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Mortgage Loan Processor Jobs in Springfield, IL (NOW HIRING)

United Community Bank

Loan Assistant

Springfield, IL

$34K - $43K/yr

Process Consumer and Commercial loans * Prepare documents on loan software (currently LaserPro for Commercial and Encompass for Mortgage) * Take loan applications when the loan officer is unavailable

The General

Commercial Loan Assistant

Springfield, IL · On-site

$23.38 - $29.74/hr

Effectively communicate with the loan processing team and ensure the successful completion of loan documentation. * Review loan documentation for accuracy prior to closing. * Assist with scheduling ...

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All JobsMortgage Loan Processor JobsMortgage Loan Processor Jobs in Springfield, IL

Mortgage Loan Processor information

See Springfield, IL salary details

$28.2K

$50.5K

$93.7K

How much do mortgage loan processor jobs pay per year?

As of Aug 10, 2026, the average yearly pay for mortgage loan processor in Springfield, IL is $50,450.00, according to ZipRecruiter salary data. Most workers in this role earn between $39,600.00 and $54,500.00 per year, depending on experience, location, and employer.

Is it hard to be a mortgage loan processor?

Mortgage loan processors review and verify loan documentation, which requires attention to detail, organizational skills, and knowledge of lending regulations. The job can be demanding during busy periods and often involves working under tight deadlines, but it generally requires specific training and familiarity with loan processing software. Success in this role depends on accuracy, communication skills, and the ability to handle repetitive tasks efficiently.

How do mortgage loan processors get paid?

Mortgage loan processors typically earn an hourly wage or a salary, depending on the employer. Some may also receive bonuses or commissions based on the number of loans processed or the efficiency of their work. Compensation can vary by experience, location, and company policies.

What are the key skills and qualifications needed to thrive as a mortgage loan processor?

To thrive as a Mortgage Loan Processor, you need a strong understanding of loan products, regulatory compliance, and attention to detail, typically supported by a high school diploma or associate degree in finance or related fields. Familiarity with loan origination systems (LOS), credit reporting software, and compliance platforms is commonly required. Excellent organizational skills, problem-solving ability, and effective communication with clients and lenders set top performers apart. These skills ensure accurate, timely processing of mortgage applications, reduce errors, and provide a seamless experience for clients and financial institutions.

What is a mortgage loan processor?

As a mortgage loan processor, you help clients understand their mortgage loan options and find the best loan to fit their needs. You research various loan programs and help customers complete applications. Your responsibilities as a mortgage loan processor include clear and honest communication with clients regarding the terms and conditions of the loan programs and the accurate completion and submission of necessary documents. Your goal is to successfully walk clients through the loan process, from start to finish, ensuring that they understand fully the obligation they are undertaking and that their application is accurate and complete.

What is the difference between Mortgage Loan Processor vs Mortgage Underwriter?

AspectMortgage Loan ProcessorMortgage Underwriter
Primary RolePrepares and reviews loan documentation, verifies borrower informationAssesses risk, evaluates loan files for approval
Required CredentialsTypically requires a high school diploma or equivalent; some certificationsOften requires similar credentials; certifications like CE or FHA underwriting
Work EnvironmentOffice setting, working closely with loan officers and borrowersOffice setting, analyzing loan files and making approval decisions
Industry UsageCommonly employed in mortgage lending companies and banksUsed in mortgage lending institutions to ensure loan quality

The main difference is that Mortgage Loan Processors prepare and verify loan documents, while Mortgage Underwriters evaluate and approve or deny loans based on risk assessment. Both roles are essential in the mortgage lending process and often work closely together to ensure smooth loan approval.

What are some common challenges a mortgage loan processor might face when managing multiple loan files simultaneously?

