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Junior Loan Processor Jobs in Bridgeview, IL (NOW HIRING)

Belmont Bank & Trust Company

Loan Processor

Chicago, IL · On-site

$60K - $75K/yr

The Loan Processor's primary responsibility is to assist loan officers with bringing approved loans to funding by working closely with loan applicants and third parties, such as appraisers, title ...

Belmont Bank & Trust Company

Loan Processor

Chicago, IL · On-site

$60K - $75K/yr

The Loan Processor's primary responsibility is to assist loan officers with bringing approved loans to funding by working closely with loan applicants and third parties, such as appraisers, title ...

Lakeside Bank

Mortgage Loan Processer/Closer

Oak Brook, IL · On-site

$19 - $28/hr

Processing Responsibilities: · Review loan application packages for completeness and accuracy, reconciling application information against system input and confirming individual data fields. Perform ...

Lakeside Bank

Mortgage Loan Processer/Closer

Oak Brook, IL · On-site

$19 - $28/hr

Processing Responsibilities: * Review loan application packages for completeness and accuracy, reconciling application information against system input and confirming individual data fields. Perform ...

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All JobsLoan Processor JobsJunior Loan Processor JobsJunior Loan Processor Jobs in Bridgeview, IL

Junior Loan Processor information

See Bridgeview, IL salary details

$33.7K

$37.1K

$39.3K

How much do junior loan processor jobs pay per year?

As of Sep 3, 2026, the average yearly pay for junior loan processor in Bridgeview, IL is $37,099.00, according to ZipRecruiter salary data. Most workers in this role earn between $36,800.00 and $36,800.00 per year, depending on experience, location, and employer.

What does a junior loan processor do?

A Junior Loan Processor assists in the preparation, review, and processing of loan applications. They gather and verify financial documents from borrowers, ensure all necessary paperwork is complete, and work closely with loan officers and underwriters to move applications through each stage of approval. Their responsibilities also include maintaining accurate records, communicating with clients about missing information, and helping resolve any issues that may delay the process. This role is often an entry point into the mortgage or banking industry, providing valuable experience in loan operations.

What are the key skills and qualifications needed to thrive as a junior loan processor?

To thrive as a Junior Loan Processor, you need a solid understanding of financial documentation, attention to detail, and basic knowledge of mortgage or loan processes, typically supported by a high school diploma or relevant coursework. Familiarity with loan origination systems (LOS), document management software, and compliance guidelines is often required. Strong organizational skills, effective communication, and the ability to multitask set top performers apart in this role. These abilities are crucial for ensuring accurate, efficient loan processing and maintaining regulatory compliance in a fast-paced lending environment.

What are some common challenges faced by junior loan processors, and how can they be overcome?

Junior Loan Processors often encounter challenges such as managing multiple loan files simultaneously, keeping up with frequent regulation changes, and ensuring accurate documentation. These challenges can be overcome by developing strong organizational skills, seeking mentorship from senior processors, and staying updated on lending guidelines through regular training. Building effective communication with loan officers, underwriters, and clients also helps streamline the process and reduces errors.

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

AspectJunior Loan ProcessorLoan Processor
CredentialsHigh school diploma, some financial or banking certificationsHigh school diploma, relevant certifications preferred
ExperienceEntry-level, limited experienceModerate experience in loan processing
Work EnvironmentSupportive, training-focused teamMore independent, responsible for full loan processing
ResponsibilitiesAssist with document collection, data entry, initial reviewVerify documents, prepare loan files, communicate with clients

The main difference between a Junior Loan Processor and a Loan Processor is experience and responsibility level. Junior Loan Processors typically handle entry-level tasks and require less experience, often working under supervision. Loan Processors have more independence, handle complex tasks, and have a deeper understanding of loan procedures. Both roles are essential in the loan processing workflow, with the Junior role serving as a stepping stone to more advanced positions.

How much does a junior loan processor make?

A junior loan processor typically earns between $35,000 and $50,000 annually, depending on experience, location, and employer. Entry-level roles may start at the lower end of this range, with opportunities for advancement as skills and certifications develop.

Is a junior loan processor a difficult job?

A junior loan processor's job involves reviewing loan applications, verifying information, and ensuring compliance with lending policies, which requires attention to detail and organizational skills. While it can be challenging due to the need for accuracy and handling multiple tasks, it is generally considered an entry-level position with manageable complexity for those with basic financial knowledge and good communication skills.

What are the most commonly searched types of Loan Processor jobs in Bridgeview, IL?

