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Live In Auto Loan Processor Jobs in Elgin, IL (NOW HIRING)

ComForCare

Live In Caregiver

Libertyville, IL · On-site

$600 - $850/wk

Paid time off Live-In Caregiver: A Calling, Not Just a Job At ComForCare , we are looking for ... Any questions about your application or the hiring process must be directed to the locally owned ...

Accenture

Home Equity Loan Processor

Chicago, IL · On-site

$23.13 - $48.13/hr

The Home Equity Loan Processor will: Key Responsibilities: * Ability to meet production, quality ... If you are a California resident, live in or plan to work from Los Angeles County upon being hired ...

Always Best Care Senior Services

Live-In Caregivers!

Lisle, IL · On-site

$14 - $17.75/hr

RELIABLE & EXPIERENCED LIVE-IN Caregivers who are looking shifts, either three days or four days ... Caregivers with a driver's license and auto insurance preferred (as required by care plan). Paid ...

Associatedbank

Indirect Auto BDO - Illinois

Chicago, IL · On-site

... process. Associated Bank conducts a thorough background check on all new hires. The Indirect Auto ... loan applications. Candidates located in the Chicago area of Illinois are strongly preferred. We ...

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All JobsLive In Auto Loan Processor JobsLive In Auto Loan Processor Jobs in Elgin, IL

Live In Auto Loan Processor information

See Elgin, IL salary details

$13

$21

$30

How much do live in auto loan processor jobs pay per hour?

As of Jul 4, 2026, the average hourly pay for live in auto loan processor in Elgin, IL is $21.06, according to ZipRecruiter salary data. Most workers in this role earn between $17.84 and $23.75 per hour, depending on experience, location, and employer.

What are the key skills and qualifications needed to thrive as a Live In Auto Loan Processor, and why are they important?

To thrive as a Live In Auto Loan Processor, you need a strong understanding of loan documentation, financial analysis, and relevant regulations, typically supported by a background in finance or banking. Familiarity with loan origination systems (LOS), credit reporting software, and compliance tools is essential. Attention to detail, strong organizational skills, and clear communication help set top performers apart in this role. These abilities ensure accurate loan processing, regulatory compliance, and positive customer experiences in a fast-paced lending environment.

How do loan processors get paid?

Loan processors, including live-in auto loan processors, typically earn a salary or hourly wage, sometimes supplemented by bonuses or commissions based on performance. Compensation can vary depending on the employer, experience, and location, and may include benefits such as health insurance and paid time off.

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

A live-in auto loan processor typically does not directly earn a commission based on loan amounts like a loan officer. Loan officers usually earn a base salary plus commissions or bonuses that are a percentage of the loan amount, often around 0.5% to 1%, which would be $2,500 to $5,000 on a $500,000 loan. Compensation varies by employer, experience, and location, but the processor's role focuses on processing rather than earning commissions.

What are the typical daily responsibilities of a Live In Auto Loan Processor and how do they contribute to the overall loan approval process?

A Live In Auto Loan Processor typically manages the intake and verification of loan applications, reviews credit reports, gathers necessary documentation from applicants, and communicates directly with both clients and lenders. They play a critical role in ensuring all paperwork is accurate and complete, which helps speed up the approval process and reduces the risk of errors. Additionally, they often coordinate with underwriters and sales teams to resolve any issues quickly, making their attention to detail and communication skills essential for success in this collaborative environment.

Is it hard to become a loan processor?

Becoming a live-in auto loan processor typically requires strong attention to detail, good organizational skills, and familiarity with loan processing software. While some positions may require prior experience or a relevant certification, many employers offer on-the-job training, making it accessible for those with basic administrative skills.

What does a Live In Auto Loan Processor do?

A Live In Auto Loan Processor is responsible for managing and processing auto loan applications, typically for a financial institution or dealership. Their duties include reviewing applicant information, verifying documents, evaluating creditworthiness, and communicating with applicants and lenders throughout the loan approval process. They ensure that all required paperwork is accurate and complete, and that the loan meets regulatory and organizational guidelines. The 'live in' aspect may refer to on-site or in-house processing, rather than remote work, to facilitate faster and more efficient loan handling.

Can I work as a loan officer part time?

