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.
Commercial Loan Documentation Specialist- Hybrid/Remote
- Elk Grove Village, IL
- 1 day ago
- Elk Grove Village, IL
- 1 day ago
First American Bank was founded in Chicago, and over the years has expanded throughout Wisconsin and Florida. As the largest privately held bank in Illinois, we now have over 60 locations and...
Essential Duties and Responsibilities Prepare, process, and verify accuracy of loan documentation and data entry....
This role focuses on reviewing loans that have gone through underwriting and approval, ensuring accuracy and completeness behind the scenes in loan documentation and processing....
Job Description: Assisting the staff at the Chicago Wabash building with administrative and mail processing Provide support for Chicago Loan Processing and Letter of Credit Teams....
Provide support for Chicago Loan Processing and Letter of Credit Teams....
The Loan Processor position will report to the Credit Operations Manager....
Remote WorkEssential Duties and Responsibilities: Prepare files for commercial and consumer loans Review and understand title commitments Understand legal entities and their requirements for loans Understand...
Entry-level experience in a loan processing/support role preferred. Knowledge of mortgage loan process and related regulatory requirements....
Job Type Full-time Description Position Overview: The Loan Operations Specialist will assist in all functions of consumer loan operations. This role will also provide the highest level of service...
We're building a relationship-oriented bank for the modern world. We need talented, passionate professionals who are dedicated to doing what's right for our clients. At CIBC, we embrace your...
Calculate and monitor complex interest and fee accruals at various rate levels, ensuring accuracy and compliance with changing lender distributions....
Mortgage Loan Processor Company: U.S. Bank Location: Chicago, IL Date Posted: 7/23/25, 4:40 AM At U.S. Bank, we're on a journey to do our best....
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...
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...
Interact both verbally and in writing with multiple internal and external partners to resolve member issues, improve processes and create a favorable lending experience....
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
- Mortgage Lending
- Loan Origination
- Consumer Lending
- Lending
- Federal Housing Administration
- Nationwide Mortgage Licensing System & Registry
- Loan Documentation
- Jumbo Loans
- Tila Respa Integrated Disclosures
- VA Loans
- Commercial Lending
- BSA
- Federal National Morgage Association
- FHLMC
- Loan Processing
- Freddie Mac
- Private Banking
- Fannie Mae
- Encompass
- OFAC
- Mortgage Processing
- Financial Services
- Loan Servicing
- USDA
- Underwriting
- Reconciliations
- Taxes
- Appraisal
- Payment Processing
- Due Diligence
- General Ledger
- File Management
- Real Estate
- Closing
- Finance
- Math
- High School Diploma
- Accounting
- Written Communication
- Documentation
- Verbal Communication
- Data Entry
- Filing
- Policy Development
- Regulations
- Multitasking
- Problem Solving
- Microsoft Excel
- Microsoft Office
- Sales
- Time Management
- Research Skills
- Staff Supervision
- Organization
- Customer Service
- Scheduling
- Computer Skills
- Leadership
- Communication Skills
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