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Entry Level Loan Processor Jobs in Chicago, IL (NOW HIRING)

DR Horton

Loan Processor

Schaumburg, IL · On-site

$55K - $63K/yr

... the entry-level and first time move-up markets. The Company also provides mortgage financing and ... Horton, Inc. is currently looking for a Loan Processor in the Branch Department. The right ...

DR Horton, Inc.

Loan Processor

Schaumburg, IL · On-site

$55K - $63K/yr

... the entry-level and first time move-up markets. The Company also provides mortgage financing and ... Horton, Inc. is currently looking for a Loan Processor in the Branch Department. The right ...

D.R. Horton, Inc

Loan Processor

Schaumburg, IL · On-site

$55K - $63K/yr

... the entry-level and first time move-up markets. The Company also provides mortgage financing and ... Horton, Inc. is currently looking for a Loan Processor in the Branch Department. The right ...

DHI Mortgage

Loan Processor

Schaumburg, IL

$55K - $63K/yr

... the entry-level and first time move-up markets. The Company also provides mortgage financing and ... Horton, Inc. is currently looking for a Loan Processor in the Branch Department. The right ...

DR Horton, Inc.

Mortgage Mastery Trainee

Schaumburg, IL · On-site

... the entry-level and first time move-up markets. The Company also provides mortgage financing and ... Review Loan Processor reports daily. * Maintain accurate communication log and update LOS comments.

OneMain Financial

Personal Loan Consultant

Chicago, IL

$18 - $22/hr

Develop new connections and maintain ones by engaging customers throughout the loan process and ... Entry level, Financial Sales, Management Development, Management Trainee, Finance, Full-time, ...

OneMain Financial

Personal Loan Consultant

Chicago, IL

$18 - $22/hr

Develop new connections and maintain ones by engaging customers throughout the loan process and ... Entry level, Financial Sales, Management Development, Management Trainee, Finance, Full-time, ...

OneMain Financial

Personal Loan Consultant

Schaumburg, IL · On-site

$18 - $22/hr

Develop new connections and maintain ones by engaging customers throughout the loan process and ... Entry level, Financial Sales, Management Development, Management Trainee, Finance, Full-time, ...

OneMain Financial

Loan Sales Specialist

Schaumburg, IL · On-site

$18 - $22/hr

Develop new connections and maintain ones by engaging customers throughout the loan process and ... Entry level, Financial Sales, Management Development, Management Trainee, Finance, Full-time, ...

OneMain Financial

Loan Sales Specialist

Roselle, IL · On-site

$18 - $22/hr

Develop newconnections andmaintainonesby engagingcustomers throughout the loan process and life ... Entry level, Financial Sales, Management Development, Management Trainee, Finance, Full-time, ...

OneMain Financial

Loan Sales Specialist

Libertyville, IL · On-site

$18 - $22/hr

Develop newconnections andmaintainonesby engagingcustomers throughout the loan process and life ... Entry level, Financial Sales, Management Development, Management Trainee, Finance, Full-time, ...

OneMain Financial

Loan Sales Specialist

Chicago, IL · On-site

$18 - $22/hr

Develop newconnections andmaintainonesby engagingcustomers throughout the loan process and life ... Entry level, Financial Sales, Management Development, Management Trainee, Finance, Full-time, ...

OneMain Financial

Loan Sales Specialist

Roselle, IL · On-site

$18 - $22/hr

Develop new connections and maintain ones by engaging customers throughout the loan process and ... Entry level, Financial Sales, Management Development, Management Trainee, Finance, Full-time, ...

OneMain Financial

Loan Sales Specialist

Libertyville, IL · On-site

$18 - $22/hr

Develop new connections and maintain ones by engaging customers throughout the loan process and ... Entry level, Financial Sales, Management Development, Management Trainee, Finance, Full-time, ...

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All JobsLoan Processor JobsEntry Level Loan Processor JobsEntry Level Loan Processor Jobs in Chicago, IL

Entry Level Loan Processor information

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How much do entry level loan processor jobs pay per hour?

As of Jul 27, 2026, the average hourly pay for entry level loan processor in Chicago, IL is $21.96, according to ZipRecruiter salary data. Most workers in this role earn between $18.61 and $24.76 per hour, depending on experience, location, and employer.

What is an Entry Level Loan Processor job?

An Entry Level Loan Processor is responsible for assisting in the loan application process by reviewing and verifying financial documents, ensuring accuracy, and preparing files for underwriting. They communicate with borrowers, lenders, and other parties to gather necessary information. This role requires attention to detail, organizational skills, and knowledge of loan procedures. It is a great starting position for those interested in the mortgage or banking industry.

Will MLO be replaced by AI?

As an entry-level loan processor, the role involves reviewing loan documents and data entry, tasks that AI can assist with but not fully replace. AI tools are increasingly used to automate routine tasks, but human oversight remains essential for compliance and customer interaction in loan processing. Developing skills in software and data management can enhance job effectiveness as technology evolves.

What are the key skills and qualifications needed to thrive in the Entry Level Loan Processor position, and why are they important?

