Work with the loan processor to provide any additional documentation as necessary and required by underwriting to clear conditions and close the loan. Job Requirements: * Must meet all NMLS ...
Work with the loan processor to provide any additional documentation as necessary and required by underwriting to clear conditions and close the loan. Job Requirements: * Must meet all NMLS ...
Work with the loan processor to provide any additional documentation as necessary and required by underwriting to clear conditions and close the loan. Job Requirements: * Must meet all NMLS ...
Work with the loan processor to provide any additional documentation as necessary and required by underwriting to clear conditions and close the loan. Job Requirements: * Must meet all NMLS ...
Work with the loan processor to provide any additional documentation as necessary and required by underwriting to clear conditions and close the loan. Job Requirements: * Must meet all NMLS ...
Work with the loan processor to provide any additional documentation as necessary and required by underwriting to clear conditions and close the loan. Job Requirements: * Must meet all NMLS ...
Work with the loan processor to provide any additional documentation as necessary and required by underwriting to clear conditions and close the loan. Job Requirements: * Must meet all NMLS ...
Work with the loan processor to provide any additional documentation as necessary and required by underwriting to clear conditions and close the loan. Job Requirements: * Must meet all NMLS ...
Work with the loan processor to provide any additional documentation as necessary and required by underwriting to clear conditions and close the loan. Job Requirements: * Must meet all NMLS ...
Work with the loan processor to provide any additional documentation as necessary and required by underwriting to clear conditions and close the loan. Job Requirements: * Must meet all NMLS ...
Loan Originator - East Region
Highland Park, IL · On-site
$15/hr
Work with the loan processor to provide any additional documentation as necessary and required by underwriting to clear conditions and close the loan. Job Requirements: * Must meet all NMLS ...
Loan Originator - East Region
Highland Park, IL · On-site
$15/hr
Work with the loan processor to provide any additional documentation as necessary and required by underwriting to clear conditions and close the loan. Job Requirements: * Must meet all NMLS ...
Mortgage Loan Officer - SWISH
Bridgeview, IL · On-site
$15/hr
Join our team as a Mortgage Loan Officer and make a difference in the lives of our clients by guiding them through the loan process with expertise and care. **Key Responsibilities: ** - **Client ...
Quick apply
Mortgage Loan Officer - SWISH
Bridgeview, IL · On-site
$15/hr
Join our team as a Mortgage Loan Officer and make a difference in the lives of our clients by guiding them through the loan process with expertise and care. **Key Responsibilities: ** - **Client ...
FHA Mortgage Origination Representative
Chicago, IL · Remote
$37K - $42K/yr
... loan processor, junior underwriter, loan officer) plus an additional year of customer service or contact center background, or at least three years of loan origination working with conventional loans ...
Quick apply
FHA Mortgage Origination Representative
Chicago, IL · Remote
$37K - $42K/yr
... loan processor, junior underwriter, loan officer) plus an additional year of customer service or contact center background, or at least three years of loan origination working with conventional loans ...
FHA Mortgage Origination Representative
$37K - $42K/yr
... loan processor, junior underwriter, loan officer) plus an additional year of customer service or contact center background, or at least three years of loan origination working with conventional loans ...
FHA Mortgage Origination Representative
$37K - $42K/yr
... loan processor, junior underwriter, loan officer) plus an additional year of customer service or contact center background, or at least three years of loan origination working with conventional loans ...
Loan Officer Assistant
$45K - $65K/yr
Communicate with and support Loan Processors to obtain conditions * Assist clients and guide them through the mortgage pre-approval process * Reviewing supporting documents and information to ...
Loan Officer Assistant
$45K - $65K/yr
Communicate with and support Loan Processors to obtain conditions * Assist clients and guide them through the mortgage pre-approval process * Reviewing supporting documents and information to ...
Loan Officer Assistant
Schaumburg, IL · On-site
$45K - $65K/yr
Communicate with and support Loan Processors to obtain conditions * Assist clients and guide them through the mortgage pre-approval process * Reviewing supporting documents and information to ...
Quick apply
Loan Officer Assistant
Schaumburg, IL · On-site
$45K - $65K/yr
Communicate with and support Loan Processors to obtain conditions * Assist clients and guide them through the mortgage pre-approval process * Reviewing supporting documents and information to ...
Loan Officer Assistant
Schaumburg, IL · On-site
$45K - $65K/yr
Communicate with and support Loan Processors to obtain conditions * Assist clients and guide them through the mortgage pre-approval process * Reviewing supporting documents and information to ...
Loan Officer Assistant
Schaumburg, IL · On-site
$45K - $65K/yr
Communicate with and support Loan Processors to obtain conditions * Assist clients and guide them through the mortgage pre-approval process * Reviewing supporting documents and information to ...
