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Loan Officer Processor Jobs in Addison, IL (NOW HIRING)

California Mortgage Advisors

Loan Officer

Mundelein, IL · On-site

... processing available in our operations center or through one of our many branches *Experienced operations team to help loan officers close more loans in a timely manner Email me your resume, and call ...

Lennar

Loan Officer Associate

Schaumburg, IL · On-site

$16.20 - $21/hr

Loan Officer Associate We are Lennar Lennar is one of the nation's leading homebuilders, dedicated ... Collaboration and Flexibility: Assist processors and closers in procuring loan documents from ...

Self Help

Mortgage Loan Officer

Chicago, IL · On-site

$56K - $70K/yr

Mortgage Loan Officers provide information on credit union products and services to potential ... Prepares, analyzes, processes and documents all required forms and related documents for real ...

First American Bank

Mortgage Loan Officer

Bloomingdale, IL

$22K - $28K/yr

The Mortgage Loan Officer originates residential mortgage loans while building and maintaining ... This position serves as a trusted advisor, helping customers navigate the home financing process by ...

Posted today

Self Help

Commercial Loan Officer

Chicago, IL · On-site

The Commercial Loan Officer (LO) will be responsible fororiginating and closing commercial loans ... Leads most processes with teams involved in loan underwriting, approval, closing, and post-closing

All Western Mortgage

Mortgage Loan Officer

Evanston, IL · On-site

$48K - $196K/yr

Mortgage Loan Officer - Zentra Mortgage Are you a motivated Mortgage Loan Officer looking for an ... Branch Processors Who Excel : Work with experienced branch processors who are actually great at ...

All Western Mortgage

Mortgage Loan Officer

Chicago, IL

$48K - $196K/yr

Mortgage Loan Officer - Zentra Mortgage Are you a motivated Mortgage Loan Officer looking for an ... Branch Processors Who Excel : Work with experienced branch processors who are actually great at ...

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All JobsLoan Officer Processor JobsLoan Officer Processor Jobs in Addison, IL

Loan Officer Processor information

See Addison, IL salary details

$28.6K

$51K

$94.7K

How much do loan officer processor jobs pay per year?

As of Jul 17, 2026, the average yearly pay for loan officer processor in Addison, IL is $50,998.00, according to ZipRecruiter salary data. Most workers in this role earn between $40,100.00 and $55,100.00 per year, depending on experience, location, and employer.

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

A loan officer typically earns a commission or fee based on the loan amount, often around 1% to 2%, which would be $5,000 to $10,000 for a $500,000 loan. Compensation can also include a base salary and bonuses, depending on the employer and location. Skills in underwriting and customer service are important for success in this role.

What is the difference between Loan Officer Processor vs Loan Underwriter?

AspectLoan Officer ProcessorLoan Underwriter
CredentialsTypically requires loan processing experience, knowledge of mortgage documentsRequires underwriting certifications, mortgage industry knowledge
Work EnvironmentOffice-based, supporting loan officers, handling documentationOffice or remote, assessing loan risk and compliance
Industry UsageCommonly employed in mortgage lending companiesUsed in banks, mortgage lenders, and financial institutions
Search/Comparison IntentOften compared for understanding loan processing rolesCompared for risk assessment and approval process

The main difference is that a Loan Officer Processor handles the documentation and processing of loan applications, while a Loan Underwriter evaluates the risk and approves or denies loans based on financial data. Both roles are essential in the mortgage lending process but focus on different stages of loan approval.

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

To thrive as a Loan Officer Processor, you need a solid understanding of loan products, financial documentation, and regulatory compliance, often supported by a background in finance or related certifications. Familiarity with loan origination systems (LOS), credit analysis software, and customer relationship management (CRM) tools is typically required. Attention to detail, organizational skills, and effective communication distinguish top performers in this role. These skills are crucial to ensure efficient loan processing, minimize errors, and deliver a smooth experience for both clients and lending institutions.

How much do processors get paid?

Loan officer processors typically earn between $35,000 and $55,000 annually, depending on experience, location, and the employer. Some may also receive bonuses or commissions based on loan volume, and strong organizational and communication skills are important for success in this role.

Will MLO be replaced by AI?

A Loan Officer Processor (LOP) role involves reviewing and verifying loan documents, a task that requires judgment and understanding of complex financial information. While AI can assist with data entry and document analysis, it is unlikely to fully replace Loan Officer Processors due to the need for human oversight, communication, and decision-making in the loan process.

What are Loan Officer Processors?

Loan Officer Processors are professionals who assist loan officers by managing and organizing the paperwork and documentation required for loan applications. They act as a bridge between the borrower, lender, and underwriter, ensuring that all necessary information is collected and verified. Their responsibilities include reviewing financial documents, maintaining communication with clients, and making sure that loan files comply with regulatory standards. A Loan Officer Processor plays a critical role in ensuring loans move efficiently through the approval process.

What does a loan processing officer do?

A loan processing officer reviews and verifies loan applications, ensuring all required documentation is complete and accurate. They coordinate with underwriters and lenders to facilitate the approval process and may use loan processing software to track application status. Attention to detail and knowledge of lending regulations are essential for this role.

What are some common challenges Loan Officer Processors face when managing multiple loan applications simultaneously?

Loan Officer Processors often handle several loan files at once, which can make time management and organization challenging. Staying on top of documentation requirements, meeting tight deadlines, and ensuring compliance with lending regulations are frequent hurdles. Effective communication with borrowers, underwriters, and other team members is essential to avoid delays and ensure all necessary information is collected accurately. Utilizing loan processing software and maintaining detailed checklists can help streamline tasks and reduce the risk of errors.
What are popular job titles related to Loan Officer Processor jobs in Addison, IL? For Loan Officer Processor jobs in Addison, IL, the most frequently searched job titles are:
What cities near Addison, IL are hiring for Loan Officer Processor jobs? Cities near Addison, IL with the most Loan Officer Processor job openings:
Loan Officer Processor jobs near you
Infographic showing various Loan Officer Processor job openings in Addison, IL as of July 2026, with employment types broken down into 1% As Needed, 87% Full Time, 8% Part Time, and 4% Contract. Highlights an 96% Physical, 1% Hybrid, and 3% Remote job distribution, with an average salary of $50,998 per year, or $24.5 per hour.
Loan Officer

Loan Officer

California Mortgage Advisors

Mundelein, IL • On-site

Other

Re-posted 21 days ago

Job description

Loan Officer, Core belief, If we put the interests of our loan officers and her clients first and foremost everything else will fall into place. our commitment to this one attitude is stronger than ever management lives and breathes service, service, service, it is evident in our operation center and their uncompromising client- centric culture, and the way that we understand the expectations and needs of our loan officers. we perform our duties with passion and with the highest standards of excellence.

CMA is a direct lender with delegated in-house underwriting. CMA is a full eagle approved lender for HUD CMA is partnered with local area AMC whose appraisers are highly knowledgeable in the local and national real estate markets this ensures a more accurate property evaluation. Online price locking engine GFD and compliance desk Scenario desk Aggressive LO comp plans Concierge service for loan officers Online and personalized training available Marketing programs Weekly pay schedule Net branch partnerships available for both small and large offices Full processing available in our operations center or through one of our many branches *Experienced operations team to help loan officers close more loans in a timely manner Email me your resume, and call me at 415-480-9024 and let's discuss your career potential.

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