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Loan Processor Jobs in Zion, IL (NOW HIRING)

Work with the loan processor to provide any additional documentation as necessary and required by underwriting to clear conditions and close the loan. Job Requirements: * Must meet all NMLS ...

Work with the loan processor to provide any additional documentation as necessary and required by underwriting to clear conditions and close the loan. Job Requirements: * Must meet all NMLS ...

The primary responsibility is to bring in new loan requests into the bank for processing. The Loan Originator is the primary contact for the loan applicant. Essential Duties and Responsibilities

Loan Sales Specialist

Libertyville, IL ยท On-site

$18 - $22/hr

Develop newconnections andmaintainonesby engagingcustomers throughout the loan process and life cycle, presenting tailored solutions based on customer needs * Manage the life cycle of loans ...

Loan Sales Specialist

Libertyville, IL ยท On-site

$18 - $22/hr

Develop new connections and maintain ones by engaging customers throughout the loan process and life cycle, presenting tailored solutions based on customer needs * Manage the life cycle of loans ...

As a backup during staffing shortage - assist in processing loan agreements accurately and within required timelines * Verify insurance policies through communication with insurance markets * Track ...

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Loan Processor information

See Zion, IL salary details

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How much do loan processor jobs pay per hour?

As of Aug 21, 2026, the average hourly pay for loan processor in Zion, IL is $20.49, according to ZipRecruiter salary data. Most workers in this role earn between $17.36 and $23.12 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.

What are the most commonly searched types of Loan Processor jobs in Zion, IL?

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

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

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

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

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

Infographic showing various Loan Processor job openings in Zion, IL as of August 2026, with employment types broken down into 1% As Needed, 77% Full Time, 18% Part Time, 3% Contract, and 1% Nights. Highlights an 96% Physical, 2% Hybrid, and 2% Remote job distribution, with an average salary of $42,616 per year, or $20.5 per hour.

Hybrid Remote Consumer Loan Processor

TEKsystems

Vernon Hills, IL โ€ข Hybrid

$22/hr

Contractor

Medical, Dental, Vision, Life, Retirement, PTO

Posted 24 days ago


Job description

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 ensuring loan applications are complete, accurate, compliant, and funded efficiently while partnering closely with loan officers and internal teams. The ideal candidate thrives in a fast-paced environment, can manage high volumes, and balances speed with exceptional attention to detail.

Key ResponsibilitiesLoan Review & Processing
  • Review loan applications and supporting documentation for completeness, accuracy, and compliance.
  • Audit loan files to ensure adherence to company policies, procedures, and regulatory requirements.
  • Verify that all conditions, stipulations, and required documentation have been satisfied before funding.
  • Process and fund loans once all requirements have been met.
  • Generate loan contracts and distribute documents electronically through DocuSign or other approved methods.
Documentation & Compliance
  • Ensure loan files meet internal quality standards and regulatory guidelines.
  • Maintain accurate records and documentation throughout the loan lifecycle.
  • Identify missing information and work with appropriate business partners to resolve discrepancies.
  • Follow established loan origination procedures and funding requirements.
Internal Partnership & Communication
  • Serve as a key partner to loan officers, sales teams, and internal departments to facilitate efficient loan processing.
  • Communicate proactively regarding outstanding requirements, loan status updates, and funding needs.
  • Respond promptly to inquiries and maintain high service levels for internal stakeholders.
  • Collaborate with cross-functional teams to resolve issues and ensure timely loan completion.
Operations & Productivity
  • Manage a shared queue of incoming loan applications and processing tasks.
  • Prioritize workload effectively while meeting turnaround time and productivity goals.
  • Handle a high volume of email communication, follow-up activities, and status tracking.
  • Participate in testing, system updates, and process improvement initiatives as needed.
Types of Loans Processed
  • Personal Loans
  • Installment Loans
  • Lines of Credit
  • Auto Purchase Loans
  • Auto Refinances
  • Lease Buyouts
  • Title-Secured Loans
Required Qualifications
  • Experience in loan processing, consumer lending, banking, financial services, or related operations.
  • Strong understanding of loan documentation and compliance requirements.
  • Excellent attention to detail and accuracy.
  • Ability to manage multiple priorities and deadlines in a high-volume environment.
  • Strong written and verbal communication skills.
  • Proficiency with Microsoft Office and business systems.
  • Strong problem-solving and organizational abilities.
Preferred Qualifications
  • Experience with consumer and auto loan processing.
  • Familiarity with loan origination and core banking systems.
  • Experience working in a fast-paced financial services environment.
Systems & Tools
  • Microsoft Office Suite
  • Loan Origination Systems (LOS)
  • Electronic Signature Platforms (e.g., DocuSign)
  • Core Banking Systems
Success in This Role

The ideal candidate is someone who can process loans quickly and accurately, maintain compliance standards, stay organized under pressure, and collaborate effectively with internal partners. Success is measured by turnaround times, quality, accuracy, productivity, and the ability to manage a high volume of loan files efficiently.

