Loan Processor Jobs in Skokie, IL

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.

1-7 of 7 Jobs

Booking Analyst, Loan Operations Specialist

  • Chicago, IL (9 miles from Skokie, IL)
  • 2 days ago
  • Chicago, IL (9 miles from Skokie, IL)
  • 2 days ago

How You'll Succeed Loan Documentation - Interpreting and understanding loan documents such as note or credit agreements for new, renewed and modified loans....

Loan Processor

  • Chicago, IL (9 miles from Skokie, IL)
  • 4 days ago
  • Chicago, IL (9 miles from Skokie, IL)
  • 4 days ago

The ideal candidate will be a seasoned Loan Processor with recent experience in a retail lending environment....

Bilingual Mortgage Loan Processor - Spanish

  • Chicago, IL (9 miles from Skokie, IL)
  • 17 days ago
  • Chicago, IL (9 miles from Skokie, IL)
  • 17 days ago

Guaranteed Rate is currently seeking a hard-working, dedicated Bilingual (Spanish) Loan Coordinator (Loan Processor) to join our innovative and passionate team....

Loan Origination Specialist

  • Lake Forest, IL (15 miles from Skokie, IL)
  • 25 days ago
  • Lake Forest, IL (15 miles from Skokie, IL)
  • 25 days ago

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...

Loan Processor (2065652)

  • Chicago, IL (9 miles from Skokie, IL)
  • 28 days ago
  • Chicago, IL (9 miles from Skokie, IL)
  • 28 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...

Loan Processor

  • Chicago, IL (9 miles from Skokie, IL)
  • 30+ days ago
  • Chicago, IL (9 miles from Skokie, IL)
  • 30+ days ago

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

Bilingual Mortgage Processor III- Cincinnati, Oh, Chicago, IL or Grand Rapids, MI

  • Chicago, IL (9 miles from Skokie, IL)
  • 30+ days ago
  • Chicago, IL (9 miles from Skokie, IL)
  • 30+ days ago

Evaluate loan documentation, calculate income, review assets, analyze liabilities, and clear conditions per delegated authority ensuring compliance and underwriting guidelines....

Demographic Data for Skokie, IL

Moving to Skokie, IL? Find some basic demographic data about Skokie, IL below.


Local
National
63,151
2,448
Medium

Loan Processor Online Courses and Training Opportunities

iHireBanking curates thousands of courses in order to recommend the best ones to help further your career. If you register for a course using the links on our site, we may receive a small commission.
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: The Decision
So far, in our series on loan processing, we've covered taking the application, verifying that data, compliance regulations, and underwriting the loan. For the final step, we're going to talk...
Construction Loan-in-process
Learn the fundamentals of accounting for construction loans, focusing on the Loan-in-Process (LIP) account. This course is ideal for professionals in lending, finance, or accounting who work with...

Salary for Loan Processor Jobs in Skokie, IL

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

Highest Education Level

Loan Processors in Skokie, IL 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 Skokie, IL
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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