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Part Time Loan Processor Jobs in Chicago, IL (NOW HIRING)

PNC

Mortgage Loan Officer

Wheaton, IL

$37K/yr

To learn more about these and other programs, including benefits for full time and part-time ... required to participate in the application process, please contact us via email at ...

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PNC

Mortgage Loan Officer

Chicago, IL

$49K - $82K/yr

To learn more about these and other programs, including benefits for full time and part-time ... required to participate in the application process, please contact us via email at ...

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All JobsLoan Processor JobsPart Time Loan Processor JobsPart Time Loan Processor Jobs in Chicago, IL

Part Time Loan Processor information

See Chicago, IL salary details

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$31

How much do part time loan processor jobs pay per hour?

As of Aug 17, 2026, the average hourly pay for part time loan processor in Chicago, IL is $21.96, according to ZipRecruiter salary data. Most workers in this role earn between $18.61 and $24.76 per hour, depending on experience, location, and employer.

What does a part time loan processor do?

A Part Time Loan Processor is responsible for assisting in the preparation, review, and processing of loan applications for banks or lending institutions. They verify applicant information, gather required documents, and ensure all paperwork is accurate and compliant with regulations. Working part-time, they coordinate with applicants, loan officers, and underwriters to move loans through the approval process efficiently. Their role helps ensure timely funding and a smooth customer experience.

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

To thrive as a Part Time Loan Processor, you need strong attention to detail, knowledge of loan documentation, and familiarity with lending regulations, often supported by a high school diploma or equivalent experience in finance or banking. Proficiency with loan origination systems (LOS), document management software, and Microsoft Office is typically required. Excellent organizational skills, time management, and effective communication are crucial soft skills in this role. These abilities ensure accurate processing, timely approvals, and positive client experiences in a deadline-driven environment.

What are some common challenges faced by part time loan processors, and how can they effectively manage them?

Part-time loan processors often face the challenge of balancing workload and deadlines with reduced hours, which can make time management crucial. Additionally, staying up-to-date with documentation requirements and compliance regulations can be demanding when not working full time. Effective communication with loan officers, underwriters, and clients is key to ensuring files are processed accurately and on schedule. Utilizing organizational tools and clear task prioritization can help part-time processors keep pace and maintain high-quality work.

What is the difference between Part Time Loan Processor vs Full Time Loan Processor?

AspectPart Time Loan ProcessorFull Time Loan Processor
Work HoursLess than 30 hours/week30+ hours/week
CredentialsTypically same certifications as full-timeSame certifications as part-time
Work EnvironmentSame industry settings, flexible scheduleSame industry settings, full schedule
Job ResponsibilitiesProcessing loans, verifying documents, customer communicationSame responsibilities, more hours

Both part-time and full-time loan processors perform similar tasks, including processing loan applications and verifying documents. The main difference lies in work hours and schedule flexibility. Employers in the mortgage and lending industry often hire both roles, with responsibilities remaining consistent regardless of hours worked.

How do part time loan processors get paid?

Part time loan processors are typically paid an hourly wage or a fixed salary, depending on the employer. Some may also receive commissions or bonuses based on the number of loans processed or quality of work. Payment is usually issued weekly or biweekly through direct deposit or check.

Is a part time loan processor a difficult job?

A part-time loan processor's job involves reviewing loan applications, verifying information, and ensuring compliance with lending policies, which requires attention to detail and organizational skills. The difficulty level depends on workload, familiarity with loan software, and experience, but it generally involves routine tasks that can be managed with proper training and time management. The role may also require working within specific deadlines and maintaining accuracy under pressure.

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

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

What are popular job titles related to Part Time Loan Processor jobs in Chicago, IL?

For Part Time Loan Processor jobs in Chicago, IL, the most frequently searched job titles are:

What job categories do people searching Part Time Loan Processor jobs in Chicago, IL look for?

The top searched job categories for Part Time Loan Processor jobs in Chicago, IL are:

What cities near Chicago, IL are hiring for Part Time Loan Processor jobs?

Cities near Chicago, IL with the most Part Time Loan Processor job openings:

Part Time Loan Processor jobs near you
Infographic showing various Part Time Loan Processor job openings in Chicago, IL as of August 2026, with employment types broken down into 100% Part Time. Highlights an 58% In-person, 21% Hybrid, and 21% Remote job distribution, with an average salary of $45,680 per year, or $22 per hour.

Loan Originator - Inside Sales

Gold Star Mortgage Financial Group, Corporation

Chicago, IL • On-site

Full-time, Part-time

Re-posted 5 days ago

Job description

MORTGAGE LOAN ORIGINATOR – INSIDE SALES
Reports to: Sales Manager or Branch Manager
Department: Sales
Status: Regular, Full-Time or Part Time
FLSA Status: Exempt
Pay Grade: Salary plus Commission
Location: Hybrid from Chicago Office

SUMMARY amp; PURPOSE OF POSITION
We are a fast-growing, client-focused lending team looking for a motivated mortgage professional who is passionate about helping people achieve homeownership through safe, smart financial products. The ideal candidate is disciplined, service-oriented, and thrives in a supportive yet high-performance environment.
Inside Sales MLOs will be primarily responsible for using web-based marketing strategies and telephone
sales techniques to expand Gold Star’s lending footprint to all corners of the United States, from the
comfort of one of our branch offices. This position also offers the opportunity to interact with the
community by promoting Gold Star’s products to financial services professionals and the public at large.
PRIMARY POSITION-SPECIFIC RESPONSIBILITIES
 Consult with prospective borrowers to determine their financial objectives and goals,
review/analyze credit and financial data, and pre-qualify applicants;
 Present options and alternatives for various financial products that Gold Star offers, explain rates
and terms in an easy to understand manner, and answer questions regarding the financing process;
 Maintain an in-depth knowledge of highly technical and evolving underwriting/lending
guidelines, investor regulations, and utilize specialized knowledge of loan products to interpret
these guidelines to assist the borrower in his/her understanding;
 Assist in gathering required loan underwriting documentation, and be the borrower’s primary
point of contact with Gold Star, always leaving him or her with a favorable impression;
 Determine the financial products that best meet the customer’s needs and financial circumstances,
and provide advice on the advantages and disadvantages of different financial products;
 Negotiate loan rates and terms on behalf of the consumer, and apply the borrower’s unique credit
profile to loan scenarios in order to provide financial options to the consumer;
 Monitor the loan from the point of origination through closing, and work closely with processors,
underwriters, closers, and staff to facilitate a smooth and compliant transaction;
 Develop and maintain lifelong relationships with consumers, business partners, and colleagues;
 Attend and complete all required training, maintain knowledge of all lending policies, procedures,
guidelines, and regulations, and complete all licensing prerequisites and requirements;
 Provide unsurpassed customer service;
 Complete other duties as assigned.
PREFERRED EDUCATION/EXPERIENCE
 High school or equivalent required;
 An Associate’s degree from an accredited college preferred;
 At least one (1) year of experience in mortgage lending with demonstrated success in prospecting
and sourcing leads, telephone sales, and developing relationships required;
 Verifiable track record of recent successful purchase and referral based sales volume;
 Must have exceptional attention to detail and strong organizational skills;
 Outstanding work ethic and time management skills;
 Perform exceptionally well under pressure;
 Possess strong oral and written communication skills;
 Prior experience with Encompass, a plus.
PHYSICAL DEMANDS/ENVIRONMENT
The work environment is characteristic of an office setting. Rare lifting of up to 25lbs may be required.
Occasional travel may be required (generally less than 25%) to attend client closings, complete loan
applications, and meet with consumers.

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