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Mortgage Processor Jobs in O Fallon, IL (NOW HIRING)

Bell Bank

Mortgage Processor

Saint Louis, MO · On-site

$38K - $53K/yr

Mortgage Loan Processor This position processes all mortgage loans assigned from the loan officers or supervisors by performing the following essential duties and responsibilities. Responsibilities:

Bell Bank

Mortgage Processor

Saint Louis, MO · On-site

$37K - $51K/yr

This position processes all mortgage loans assigned from the loan officers or supervisors by performing the following essential duties and responsibilities. Responsibilities * Review all new loan ...

Revity Credit Union

Mortgage Processor

Edwardsville, IL · On-site

$37K - $51K/yr

Role: To assist the Mortgage Loan Officer(s) and members with mortgage loan applications; process loan applications ensuring timely delivery, provide necessary follow up and perform post loan ...

GCS Credit Union

Mortgage Processor

Edwardsville, IL · On-site

$37K - $51K/yr

Role: To assist the Mortgage Loan Officer(s) and members with mortgage loan applications; process loan applications ensuring timely delivery, provide necessary follow up and perform post loan ...

New

Career Site

Mortgage Processor

Saint Louis, MO · On-site

$37K - $51K/yr

This position processes all mortgage loans assigned from the loan officers or supervisors by performing the following essential duties and responsibilities. Responsibilities * Review all new loan ...

Bank Of Springfield

Mortgage Lender

Shiloh, IL · On-site

$50 - $100/hr

Guide applicants through the mortgage process from application to closing. * Analyze borrower ... financial information, including credit reports, income, and assets, to determine eligibility.

Bank Of Springfield

Mortgage Lender

Shiloh, IL · On-site

$50K - $100K/yr

In this role, you will be responsible for originating residential mortgage loans, guiding borrowers through the home financing process, and building strong relationships with clients, realtors, and ...

Bank Of Springfield

Mortgage Lender

Shiloh, IL · On-site

$50K - $100K/yr

In this role, you will be responsible for originating residential mortgage loans, guiding borrowers through the home financing process, and building strong relationships with clients, realtors, and ...

USA Mortgage

Mortgage Loan Originator

Saint Louis, MO · On-site

$13.75/hr

Advise and educate clients on the home-buying or refinancing process and how to better manage their mortgages * Own and build your business within USA Mortgage with the support of our team ...

USA Mortgage

Mortgage Loan Originator

Saint Louis, MO · On-site

$13.75/hr

Advise and educate clients on the home-buying or refinancing process and how to better manage their mortgages * Own and build your business within USA Mortgage with the support of our team ...

USA Mortgage

Mortgage Loan Originator

Glen Carbon, IL · On-site

$15/hr

Advise and educate clients on the home-buying or refinancing process and how to better manage their mortgages * Own and build your business within USA Mortgage with the support of our team ...

Delmar Mortgage

Mortgage Shipping Coordinator

Saint Louis, MO · On-site

$16.75 - $21.50/hr

This position plays a critical role in Delmar Mortgage's post-closing process by ensuring loans are purchase-ready, compliant with investor and agency requirements, and free of documentation ...

iQuasar

Mortgage Clerk- Jr.

Saint Louis, MO · On-site

iQuasar LLC is hiring for a Mortgage Clerk- Jr. position. We strive to provide the next generation ... Process tasks, post payments, and record payoffs in LoanServ. * Update and maintain insurance ...

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All JobsMortgage Processor JobsMortgage Processor Jobs in O'Fallon, IL

Mortgage Processor information

See O Fallon, IL salary details

$26.6K

$47.5K

$88.1K

How much do mortgage processor jobs pay per year?

As of Sep 6, 2026, the average yearly pay for mortgage processor in O'Fallon, IL is $47,482.00, according to ZipRecruiter salary data. Most workers in this role earn between $37,300.00 and $51,300.00 per year, depending on experience, location, and employer.

What is a mortgage processor?

Mortgage processors are professionals who handle and organize the documentation and information required to process a mortgage loan application. They act as a liaison between the borrower, loan officer, and underwriter, ensuring that all necessary paperwork is complete, accurate, and submitted on time. Their responsibilities include verifying employment and financial information, ordering credit reports, coordinating appraisals, and tracking the progress of the loan application to ensure it moves smoothly toward approval and closing.

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

To thrive as a Mortgage Processor, you need a solid understanding of loan products, mortgage regulations, and financial documentation, typically supported by experience in the finance or real estate industry. Familiarity with loan origination systems (LOS), automated underwriting tools, and compliance software is essential. Strong organizational skills, attention to detail, and effective communication set outstanding processors apart. These skills ensure accurate, timely processing of loan applications, minimizing errors and delays while maintaining regulatory compliance.

What are the most common challenges faced by mortgage processors, and how can they be managed effectively?