Live-in auto loan processors typically work full-time due to the nature of loan processing and customer service demands. Some loan officers may work part-time, but this depends on the employer and the specific role, with part-time positions being less common in processing roles. Flexibility in schedule can vary based on company policies and workload requirements.
What are the most commonly searched types of Auto Loan Processor jobs in Elgin, IL? The most popular types of Auto Loan Processor jobs in Elgin, IL are:
What cities near Elgin, IL are hiring for Live In Auto Loan Processor jobs? Cities near Elgin, IL with the most Live In Auto Loan Processor job openings:
Live In Auto Loan Processor jobs near you

Senior Loan Officer, Auto Refinancing

Caribou Financial

Chicago, IL

$90K/yr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 3 days ago

Job description

About Caribou

At Caribou, we care about giving people financial freedom so they can focus on what's most important to them. Today, less than two percent of Americans refinance their auto loans despite drastic increases in the cost of new and used cars. We see huge potential to help folks reduce their monthly auto expenses, as well as increase the predictability of those expenses over time. We do this by building technology to pair customers with community banks and credit unions, and ushering them through the process quickly. On average, our drivers save $162/month on their car loans while protecting their investment long term.

Caribou is led by leaders from the technology, automotive, and finance industries. We're proud to be backed by a great team of investors, including QED Investors, Goldman Sachs, Moderne Ventures, Accomplice, Link Ventures, Motley Fool Ventures and others.

About the Role

We are seeking candidates with previous experience in auto loan refinancing. In this role as a Senior Loan Advisor you will be handling inbound calls and warm leads (no cold calling!), consulting with and assisting customers in refinancing their auto loans.

In this role, you will…

  • Leveraging a consultative sales approach, you will advise customers on the purchase of additional protection products including vehicle protection services and other offerings
  • Provide customers with a thorough explanation of the terms of their loans, as well as aftermarket products and extended service contracts
  • Act as a product sales expert, maintaining elevated product sales attachment goals and expectations
  • Effectively manage and maintain a large pipeline of prospective customers, and maintain acceptable levels of conversion
  • Conduct business in an ethical and professional manner, in congruence with our lender guidelines, finance laws, and internal compliance guidelines
  • Process finance deals accurately and fairly through financial sources to secure funding
  • Perform needs assessments, overcome objections and manage the expectations of customers
  • Other duties may be assigned

Hours

This role will primarily work within normal business hours which are currently 7AM - 7PM (MT), Monday through Friday (hours of operation subject to change in the future). In addition, you will be required to work at least one Weekend shift (Saturday or Sunday) every four weeks, during the hours of 8AM to 5PM (MT). In exchange, you will receive a flexible day off to make up for working the weekend shift.

About You

You have…

  • 2 years refinance experience, demonstrating success in a loan officer role
  • Experience handling and maintaining a high volume pipeline
  • Excellent customer service skills and ability to quickly build rapport with customers
  • Clear communication and active listening skills
  • Ability to process information efficiently and incorporate in real time with customers
  • Ability to learn new technology and use a variety of software platforms
  • Excellent time management skills
  • Bilingual in Spanish/English is a plus.

How we will take care of you

Everyone at Caribou is a valued team member. Our compensation and benefits package includes:

  • Competitive compensation: $50,000 base with monthly commission structure, average annual earnings for the first year are $90,000 with the ability to exceed the average due to uncapped commission potential.
  • Paid training and onboarding period of 16 weeks to set you up for success. You will be eligible to participate in the sales commission plan during your first full month of employment.
  • Equity options in the Company
  • 401(k) retirement plan
  • Generous paid time off including Flexible Time Off (FTO) for all employees and 100% paid parental leave for all parents
  • Exceptional benefits including highly subsidized medical, dental, and vision plans, and fully company-paid mental health, disability, and basic life insurance
  • Optional benefits to suit your individual circumstances such as HSAs (with Caribou HSA contributions), FSAs, supplemental life and health, legal, and pet insurance
  • Up to $1,000 per year for eligible professional development expenses
  • Employee referral program
Our Core Values

We come from all walks of life and are joined together by our shared values, which guide our work and how we work together.

  • Give a damn. What we're doing matters. We show up determined to deliver results, and we love it.
  • Velocity. We're intentional about where we're going and we race towards it.
  • Make the assist. We have diverse strengths. We offer and ask for help so we all win.

The essential functions of this position require consistent attendance, availability, and active engagement throughout your full scheduled shift.

Caribou is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, age, disability, sexual orientation, pregnancy status, marital status, military or protected veteran status, genetics, or any other characteristic protected by law. This position is not restricted solely to the responsibilities listed above, and the scope and responsibilities are subject to change. A pre-employment background check is required as a condition of employment.

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