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Assistant Mortgage Processor Jobs in Chicago, IL

Team One Credit Union

Mortgage Loan Originator

Chicago, IL · On-site

$60 - $90/hr

... * Assist with departmental compliance, ensuring consistency by adhering to policies and procedures ... Manage loans in pipeline from origination to closing, ensure processor has all required ...

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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 Sep 3, 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 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 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.

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 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
Infographic showing various Assistant Mortgage Processor job openings in Chicago, IL as of August 2026, with employment types broken down into 1% As Needed, 72% Full Time, 24% Part Time, 1% Temporary, and 2% Contract. Highlights an 98% Physical, 1% Hybrid, and 1% Remote job distribution, with an average salary of $41,378 per year, or $19.9 per hour.

Mortgage Loan Originator

Team One Credit Union

Chicago, IL • On-site

$60 - $90/hr

Other

Posted 2 days ago

New

Job description

Team One Credit Union is seeking a Mortgage Loan Originator in the Traverse City area. In this position, the candidate is responsible for generating and maintaining external mortgage business from various referral sources such as realtors and educating them about the features and benefits of Team One Mortgage Financing.

Key Responsibilities
  • Generate and maintain external mortgage business from various referral sources, such as realtors.
  • Maintain active call schedule for the purposes of educating targeted business sources regarding the features and benefits of Team One Mortgage Financing.
  • Maintain awareness of competitors’ rates and make product/program recommendations as needed to enhance market share.
  • Adhere to all credit and documentation requirements as directed by the Credit Union, its investors, and regulatory agencies.
  • Possess proficient knowledge of Secondary Market Underwriting Guidelines and requirements for private mortgage insurance.
  • Demonstrate knowledge of government loan products available through Neighborhood Mortgage Solutions.
  • Provide training support and mentoring for other staff, conduct product training for branch staff as necessary.
  • Assist with departmental compliance, ensuring consistency by adhering to policies and procedures.
  • Manage loans in pipeline from origination to closing, ensure processor has all required documentation, and keep the member informed on the status of application.
  • Coordinate and attend mortgage closings at title company.
  • Demonstrate Proficient knowledge of Fannie Mae Underwriting Guidelines and requirements for private mortgage insurance.
  • Promote and demonstrate all ACH and electronic services, including e‑sign and electronic loan payments.
  • Nurture member relationships to achieve success as the member’s primary financial institution.
  • Maintain communication with all staff and demonstrate the ability to work in a team environment.
  • Identify member needs and support the sales process by being proactive in referring products and services.
Qualifications
  • Two‑year degree in finance or equivalent.
  • 3+ years of mortgage, sales, or other relevant experience.
  • Knowledge of financial products and regulations.
  • Ability to explain mortgage options clearly and build client trust.
  • Competency in calculating income, debt ratios, and loan terms.
  • High level of trustworthiness
Preferred Skills
  • Knowledge of the real estate market.
  • Certified Mortgage Advisor (CMA) or other industry credentials.

Starting wage will be dependent upon multiple factors including skills and experience

Benefits
  • Competitive salary and benefits package.
  • Opportunity to make a significant impact on the growth and success of the institution.
  • Collaborative and inclusive work environment.

Team One Credit Union is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees.

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