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.
Job Description The Home Equity Mortgage Loan Processor will: Key Responsibilities: Ability to meet production, quality and service standards with emphasis on delivering exquisite customer service Manage...
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....
Horton, Inc. is currently looking for a Loan Processor Team Lead for their Financial Services Regional Department....
Commercial Loan Documentation Specialist Part-Time Temp to Hire
- Burr Ridge, IL
- 8 days ago
- Burr Ridge, IL
- 8 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...
Senior Participation Analyst - Loan Operations Specialist
- Springfield, IL
- 10 days ago
- Springfield, IL
- 10 days ago
at SolomonEdwards in Springfield, Illinois, United States Job Description Senior Participation Analyst - Loan Operations Specialist Remote - USA, USA About Us SolomonEdwardsGroup, LLC...
Mortgage Processor III- Cincinnati, Chicago, and Grand Rapids
- Chicago, IL
- 15 days ago
- Chicago, IL
- 15 days ago
Evaluate loan documentation, calculate income, review assets, analyze liabilities, and clear conditions per delegated authority ensuring compliance and underwriting guidelines....
Loan Operations provides critical support to our lending staff by not only processing loan information but also by providing excellent service to our customers and to our internal employees....
Coaches and mentors Loan Processors and Loan Processor Specialist....
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
- 30+ days ago
- Springfield, IL
- 30+ days ago
for loan processing....
Loan Documentation Specialist (Commercial)
- Springfield, IL
- 30+ days ago
- Springfield, IL
- 30+ days ago
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....
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
- Lending
- Consumer Lending
- Nationwide Mortgage Licensing System & Registry
- Federal Housing Administration
- Federal National Morgage Association
- Loan Documentation
- Commercial Banking
- Jumbo Loans
- BSA
- Loan Review
- Commercial Lending
- FHLMC
- Freddie Mac
- Loan Processing
- Tila Respa Integrated Disclosures
- VA Loans
- Calyx Point
- Fannie Mae
- Encompass
- Mortgage Processing
- Financial Services
- Loan Servicing
- USDA
- Service Standards
- Underwriting
- Appraisal
- General Ledger
- Customer Retention
- File Management
- Real Estate
- Closing
- Finance
- Accounting
- 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
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 »