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Assistant Mortgage Processor Jobs in Chicago, IL

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Mortgage Loan Officer

Chicago, IL

$32 - $39/hr

Mortgage Advisors have the opportunity to earn commission in addition to their base pay. In 2025 ... Oversee loan process by monitoring loan status and ensuring conformity with terms. * Assist in ...

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Assistant Mortgage Processor information

See Chicago, IL salary details

$13

$19

$30

How much do assistant mortgage processor jobs pay per hour?

As of Aug 12, 2026, the average hourly pay for assistant mortgage processor in Chicago, IL is $19.89, according to ZipRecruiter salary data. Most workers in this role earn between $17.36 and $21.06 per hour, depending on experience, location, and employer.

What are some common challenges faced by assistant mortgage processors, and how can they be addressed?

Assistant Mortgage Processors often encounter challenges such as managing tight deadlines, handling a high volume of documentation, and ensuring accuracy in loan files. These challenges can be addressed by developing strong organizational skills, maintaining clear communication with loan officers and underwriters, and utilizing digital tools to track document status. Staying proactive and detail-oriented helps minimize errors and keeps the mortgage process on track, contributing to a smooth experience for clients and team members.

What is the difference between Assistant Mortgage Processor vs Mortgage Processor?

AspectAssistant Mortgage ProcessorMortgage Processor
CredentialsHigh school diploma, some industry certificationsHigh school diploma, industry certifications preferred
Work EnvironmentOffice setting, supporting mortgage processing teamsOffice setting, managing mortgage applications independently
ResponsibilitiesAssists with document collection, data entry, and preliminary reviewsReviews applications, verifies documents, and approves loan files

The Assistant Mortgage Processor supports the Mortgage Processor by handling administrative tasks and preliminary reviews. The Mortgage Processor takes on more responsibility, including detailed application review and approval. Both roles require similar credentials and work environments, but the Mortgage Processor has a higher level of decision-making authority.

How do I become an assistant mortgage processor?

To become an assistant mortgage processor, candidates typically need a high school diploma or equivalent and should develop skills in data entry, customer service, and knowledge of mortgage documentation. Prior experience in banking or real estate can be beneficial, and familiarity with loan processing software is often required. On-the-job training is common, and some employers may prefer candidates with an understanding of mortgage regulations and procedures.

What does an assistant mortgage processor do?

An Assistant Mortgage Processor supports mortgage processors and loan officers by gathering, reviewing, and organizing loan application documents. They communicate with borrowers to collect necessary information, verify employment and credit details, and ensure all paperwork meets lender requirements. Their role is essential in streamlining the loan approval process and maintaining accurate records to help loans close on time.

What are the key skills and qualifications needed to thrive as an assistant mortgage processor, and why are they important?

To thrive as an Assistant Mortgage Processor, you need a keen eye for detail, strong organizational skills, and a basic understanding of mortgage lending procedures, often supported by a high school diploma or equivalent. Familiarity with loan origination software (LOS), document management systems, and sometimes industry certifications like NMLS are highly valuable. Excellent communication, time management, and problem-solving abilities help you coordinate between clients, loan officers, and underwriters efficiently. These skills are crucial for ensuring accurate, timely loan processing and maintaining compliance with regulatory standards.
What are the most commonly searched types of Mortgage Processor jobs in Chicago, IL? The most popular types of Mortgage Processor jobs in Chicago, IL are:
What are popular job titles related to Assistant Mortgage Processor jobs in Chicago, IL? For Assistant Mortgage Processor jobs in Chicago, IL, the most frequently searched job titles are:
What job categories do people searching Assistant Mortgage Processor jobs in Chicago, IL look for? The top searched job categories for Assistant Mortgage Processor jobs in Chicago, IL are:
What cities near Chicago, IL are hiring for Assistant Mortgage Processor jobs? Cities near Chicago, IL with the most Assistant Mortgage Processor job openings:
Assistant Mortgage Processor jobs near you

Commercial Mortgage Processor

Better Talent Advisors

Chicago, IL • On-site

$41K - $56K/yr

Other

PTO

Re-posted 24 days ago

Job description

Based in the Chicago area and doing business around the country, we are an established boutique mortgage brokerage firm specializing in commercial projects and ultra luxury properties. Our clientele are typically high networth individuals and investment groups. We are lean and mighty, and operate in a close-knit work environment. Due to expansion, we are looking for a bright and experienced Commercial Mortgage Processor to join our growing organization. We will invest in your development and provide a dynamic work environment where you're challenged, valued and empowered every day. We strive to be the best destination for the industry's top talent, creating a diverse, collaborative workplace that celebrates innovation and change. We are one team, working together to get things done.
Scope/ResponsibilitiesThe Mortgage Processor has limited contact with customers, frequent contact with loan officers, lending assistants, other departments, title companies, etc. The incumbent must be able to function efficiently and effectively under deadlines while maintaining a professional and mature demeanor. The Mortgage Processor must exercise independent judgment and decision-making in routine situations.
Essential Functions

  • Prepare loan documentation for all new loans, modifications, and renewals.
  • Review provided documents to ensure loan package is accurate (vehicle reports, flood, appraisal, title work, etc.) and that all documentation matches the credit approval.
  • Facilitate open communication with the lending staff throughout the entire loan process.
  • Process and respond to all incoming methods of communication.
  • Take necessary action to resolve deficiencies and escalate questions/concerns to appropriate level when needed.
  • Adapt to change in the work environment, manage competing demands and handle frequent changes.Perform all other duties as assigned.
  • Actively participates in the Customer Service First sales and service culture, supports the values of the Organization, and follows established Bank policies and procedures.
Experience & Qualifications
  • 3+ years professional experience as a Commercial Mortgage Processor
  • 3+ years in an environment focused on high net worth clientele and super jumbo loans
  • Bachelors Degree from an accredited 4 year University
  • Project Management experience and PMP preferred
  • Exceptional written and verbal communication including extensive, detail oriented, correspondences
  • Demonstrated ability to work on deadlines with great attention to detail.Proactive and independent with the ability to take initiative.
  • Excellent time management skills with a proven ability to meet deadlines.
  • The ability to think critically and find alternative solutions.
  • Proficient with or the ability to quickly learn loan processing software or other lending systems.
  • Proficient with Microsoft Office Suite or related software.
What's In It For You:
  • Competitive base salary and bonuses
  • Remote work with some need for in person meetings in the Chicago area
  • Generous benefits and PTO
  • Opportunity for an outsized impact in the company given our size and your key role in driving us forward. This is a fantastic opportunity for someone who is interested to learn the ins and outs of developing renewable energy projects!

About You:
For this key position, we are seeking a person who is a forward leaning self-starter that takes a high degree of ownership in their areas of responsibilities. A high level of organization and attention to detail is essential but it's not enough to understand what's going on - this role requires utilizing that knowledge and driving action.
So, if you are an experienced Commercial Mortgage Processor who is interested in joining a fast paced, tight-knit firm where your work will be visible, valued, and rewarded, please apply now as interviews are ongoing!

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