Loan Processor Jobs in Cary, IL (NOW HIRING)

Old National Bank has been serving clients and communities since 1834. With over $70 billion in total assets, we are a regional powerhouse deeply rooted in the communities we serve. As a trusted partner, we thrive on helping our clients achieve their goals and dreams, and we are committed to social responsibility and investing in our communities through volunteering and charitable giving.

We continually seek highly motivated and talented individuals as our people are critical to our success. In return, we offer competitive compensation with our salary and incentive program, in addition to medical, dental, and vision insurance. 401K, continuing education opportunities and an employee assistance program are also included in our benefit suite. Old National also offers a variety of Impact Network Groups led by team members who are passionate about driving engagement, creating awareness of diverse backgrounds and experiences, and building inclusion across the organization. We offer a unique opportunity to join a growing, community and client-focused company that is firmly rooted in its core values.

The Consumer Centralized Processor is responsible for managing consumer loan files from application through closing readiness by coordinating documentation, satisfying underwriting and collateral requirements, and ensuring compliance with regulatory and bank standards.

This role serves as the primary operational liaison among borrowers, lenders, underwriting, loan documentation, real estate services, and third-party vendors to deliver an efficient, accurate, and seamless loan experience. The Consumer Centralized Processor owns the processing workflow, proactively advances loans through the pipeline, and ensures files are complete and ready for closing.

Salary Range

The salary range for this position is $18.25/Hr. - $29.75/Hr.. Final compensation will be determined by location, skills, experience, qualifications and the career level at which the position is filled.

Key Accountabilities

Manage the Consumer Loan Processing Lifecycle

Own assigned consumer loan files from application through closing readiness.
• Review loan applications and supporting documentation for completeness, accuracy, and compliance with underwriting requirements, regulatory standards, and bank policy.
• Monitor pipeline activity, prioritize workflow, clear conditions, and proactively resolve issues that may impact processing timelines.
• Ensure loan files are complete, accurate, and ready for document preparation, funding, and closing.

Deliver an Exceptional Customer and Partner Experience

• Serve as the primary point of contact for borrowers throughout the processing lifecycle.
• Communicate documentation requirements, outstanding conditions, timelines, and next steps to borrowers and business partners.
• Collaborate with Community Lenders, Underwriting, Loan Documentation, Real Estate Services, closing agents, and third-party vendors to advance loans efficiently through the process.
• Provide timely status updates and maintain consistent follow-up to minimize delays and deliver a seamless customer experience.

Ensure Quality, Compliance, and Operational Excellence

• Collect, review, and validate borrower, collateral, insurance, and payoff documentation required to support lending decisions.
• Verify information accuracy and ensure all loan documentation meets underwriting, regulatory, and internal policy requirements.
• Maintain complete and accurate records within applicable systems and document all loan activity.
• Identify, escalate, and resolve processing risks while supporting audit, quality control, and compliance objectives.
• Support closing preparation, scheduling, and funding readiness activities.

Key Competencies

• Customer Focus: Builds trust and confidence by delivering a responsive, accurate, and professional experience for borrowers and business partners throughout the loan process.
• Execution and Accountability: Takes ownership of assigned loan files, manages competing priorities effectively, and delivers timely, accurate results while meeting service level expectations.
• Attention to Detail: Maintains a high degree of accuracy in documentation review, condition clearing, system updates, and regulatory compliance activities.

Qualifications and Education Requirements

• High school diploma or equivalent required.
• 2+ years of experience in consumer lending, loan processing, loan operations, or related financial services experience preferred.
• Experience with consumer loan products, including real estate-secured lending and home equity products, preferred.
• Familiarity with loan origination systems, document management systems, and Microsoft Office applications.
• Knowledge of consumer lending documentation, underwriting requirements, and regulatory compliance standards.
• Proficiency with Excel and other Microsoft Office applications.
• Strong organizational, communication, and customer service skills with the ability to manage multiple priorities and deadlines.

Old National is proud to be an equal opportunity employer focused on fostering an inclusive workplace and committed to hiring a workforce comprised of diverse backgrounds, cultures and thinking styles.

As such, all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, protected veteran status, status as a qualified individual with disability, sexual orientation, gender identity or any other characteristic protected by law.

We do not accept resumes from external staffing agencies or independent recruiters for any of our openings unless we have an agreement signed by the Director of Talent Acquisition, SVP, to fill a specific position.

Our culture is firmly rooted in our core values.

We are optimistic. We are collaborative. We are inclusive. We are agile. We are ethical.

We are Old National Bank. Join our team!