Mortgage processors often encounter tight deadlines and frequent changes in documentation requirements, which can make staying organized challenging. Managing multiple loan files at different stages of completion requires strong attention to detail and effective communication with loan officers, underwriters, and clients. To succeed, it's helpful to develop robust organizational systems, stay updated on lending guidelines, and build excellent relationships with team members to quickly resolve any issues that arise during the process.

How much do entry level mortgage processors make?

Entry-level mortgage processors typically earn between $35,000 and $50,000 annually, depending on location and employer. Starting salaries may increase with experience, certifications, and proficiency with loan processing software such as Encompass or Calyx Point.

Is it hard to be a mortgage processor?

Mortgage processors handle the review and verification of loan documents, requiring attention to detail, organizational skills, and knowledge of lending guidelines. The role can involve repetitive tasks and tight deadlines, but it is generally manageable with experience and familiarity with processing software. Certification or training in mortgage lending can also improve efficiency and job performance.
More about Mortgage Processor jobs

What are popular job titles related to Mortgage Processor jobs in O'Fallon, IL?

For Mortgage Processor jobs in O'Fallon, IL, the most frequently searched job titles are:

What cities near O'Fallon, IL are hiring for Mortgage Processor jobs?

Cities near O'Fallon, IL with the most Mortgage Processor job openings:

Mortgage Processor jobs near you
Infographic showing various Mortgage Processor job openings in O'Fallon, IL as of August 2026, with employment types broken down into 94% Full Time, 4% Part Time, and 2% Contract. Highlights an 77% Physical, 4% Hybrid, and 19% Remote job distribution, with an average salary of $47,482 per year, or $22.8 per hour.

Mortgage Processor

Bell Bank

Saint Louis, MO • On-site

$38K - $53K/yr

Other

Posted 15 days ago

Bell Bank rating

6.5

Company rating: 6.5 out of 10

Based on 8 frontline employees who took The Breakroom Quiz

148th of 175 rated banks

Job description

Mortgage Loan Processor

This position processes all mortgage loans assigned from the loan officers or supervisors by performing the following essential duties and responsibilities.

Responsibilities:

  • Review all new loan applications within 72 hours of receipt of file to ensure compliance with all investor agency/federal compliance guidelines.
  • Update loan files, the mortgage computer system, and the tracking system as information is received; prepare final loan package for closing and final approval.
  • Determine information needed from customers to successfully process the loan, obtain credit reports, order appraisals, title binders, surveys and tax transcripts; mail verification of deposit, verification of employment, and verification of mortgage forms, and update loan files and tracking systems when forms are returned.
  • Review and analyze credit documents for accuracy and compliance with investor/agency guides. Identify potential problems and discusses them with loan officer and/or supervisor.
  • Serve as the contact for borrowers, sellers, and agents involved in loan file, notifying and working with them to resolve any problems that may arise.
  • Submit the loan file directly to the underwriting department without prior review from supervisor. If necessary prepare cover letter highlighting compensating factors. Follow up on all outstanding underwriting conditions and resubmit as needed.
  • Provide calculation of borrower's income according to investor/agency guides, including but not limited to borrowers with multiple sources of income.
  • Follow and monitor the schedule of closing with title companies.
  • Prepare loan file for closing, hazard insurance binder, H06 for condominiums and PUDs, complete TRID checklist.
  • Final HUD review.
  • Update loan officers with current file status weekly.
  • Assist post-closing with any investor pend issues.
  • Remain informed of all aspects of investor/agency/compliance policies that affect the processing of mortgage loans.
  • Remain knowledgeable of all loan programs offered.
  • Respond in a timely manner to quality control inquiries/exceptions on all audit reviews.

Bell Bank Culture, Policy and Accountability Standards:

  • Know and live Bell Bank's values, bottom line, customer service standards, Golden Rules, and LOCBUTN by building personal connections with customers and employees and using their names as often as possible.
  • Conduct activities consistent with established Bell Bank policies, procedures and systems, the Code of Conduct, the Bank Secrecy Act and all applicable state and federal laws and regulations.
  • All employees are responsible for information security, including compliance with policies and standards which protect sensitive information.
  • Prompt and reliable attendance.
  • Perform other duties as assigned.

Education, Experience, and Other Expectations:

  • H.S. Diploma or General Education Degree (GED)
  • 2-4 years of mortgage loan processing experience.

Knowledge, Skills, and Abilities:

  • Full understanding of FHA/VA, FNMA, FHLMC, FDIC Compliance, ATR/QM, mortgage audit underwriting, appraisal and investor guidelines.
  • Proficient computer and accurate typing skills.
  • Ability to function efficiently and effectively under deadlines and stress while maintaining a professional and mature profile.
  • Ability to manage time, prioritize and multi-task.
  • Ability to work extremely well with internal and external customers using excellent written and oral communication skills.
  • Detail oriented with the ability to put puzzle pieces together.
  • Ability to work well with people with diversified personalities.
  • Ability to work as a team member.
  • Self-motivated to research and problem solve.

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