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Loan Processor Jobs in Batavia, IL (NOW HIRING)

Belmont Bank & Trust Company

Loan Processor

Chicago, IL · On-site

$60K - $70K/yr

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 ...

Belmont Bank & Trust Company

Loan Processor

Chicago, IL · On-site

$60K - $70K/yr

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 ...

DR Horton

Loan Processor

Schaumburg, IL · On-site

$55K - $63K/yr

The right candidate will process mortgage loans and provide a high level of customer service to our builders as well as our home buyers. Annual Salary Range is $55,000 to $63,000. Essential Duties ...

DR Horton, Inc.

Loan Processor

Schaumburg, IL · On-site

$55K - $63K/yr

The right candidate will process mortgage loans and provide a high level of customer service to our builders as well as our home buyers. Annual Salary Range is $55,000 to $63,000. Essential Duties ...

D.R. Horton, Inc

Loan Processor

Schaumburg, IL

$55K - $63K/yr

The right candidate will process mortgage loans and provide a high level of customer service to our builders as well as our home buyers. Annual Salary Range is $55,000 to $63,000. Essential Duties ...

DHI Mortgage

Loan Processor

Schaumburg, IL

$55K - $63K/yr

The right candidate will process mortgage loans and provide a high level of customer service to our builders as well as our home buyers. Annual Salary Range is $55,000 to $63,000. Essential Duties ...

Alero Financial Credit Union

Loan Processor

Elgin, IL · On-site

$18.68 - $23.34/hr

Loan Processor Reports To: Lending Manager Grade Level: 6 Full Salary Range: $18.68 - $28.02 Hiring Salary Range: $18.68 - $23.34 Primary Responsibilities : Responsible for working with lending staff ...

Constructive Loans, LLC

Loan Opener

Oakbrook Terrace, IL · Remote

$21.50 - $23/hr

Position Overview Reporting to the Processing Manager, Processing, this position is responsible for initiating the mortgage loan origination process by ensuring accurate and efficient file setup.

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 ...

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All JobsLoan Processor JobsLoan Processor Jobs in Batavia, IL

Loan Processor information

See Batavia, IL salary details

$13

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$31

How much do loan processor jobs pay per hour?

As of Jul 27, 2026, the average hourly pay for loan processor in Batavia, IL is $21.72, according to ZipRecruiter salary data. Most workers in this role earn between $18.37 and $24.52 per hour, depending on experience, location, and employer.

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

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.

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 in this role.

How much do loan processors make?

Loan processors in the United States typically earn an average annual salary of around $45,000 to $55,000, with variations based on experience, location, and employer. In some regions, salaries can range from $40,000 to $65,000, and additional certifications or skills in loan software can influence pay.

What qualifications do you need to be a loan processor?

A loan processor typically needs a high school diploma or equivalent, with some employers preferring post-secondary education or relevant certifications. Strong organizational skills, attention to detail, and familiarity with loan processing software are important, and previous experience in banking or finance can be beneficial.

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 are loan processors?

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.

What does a loan processor do?

A loan processor reviews and verifies loan applications, gathers necessary documentation, and ensures all information complies with lending guidelines. They coordinate with borrowers, underwriters, and lenders to facilitate the approval process and often use loan origination software. Attention to detail and knowledge of financial regulations are essential skills for this role.

Is it hard to become a loan processor?

Becoming a loan processor typically requires a high school diploma or equivalent, strong organizational skills, and attention to detail. Some employers prefer candidates with experience in banking or finance, and familiarity with loan processing software can be beneficial. The role often involves on-the-job training and may require passing a background check.
More about Loan Processor jobs
What are the most commonly searched types of Loan Processor jobs in Batavia, IL? The most popular types of Loan Processor jobs in Batavia, IL are:
What are popular job titles related to Loan Processor jobs in Batavia, IL? For Loan Processor jobs in Batavia, IL, the most frequently searched job titles are:
What cities near Batavia, IL are hiring for Loan Processor jobs? Cities near Batavia, IL with the most Loan Processor job openings:
Loan Processor jobs near you
Infographic showing various Loan Processor job openings in Batavia, IL as of July 2026, with employment types broken down into 1% As Needed, 85% Full Time, 10% Part Time, and 4% Contract. Highlights an 97% Physical, 1% Hybrid, and 2% Remote job distribution, with an average salary of $45,168 per year, or $21.7 per hour.
Loan Processor

Loan Processor

Belmont Bank & Trust Company

Chicago, IL • On-site

$60K - $70K/yr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 5 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.