Loan Processor Jobs in Illinois
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.
other loan operation associates Identify critical original documentation needed for preservation and loan maintenance and monitoring needed pursuant to loan documentation and other lending guidelines...
at Apex Systems in CHICAGO, Illinois, United States Job Description Job Description: Title: Loan Processor Location: Chicago, IL Work Model: Onsite M-F, 9:30 am - 6 pm CT Duration: 1 year contract with...
Mortgage Loan Processor III Company: City National Bank Location: Springfield, IL Date Posted: 3/5/25, 4:49 AM MORTGAGE LOAN PROCESSOR III WHAT IS THE OPPORTUNITY?...
Expert knowledge of overall mortgage lending internal processes and control, as well as federal, state, and regulatory requirements/guidelines related to consumer mortgage lending for conventional,...
Minimum of 5 years residential mortgage processing experience. Experience with Encompass....
BMO Financial Group NMLS Certified Loan Processor in Virtual , Illinois Provides efficient and accurate handling of customer requests and transactions in a professional and timely manner....
Bilingual Mortgage Processor III- Cincinnati, Oh, Chicago, IL or Grand Rapids, MI
- Chicago, IL
- 13 days ago
- Chicago, IL
- 13 days ago
Evaluate loan documentation, calculate income, review assets, analyze liabilities, and clear conditions per delegated authority ensuring compliance and underwriting guidelines....
Bilingual Mortgage Processor III- Chicago, IL or Grand Rapids, MI
- Schiller Park, IL
- 13 days ago
- Schiller Park, IL
- 13 days ago
Evaluate loan documentation, calculate income, review assets, analyze liabilities, and clear conditions per delegated authority ensuring compliance and underwriting guidelines....
Bilingual Mortgage Processor III- Chicago, IL & Grand Rapids, MI
- Rosemont, IL
- 16 days ago
- Rosemont, IL
- 16 days ago
Evaluate loan documentation, calculate income, review assets, analyze liabilities, and clear conditions per delegated authority ensuring compliance and underwriting guidelines....
Job Location IL-70 W Madison St, 8th Fl Employment Type Regular Weekly Hours 40 Skills Company Policies, Consumer Loans, Documentations, Electronic Records Management (ERM), Loan, Loan Closings...
Prairie State Bank & Trust, a locally owned $800 million bank with 20 offices in Central Illinois has an immediate opening for a Commercial and Consumer Loan Processing Specialist, in Mt....
Prairie State Bank & Trust, a locally owned $800 million bank with 20 offices in Central Illinois, has an immediate opening for a Loan Operations Specialist in Springfield, Illinois. We are a...
Technical Proficiency: Use loan processing software and systems efficiently. Problem-Solving Skills: Identify and resolve issues that arise during the loan processing stages....
Remote WorkCoaches and mentors Loan Processors and Loan Processor Specialist....
Demographic Data for Illinois
Moving to Illinois? Find some basic demographic data about Illinois below.
Loan Processor Online Courses and Training Opportunities
Salary for Loan Processor Jobs in Illinois
Highest Education Level
Loan Processors in Illinois offer the following education backgroundQualifications / Skill Sets
The following top skills are often required or desired to land a Loan Processor position
- Federal National Morgage Association
- Mortgage Lending
- Consumer Lending
- Lending
- Loan Origination
- Loan Documentation
- Nationwide Mortgage Licensing System & Registry
- FHLMC
- Fannie Mae
- Jumbo Loans
- Loan Review
- BSA
- Freddie Mac
- Conventional Loans
- Commercial Lending
- Federal Housing Administration
- Tila Respa Integrated Disclosures
- VA Loans
- Loan Processing
- OFAC
- Mortgage Processing
- Loan Servicing
- USDA
- Financial Services
- Encompass
- Anti-Money Laundering
- Underwriting
- Appraisal
- Payment Processing
- General Ledger
- Real Estate
- Problem Resolution
- Closing
- Finance
- Accounting
- High School Diploma
- Prioritizing
- Written Communication
- Documentation
- Reporting
- Filing
- Sales
- Regulations
- Multitasking
- Policy Development
- Problem Solving
- Microsoft Excel
- Microsoft Office
- Microsoft Word
- Time Management
- Teamwork
- Staff Supervision
- Organization
- Customer Service
- Research Skills
- 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 »