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Internship Loan Verification Jobs in Illinois (NOW HIRING)

The Scion Group

Corporate Accountant

Chicago, IL · On-site

... verification, and presentation of financial data for our corporate entities. This position is ... Maintain loan schedules as needed. * Prepare balance sheet account reconciliations and workpapers ...

The Scion Group

Corporate Accountant

Chicago, IL · On-site

... verification, and presentation of financial data for our corporate entities. This position is ... Maintain loan schedules as needed. * Prepare balance sheet account reconciliations and workpapers ...

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Internship Loan Verification information

What are the key skills and qualifications needed to thrive as an Internship Loan Verification specialist, and why are they important?

To thrive as an Internship Loan Verification specialist, you need attention to detail, basic knowledge of financial documentation, and a background in finance or accounting, often supported by coursework or a relevant degree in progress. Familiarity with loan origination systems, Microsoft Excel, and secure document management platforms is typically required. Strong organizational skills, effective communication, and a high level of integrity help you excel in this position. These competencies ensure accurate loan processing, compliance with regulations, and a trustworthy experience for clients and institutions.

What are the main challenges an intern may face in a Loan Verification role, and how can they overcome them?

Interns in Loan Verification often encounter challenges such as managing large volumes of documentation, ensuring accuracy under tight deadlines, and understanding complex regulatory requirements. To overcome these, it's important to develop strong organizational skills, pay close attention to detail, and proactively seek guidance from experienced team members. Building familiarity with loan processing software and regularly communicating with both borrowers and internal teams can also help interns work more efficiently and confidently in this role.

What is an Internship Loan Verification job?

An Internship Loan Verification job involves assisting in the review and verification of loan applications, documents, and information under the supervision of experienced staff. Interns in this role typically check applicants' financial records, ensure all required paperwork is complete, and help identify any discrepancies or missing information. This position provides hands-on experience in the financial and lending industry, helping interns develop skills in attention to detail, data analysis, and customer service. It's a great opportunity for students interested in finance, banking, or related fields to gain practical experience and learn about the loan approval process.

What is the difference between Internship Loan Verification vs Loan Verification Specialist?

AspectInternship Loan VerificationLoan Verification Specialist
CredentialsTypically requires basic education, sometimes a high school diploma or associate degreeRequires relevant certifications or experience in loan processing or verification
Work EnvironmentInternship setting, often in financial institutions or banksFull-time professional environment in lending or banking sectors
Employer & Industry UsageUsed for training and entry-level roles in financeUsed in financial institutions for verifying loan applications and documents
Search & Comparison IntentUnderstanding entry-level verification roles during internshipsProfessional verification roles in loan processing

Internship Loan Verification typically involves entry-level tasks during training periods, focusing on basic document checks. In contrast, Loan Verification Specialists are experienced professionals responsible for detailed loan validation, often requiring certifications. Both roles are essential in the lending industry but differ in experience level and responsibilities.

What are the most commonly searched types of Loan Verification jobs in Illinois? The most popular types of Loan Verification jobs in Illinois are:
What are popular job titles related to Internship Loan Verification jobs in Illinois? For Internship Loan Verification jobs in Illinois, the most frequently searched job titles are:
What job categories do people searching Internship Loan Verification jobs in Illinois look for? The top searched job categories for Internship Loan Verification jobs in Illinois are:
What cities in Illinois are hiring for Internship Loan Verification jobs? Cities in Illinois with the most Internship Loan Verification job openings:
Internship Loan Verification jobs near you
Summer 2026 Intern- PhD Economic Research

Summer 2026 Intern- PhD Economic Research

Federal Reserve System

Chicago, IL • On-site

$20 - $33/hr

Full-time

Posted 16 days ago

Job description

Company
Federal Reserve Bank of Chicago
The Federal Reserve Bank of Chicago is recognized as one of the most influential, trusted and prestigious financial institutions in the world. We serve the Seventh District encompassing Iowa and most of Illinois, Indiana, Michigan, and Wisconsin, and is one of the 12 regional Reserve Banks in the United States. Together with the Board of Governors in Washington, D.C., the 12 Banks constitute the nation's central bank.
INTERNSHIP PROGRAM DETAILS:
The Chicago Fed's Research Department sponsors a summer internship program for Ph.D. students to enable participants to conduct research, present results, and engage with experienced economists.
The Research Department seeks qualified candidates for summer 2026 internship positions. Ph.D. students in macroeconomics, applied microeconomics, or financial economics who are actively working on their dissertation are encouraged to apply.
The program is designed to provide students with the opportunity to advance their research project and participate in the intellectual life of the Department. Interns will be mentored by experienced economists on their research as well as on a variety of potential career concerns. They will also have the opportunity to present their work in our seminar series and interact with staff and visiting economists.
Interns are hosted for up to twelve weeks, beginning the 2nd week of June, and receive compensation during the program. Interns are expected to report in person, full time.
Please note that all program participants must be authorized to legally work in the United States. Applicants who are not currently authorized to work in the United States must make arrangements independently to obtain the necessary work permissions to be able to participate in the program. The Chicago Fed does not sponsor visas nor work permits for this position.
HOW TO APPLY:
In addition to filling out the basic Workday application, please upload the following attachments when prompted to include a resume:
  • a CV, ideally with links to available research papers (please do not send papers as attachments)
  • a one-page description of the research project you will be working on during the summer
  • a copy of your graduate transcript (unofficial copy is acceptable)
  • one letter of reference from an advisor (sent by the advisor to dawn.cox@chi.frb.org)

The application deadline is February 6th, 2026.
OTHER THINGS TO KNOW:
Salary Range: The anticipated hourly compensation range for this internship is $20 to $33, with the specific rate offered determined by factors including, but not limited to, the candidate's academic level and relevant experience.
ADDITIONAL REQUIREMENTS:
  • Applicants must be currently authorized to work in the United States without the need for visa sponsorship now or in the future.
  • As a condition of employment, Federal Reserve Bank of Chicago employees must comply with the Bank's ethics rules, which generally prohibit employees, their spouses/domestic partners, and minor children from owning securities, such as stock, of banks or savings associations or their affiliates, such as bank holding companies and savings and loan holding companies. If you or your spouse/domestic partner or minor child own such securities and would not be willing or able to divest them if you accepted an offer of Bank employment, you should raise this issue with the recruiter for this posting, who can provide you contact information for our ethics official if necessary.
  • This document indicates the general nature and level of work performed by employees within this position. It is not a comprehensive inventory of all duties, responsibilities, and qualifications required of employees assigned to this job. An employee's responsibilities, tasks, and duties might differ from those outlined in the job description, and other duties, as assigned, are a part of the job. The Federal Reserve Bank of Chicago reserves the right to modify the elements of this job description, as business needs require.

We are committed to equal employment opportunity regardless of race, color, ancestry, religion, sex, national origin, sexual orientation, age, marital status, disability, gender, gender identity or expression, or veteran status.
Full Time / Part Time
Full time
Regular / Temporary
Temporary
Job Exempt (Yes / No)
No
Job Category
Internship Family Group
Work Shift
First (United States of America)
The Federal Reserve Banks are committed to equal employment opportunity for employees and job applicants in compliance with applicable law and to an environment where employees are valued for their differences.
Always verify and apply to jobs on Federal Reserve System Careers (https://rb.wd5.myworkdayjobs.com/FRS) or through verified Federal Reserve Bank social media channels.
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