Commercial Loan Administrator
Oswego, IL · On-site
$41K - $48K/yr
The Commercial Loan Administrator is responsible for managing and processing commercial loan projects. This role involves preparing and reviewing loan documentation, ensuring compliance with ...
Quick apply
Commercial Loan Administrator
Oswego, IL · On-site
$41K - $48K/yr
The Commercial Loan Administrator is responsible for managing and processing commercial loan projects. This role involves preparing and reviewing loan documentation, ensuring compliance with ...
Commercial Loan Administrator
Oswego, IL · On-site
$41K - $48K/yr
The Commercial Loan Administrator is responsible for managing and processing commercial loan projects. This role involves preparing and reviewing loan documentation, ensuring compliance with ...
Commercial Loan Administrator
Oswego, IL · On-site
$41K - $48K/yr
The Commercial Loan Administrator is responsible for managing and processing commercial loan projects. This role involves preparing and reviewing loan documentation, ensuring compliance with ...
Commercial Loan Administrator
$41K - $48K/yr
Description The Commercial Loan Administrator is responsible for managing and processing commercial loan projects. This role involves preparing and reviewing loan documentation, ensuring compliance ...
Commercial Loan Administrator
$41K - $48K/yr
Description The Commercial Loan Administrator is responsible for managing and processing commercial loan projects. This role involves preparing and reviewing loan documentation, ensuring compliance ...
Production Processor
Elgin, IL · On-site
$22 - $24/hr
Pay Rate Low: 22 | Pay Rate High: 24 Our client sells high-quality microbial enzymes to different industries in the Americas, like food, dietary supplements, industrial, diagnostics, and regenerative ...
Production Processor
Elgin, IL · On-site
$22 - $24/hr
Pay Rate Low: 22 | Pay Rate High: 24 Our client sells high-quality microbial enzymes to different industries in the Americas, like food, dietary supplements, industrial, diagnostics, and regenerative ...
Senior Loan Closer
Worth, IL · Hybrid
Ensure processes align with the bank's guidelines, risk appetite, policies, standards, and consumer laws and regulation requirements while providing sound judgment. * Strong Written Communication:
Senior Loan Closer
Worth, IL · Hybrid
Ensure processes align with the bank's guidelines, risk appetite, policies, standards, and consumer laws and regulation requirements while providing sound judgment. * Strong Written Communication:
DMV Title Clerk & Processor
Elgin, IL · On-site
$18.68 - $23.34/hr
Lending Manager / Loan Manager Grade Level: 6 Full Salary Range: $18.68/hr - $28.02/hr Hiring Salary Range: $18.68/hr - $23.34/hr Position Summary: The DMV Title Clerk and Processor is responsible ...
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DMV Title Clerk & Processor
Elgin, IL · On-site
$18.68 - $23.34/hr
Lending Manager / Loan Manager Grade Level: 6 Full Salary Range: $18.68/hr - $28.02/hr Hiring Salary Range: $18.68/hr - $23.34/hr Position Summary: The DMV Title Clerk and Processor is responsible ...
Senior Loan Closer
Worth, IL · On-site
Ensure processes align with the bank's guidelines, risk appetite, policies, standards, and consumer laws and regulation requirements while providing sound judgment. * Strong Written Communication:
Senior Loan Closer
Worth, IL · On-site
Ensure processes align with the bank's guidelines, risk appetite, policies, standards, and consumer laws and regulation requirements while providing sound judgment. * Strong Written Communication:
Senior Loan Closer
Worth, IL · Hybrid
Ensure processes align with the bank's guidelines, risk appetite, policies, standards, and consumer laws and regulation requirements while providing sound judgment. * Strong Written Communication:
Senior Loan Closer
Worth, IL · Hybrid
Ensure processes align with the bank's guidelines, risk appetite, policies, standards, and consumer laws and regulation requirements while providing sound judgment. * Strong Written Communication:
Loan Processor information
See Addison, IL salary details
$13.73 - $15.28
5% of jobs
$15.28 - $16.84
9% of jobs
$18.10 is the 25th percentile. Wages below this are outliers.
$16.84 - $18.39
13% of jobs
$18.39 - $19.95
20% of jobs
The median wage is $20.20 / hr.
$19.95 - $21.50
16% of jobs
$21.50 - $23.05
9% of jobs
$23.49 is the 75th percentile. Wages above this are outliers.
$23.05 - $24.61
8% of jobs
$24.61 - $26.16
6% of jobs
$26.16 - $27.72
5% of jobs
$27.72 - $29.27
5% of jobs
$29.27 - $30.83
2% of jobs
$13
$21
$30
How much do loan processor jobs pay per hour?
What are the key skills and qualifications needed to thrive as a Loan Processor, and why are they important?
How much does a loan officer make on a $500,000 loan?
How much do loan processors make?
What qualifications do you need to be a loan processor?
