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Internship Loan Processor Jobs in Chicago, IL (NOW HIRING)

We work with ALL schools who have internship programs Once you become a licensed stylist: - Highest ... loan assistance - Hands-on technical training - Customized management training program ...

We work with ALL schools who have internship programs Once you become a licensed stylist: - Highest ... loan assistance - Hands-on technical training - Customized management training program ...

We work with ALL schools who have internship programs Once you become a licensed stylist: - Highest ... loan assistance - Hands-on technical training - Customized management training program ...

As of December 31, 2025, Pacific Life's mortgage loan investments totaled approximately $30 billion ... Prior commercial real estate debt underwriting experience (beyond internships) and knowledge of ...

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Internship Loan Processor information

See Chicago, IL salary details

$14

$21

$31

How much do internship loan processor jobs pay per hour?

As of Aug 17, 2026, the average hourly pay for internship loan processor in Chicago, IL is $21.94, according to ZipRecruiter salary data. Most workers in this role earn between $18.56 and $24.76 per hour, depending on experience, location, and employer.

What is an internship loan processor?

Internship loan processors are individuals, typically students or recent graduates, who work in a temporary position within a financial institution or mortgage company to support the loan application process. They assist with collecting, reviewing, and organizing customer documentation, verifying financial information, and ensuring loan files are complete and accurate. Internship loan processors work under the supervision of experienced loan officers or processors to gain hands-on experience in the lending industry, learn regulatory requirements, and understand the end-to-end loan processing workflow.

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

To thrive as an Internship Loan Processor, you need a basic understanding of financial principles, attention to detail, and at least a high school diploma or current enrollment in a related degree program. Familiarity with loan origination software, Microsoft Office Suite, and document management systems is typically required. Strong organizational skills, effective communication, and a willingness to learn are valuable soft skills in this role. These skills ensure accurate processing, regulatory compliance, and efficient teamwork within a fast-paced lending environment.

What is the difference between Internship Loan Processor vs Loan Processor?

AspectInternship Loan ProcessorLoan Processor
CredentialsTypically no formal credentials required; internship may require enrollment in related fieldHigh school diploma or equivalent; some roles prefer relevant certifications
Work EnvironmentInternship setting, often in banks or mortgage companies, with training focusFull-time professional environment in financial institutions
Employer & Industry UsageUsed as a training position within banks, credit unions, mortgage companiesEstablished role in mortgage, banking, and lending industries
Search & Comparison IntentOften searched by students or entry-level candidates exploring finance rolesCompared for career advancement or role clarification in lending

In summary, an Internship Loan Processor is an entry-level position designed for training and gaining experience, often without formal credentials. A Loan Processor is a full-time professional role requiring more experience and credentials, with greater responsibilities in the lending process.

What does an internship loan processor do?

As an Internship Loan Processor, you will typically assist with reviewing loan applications, verifying applicant information, and ensuring all required documentation is complete and accurate. You might also interact with customers or other team members to gather missing information and update loan files. This role offers valuable exposure to the loan approval process, compliance checks, and financial document handling. You'll often work closely with senior loan processors and underwriters, gaining insight into industry standards and best practices. The experience can provide a solid foundation for a future career in banking or financial services.

Is internship loan processing a stressful job?

Internship loan processing can be stressful due to tight deadlines, the need for accuracy, and managing multiple applications. It requires attention to detail, organizational skills, and often involves working with financial software and documentation, which can contribute to workload pressure.

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:

Internships - Full Time - Real Assets - Aegon AM (Jan. - Aug. 2027)

Aegon Asset Management

Chicago, IL โ€ข Hybrid

$20/hr

Full-time

Medical, Dental, Vision, Retirement, PTO

Posted 9 days ago


Job description

Job Description SummaryAegon Asset Management (Aegon AM) is a leading global investor. Our 350 investment professionals manage and advise on assets of US $384 billion for a global client base of pension plans, public funds, insurance companies, banks, wealth managers, family offices and foundations.
We organize our firm around four investment platforms: fixed income, real assets, equities and multi-asset & solutions, which includes a fiduciary and multi-manager business. Each investment platform has dedicated teams with deep asset-class expertise, organized globally and committed to maximizing client benefit from their specialist areas.
We are an international business: Our 1,125 employees work from 14 locations across Europe, the Americas and Asia. We share a common belief in fundamental, research-driven active management, underpinned by effective risk management and a commitment to responsible investment.
Internship Overview:
We are hiring as many as five (5) interns for a real estate internship, with the interns working out of either our Cedar Rapids, IA or Chicago, IL office and under a hybrid work model (combination of in-office and from home). Three (3) interns will work in the Real Assets Debt group and two (2) interns will work in the Real Assets Equity group. The internship requires a full time, 40-hour work week. The internship will begin in January 2027 and end in early to mid August 2027.
PLEASE NOTE: Those who have completed their undergraduate college education, or who will graduate prior to the conclusion of the internship, are ineligible for the internships.Job Description

Responsibilities:

REAL ASSETS DEBT:

The Intern will assist Loan Officers in the CML production department with the deployment of approximately $2 billion of capital into commercial real estate loans across the country. Tasks include valuation of commercial properties using a discounted cash flow analysis, market analysis, preparation of loan applications, and preparation of materials for loan committee presentations. Committee presentations include the identification of property and market risks and their mitigating factors, a summary of loan terms, location analysis, demographic information, photos, and aerials. Interns are also asked to participate in meetings and conference calls to communicate loan terms, negotiate applications, discuss market and borrower topics, and to observe Loan Committee presentations.

