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.
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...
Bilingual Mortgage Processor III- Cincinnati, Oh, Chicago, IL or Grand Rapids, MI
- Chicago, IL
- 1 day ago
- Chicago, IL
- 1 day 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 or Grand Rapids, MI
- Schiller Park, IL
- 1 day ago
- Schiller Park, IL
- 1 day ago
Evaluate loan documentation, calculate income, review assets, analyze liabilities, and clear conditions per delegated authority ensuring compliance and underwriting guidelines....
Job Description: Wire Operations requires assistance in day-to-day processing of wire payments, transfers and SWIFT messages in a high-pace and high-risk environment. Responsible for handling...
Bilingual Mortgage Processor III- Chicago, IL & Grand Rapids, MI
- Rosemont, IL
- 4 days ago
- Rosemont, IL
- 4 days ago
Evaluate loan documentation, calculate income, review assets, analyze liabilities, and clear conditions per delegated authority ensuring compliance and underwriting guidelines....
What You'll Do: - Managing Requests: You handle different loss mitigation requests coming from various sources. - Meeting Deadlines: You make sure everything is processed on time and follows...
for all aspects of Direct Loan and Alternative Loan processing....
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...
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....
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 Operations Specialist. Job in Edwardsville Gr8Jobs
- Edwardsville, IL
- 17 days ago
- Edwardsville, IL
- 17 days ago
lending teams and other loan operation associates Identify critical original documentation needed for preservation and loan maintenance and monitoring needed pursuant to loan documentation and other...
Loan Operations Specialist. Job in Fairview Heights Gr8Jobs
- Fairview Heights, IL
- 17 days ago
- Fairview Heights, IL
- 17 days ago
lending teams and other loan operation associates Identify critical original documentation needed for preservation and loan maintenance and monitoring needed pursuant to loan documentation and other...
Loan Operations Specialist. Job in Columbia Gr8Jobs
- Columbia, IL
- 17 days ago
- Columbia, IL
- 17 days ago
The role involves collaboration with third parties and internal departments to ensure exceptional customer service, as well as managing loan documentation, reconciliations, and escrow accounts....
Technical Proficiency: Use loan processing software and systems efficiently. Problem-Solving Skills: Identify and resolve issues that arise during the loan processing stages....
Remote WorkCoaches and mentors Loan Processors and Loan Processor Specialist....
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
- Federal National Morgage Association
- Mortgage Lending
- Jumbo Loans
- Consumer Lending
- Loan Documentation
- Lending
- Loan Origination
- Nationwide Mortgage Licensing System & Registry
- FHLMC
- Fannie Mae
- Loan Review
- BSA
- Freddie Mac
- Conventional Loans
- Commercial Lending
- Federal Housing Administration
- Loan Processing
- Tila Respa Integrated Disclosures
- VA Loans
- OFAC
- Mortgage Processing
- Loan Servicing
- USDA
- Financial Services
- Encompass
- Underwriting
- Fraud Investigation
- Appraisal
- Payment Processing
- General Ledger
- Problem Resolution
- Real Estate
- Closing
- Finance
- High School Diploma
- Prioritizing
- Quality Control
- Verbal Communication
- Written Communication
- Documentation
- Employee Development
- Filing
- Reporting
- Sales
- Regulations
- Multitasking
- Policy Development
- Microsoft Excel
- Microsoft Office
- Problem Solving
- Time Management
- Research Skills
- Staff Supervision
- Organization
- Customer Service
- Scheduling
- Computer Skills
- Communication Skills
Other Career Titles
Here are some other career titles that require similar skills
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