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Loan Processor Jobs in Northbrook, 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 ...

D.R. Horton

Loan Processor

Schaumburg, IL · On-site

$55K - $63K/yr

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

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 ...

DHI Mortgage

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 ...

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 ...

Accenture

Home Equity Loan Processor

Chicago, IL · On-site

$23.13 - $48.13/hr

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 ...

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Loan Processor information

See Northbrook, IL salary details

$13

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$31

How much do loan processor jobs pay per hour?

As of Aug 13, 2026, the average hourly pay for loan processor in Northbrook, IL is $21.62, according to ZipRecruiter salary data. Most workers in this role earn between $18.32 and $24.38 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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Cities near Northbrook, IL with the most Loan Processor job openings:

Loan Processor jobs near you
Infographic showing various Loan Processor job openings in Northbrook, IL as of August 2026, with employment types broken down into 88% Full Time, and 12% Part Time. Highlights an 88% In-person, 6% Hybrid, and 6% Remote job distribution, with an average salary of $44,972 per year, or $21.6 per hour.

Loan Processor

Belmont Bank & Trust Company

Chicago, IL • On-site

$60K - $70K/yr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

This job post has expired today. Applications are no longer accepted.

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.