Mortgage Loan Processors often juggle several loan applications at once, which can be challenging due to tight deadlines and varying document requirements from borrowers and lenders. Staying organized is crucial, as missing or incomplete paperwork can delay approval or cause compliance issues. Effective communication with loan officers, underwriters, and clients is essential to quickly resolve any discrepancies and keep the process moving smoothly. Mastering time management and workflow prioritization helps processors ensure accuracy and timely closings.
More about Mortgage Loan Processor jobs
What are the most commonly searched types of Mortgage Loan Processor jobs in Springfield, IL? The most popular types of Mortgage Loan Processor jobs in Springfield, IL are:
What are popular job titles related to Mortgage Loan Processor jobs in Springfield, IL? For Mortgage Loan Processor jobs in Springfield, IL, the most frequently searched job titles are:
What job categories do people searching Mortgage Loan Processor jobs in Springfield, IL look for? The top searched job categories for Mortgage Loan Processor jobs in Springfield, IL are:
What cities near Springfield, IL are hiring for Mortgage Loan Processor jobs? Cities near Springfield, IL with the most Mortgage Loan Processor job openings:
Mortgage Loan Processor jobs near you
Infographic showing various Mortgage Loan Processor job openings in Springfield, IL as of August 2026, with employment types broken down into 1% As Needed, 74% Full Time, 22% Part Time, and 3% Contract. Highlights an 96% Physical, 2% Hybrid, and 2% Remote job distribution, with an average salary of $50,450 per year, or $24.3 per hour.

Mortgage Loan Processor

Bank Of Springfield

Springfield, IL • On-site

$40K - $50K/yr

Full-time

Posted 18 days ago

Job description

Mortgage Loan Processor

Full Time | 2nd & Madison Branch | Springfield, IL

About the Position

The Mortgage Loan Processor plays a key role in the residential lending process by preparing, reviewing, and coordinating mortgage loan files from application through closing. This position works closely with loan officers, underwriters, title companies, and other internal departments to ensure loan files are complete, accurate, and compliant while providing exceptional service throughout the process.

Essential Duties & Responsibilities

  • Review residential mortgage loan applications for completeness and accuracy.
  • Collect, review, and verify required borrower documentation, including income, assets, employment, and other supporting documents.
  • Communicate with borrowers, loan officers, title companies, appraisers, and other third parties to obtain required information and documentation.
  • Prepare and maintain complete loan files throughout the processing cycle.
  • Order and track appraisals, title work, flood certifications, verifications, and other required documentation.
  • Review title commitments and identify items requiring resolution prior to closing.
  • Ensure loan files meet investor, agency, and regulatory guidelines, including Conventional, FHA, VA, and USDA loan requirements.
  • Work with underwriting to satisfy loan conditions and facilitate timely loan approvals.
  • Utilize Encompass and other software systems to accurately manage and process loan files.
  • Maintain confidentiality of customer information and adhere to all bank policies and regulatory requirements.
  • Perform other duties as assigned.

Qualifications

  • Bachelor's degree or equivalent combination of education and related work experience preferred.
  • Previous experience in mortgage processing, residential lending, loan documentation, or a related banking role preferred.
  • Working knowledge of Conventional, FHA, VA, and USDA mortgage loan programs.
  • Knowledge of mortgage regulations, residential loan documentation, and compliance requirements.
  • Experience with Encompass or a similar Loan Origination System (LOS) preferred.
  • Strong organizational skills with the ability to manage multiple priorities and deadlines.
  • Excellent communication, customer service, and problem-solving skills.
  • Detail-oriented with a high degree of accuracy.
  • Proficiency in Microsoft Office applications.

Why Join Us?

Join a collaborative team committed to delivering exceptional service and helping customers achieve their homeownership goals. As a Mortgage Loan Processor, you'll play an essential role in guiding residential loans from application through closing while supporting an efficient, accurate, and customer-focused lending experience.


Benefits May Include the Following:

https://www.bankwithbos.com/careers/

Salary Range: The salary range for this position is $40,000.00 - $50,000.00/year, depending on experience and qualifications. In addition to the base salary, compensation may include bonuses, benefits, and other incentives.


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