ZipRecruiter

Log In

1

Loan Processor Jobs in Addison, IL (NOW HIRING)

Lakeside Bank

Be Seen First

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 ...

Wintrust

Loan Originator - East Region

Chicago, IL

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 ...

Windsor Advantage

Loan Processing Associate I

Chicago, IL · On-site

$40K - $60K/yr

The Loan Processing Associate will quarterback communication with clients, borrowers, government entities and other third parties (e.g., insurance agents, attorneys, CPA's etc.), exercising ...

previous pagenext page

Showing results 21-40

All JobsLoan Processor JobsLoan Processor Jobs in Addison, IL

Loan Processor information

See Addison, IL salary details

$13

$21

$30

How much do loan processor jobs pay per hour?

As of Sep 8, 2026, the average hourly pay for loan processor in Addison, IL is $21.34, according to ZipRecruiter salary data. Most workers in this role earn between $18.08 and $24.09 per hour, depending on experience, location, and employer.

What is a loan processor?

Loan processors are financial professionals who review, verify, and organize loan applications before they are approved by underwriters. They collect necessary documentation from applicants, ensure all information is accurate, and communicate with borrowers and lenders throughout the process. Their primary goal is to make sure the loan file is complete and complies with lending regulations, helping to facilitate a smooth and timely loan approval.

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

To thrive as a Loan Processor, you need a solid understanding of loan origination, financial documentation review, and regulatory compliance, often supported by experience in banking or finance. Familiarity with loan processing software like Encompass, Calyx Point, and knowledge of relevant regulations such as RESPA and TILA are typically required. Attention to detail, strong organizational skills, and effective communication make someone stand out in this position. These skills and qualities are crucial to ensure accurate, timely loan approvals and maintain compliance, ultimately supporting customer satisfaction and organizational success.

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

Loan Processors often encounter challenges such as tight deadlines, managing large volumes of documentation, and coordinating with multiple parties like underwriters, loan officers, and clients. Staying organized and maintaining clear communication are key to handling these pressures. Many successful Loan Processors use checklists and digital tools to track document status and follow up regularly with all stakeholders, which helps ensure loans are processed efficiently and accurately.

What is the difference between Loan Processor vs Loan Underwriter?

AspectLoan ProcessorLoan Underwriter
Primary RolePrepares and reviews loan documents, gathers borrower informationAssesses loan risk and approves or declines loan applications
Required CredentialsHigh school diploma, some certifications preferredTypically requires mortgage or financial certifications
Work EnvironmentOffice setting, working closely with loan officers and applicantsOffice environment, analyzing financial data and risk
Industry UsageCommon in mortgage and banking sectorsIntegral 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.

Can I work remotely as a loan processor?

Loan processors can often work remotely, especially with the increased use of digital document management and communication tools. Many companies offer remote or hybrid schedules, but specific arrangements depend on employer policies and the need for secure handling of sensitive financial information.

How much do entry level loan processors make?

Entry-level loan processors typically earn between $35,000 and $45,000 annually, depending on location and employer. Starting salaries may increase with relevant skills, certifications, and experience in loan processing software and financial regulations.
More about Loan Processor jobs

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

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

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

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

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

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

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

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

Loan Processor jobs near you
Infographic showing various Loan Processor job openings in Addison, IL as of August 2026, with employment types broken down into 1% As Needed, 81% Full Time, 13% Part Time, 1% Temporary, 3% Contract, and 1% Nights. Highlights an 96% Physical, 2% Hybrid, and 2% Remote job distribution, with an average salary of $44,391 per year, or $21.3 per hour.

Mortgage Loan Processor/Closer - To 56K - Chicago, IL - Job 3827-6115

Chicago, IL

The Symicor Group
Recruiting and Staffing Services • 1 - 10 employees
Learn more about The Symicor Groupexternal

$56K/yr

Full-time

Posted 13 days ago

Job description

Mortgage Loan Processor/Closer - To $56K - Chicago, IL - Job # 3827-6115Who We AreThe Symicor Group is a boutique talent acquisition firm based in Schaumburg, IL & Rockport, TX. Our nationally unique value proposition centers around providing the very best available banking and accounting talent. In fact, most of our recruiters are former bankers or accountants themselves!We know how to evaluate the very best banking and accounting talent available in the market. Whether you are a candidate seeking a new opportunity or a bank or company president trying to fill an essential position, The Symicor Group stands ready to deliver premium results for you.The PositionOur community bank client is seeking to fill a Mortgage Loan Processor/Closer role in the Chicago, IL market. The successful candidate will be responsible for managing residential mortgage loan files from application through underwriting. This role ensures all documentation is complete, accurate, and compliant with lending regulations while coordinating with borrowers, loan officers, underwriters, title companies, and other third parties to facilitate a timely loan closing. The position includes a generous salary of up to $56K and an excellent benefits program.  (This is not a remote position.)Mortgage Loan Processor/Closer responsibilities include:
  • Review mortgage applications for completeness and accuracy.
  • Collect and verify required documentation, including income, assets, employment, credit, and property information.
  • Order and track appraisals, title reports, flood certifications, and other required documents.
  • Prepare loan files for underwriting and submit complete packages.
  • Communicate with borrowers to obtain missing documentation and provide status updates.
  • Work closely with loan officers, underwriters, escrow/title companies, and closing agents.
  • Review underwriting conditions and coordinate with borrowers to satisfy outstanding requirements.
  • Ensure compliance with federal, state, investor, and company lending guidelines.
  • Maintain accurate loan records and update loan origination systems.
  • Monitor loan timelines to meet closing deadlines.
  • Resolve documentation discrepancies and identify potential issues before closing.
Who Are You?You're someone who wants to influence your own development. You're looking for an opportunity where you can pursue your interests and your passion. Where a job title is not considered the final definition of who you are, but merely the starting point for your future.You also bring the following skills and experience:
  • High school diploma or equivalent; associate's or bachelor's degree preferred.
  • 1-3 years of mortgage processing or mortgage industry experience preferred.
  • Knowledge of conventional, FHA, VA, and USDA loan programs.
  • Familiarity with mortgage compliance regulations and documentation requirements.
  • Experience using Loan Origination Systems (LOS) such as Encompass or similar software.
  • Mortgage processing certification (preferred but not required)
  • Experience with Fannie Mae, Freddie Mac, FHA, VA, and USDA guidelines
  • Knowledge of TRID, RESPA, TILA, and HMDA regulations
  • Proficiency with Microsoft Office, particularly Word, Excel, and Outlook.
The next step is yours. Email us your current resume along with the position you are considering to:resumes@symicorgroup.com

Apply