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Loan Processor Jobs in Elgin, IL (NOW HIRING)

D.R. Horton

Loan Processor

Schaumburg, IL · On-site

$55K - $63K/yr

  • Medical

  • Dental

  • Vision

  • Life

  • Retirement

  • PTO

Loan Processor *** *in the Branch Department. 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 ...

DR Horton

Loan Processor

Schaumburg, IL · On-site

$55K - $63K/yr

  • Medical

  • Dental

  • Vision

  • Life

  • Retirement

  • PTO

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

  • Medical

  • Dental

  • Vision

  • Life

  • Retirement

  • PTO

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

  • Medical

  • Dental

  • Vision

  • Life

  • Retirement

  • PTO

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 ...

The Symicor Group

Mortgage Loan Processor

Chicago, IL · On-site

$70K/yr

About the Job Mortgage Loan Processor - To $70K - Chicago, IL - Job # 3818-147004 Who We Are: The Symicor Group is a boutique talent acquisition firm based in Schaumburg, IL & Rockport, TX. Our ...

TEKsystems

Hybrid Remote Consumer Loan Processor

Vernon Hills, IL · Hybrid

$22/hr

  • Medical

  • Dental

  • Vision

  • Life

  • Retirement

  • PTO

Loan Processor Position Summary We are seeking a detail-oriented and highly organized Loan Processor to support the review, documentation, and funding of consumer loans. This role is responsible for ...

Accenture

Home Equity Loan Processor

Chicago, IL · On-site

$23.13 - $48.13/hr

  • Medical

  • Dental

  • Vision

  • Life

  • Retirement

  • PTO

The Home Equity Loan Processor will: Key Responsibilities: * Ability to meet production, quality and service standards with emphasis on delivering exquisite customer service * Manage a large pipeline ...

Lakeside Bank

Mortgage Loan Processer/Closer

Oak Brook, IL · On-site

$19 - $28/hr

  • Medical

  • Dental

  • Vision

  • Life

  • Retirement

  • PTO

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 Elgin, IL

Loan Processor information

See Elgin, IL salary details

$13

$21

$30

How much do loan processor jobs pay per hour?

As of Aug 15, 2026, the average hourly pay for loan processor in Elgin, 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 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.

More about Loan Processor jobs

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

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

Loan Processor jobs near you
Infographic showing various Loan Processor job openings in Elgin, IL as of August 2026, with employment types broken down into 94% Full Time, and 6% Part Time. Highlights an 100% In-person job distribution, with an average salary of $43,799 per year, or $21.1 per hour.

Loan Processor

D.R. Horton

Schaumburg, IL • On-site

$55K - $63K/yr

Other

Medical, Dental, Vision, Life, Retirement, PTO

Posted 28 days ago

D.R. Horton rating

7.4

Company rating: 7.4 out of 10

Based on 34 frontline employees who took The Breakroom Quiz

35th of 80 rated construction

Job description

D.R. Horton, Inc., the largest homebuilder in the U.S., was founded in 1978 and is a publicly traded company on the New York Stock Exchange. It is engaged in the construction and sale of high quality homes designed principally for the entry-level and first time move-up markets. The Company also provides mortgage financing and title services for homebuyers through its mortgage and title subsidiaries. Please visit our website atwww.drhorton.comfor more information.

D.R. Horton, Inc. is currently looking for a**Loan Processor*** *in the Branch Department. 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 and Responsibilities

  • Oversee the receipt of a file from a Loan Officer through Final Approval

  • Review the file for correct stacking order, AU findings for initial determination, and appropriate documentation. Input any changes into the computer systems and re-run for a correct AU determination. Provide the status of a file to all parties

  • Submit all files to a DHI Underwriter at your Regional Underwriting Center, and review conditions when received from underwriting. When all conditions are received, make any changes necessary to the computer system and resubmit to the AU system

  • Read updates and comply with all Quality Control policies, attending QC meetings as scheduled. Review all files for DHI Mortgage required checklists, and respond to all QC write-ups within 10 calendar days

  • Review Loan Processor, Project to Close, and Timeline Exception reports daily. The Loans in Process Report should be reviewed on a weekly basis

  • Review the Loan Officer's "needs list"

  • Maintain an accurate communication log

  • Attend weekly processor meetings as directed by the Branch Manager

  • Reconcile the Fee Summary Sheet

  • Additional duties as assigned

  • Conduct all business in a professional and ethical manner to serve customers and increase the goodwill and profit of the company

*Education and/or Experience *

  • One-year certificate from college or technical school
  • Three to six months of related experience and/or training
  • Ability to apply common sense understanding to carry out instructions furnished in written oral form or via DRH applications
  • Proficiency with MS Office and email

Preferred Qualifications

  • Strong written communication skills and attention to detail
  • Ability to accurately and efficiently process and record large amounts of data

Come join a winning team with a Fortune 500 company! We are growing fast and are looking for enthusiastic attitudes and team players to join our success. We offer an excellent benefits package including:

  • Medical, Dental and Vision
  • 401(K)
  • Employee Stock Purchase Plan
  • Flex Spending Accounts
  • Life & Disability Insurance
  • Vacation, Sick, Personal Time and Company Holidays
  • Multiple Voluntary and Company provided Benefits*//*

/Build YOUR future with D.R. Horton, America’s Builder. #WeBuildPeopleToo/

Job: *Financial Services

Organization: *Mortgage

Title: Loan Processor

Location: Illinois-Schaumburg

Requisition ID: 2603573

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