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No Experience Loan Processor Jobs in Addison, IL

Belmont Bank & Trust Company

Loan Processor

Chicago, IL · On-site

$60K - $75K/yr

Belmont Bank & Trust is seeking an experienced Commercial Loan Processor to join our team. The ... No supervisory responsibilities are associated with this position. Work Environment: The work ...

Belmont Bank & Trust Company

Loan Processor

Chicago, IL · On-site

$60K - $75K/yr

Belmont Bank & Trust is seeking an experienced Commercial Loan Processor to join our team. The ... No supervisory responsibilities are associated with this position. Work Environment: The work ...

Alero Financial Credit Union

Loan Processor

Elgin, IL · On-site

$18.68 - $23.34/hr

Education & Experience * Minimum high school diploma or its equivalency and one-year experience in an office environment or customer service, preferably experience in loan processing in a credit ...

Symicor Group

Mortgage Loan Processor

Chicago, IL · On-site

$70K/yr

Experience using Loan Origination Systems (LOS) such as Encompass or similar software. * Mortgage processing certification (preferred but not required) * Experience with Fannie Mae, Freddie Mac, FHA ...

The Symicor Group

Mortgage Loan Processor

Chicago, IL · On-site

$70K/yr

Experience using Loan Origination Systems (LOS) such as Encompass or similar software. * Mortgage processing certification (preferred but not required) * Experience with Fannie Mae, Freddie Mac, FHA ...

Symicor Group

Mortgage Loan Processor/Closer

Chicago, IL · On-site

$56K/yr

Experience using Loan Origination Systems (LOS) such as Encompass or similar software. * Mortgage processing certification (preferred but not required) * Experience with Fannie Mae, Freddie Mac, FHA ...

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How much do no experience loan processor jobs pay per hour?

As of Sep 9, 2026, the average hourly pay for no experience loan processor in Addison, IL is $21.34, according to ZipRecruiter salary data. Most workers in this role earn between $18.08 and $24.09 per hour, depending on experience, location, and employer.

What is a no experience loan processor?

A No Experience Loan Processor job is an entry-level role in the mortgage or lending industry, where you assist in reviewing and processing loan applications. Employers typically provide on-the-job training, so prior experience isn't required. Responsibilities often include verifying financial documents, communicating with borrowers, and ensuring compliance with lending guidelines. Strong attention to detail, organization, and communication skills are essential. This role is a great starting point for a career in finance or banking.

What does a no experience loan processor do?

As a No Experience Loan Processor, your day generally involves reviewing loan applications, verifying applicant information, organizing documentation, and communicating with borrowers, loan officers, and other team members to ensure files are complete. You will often follow step-by-step procedures under the guidance of experienced colleagues, allowing you to build knowledge of industry compliance and company protocols. The environment is usually fast-paced but collaborative, with plenty of opportunities to ask questions and receive feedback. Over time, you’ll gain the experience needed for greater responsibility and advancement in the lending or financial services industry.

What are the key skills and qualifications needed to thrive as a no experience loan processor?

To thrive as a No Experience Loan Processor, you should possess strong attention to detail, organizational skills, and a high school diploma or equivalent. Familiarity with basic computer software, such as Microsoft Office and loan processing platforms, is often required, with on-the-job training provided for specialized systems. Outstanding communication, a willingness to learn, and the ability to manage multiple tasks efficiently help individuals stand out. These skills and qualities are important to ensure accuracy, compliance, and smooth coordination throughout the loan approval process.

How much do no experience loan processors make?

No experience loan processors typically earn between $30,000 and $45,000 annually, with entry-level positions often starting around minimum wage and increasing with training and responsibility. Salaries can vary based on location, employer, and the complexity of loan processing tasks performed.

Is a no experience loan processor a difficult job?

A no experience loan processor role typically involves reviewing loan applications, verifying information, and using processing software. While it may require learning industry-specific procedures and attention to detail, it is generally considered an entry-level position with on-the-job training, making it manageable for those new to the field.

What qualifications do I need to be a no experience loan processor?

A no experience loan processor typically needs a high school diploma or equivalent. Basic computer skills, attention to detail, and good communication are important, and on-the-job training is often provided to learn specific loan processing software and procedures.

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No Experience Loan Processor jobs near you
Infographic showing various No Experience Loan Processor job openings in Addison, IL as of August 2026, with employment types broken down into 1% As Needed, 76% Full Time, 18% Part Time, 1% Temporary, 3% Contract, and 1% Nights. Highlights an 88% Physical, 3% Hybrid, and 9% Remote job distribution, with an average salary of $44,391 per year, or $21.3 per hour.

Loan Processor

Chicago, IL • On-site

Belmont Bank & Trust Company
See more jobs at Belmont Bank & Trust Companyexternal

$60K - $75K/yr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Re-posted 18 days ago

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.


Monday - Friday 8:30 am- 5:00 pm
location: 8204 W Belmont Ave, Chicago IL 60634