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Live In Auto Loan Processor Jobs in Winfield, IL

Belmont Bank & Trust Company

Loan Processor

Chicago, IL · On-site

$60K - $70K/yr

The individual often works with little supervision and engages in judgment calls and decision ... The Loan Processor should be able to calculate interest accrued, pay-off amounts, penalties and ...

New

Belmont Bank & Trust Company

Loan Processor

Chicago, IL · On-site

$60K - $70K/yr

The individual often works with little supervision and engages in judgment calls and decision ... The Loan Processor should be able to calculate interest accrued, pay-off amounts, penalties and ...

New

CrossCountry Mortgage

Loan Processor

Oak Lawn, IL · On-site

$60K - $70K/yr

We believe in creating opportunities for growth, maintaining open communication, and empowering ... Were seeking a Loan Processor who is detail-oriented and experienced in managing mortgage files.

DR Horton, Inc.

Loan Processor

Schaumburg, IL · On-site

$55K - $63K/yr

S. , was founded in 1978 and is a publicly traded company on the New York Stock Exchange. It is ... Horton, Inc. is currently looking for a Loan Processor in the Branch Department. The right ...

DR Horton

Loan Processor

Schaumburg, IL · On-site

$55K - $63K/yr

S. , was founded in 1978 and is a publicly traded company on the New York Stock Exchange. It is ... Horton, Inc. is currently looking for a Loan Processor in the Branch Department. The right ...

D.R. Horton, Inc

Loan Processor

Schaumburg, IL

$55K - $63K/yr

S. , was founded in 1978 and is a publicly traded company on the New York Stock Exchange. It is ... Horton, Inc. is currently looking for a Loan Processor in the Branch Department. The right ...

DHI Mortgage

Loan Processor

Schaumburg, IL

$55K - $63K/yr

S. , was founded in 1978 and is a publicly traded company on the New York Stock Exchange. It is ... Horton, Inc. is currently looking for a Loan Processor in the Branch Department. The right ...

Alero Financial Credit Union

Loan Processor

Elgin, IL · On-site

$18.68 - $23.34/hr

Responsible for working with lending staff and members to process loan applications in a timely and efficient manner. Responsible for complete follow-up on loan requests, including all system ...

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

Live In Auto Loan Processor information

See Winfield, IL salary details

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

As of Jul 25, 2026, the average hourly pay for live in auto loan processor in Winfield, IL is $20.81, according to ZipRecruiter salary data. Most workers in this role earn between $17.60 and $23.46 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 cities near Winfield, IL are hiring for Live In Auto Loan Processor jobs? Cities near Winfield, IL with the most Live In Auto Loan Processor job openings:
Live In Auto Loan Processor jobs near you
Loan Processor

Loan Processor

Belmont Bank & Trust Company

Chicago, IL • On-site

$60K - $70K/yr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 2 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.


Schedule: Monday through Friday, 8:30 a.m. to 5:00 p.m. This is a full-time on-site (8204 W Belmont Ave, Chicago, IL 60634) position.