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Loan Processor Jobs in Bolingbrook, IL (NOW HIRING)

Key Mortgage Services

Loan Officer Assistant

Schaumburg, IL

$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

$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 ...

VERVE A CREDIT UNION

Mortgage Loan Officer

Chicago, IL

$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 ...

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 ...

DR Horton, Inc.

Mortgage Mastery Trainee

Schaumburg, IL · On-site

  • Medical

  • Dental

  • Vision

Review Loan Processor reports daily. * Maintain accurate communication log and update LOS comments. * Attend department staff meetings as directed by Manager. * Other duties may be assigned.

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All JobsLoan Processor JobsLoan Processor Jobs in Bolingbrook, IL

Loan Processor information

See Bolingbrook, IL salary details

$13

$21

$30

How much do loan processor jobs pay per hour?

As of Aug 18, 2026, the average hourly pay for loan processor in Bolingbrook, IL is $21.06, according to ZipRecruiter salary data. Most workers in this role earn between $17.84 and $23.75 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 Bolingbrook, IL?

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

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

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

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

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

Loan Processor jobs near you
Infographic showing various Loan Processor job openings in Bolingbrook, IL as of August 2026, with employment types broken down into 1% As Needed, 78% Full Time, 15% Part Time, and 6% Contract. Highlights an 96% Physical, 2% Hybrid, and 2% Remote job distribution, with an average salary of $43,814 per year, or $21.1 per hour.

Loan Officer Assistant

Key Mortgage Services

Schaumburg, IL

$45K - $65K/yr

Full-time

Medical, Dental, Retirement, PTO

Re-posted 28 days ago

Job description

The Loan Officer Assistant (LOA) provides comprehensive support to one or more Loan Originators throughout the loan file production and submission process. This role is focused on delivering an exceptional experience to borrowers and referral partners while ensuring loan files are accurate, complete, and compliant with Key Express submission requirements. By managing day-to-day file support, the LOA enables Loan Originators to dedicate more time to business development and relationship building.

Essential Duties
  • Submit concise loan applications for the Loan Officer by auditing, reviewing and validating data entry to match supporting documentation
  • 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 determine what is needed
  • Track outstanding items on all loan files and follow up with borrowers for additional information & documents using point of sale system, Glyde, to ensure timely receipt of necessary documentation. 
  • Running AUS and notifying LO that the file is ready for review and Pre Approval
  • Understand income sources and accurately calculate borrower qualifying income  
  • Analyze credit reports to understand liabilities and identify potential issues 
  • Calculate housing and expenses ratios
  • Utilizing AUS tools (DU / LP) findings to obtain eligible / accept recommendations
  • Other duties may be assigned to provide coverage or additional administrative assistance

Licensed Duties

  • Has the ability to assist in discussing rate and terms with clients
  • Able to originate loans either for themselves or on behalf of the loan officer they support provided it does not impede the required support functions
  • Have knowledge of and ability to interpret mortgage program guidelines utilizing the available tools and software

Requirements

  • Minimum of 3 years loan processing or origination experience including conventional and government loan programs
  • Proficient in working with LOS system Encompass
  • Understanding of agency automated underwriting systems DU and LPA
  • Experience in communicating verbally with borrowers and referral partners
  • Has the ability to multi-task in a very fast paced environment
  • Excellent written and verbal communication skills
  • Must be organized, consistent and detail oriented  

Benefits

  • Medical
  • Dental
  • 401k with match
  • Paid Time Off
  • Volunteer Time Off
Salary
  • $45,000 - $65,000 + per file incentive

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