The Intern will assist Debt Asset Managers in the Real Assets Asset Management department in all facets of activities associated with special borrower requests and troubled loans. Tasks include the development of servicing action memos, lease reviews, development and implementation of loan workout strategies, discounted cash flow analysis, and numerous other activities necessary to properly manage a loan asset throughout its life cycle. In addition, they will assist in maintaining current information on loan management system and assist with the processing of annual property inspection reports, assist tax analysts by pulling tax bills for portfolio loans and assist valuation analysts in pulling and tracking borrower and property data.

REAL ASSETS EQUITY:

Support Asset Managers, Portfolio Managers, and Real Estate Analysts in managing a $4.5 billion low-income housing portfolio with projects located across the country. Tasks include analyzing and reviewing quarterly and annual financial statements, reviewing partnership and loan documents, consolidating data on new investments, preparing site inspection forms, and participating in discussions with developer partners on construction, leasing, and/or operational performance. Additional responsibilities include assisting the portfolio management team with investor due diligence and general portfolio management, supporting the reporting team by ensuring the accuracy of data in management systems and producing investor reporting, and participating in meetings to review investment opportunities, discuss approaches to manage risk, and develop strategies to manage investments.

Required Qualifications:

  • Must be currently enrolled full-time at a college or university pursuing a degree in Real Estate, Finance, Economics, Accounting, or similar field.

  • Internships are not available for students who have completed their undergraduate college education or who will graduate prior to the conclusion of the internship.

  • Strong written & verbal communications skills.

  • Ability to work independently and as part of a team.

  • Detail-oriented.

  • Reliable, dependable.

  • Working knowledge of Microsoft Word, PowerPoint, Excel.

Compensation:

**Please note that the compensation information that follows is a good faith estimate for this position only and is provided pursuant to applicable pay transparency and compensation posting laws. It is estimated based on what a successful candidate might be paid in certain Company locations.**

The hourly wage for this internship is $20 per hour.

What We Offer:

For eligible employees, we offer a comprehensive benefits package designed to support both the personal and financial well-being of our employees.

Benefits Package:

  • Pension Plan.

  • 401k Match.

  • Employee Stock Purchase Plan.

  • Tuition Reimbursement.

  • Disability Insurance.

  • Medical Insurance.

  • Dental Insurance.

  • Vision Insurance.

  • Employee Discounts.

  • Career Training & Development Opportunities.

Health and Work / Life Balance Benefits:

  • Paid Time Off starting at 160 hours annually for employees in their first year of service.

  • Ten (10) paid holidays per year (typically mirroring the New York Stock Exchange (NYSE) holidays).

  • Be Well Company holistic wellness program, which includes Wellness Coaching and Reward Dollars.

  • Parental Leave - fifteen (15) days of paid parental leave per calendar year to eligible employees with at least one year of service at the time of birth, placement of an adopted child, or placement of a foster care child.

  • Adoption Assistance.

  • Employee Assistance Program.

  • College Coach Program.

  • Back-Up Care Program.

  • PTO for Volunteer Hours.

  • Employee Matching Gifts Program.

  • Employee Resource Groups.

  • Inclusion and Diversity Programs.

  • Employee Recognition Program.

  • Referral Bonus Programs.

Job and compensation levels depend upon an applicant's qualifications including the extent of his/her relevant experience and other job related factors and will be determined by hiring supervisors/managers and HR.

At Aegon Asset Management, we are committed to fostering a diverse workforce and an inclusive culture. We are more than a global Asset Management firm - we are a people business, and we recognize that delivering excellent client outcomes comes from harnessing diverse perspectives. We value diversity in the full range of human uniqueness without limitation including race, gender, ability, language, culture, beliefs, age, origin, background, perspectives and experiences.

#LI-Hybrid

Why Work for Us

At Aegon Asset Management, we invest in You.

Our people are our greatest asset; with a competitive rewards program including incentive compensation, health and wellness benefits, retirement programs, and learning and development opportunities, our employees are engaged and empowered.ย  Come be a part of driving our success!

Equal Opportunity Employer:

AEGON USA Realty Advisors, LLC, is an Equal Employment Opportunity/ Affirmative Action Employer and does not discriminate against any applicant or employee because of age, religion, sex, gender identity, genetic information, race, color, national origin, pregnancy, sexual orientation, marital status, participation in the uniformed services (e.g. U.S. Armed Forces, National Guard), physical or mental disability, or any other status protected by federal, state, or local equal employment opportunities laws.
Applicants with physical or mental disabilities may be entitled to a form of reasonable accommodation under the Americans with Disabilities Act and certain state and local laws. A reasonable accommodation is a change in the way things are normally done which will insure equal employment opportunity without imposing undue hardship on the Aegon Companies. Please contact: applicantsupport@aegonusa.com if you are a job seeker with a disability, or are assisting someone with a disability, and require assistance to apply for one of our jobs.


Technical Assistance:

If you experience technical problems during the application process, please email applicantsupport@aegonusa.com.