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.

1-14 of 14 Jobs

Loan Operations Specialist

  • Columbia, IL
  • 15 days ago
  • Columbia, IL
  • 15 days ago

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...

Loan Processor (2065652)

  • Chicago, IL
  • 2 days ago
  • Chicago, IL
  • 2 days ago

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

  • Springfield, IL
  • 2 days ago
  • Springfield, IL
  • 2 days ago

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?...

Loan Processor III

  • IL
  • 5 days ago
  • IL
  • 5 days ago

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,...

Loan Processor

  • Chicago, IL
  • 6 days ago
  • Chicago, IL
  • 6 days ago

Minimum of 5 years residential mortgage processing experience. Experience with Encompass....

NMLS Certified Loan Processor

  • Peoria, IL
  • 7 days ago
  • Peoria, IL
  • 7 days ago

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....

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....

Booking Analyst, Loan Operations Specialist

  • Chicago, IL
  • 20 days ago
  • Chicago, IL
  • 20 days ago

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...

Commercial & Consumer Loan Processing Specialist

  • Mt Zion, IL
  • 22 days ago
  • Mt Zion, IL
  • 22 days ago

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....

Loan Operations Specialist

  • Springfield, IL
  • 29 days ago
  • Springfield, IL
  • 29 days ago

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...

Loan Processor

  • Chicago, IL
  • 30+ days ago
  • Chicago, IL
  • 30+ days ago

Technical Proficiency: Use loan processing software and systems efficiently. Problem-Solving Skills: Identify and resolve issues that arise during the loan processing stages....

Remote Work

Commercial Loan Documentation Specialist

  • Champaign, IL
  • 45+ days ago
  • Champaign, IL
  • 45+ days ago

Coaches and mentors Loan Processors and Loan Processor Specialist....

Demographic Data for Illinois

Moving to Illinois? Find some basic demographic data about Illinois below.


Local
National
12,812,477
319,486

Loan Processor Online Courses and Training Opportunities

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Loan Processing
Processing a loan can be a complex endeavor. The most common loans offered by mortgage lenders include conventional conforming, conventional nonconforming, FHA, VA, and subprime loans. For most...
Loan Processing: Verification
The second step of loan processing is verification. After the loan application is completed, it's turned over to the loan processor. They obtain the necessary information from the applicant and...
Loan Processing: Underwriting
Underwriting is the fourth step in processing a loan. It's what happens behind the scenes once you submit your application. It's one of the most critical steps, because the underwriter makes the...

Salary for Loan Processor Jobs in Illinois

Estimated salary range based on data from US Bureau of Labor Statistics (BLS) and iHireBanking research efforts.

Highest Education Level

Loan Processors in Illinois offer the following education background
Bachelor's Degree
35.6%
High School or GED
23.0%
Associate's Degree
14.8%
Vocational Degree or Certification
11.8%
Master's Degree
11.0%
Some College
2.4%
Doctorate Degree
0.9%
Some High School
0.5%

Average Work Experience
Here's a breakdown of the number of years' experience offered by Loan Processors in Illinois
2-4 years
30.6%
Less than 1 year
23.9%
6-8 years
13.6%
None
12.9%
4-6 years
12.3%
1-2 years
6.7%



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