The most popular types of Loan Processor jobs in Bridgeview, IL are:

What are popular job titles related to Junior Loan Processor jobs in Bridgeview, IL?

For Junior Loan Processor jobs in Bridgeview, IL, the most frequently searched job titles are:

What job categories do people searching Junior Loan Processor jobs in Bridgeview, IL look for?

The top searched job categories for Junior Loan Processor jobs in Bridgeview, IL are:

What cities near Bridgeview, IL are hiring for Junior Loan Processor jobs?

Cities near Bridgeview, IL with the most Junior Loan Processor job openings:

Junior Loan Processor jobs near you
Infographic showing various Junior Loan Processor job openings in Bridgeview, IL as of August 2026, with employment types broken down into 1% As Needed, 83% Full Time, 12% Part Time, and 4% Contract. Highlights an 95% Physical, 2% Hybrid, and 3% Remote job distribution, with an average salary of $37,099 per year, or $17.8 per hour.

Loan Processor

Belmont Bank & Trust Company

Chicago, IL • On-site

$60K - $75K/yr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Re-posted 12 days ago

Job description

Belmont Bank & Trust is seeking an experienced Commercial Loan Processor to join our team.  The successful candidate must have a strong understanding of loan processing, excellent organizational skills, and the ability to manage multiple loan files while ensuring accuracy, regulatory compliance, and exceptional customer service. 

Eligible employees will receive medical, dental, and vision insurance, paid time off, paid holidays, retirement savings plans with 6% employer contributions, life and disability insurance, tuition assistance, and professional development opportunities. 


Summary:

The Loan Processor’s primary responsibility is to assist loan officers with bringing approved loans to funding by working closely with loan applicants and third parties, such as appraisers, title companies and attorneys. The Loan Processor ensures the completeness of the loan file and prepares preliminary, closing and renewal loan documents in accordance with the approved terms, bank’s policies, and in compliance with federal and state regulations. The individual often works with little supervision and engages in judgment calls and decision-making.


Essential Duties and Responsibilities:

This position is responsible for, but not limited to, the following:

  • drafting loan documents using LaserPro® software in accordance with the approved terms and policies, and in compliance with federal and state regulations; 
  • scheduling and coordinating closings; 
  • carrying out closings either on-site or at a client’s location and submitting documents from said closings to title companies for recording and final title insurance policy;
  • funding of loans via wire, check or disbursement into client’s depository account and approving final disbursement with escrow agents; 
  • ensuring that funded loan files are complete and ready for booking onto bank’s loan accounting system;
  • requesting title searches, title policy commitments, UCC searches, insurance certificates, articles of organization, operating agreements, trust agreements, corporate by-laws and legal opinions;
  • analyzing documentation requested above to ensure bank’s collateral position can be perfected;
  • analyzing general liability, hazard and flood insurance certificates to ensure adequate coverage;
  • running OFAC checks and collecting information in accordance with Bank Secrecy Act;
  • post-funding tracking and review of documents perfecting the collateral. 


Qualifications:

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required.

Education/Experience:

High school diploma or equivalent is necessary. Minimum two years of loan closing/documentation or related experience is required. Experience with LaserPro® or similar loan documentation software is preferred.


Language Ability:

Strong written and verbal skills are necessary. Candidate must be people-friendly with good communicative and interpersonal skills. The individual must be able to respond to inquiries from and be able to coordinate between multiple parties. 

 

Math Ability:

The Loan Processor should be able to calculate interest accrued, pay-off amounts, penalties and percentages, balance closing statements, and apply basic accounting principles as necessary.

 

Reasoning Ability:

The ability to solve practical problems with many variables, often in situations where only limited standardization exists, is necessary. The Loan Processor must deal with an array of inquiries from other lending personnel, clients, escrow agents, and attorneys. The candidate must read, analyze, and interpret a variety of loan documents, legal entity organizational documents, title and insurance policies, and bank’s internal policies and procedures.

 

Computer Skills:

Strong PC skills including word processing, spreadsheet, presentation, internet, and internal software are necessary. LaserPro or other loan documentation software experience is preferred.

 

Certificates and Licenses:

None are necessary.

 

Supervisory Responsibilities:

No supervisory responsibilities are associated with this position.

 

Work Environment:

The work environment characteristics described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. The individual will be required to multi-task, work as a part of a team, and uphold the image of the Bank. 

 

Physical Demands:

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. While performing the duties of this job, the employee is frequently required to stand, walk, sit, use hands and fingers to handle, or feel, and talk or hear.


Monday - Friday 8:30 am- 5:00 pm
location: 8204 W Belmont Ave, Chicago IL 60634