Loan Processor Jobs in Palos Park, 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 (19 miles from Palos Park, IL)
- 1 day ago
- Chicago, IL (19 miles from Palos Park, IL)
- 1 day ago
Under general supervision (but works independently move of the time) responsible for the preparation of commercial loan documentation and/or review of attorney prepared commercial loan documentation...
Associate Loan Servicing Representative - Hybrid
- Chicago, IL (19 miles from Palos Park, IL)
- 1 day ago
- Chicago, IL (19 miles from Palos Park, IL)
- 1 day ago
In this role, you will support different loan related processes from post-origination through loan payoff. Responsible to secure liens on vehicle titles, placing and removing Collateral Protection...
Commercial Loan Documentation Specialist Part-Time Temp to Hire
- Burr Ridge, IL (6 miles from Palos Park, IL)
- 5 days ago
- Burr Ridge, IL (6 miles from Palos Park, IL)
- 5 days ago
Summary: Works with Commercial Bankers to prepare loan documents for any new, modification or renewal of our commercial loans with minimal supervision to close the transaction and complete the...
Mortgage Processor III- Cincinnati, Chicago, and Grand Rapids
- Chicago, IL (19 miles from Palos Park, IL)
- 12 days ago
- Chicago, IL (19 miles from Palos Park, IL)
- 12 days ago
Evaluate loan documentation, calculate income, review assets, analyze liabilities, and clear conditions per delegated authority ensuring compliance and underwriting guidelines....
Booking Analyst, Loan Operations Specialist
- Chicago, IL (19 miles from Palos Park, IL)
- 20 days ago
- Chicago, IL (19 miles from Palos Park, IL)
- 20 days 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...
Loan Operations Specialist - Collateral Release
- Chicago, IL (19 miles from Palos Park, IL)
- 20 days ago
- Chicago, IL (19 miles from Palos Park, IL)
- 20 days ago
Documentation, Loan Operations, Microsoft Windows, Prioritization, Quality Assurance (QA), Technical Knowledge...
- Chicago, IL (19 miles from Palos Park, IL)
- 20 days ago
- Chicago, IL (19 miles from Palos Park, IL)
- 20 days ago
Position Overview: The Loan Documentation Specialist reports directly to the Closing Department Manager....
- Mokena, IL (9 miles from Palos Park, IL)
- 30+ days ago
- Mokena, IL (9 miles from Palos Park, IL)
- 30+ days ago
Minimum of 5 years residential mortgage processing experience. Experience with Encompass....
Commercial Loan Documentation Specialist
- Burr Ridge, IL (6 miles from Palos Park, IL)
- 45+ days ago
- Burr Ridge, IL (6 miles from Palos Park, IL)
- 45+ 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 (19 miles from Palos Park, IL)
- 60+ days ago
- Chicago, IL (19 miles from Palos Park, IL)
- 60+ days ago
Required Qualifications, Capabilities, and Skills: Minimum of 2 years of Loan Documentation experience. Ability to multi-task effectively and leverage internal resources....
Demographic Data for Palos Park, IL
Moving to Palos Park, IL? Find some basic demographic data about Palos Park, IL below.
Loan Processor Online Courses and Training Opportunities
Salary for Loan Processor Jobs in Palos Park, IL
Highest Education Level
Loan Processors in Palos Park, 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
- Lending
- Federal Housing Administration
- Federal National Morgage Association
- Loan Documentation
- Commercial Banking
- Jumbo Loans
- BSA
- Loan Review
- Commercial Lending
- Account Maintenance
- Fannie Mae
- FHLMC
- Automated Clearing House
- Freddie Mac
- Loan Processing
- Tila Respa Integrated Disclosures
- VA Loans
- Encompass
- Mortgage Processing
- Financial Services
- USDA
- Loan Servicing
- Underwriting
- Anti-Money Laundering
- Appraisal
- Reconciliations
- General Ledger
- File Management
- Real Estate
- Closing
- Finance
- Accounting
- Retail
- Auditing
- High School Diploma
- Written Communication
- Verbal Communication
- Telephone Skills
- Documentation
- Reporting
- Policy Development
- Data Entry
- Filing
- Regulations
- Multitasking
- Microsoft Office
- Problem Solving
- Microsoft Excel
- Sales
- Time Management
- Staff Supervision
- Organization
- Customer Service
- Scheduling
- Computer Skills
- Communication Skills
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