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Remote Loan Processor Jobs in Barrington, IL (NOW HIRING)

Fay Servicing

Special Loans Analyst I

Rosemont, IL · On-site +1

$18.51 - $24/hr

... loan documentation, assesses account status and performs detailed analysis to support decision-making processes. This position collaborates closely with other departments to ensure effective ...

Symicor Group

Credit Analyst - Job # 3448

Chicago, IL · Remote

$40/hr

Credit Analyst - To $40/hr - Remote - (1099/Contract) - Job # 3448 Who We Are The Symicor Group is ... The successful Credit Analyst candidate will be responsible for processing daily credit ...

CIBC US

Equipment Finance Operations Manager

Chicago, IL · On-site +1

$110K - $135K/yr

You'll oversee the preparation and review of loan and lease documentation, monitor collateral ... You'll also support payment processing, payoffs, and transaction monitoring while delivering a ...

CIBC

Equipment Finance Operations Manager

Chicago, IL · On-site +1

$110K - $135K/yr

You'll oversee the preparation and review of loan and lease documentation, monitor collateral ... You'll also support payment processing, payoffs, and transaction monitoring while delivering a ...

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All JobsLoan Processor JobsRemote Loan Processor JobsRemote Loan Processor Jobs in Barrington, IL

Remote Loan Processor information

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$13

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$30

How much do remote loan processor jobs pay per hour?

As of Aug 21, 2026, the average hourly pay for remote loan processor in Barrington, IL is $21.19, according to ZipRecruiter salary data. Most workers in this role earn between $17.93 and $23.89 per hour, depending on experience, location, and employer.

What is a remote loan processor?

A remote loan processor works from a remote location interview applicants who are seeking loans. Your goal in this work from home career is to obtain the information necessary for them to get the desired financing. As a remote loan processor, some of your responsibilities include examining an applicant’s application for accuracy, interviewing applicants, and verifying an applicant’s financial and personal information. Other duties include verifying applicant references, investigating their background, forwarding findings to the appropriate loan professionals and the appraisal department, preparing loan request papers, and completing transactions between borrowers, sellers, and loan establishments once the borrower receives approval.

What does a remote loan processor do?

As a remote loan processor, your job is to work from home in a virtual office to review an application and other documents from a client. In this role, you may help decide whether to finance their loan, create a report, or talk with the client to get verification of specific pieces of information. Most remote loan processors specialize in specific areas, such as mortgages or retail lending. Aside from reviewing documents for completion, you also look for signs of fraud and help to safeguard lending institutions. Most remote loan processing takes place in a time-sensitive environment with often 24 hours or less for processing paperwork, so the ability to consistently multitask and prioritize your work is essential to success in this field.

What are the key skills and qualifications needed to thrive as a remote loan processor, and why are they important?

A Remote Loan Processor is a financial professional who reviews and processes loan applications from a remote location, rather than working in a traditional office setting. They gather and verify required documentation, ensure loan files are complete, and work closely with loan officers, underwriters, and clients to move applications through the approval process. Using secure digital platforms, remote loan processors manage tasks such as data entry, credit checks, and compliance reviews. Their work helps streamline the mortgage or loan approval process for banks, credit unions, and other lending institutions.

How do remote loan processors typically communicate and collaborate with underwriters, loan officers, and other team members?

Remote Loan Processors rely heavily on digital collaboration tools and secure loan origination systems to coordinate with underwriters, loan officers, and other stakeholders. Regular communication often occurs through email, secure messaging platforms, and scheduled video meetings to ensure all parties are aligned on document requirements and loan status. Staying organized and proactive in providing updates is key to maintaining smooth workflows and meeting tight deadlines. Team structures vary, but most organizations foster a supportive environment with dedicated channels for quick questions and issue resolution.

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

AspectRemote Loan ProcessorRemote Underwriter
CredentialsLoan processing certifications, knowledge of mortgage documentsMortgage underwriting certifications, FHA/VA/Conventional knowledge
Work EnvironmentHome office, financial institutions, mortgage companiesHome office, financial institutions, mortgage companies
Industry UsageCommonly employed in mortgage lendingCommonly employed in mortgage lending
Primary RoleReview and verify loan documents, prepare files for approvalAssess risk, evaluate borrower qualifications, approve or deny loans

While both Remote Loan Processors and Remote Underwriters work in the mortgage industry and often from home, their roles differ. Loan Processors focus on gathering and verifying documents to prepare loans for approval, whereas Underwriters evaluate the risk and make final approval decisions. Understanding these distinctions helps job seekers identify the right position based on their skills and career goals.

How much do entry level remote loan processors make?

Entry-level remote loan processors typically earn between $35,000 and $50,000 annually, depending on the employer and location. Starting salaries may increase with experience, certifications, and proficiency with loan processing software and tools.
More about Remote Loan Processor jobs

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

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

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

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The top searched job categories for Remote Loan Processor jobs in Barrington, IL are:

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

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

Remote Loan Processor jobs near you
Infographic showing various Remote Loan Processor job openings in Barrington, IL as of August 2026, with employment types broken down into 1% As Needed, 75% Full Time, 18% Part Time, 1% Temporary, 4% Contract, and 1% Nights. Highlights an 96% Physical, 2% Hybrid, and 2% Remote job distribution, with an average salary of $44,072 per year, or $21.2 per hour.

Commercial Lender - To 165K + Bonus - Hybrid Remote (Schaumburg, IL) - Job # 30

The Symicor Group

Schaumburg, IL • On-site, Remote

$165K/yr

Full-time

Re-posted 10 days ago

Job description

The Position
Our bank client is seeking to fill a Hybrid Remote Commercial Lender role to be based in the Schaumburg, IL market. The successful candidate will make and service a variety of commercial loans. The candidate will also assist senior officers in handling larger and more complicated loans and provide other customer services as may be required.
This position offers a generous base salary of up to $165K plus bonus and an excellent benefits package. (This is a hybrid remote position).
Commercial Lender responsibilities include:
  • Developing and managing commercial loan accounts that meet established lending requirements and provide maximum profitability at minimum risk.
  • Collecting and analyzing information that reflects the current creditworthiness of customers and the current merits of existing loans.
  • Reviews and analyzes title reports or surveys to determine issues and any present or potential risks.
  • Analyzing the applicant's financial status, credit, and property evaluation to determine the feasibility of granting the loan or submitting an application to a credit analyst for verification and recommendation.
  • Meeting with applicants to obtain loan application information and answer questions about the process.
  • Guiding loans through the approval and closing process.
  • Explaining, promoting, cross-selling, or referring banks, insurance, and trust products or services.
  • Representing the Bank in the community through professional and civic involvement is critically important to this role.

Requirements
Who Are You?
You're someone who wants to influence your own development. You're looking for an opportunity where you can pursue your interests and your passion. Where a job title is not considered the final definition of who you are, but merely the starting point for your future.
You also bring the following skills and experience:
  • Bachelor's Degree required.
  • Six or more years of progressively greater responsibility and experience in the commercial lending area is a must.
  • $15MM in annual commercial loan production required.
  • Experience analyzing financial statements.
  • Completion of a formalized credit training program is preferred.
  • Thorough knowledge of Federal and State regulations covering commercial banking activities.
  • Strong analytical ability with effective written and verbal communication skills required.
  • Efficient use of Outlook, Word, and Excel applications.
  • Excellent interpersonal skills.

Benefits
This position offers a generous base salary of up to $165K plus bonus and an excellent benefits package. (This is a hybrid remote position).

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