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

Staff Accountant

Chicago, IL ยท On-site

$60K - $70K/yr

  • Medical

  • Dental

  • Vision

  • Life

... process, monthly and year end close support, and participation in the implementation of sound ... Records Monthly Loan payments and prepares schedules. * Records patient revenue from Athena and ...

Staff Accountant

Lombard, IL ยท On-site

$70K - $80K/yr

  • Medical

  • Dental

  • Vision

  • Retirement

  • PTO

Fiserv Prologue (ERP) * Encompass (Loan Operating System) * Excel * Power BI Required ... Experience using Power BI Interview Process * Virtual Interview * Final Onsite Interview If you're ...

Showing results 41-60

Entry Level Loan Processor information

See Chicago, IL salary details

$14

$21

$31

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

As of Aug 17, 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.

Is an entry level loan processor a difficult job?

An entry level loan processor role involves reviewing financial documents, verifying information, and ensuring accuracy, which requires attention to detail and basic knowledge of loan procedures. The job can be straightforward for those with strong organizational skills and familiarity with loan software, but it may become challenging during high workload periods or complex cases.

What is an entry level loan processor?

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.

What are the key skills and qualifications needed to thrive as an entry level loan processor?

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.

What qualifications do I need to be an entry level loan processor?

Entry level loan processors typically need a high school diploma or equivalent, strong attention to detail, and good organizational skills. Familiarity with loan processing software and basic math skills are also beneficial, and some employers may prefer prior customer service experience or knowledge of financial documents.

What does an entry level loan processor do?

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.

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:

What are popular job titles related to Entry Level Loan Processor jobs in Chicago, IL?

For Entry Level Loan Processor jobs in Chicago, IL, the most frequently searched job titles are:

What job categories do people searching Entry Level Loan Processor jobs in Chicago, IL look for?

The top searched job categories for Entry Level Loan Processor jobs in Chicago, IL are:

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:

Infographic showing various Entry Level Loan Processor job openings in Chicago, IL as of July 2026, with employment types broken down into 1% As Needed, 81% Full Time, 16% Part Time, and 2% Contract. Highlights an 94% Physical, 2% Hybrid, and 4% Remote job distribution, with an average salary of $45,678 per year, or $22 per hour.

Retirement Plan Associate

Miller Cooper & Co., Ltd.

Chicago, IL โ€ข On-site, Remote

$23.50/hr

Full-time

Re-posted 16 days ago


Job description

Retirement Plan Associate (Entry Level)Alliance Pension Consultants, LLC

Hybrid | Full-Time

What You Will Be Doing:

The Retirement Plan Associate is responsible for processing client-provided files, including census updates, employee contributions and loan payments.ย  Additional duties include distribution processing, loan initiation, statement production, data entry and preparation, assembly of reports and administrator support.ย  This entrylevel role is ideal for someone looking to start a career in the retirement plan industry.

In this role, you will collaborate with internal teams on the day-to-day maintenance of retirement plans. Youโ€™ll learn retirement plan procedures, payroll processing and withdrawal processing.

Key Responsibilities:Payroll Processing
  • Processing client-provided data files.
  • Process and allocate deposits pursuant to participant elections.
  • Verify that payroll file matches deposit amounts received.
  • Monitor trust accounts for timely receipt of deposits.
Withdrawal/Loan Requests
  • Confirm withdrawal type requested is available to the participant.
  • Review received paperwork for completeness.
  • Verify proper state and federal withholding is applied.
  • Request payment timely.
  • Prepare and review loan packages.
Ongoing Administrator Support
  • Assist with quarterly participant statement production.
  • Reconcile employee census data.
  • Reconcile trust cash accounts.
  • Gather documentation for plan audits.
Our Ideal Candidate Has:Education
  • Bachelorโ€™s degree is required. (Business, Finance, Economics, Math, or related fields are a plus.)
Skills
  • Ability to work in a team environment.
  • Proficiency in Microsoft Excel (basic formulas, spreadsheet navigation).
  • Strong verbal and written communication skills.
  • High attention to detail and accuracy.
  • Ability to manage multiple tasks and deadlines.
  • Curiosity, eagerness to learn, and comfort working in a fast-paced environment.
Additional Information
  • Salary Range: $23.50ย per hour
    Final compensation depends on experience, education, skills, and internal equity.
  • Location: Primarily remote with occasional onsite requirements at office locations including Chicago, Deerfield and Downers Grove, IL.
  • Training: Full training provided with opportunities for growth into Plan Administration roles.