What are some common challenges faced by Loan Processors, and how can they be managed effectively?
What Does a Loan Processor Do?
A loan processor reviews loan applications before sending them to the underwriter for approval. As a loan processor, your responsibilities and duties include organizing required documents and verifying the accuracy and completeness of the loan application. You work as the intermediary between the loan officer and the underwriter, so you will not usually have direct contact with the customer. A good loan processor has excellent data and organizational skills, which are needed to succeed in this career.
What are loan processors?
What is the difference between Loan Processor vs Loan Underwriter?
| Aspect | Loan Processor | Loan Underwriter |
|---|---|---|
| Primary Role | Prepares and reviews loan documents, gathers borrower information | Assesses loan risk and approves or declines loan applications |
| Required Credentials | High school diploma, some certifications preferred | Typically requires mortgage or financial certifications |
| Work Environment | Office setting, working closely with loan officers and applicants | Office environment, analyzing financial data and risk |
| Industry Usage | Common in mortgage and banking sectors | Integral to mortgage lending and financial institutions |
While both roles are essential in the loan process, a Loan Processor focuses on preparing and verifying documents, whereas a Loan Underwriter evaluates the risk and makes approval decisions. Understanding these differences helps in choosing the right career path or job focus within the lending industry.
What does a loan processor do?
Is it hard to become a loan processor?
Full-time
Medical, Dental, Vision, Life, Retirement
Re-posted 3 days ago
Wintrust rating
8.0
Based on 20 frontline employees who took The Breakroom Quiz
58th of 149 rated banks
Job description
Wintrust Mortgage was founded in 1981 to help customers achieve the American dream of homeownership and has since successfully navigated the ever-changing real estate market. As a full-service, federally chartered lender with offices located across the country, we're dedicated to providing customers with a wide range of mortgage products and have the capability to lend in all 50 states. To complement the basic conventional, FHA, and VA loan programs, we are uniquely positioned to meet the needs of the continually evolving market. Wintrust Mortgage is part of Wintrust, a financial services company with more than $66 billion in assets.
Why join us?
An award-winning culture! We are rated a Top Workplace by the Chicago Tribune (past 9 years) and Employee Recommended award by the Globe & Mail (past 6 years)
Comprehensive benefit package including medical, dental, vision, life, a 401k plan with a generous company match and tuition reimbursement to name a few
Family-friendly work hours
With 175+ community bank locations, we offer opportunities to grow and develop in your career
Promote from within culture
Why join this team?
We have a culture that encourages an entrepreneurial spirit
We offer multiple opportunities for development and upward mobility
You come to join focused, highly collaborative team at a great company
As the Loan Originator, primary responsibilities include:
Use interpersonal and communication skills to generate referral business, leads and relationships with individuals, existing clients, past clients and Real Estate professionals.
Participate in training for marketing, sales, and scenario techniques to effectively sell, package and close consumer mortgages.
Take thorough and complete loan applications; analyze and prequalify applicant information to determine viability of the client's desired loan program.
Pull and analyze credit and compare for accuracy with the borrower's statements.
Provide guidance and information relevant to the risks and benefits of each program the applicant is qualified for.
Effectively communicate the terms of each product and ensure all documents necessary are signed by the borrower.
Provide the loan package to the loan processor for review. Work with the loan processor to provide any additional documentation as necessary and required by underwriting to clear conditions and close the loan.
Job Requirements:
Must meet all NMLS requirements.
Must have superior interpersonal, organizational, communication (both written and oral), and telephone etiquette skills.
Must be a self starter, motivated, energetic, with excellent time-management skills.
Minimum of 3 years mortgage banking experience.
Benefits:
Medical Insurance Dental Vision Life insurance Accidental death and dismemberment Short-term and long term Disability Insurance Parental Leave Employee Assistance Program (EAP) Traditional and Roth 401(k) with company match Flexible Spending Account (FSA) Employee Stock Purchase Plan at 5% discount Critical Illness Insurance Accident Insurance Transportation and Commuting Benefits Banking Benefits Pet Insurance
Compensation:
The minimum estimatedhourly ratefor this role is $15.00, along with eligibility to earn monthly commissions. Actualpayrate may vary based on several factors, such as a candidate's location, qualifications, skills, and experience.
From our first day in business, Wintrust has been proud to serve a variety of unique communities and people from all walks of life. To build a company that reflects the communities we serve, we believe that fostering a unique and inclusive workplace where everyone feels valued and empowered to succeed will support our ongoing success. Wintrust Financial Corporation, including community banking and financial services subsidiaries, is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, age, national origin, disability, veteran status, genetic information, and other legally protected categories.
About Wintrust
Sourced by ZipRecruiter
Industry
Finance and insurance
Company size
5,001 - 10,000 Employees
Headquarters location
Rosemont, IL, US
Year founded
1992