IV
- Chicago, IL (8 miles from Lincolnwood, IL)
- 21 days ago
- Chicago, IL (8 miles from Lincolnwood, IL)
- 21 days ago
Required Qualifications, Capabilities, and Skills: Minimum of 2 years of Loan Documentation experience. Ability to multi-task effectively and leverage internal resources....
Agricultural Loan Processor (Hybrid) - R-121074
- Lisle, IL (22 miles from Lincolnwood, IL)
- 23 days ago
- Lisle, IL (22 miles from Lincolnwood, IL)
- 23 days ago
Assists the senior Loan Processors, Director of Loan Operations, and others on special projects and team initiatives as requested, such as reporting, annual procedural updates, etc. Some......
Loan Processing Specialist - Intermediate Level
- Rosemont, IL (7 miles from Lincolnwood, IL)
- 27 days ago
- Rosemont, IL (7 miles from Lincolnwood, IL)
- 27 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 (8 miles from Lincolnwood, IL)
- 30+ days ago
- Chicago, IL (8 miles from Lincolnwood, IL)
- 30+ days ago
Processing Operations - Minimum Compensation & Benefits: Typical hiring range: $20.19 - $27.76 Hourly....
Remote WorkLoan Origination Specialist IV
- Chicago, IL (8 miles from Lincolnwood, IL)
- 30+ days ago
- Chicago, IL (8 miles from Lincolnwood, IL)
- 30+ 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 Lincolnwood, IL
Moving to Lincolnwood, IL? Find some basic demographic data about Lincolnwood, IL below.
Loan Processor Online Courses and Training Opportunities
Salary for Loan Processor Jobs in Lincolnwood, IL
Highest Education Level
Loan Processors in Lincolnwood, 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
- Conventional Loans
- Commercial Lending
- Account Maintenance
- Fannie Mae
- Freddie Mac
- Loan Processing
- Tila Respa Integrated Disclosures
- VA Loans
- Calyx Point
- Encompass
- Mortgage Processing
- Wire Transfers
- Mortgage Underwriting
- Financial Services
- USDA
- Loan Servicing
- Underwriting
- Internal Control
- Appraisal
- General Ledger
- File Management
- Real Estate
- Sales Management
- Referrals
- Finance
- Closing
- Accounting
- Retail
- High School Diploma
- Written Communication
- Telephone Skills
- Documentation
- Filing
- Regulations
- Reporting
- Policy Development
- Sales
- Multitasking
- Problem Solving
- Microsoft Excel
- Microsoft Office
- Time Management
- Teamwork
- Organization
- Customer Service
- Scheduling
- Computer Skills
- Communication Skills
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