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.
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...
Documentation, Loan Operations, Microsoft Windows, Prioritization, Quality Assurance (QA), Technical Knowledge...
Position Overview: The Loan Documentation Specialist reports directly to the Closing Department Manager....
Loan Documentation Specialist (Opener) - Residential
- Springfield, IL
- 12 days ago
- Springfield, IL
- 12 days ago
Qualifications: Bachelor's degree or comparable work experience required. 1-2 years of experience in mortgage lending, banking, or loan documentation preferred....
Essential Duties and Responsibilities: Prepare files for commercial and consumer loans Review and understand title commitments Understand legal entities and their requirements for loans Understand...
Minimum of 5 years residential mortgage processing experience. Experience with Encompass....
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...
Processor is responsible for providing support to the lending staff through multiple functions associated with pre-closing and post-closing due diligence activities....
Processor is responsible for providing support to the lending staff through multiple functions associated with pre-closing and post-closing due diligence activities....
Commercial Loan Documentation Specialist
- Edwardsville, IL
- 30+ days ago
- Edwardsville, IL
- 30+ 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....
Senior KYC and Loan Documentation Specialist
- Schaumburg, IL
- 30+ days ago
- Schaumburg, IL
- 30+ 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 WorkProcessor is responsible for providing support to the lending staff through multiple functions associated with pre-closing and post-closing due diligence activities....
Qualifications: 5+ years of experience in commercial loan operations, loan servicing, or loan documentation....
Required Qualifications, Capabilities, and Skills: Minimum of 2 years of Loan Documentation experience. Ability to multi-task effectively and leverage internal resources....
Processing Operations - Minimum Compensation & Benefits: Typical hiring range: $20.19 - $27.76 Hourly....
Remote WorkDemographic 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
- Mortgage Lending
- Loan Origination
- Consumer Lending
- Nationwide Mortgage Licensing System & Registry
- Lending
- BSA
- Federal National Morgage Association
- Federal Housing Administration
- Loan Documentation
- Jumbo Loans
- Loan Review
- Conventional Loans
- Commercial Lending
- Fannie Mae
- Loan Processing
- Freddie Mac
- Tila Respa Integrated Disclosures
- VA Loans
- Encompass
- Mortgage Processing
- Financial Services
- USDA
- Loan Servicing
- Underwriting
- Appraisal
- General Ledger
- File Management
- Real Estate
- Sales Management
- Referrals
- Finance
- Closing
- General Office Duties
- Retail
- High School Diploma
- Written Communication
- Verbal Communication
- Documentation
- Filing
- Regulations
- Policy Development
- Multitasking
- Microsoft Office
- Sales
- Problem Solving
- Microsoft Excel
- Time Management
- Teamwork
- Organization
- Customer Service
- Scheduling
- Computer Skills
- Communication Skills
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Here are some other career titles that require similar skills
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