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Loan Processor Jobs in Addison, IL (NOW HIRING)

Windsor Advantage

Loan Processing Associate I

Chicago, IL · On-site

  • Medical

  • Dental

  • Vision

  • Life

  • Retirement

  • PTO

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 ...

Valley Bank

Lending Specialist

Chicago, IL · On-site

Ensure initial loan funding (if there is a draw at close) and ongoing life of loan activity (payments, draws, payoffs, etc.) are properly processed and booked with downstream stakeholders.

Valley Bank

Lending Specialist

Chicago, IL · On-site

Ensure initial loan funding (if there is a draw at close) and ongoing life of loan activity (payments, draws, payoffs, etc.) are properly processed and booked with downstream stakeholders.

Key Mortgage Services

Loan Officer Assistant

Schaumburg, IL · On-site

$45K - $65K/yr

  • Medical

  • Dental

  • Retirement

  • PTO

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 ...

Key Mortgage Services

Loan Officer Assistant

Schaumburg, IL · On-site

$45K - $65K/yr

  • Medical

  • Dental

  • Retirement

  • PTO

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 ...

Key Mortgage Services

Loan Officer Assistant

Schaumburg, IL · On-site

$45K - $65K/yr

  • Medical

  • Dental

  • Retirement

  • PTO

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 ...

Servbank

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 ...

Servbank

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 ...

M/I Homes

Loan Specialist

Naperville, IL · On-site

$24.04 - $36.57/hr

  • Medical

  • Dental

  • Vision

  • Life

  • Retirement

  • PTO

Processes applicable documentation for FHA, VA and Conventional mortgage loan applications and prepares required packages for loan approval. Hourly Rate: $24.04 - $36.57 per hour. This position is ...

M/I Homes

Loan Specialist

Naperville, IL · On-site

$24.04 - $36.57/hr

  • Medical

  • Dental

  • Vision

  • Life

  • Retirement

  • PTO

Processes applicable documentation for FHA, VA and Conventional mortgage loan applications and prepares required packages for loan approval. Hourly Rate : $24.04 - $36.57 per hour. This position is ...

M/I Homes

Loan Specialist

Naperville, IL · On-site

$24.04 - $36.57/hr

  • Medical

  • Dental

  • Vision

  • Life

  • Retirement

  • PTO

Processes applicable documentation for FHA, VA and Conventional mortgage loan applications and prepares required packages for loan approval. Hourly Rate : $24.04 - $36.57 per hour. This position is ...

M/I Homes

Loan Specialist

Naperville, IL · On-site

$24.04 - $36.57/hr

  • Medical

  • Dental

  • Vision

  • Life

  • Retirement

  • PTO

Processes applicable documentation for FHA, VA and Conventional mortgage loan applications and prepares required packages for loan approval. Hourly Rate : $24.04 - $36.57 per hour. This position is ...

Dunmor

Loan Originator

Chicago, IL · On-site +1

Partner with internal teams such as Processing, Underwriting, and Valuations to ensure smooth and timely loan processing. * Act as a liaison between clients and operations to overcome challenges and ...

VERVE A CREDIT UNION

Mortgage Loan Officer

Chicago, IL · On-site

$32 - $39/hr

Oversee loan process by monitoring loan status and ensuring conformity with terms. * Assist in collecting additional documents and communicating loan status to all parties. * Provide functional ...

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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 Aug 16, 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 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.

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 some roles may require in-office presence for document verification or meetings. Availability depends on the employer's policies and the specific job requirements.

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 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 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 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.

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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 100% Full Time. Highlights an 80% In-person, and 20% Remote job distribution, with an average salary of $44,391 per year, or $21.3 per hour.