To thrive as an Entry Level Loan Processor, you need strong organizational skills, attention to detail, basic knowledge of loan documentation, and typically a high school diploma or equivalent. Familiarity with loan origination software, spreadsheet applications, and document management systems is commonly required. Excellent communication, customer service, and time management skills help you excel in interactions with clients and team members. These abilities ensure you can accurately process loan files, meet deadlines, and support efficient loan approvals in a fast-paced environment.

How much does a loan officer make on a $500,000 loan?

A loan officer typically earns a commission or fee based on the loan amount, often around 1% to 2%, which would be $5,000 to $10,000 for a $500,000 loan. The exact earnings depend on the lender's compensation structure, the loan type, and the officer's experience. Entry-level loan processors may not directly earn commissions but can assist in processing such loans as part of their role.

How to get experience as a loan processor?

Entry level loan processors typically gain experience through internships, entry-level administrative roles, or training programs in banking or mortgage companies. Developing skills in data entry, customer service, and familiarity with loan processing software can also help build relevant experience.

What does a typical day look like for an Entry Level Loan Processor?

A typical day for an Entry Level Loan Processor involves reviewing and verifying loan application documents, communicating with applicants to request missing information, and collaborating with underwriters and other team members to ensure files move smoothly through the approval process. You may spend time entering data into loan processing systems, responding to status inquiries, and keeping detailed records to maintain compliance. The workday is usually structured in an office or hybrid environment, often involving both independent tasks and teamwork. This role offers great exposure to the finance industry and can lead to advancement opportunities in underwriting, loan consulting, or branch management.

Is it hard to become a loan processor?

Becoming an entry-level loan processor typically requires a high school diploma or equivalent and strong organizational and communication skills. Many employers provide on-the-job training, and some roles may prefer familiarity with loan processing software or basic financial knowledge, but formal certifications are not usually mandatory.
What are the most commonly searched types of Loan Processor jobs in Chicago, IL? The most popular types of Loan Processor jobs in Chicago, IL are:
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What cities near Chicago, IL are hiring for Entry Level Loan Processor jobs? Cities near Chicago, IL with the most Entry Level Loan Processor job openings:
Entry Level Loan Processor jobs near you
Infographic showing various Entry Level Loan Processor job openings in Chicago, IL as of July 2026, with employment types broken down into 100% Full Time. Highlights an 94% In-person, and 6% Remote job distribution, with an average salary of $45,680 per year, or $22 per hour.
Loan Processor

Loan Processor

DR Horton

Schaumburg, IL • On-site

$55K - $63K/yr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 10 days ago

D.R. Horton rating

7.4

Company rating: 7.4 out of 10

Based on 34 frontline employees who took The Breakroom Quiz

36th of 80 rated construction

Job description

D.R. Horton, Inc., the largest homebuilder in the U.S., was founded in 1978 and is a publicly traded company on the New York Stock Exchange. It is engaged in the construction and sale of high quality homes designed principally for the entry-level and first time move-up markets. The Company also provides mortgage financing and title services for homebuyers through its mortgage and title subsidiaries. Please visit our website at www.drhorton.com for more information.
D.R. Horton, Inc. is currently looking for a Loan Processorin the Branch Department. The right candidate will process mortgage loans and provide a high level of customer service to our builders as well as our home buyers. Annual Salary Range is $55,000 to $63,000.
Essential Duties and Responsibilities
  • Oversee the receipt of a file from a Loan Officer through Final Approval
  • Review the file for correct stacking order, AU findings for initial determination, and appropriate documentation. Input any changes into the computer systems and re-run for a correct AU determination. Provide the status of a file to all parties
  • Submit all files to a DHI Underwriter at your Regional Underwriting Center, and review conditions when received from underwriting. When all conditions are received, make any changes necessary to the computer system and resubmit to the AU system
  • Read updates and comply with all Quality Control policies, attending QC meetings as scheduled. Review all files for DHI Mortgage required checklists, and respond to all QC write-ups within 10 calendar days
  • Review Loan Processor, Project to Close, and Timeline Exception reports daily. The Loans in Process Report should be reviewed on a weekly basis
  • Review the Loan Officer's "needs list"
  • Maintain an accurate communication log
  • Attend weekly processor meetings as directed by the Branch Manager
  • Reconcile the Fee Summary Sheet
  • Additional duties as assigned
  • Conduct all business in a professional and ethical manner to serve customers and increase the goodwill and profit of the company

Qualifications
Education and/or Experience
  • One-year certificate from college or technical school
  • Three to six months of related experience and/or training
  • Ability to apply common sense understanding to carry out instructions furnished in written oral form or via DRH applications
  • Proficiency with MS Office and email

Preferred Qualifications
  • Strong written communication skills and attention to detail
  • Ability to accurately and efficiently process and record large amounts of data

Come join a winning team with a Fortune 500 company! We are growing fast and are looking for enthusiastic attitudes and team players to join our success. We offer an excellent benefits package including:
  • Medical, Dental and Vision
  • 401(K)
  • Employee Stock Purchase Plan
  • Flex Spending Accounts
  • Life & Disability Insurance
  • Vacation, Sick, Personal Time and Company Holidays
  • Multiple Voluntary and Company provided Benefits

Build YOUR future with D.R. Horton, America's Builder. #WeBuildPeopleToo

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