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Loan Processor Jobs in Chicago, IL (NOW HIRING)

ABOC

AVP Loan Operations

Chicago, IL · On-site

$70K - $90K/yr

Books commercial loans, processes commercial loan renewals and posts mortgage payments and advances properly within one business day of receipt. * Develops and maintains a sound working knowledge of ...

Centier

Mortgage Loan Officer

Crown Point, IN · On-site

$12.28/hr

Submit completed loan applications and all supporting documents to loan processing to begin processing of the loan. * Call applicants to resolve discrepancies such as derogatory credit, unlisted debt ...

M/I Homes

Loan Specialist

Naperville, IL · On-site

$24.04 - $36.57/hr

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

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

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 · 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 ...

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 ...

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All JobsLoan Processor JobsLoan Processor Jobs in Chicago, IL

Loan Processor information

See Chicago, IL salary details

$14

$21

$31

How much do loan processor jobs pay per hour?

As of Sep 5, 2026, the average hourly pay for loan processor in Chicago, IL is $21.96, according to ZipRecruiter salary data. Most workers in this role earn between $18.61 and $24.76 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 Chicago, IL?

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

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

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

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

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

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

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

Loan Processor jobs near you
Infographic showing various Loan Processor job openings in Chicago, IL as of August 2026, with employment types broken down into 100% Full Time. Highlights an 100% In-person job distribution, with an average salary of $45,680 per year, or $22 per hour.

Loan Officer- Inside Sales

Direct Mortgage Loans

Saint John, IN • On-site

$50K - $75K/yr

Full-time

Medical, Dental, Vision, Life

Re-posted 20 days ago

Key responsibilities

  • Manage and convert company-provided leads into full loan applications, guiding clients through the mortgage process.

  • Present loan options, educate clients, and ensure compliance throughout the loan process.

  • Coordinate with clients, agents, and team members to prepare, submit, and transition loan files, and provide updates and reminders.

Job description

Inside Loan Officer Sales Position (Client Care Loan Analyst)

As a Client Care Loan Analyst (CCLA), this is an inside sales-focused mortgage role where you’ll be the first point of contact in the loan process—working company-provided leads and converting them into successful clients. You’ll guide clients through applications, present loan options, ensure compliance, and deliver a seamless, educational, and professional experience. This position blends strong sales skills with client care and loan expertise, while collaborating closely with a high-performing team.

This position includes company-provided leads, allowing you to focus on converting qualified opportunities while delivering exceptional client experiences.

Key Responsibilities

  • Client Engagement Loan Applications

    • Manage and convert company-provided leads into full applications using the 1–6 CRM process.

    • Collect and verify client documentation (income, assets, credit, etc.).

    • Present tailored loan options and educate clients on the mortgage process.

    • Issue pre-approvals aligned with DML standards.

    • Provide updates and communicate with agents and clients throughout the process.

  • Coordination Communication

    • Train and support agents/clients on Simple Nexus app calculator.

    • Create and share co-branded applications and marketing materials.

    • Participate in lead capture rotations (nights/weekends) and prospecting calls.

    • Complete and submit weekly Greatness Tracker to Sales Manager.

  • Loan Structuring Locking

    • Structure loans and present the best options (terms, buy-downs, etc.).

    • Review Loan Estimates, cash-to-close figures, and payment breakdowns.

    • Ensure clients understand loan terms, payments, and expectations.

  • File Preparation Submission

    • Transition approved files to processing with full documentation.

    • Follow team communication standards for updates and submissions.

    • Provide reminders and guidance through the first payment process.

  • Business Professional Growth

    • Manage time effectively, focusing on high-value tasks.

    • Exceed production expectations while maintaining compliance.

    • Represent DML with professionalism and authenticity.

    • Consistently deliver excellent client experiences (5-star reviews).

    • Embody and promote DML’s mission, vision, and values.

Required Qualifications:

  • High school diploma or equivalent (Associate’s degree preferred).

  • Active NMLS license.

  • 2+ years of lending or related financial experience.

  • Strong communication, customer service, and organizational skills.

  • Ability to work nights/weekends as part of rotation.

Preferred Qualifications:

  • Encompass software experience.

  • Knowledge of FHA, VA, Fannie Mae, and conventional loan products.

  • Proficiency with Microsoft Office and CRM systems.

What We’re Looking For

  • Motivated, goal-oriented professionals with a positive attitude.

  • Team players who value respect, kindness, and collaboration.

  • Problem-solvers who thrive in a fast-paced, client-centered environment.

  • Individuals who balance sales focus with genuine care for clients.

  • Willingness to attend off-site client meetings as needed.

Compensation Benefits: 

  • $60,000 - $65,000 plus commission

  • Health, Dental Vision benefits available, along with supplementary benefits such as Life Insurance, Long Short-term Disability and more!

Join us and grow your career in an environment that values teamwork, client success, and professional development. Apply today to become a Client Care Loan Analyst at DML!