Loan Processing Associate I

Windsor Advantage

Chicago, IL • On-site

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Re-posted 23 days ago

Job description

About Us
Windsor Advantage, an affiliate of Capital Bank N.A., is one of the nation's leading Lender Service Providers (LSP). Windsor Advantage provides banks, credit unions and CDFIs with a comprehensive outsourced SBA 7(a) and USDA lending platform without the need to hire staff or incurring capital expenditures. Since 2010, Windsor has processed more than $4.5 billion in government guaranteed loans and currently services a portfolio for over 100 lenders nationwide.
With more than 150 years of cumulative SBA lending experience, cutting edge technology, rigid controls and consistent processes, Windsor is uniquely qualified to assist any size lender with implementing a thoughtful and profitable government guaranteed lending initiative.
Capital Bank N.A. is headquartered in Maryland and has been serving our communities since 1999. We stand as a publicly traded company (NASDAQ: CBNK) with over $3 billion in assets. We offer commercial and consumer banking services primarily to clients in Maryland, DC, and Northern Virginia, alongside two nation-wide lending brands; Capital Bank Home Loans and OpenSky, a credit card division that offers and services credit cards across all states.
Position PurposeThe Loan Processing Associate is responsible for providing quality customer service while processing loans through closing. 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 discretion and judgment. This position includes required participation in and contribution to weekly departmental and pipeline meetings.
Position Responsibilities
  • Manages the entire loan application lifecycle, from initial intake to final closing. This includes collecting and verifying borrower documentation, ensuring completeness, conducting due diligence tasks, and coordinating with Loan Officers and Underwriters.
  • Maintains meticulous attention to detail to ensure adherence to all SBA regulations, program guidelines, and bank policies throughout the loan process.
  • Distribute, collect, and review loan application processing checklist to obtain SBA Authorization and loan closing.
  • Exhibit in-depth understanding of SBA rules/regulations and develop an ability to utilize this knowledge to independently create unique solutions and thoughtful structures.
  • Acts as a liaison and manage critical relationships with borrowers, financial intermediaries, lenders, Windsor management and the SBA throughout the loan lifecycle using effective communication with a high attention to detail.
  • Prepares comprehensive loan packages with all necessary financial documents, business plans, and supporting
    materials for underwriting review and approval.
  • Manages and facilitates the loan closing process, ensuring all documents are signed, conditions are met, and
    funding is disbursed smoothly.
  • Assists with servicing of funded loans, such as collecting information for ongoing compliance.
  • Stay updated on current SBA loan programs and industry trends, researching competitor offerings as needed.
  • Submit 4506-C to the IRS and complete tax verifications upon return.
  • Order and review any necessary third-party reports as needed.
  • Effectively manage and interface with third party vendors.
  • Work with lender and borrower on SBA screen outs. Interface directly with SBA loan specialist staff.
  • Prepare and/or review SBA authorization once received, depending on processing method, and interface with lender's closing counsel.
  • Special Projects assigned as necessary.
  • Actively contribute to weekly department meetings to identify, discuss, solve, and implement department
    process improvements.
  • Adhere specifically to all company policies and procedures, Federal and State regulations, and laws.
  • Responsible for following regulatory requirements including those pertaining to the Bank Secrecy Act (BSA), Anti-Money Laundering (AML), Customer Identification Program (CIP), and OFAC to assist in the identification, detection and determent of money laundering or other unlawful activities.
  • Perform other duties as required.

Minimum Education & Experience
  • Bachelor's degree in finance, business administration, or a related field required
  • 1-2 years experience in a role within administration, finance, or a similar industry
  • Experience managing multiple tasks while delivering the highest levels of customer service with minimal supervision.
  • Experience with loan processing and loan closings.
  • Experience with SBA rules/regulations preferred.

Technical Knowledge and Skills
  • Knowledge of commercial loan products and/or basic accounting.
  • Must have ability to understand all business processes within the bank.
  • A working knowledge of commercial credit principles and pertinent laws is preferred.
  • Knowledge of computer systems as they relate to lending activities, including Microsoft Office Suite to include Word, Excel and Outlook is a must.
  • Must have excellent communication skills, both verbal and written
  • Excellent interpersonal skills to build strong relationships with borrowers and internal teams.
  • Must have strong analytical and problem-solving skills to identify and resolve any loan processing issues.
  • Must demonstrate resourcefulness, strong organization, and meticulous attention to detail, coupled with excellent multitasking abilities and effective prioritization skills

Compensation
  • Base Salary Range: $40,000 - $60,000 annually. Final determination of where you are at in the salary range is based on numerous factors such as geographical location, relevant experience, skill set, education, and ability to meet qualifications within the job description.
  • Additional Compensation: This role will include a yearly annual target bonus based on individual performance.

Working Arrangements
  • This is a hybrid role expected to work in office Monday, Wednesday, and Thursday. You will be able to work remotely on Tuesday and Friday.

Why Join Us?
  • Join a growing company with a culture that fosters an entrepreneurial spirit
  • Comprehensive benefits package including Medical, Dental, Vision, Company Paid Life Insurance, Disability Insurance, and more?
  • Company Contributions to your 401k - Regardless of your contribution
  • Employee Perks: Paid Parental Leave, Employee Recognition Program, Leadership Program, Tuition Reimbursement Program, Employee Bank Checking Account, and much more!
  • Generous Paid Time Off and Paid Holidays - Including Paid Charity Hours to support volunteer opportunities

Supporting Businesses. Helping People. Strengthening Communities.
Windsor Advantage LLC is an E-Verify, Affirmative Action and Equal Opportunity Employer.

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