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.
Previous experience in a loan processing/support role preferred. Knowledge of mortgage loan process and related regulatory requirements....
*Required Qualifications** * Minimum 2 years of mortgage loan processing experience required. * Minimum 2 years of experience of state and federal lending regulations (e.g....
How You'll Succeed Loan Documentation - Interpreting and understanding loan documents such as note or credit agreements for new, renewed and modified loans....
The ideal candidate will be a seasoned Loan Processor with recent experience in a retail lending environment....
This job was posted by : For moreinformation, please see: Brief Overview**\\The Mortgage Loan Processor I processes approved mortgage loanapplications and follows established lending policies and procedures.This...
Job Type Full-time Description Position Overview: The Senior Loan Operations Specialist plays a critical role in supporting the Credit Union's loan operations by overseeing the end-to-end...
The ideal candidate will be a seasoned Loan Processor with recent experience in a retail lending environment....
** Responsible for providing quality loan processing, reviewing files for adherence to underwriting standards and ensuring completeness of submission....
Remote WorkWhat you will do We are looking for an astute, determined professional with Commercial Lending experience to fill an open Loan Processor role within our rapidly growing Agricultural Finance debt business...
Independently analyzes complex loan documentation in order to set up and fund loan accounts while adhering to bank standards and loan policy....
Guaranteed Rate is currently seeking a hard-working, dedicated Bilingual (Spanish) Loan Coordinator (Loan Processor) to join our innovative and passionate team....
What you will do We are looking for an astute, determined professional with Commercial Lending experience to fill an open Loan Processor role within our rapidly growing Agricultural Finance debt business...
Consumers Credit Union (CCU) is adding a new Loan Origination Specialist to the Sales team! This is a great opportunity for someone who strives to cultivate a high level of member engagement by...
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?...
Minimum of 5 years residential mortgage processing experience. Experience with Encompass....
Demographic Data for Illinois
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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
- Loan Origination
- Consumer Lending
- Nationwide Mortgage Licensing System & Registry
- Lending
- Loan Documentation
- FHLMC
- Federal Housing Administration
- Fannie Mae
- Jumbo Loans
- BSA
- Calyx Point
- Commercial Banking
- Commercial Lending
- Freddie Mac
- Tila Respa Integrated Disclosures
- VA Loans
- Loan Processing
- Mortgage Processing
- Encompass
- USDA
- Loan Servicing
- Financial Services
- Underwriting
- Appraisal
- Payment Processing
- File Management
- Real Estate
- Problem Resolution
- Sales Management
- Finance
- Closing
- High School Diploma
- Retail
- Prioritizing
- Written Communication
- Telephone Skills
- Documentation
- Reporting
- Filing
- Regulations
- Multitasking
- Policy Development
- Sales
- Problem Solving
- Microsoft Excel
- Microsoft Office
- Time Management
- Teamwork
- Staff Supervision
- Organization
- Customer Service
- Scheduling
- Computer Skills
- Communication Skills
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