Key Skills
  • Loan Processing
  • Consumer Lending
  • Banking & Financial Services
  • Auto Loans
  • Documentation Review
  • Compliance & Quality Assurance
  • Time Management
  • Problem Solving
  • Internal Stakeholder Communication
  • Attention to Detail

Experience Level: Intermediate

Work Environment: Remote/Virtual collaboration with internal teams

Focus: Approximately 70% loan processing and 30% internal communication and follow-up activities.

Job Type & Location

This is a Contract position based out of Vernon Hills, IL.

Pay and Benefits

The pay range for this position is $22.00 - $22.00/hr.

Eligibility requirements apply to some benefits and may depend on your job classification and length of employment. Benefits are subject to change and may be subject to specific elections, plan, or program terms. If eligible, the benefits available for this temporary role may include the following: โ€ข Medical, dental & vision โ€ข Critical Illness, Accident, and Hospital โ€ข 401(k) Retirement Plan โ€“ Pre-tax and Roth post-tax contributions available โ€ข Life Insurance (Voluntary Life & AD&D for the employee and dependents) โ€ข Short and long-term disability โ€ข Health Spending Account (HSA) โ€ข Transportation benefits โ€ข Employee Assistance Program โ€ข Time Off/Leave (PTO, Vacation or Sick Leave)

Workplace Type

This is a hybrid position in Vernon Hills,IL.

Application Deadline

This position is anticipated to close on Aug 10, 2026.

About TEKsystems

We're partners in transformation. We help clients activate ideas and solutions to take advantage of a new world of opportunity. We are a team of 80,000 strong, working with over 6,000 clients, including 80% of the Fortune 500, across North America, Europe and Asia. As an industry leader in Full-Stack Technology Services, Talent Services, and real-world application, we work with progressive leaders to drive change. That's the power of true partnership. TEKsystems is an Allegis Group company.

The company is an equal opportunity employer and will consider all applications without regards to race, sex, age, color, religion, national origin, veteran status, disability, sexual orientation, gender identity, genetic information or any characteristic protected by law.

About TEKsystems and TEKsystems Global Services

Weโ€™re a leading provider of business and technology services. We accelerate business transformation for our customers. Our expertise in strategy, design, execution and operations unlocks business value through a range of solutions. Weโ€™re a team of 80,000 strong, working with over 6,000 customers, including 80% of the Fortune 500 across North America, Europe and Asia, who partner with us for our scale, full-stack capabilities and speed. Weโ€™re strategic thinkers, hands-on collaborators, helping customers capitalize on change and master the momentum of technology. Weโ€™re building tomorrow by delivering business outcomes and making positive impacts in our global communities. TEKsystems and TEKsystems Global Services are Allegis Group companies. Learn more at TEKsystems.com.

The company is an equal opportunity employer and will consider all applications without regard to race, sex, age, color, religion, national origin, veteran status, disability, sexual orientation, gender identity, genetic information or any characteristic protected by law.

San Francisco Fair Chance Ordinance: Pursuant to the San Francisco Fair Chance Ordinance, for all positions located in the city and county of San Francisco, we will consider for employment qualified applicants with arrest and conviction records.

Massachusetts Lie Detector: It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.

Use of Artificial Intelligence (AI): We may use Artificial Intelligence (AI) to support parts of our hiring process, including sourcing, screening, and evaluating candidates. AI helps assess applications and qualifications, but final decisions are made by our hiring team. By applying, you acknowledge and agree that your application may be reviewed using AI tools.


TEKsystems logo

About TEKsystems

Sourced by ZipRecruiter

We're partners in transformation. We help clients activate ideas and solutions to take advantage of a new world of opportunity. We are a team of 80,000 strong, working with over 6,000 clients, including 80% of the Fortune 500, across North America, Europe and Asia. As an industry leader in Full-Stack Technology Services, Talent Services, and real-world application, we work with progressive leaders to drive change. That's the power of true partnership. TEKsystems is an Allegis Group company.

Industry

It services

Company size

1,001 - 5,000 Employees

Headquarters location

Hanover, MD, US