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

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 ...

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 ...

Sr Financial Recovery Rep (SBA)

Chicago, IL · On-site +1

$70K - $140K/yr

Works with moderately large and complex loans. May coach less experienced employees. Duties ... Establishes or works with management to develop effective controls and processes to ensure risks ...

DC Plan Administrator

Chicago, IL · On-site +1

$75K - $95K/yr

This role has support with loans and distributions processing, plan documents, and new plan onboarding. PLEASE NOTE: This is a fully remote position and can be performed from anywhere within the ...

Showing results 41-60

Remote Loan Processor information

See Berwyn, IL salary details

$13

$21

$31

How much do remote loan processor jobs pay per hour?

As of Aug 22, 2026, the average hourly pay for remote loan processor in Berwyn, IL is $21.60, according to ZipRecruiter salary data. Most workers in this role earn between $18.27 and $24.38 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.

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

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

Infographic showing various Remote Loan Processor job openings in Berwyn, IL as of August 2026, with employment types broken down into 1% As Needed, 73% Full Time, 21% Part Time, and 5% Contract. Highlights an 96% Physical, 2% Hybrid, and 2% Remote job distribution, with an average salary of $44,928 per year, or $21.6 per hour.

Remote Mortgage Banker - Nationwide

The Federal Savings Bank

Chicago, IL • On-site, Remote

Full-time

Re-posted 14 hours ago


Job description

Job Type
Full-time
Description
Now Hiring Experienced Mortgage Bankers Nationwide! The Federal Savings Bank is a veteran-owned, federally chartered private bank with loan production offices nationwide.
At The Federal Savings Bank, we have built strong relationships with a local realtors and builders across our lending footprint and we continue to build key partnerships. To further extract business from these partnerships, we are seeking qualified retail loan officers who want to help cultivate these relationships, build new ones, and work together to grow their business to the next level. Only experienced Mortgage Bankers will be contacted.
For more information please contact:
SARAH HELTON, VP of Business Development
Phone: 847-977-1858
Email: shelton@thefederalsavingsbank.com
What We Offer:
  • Federally Chartered Bank, Mortgage Bankers can originate in all 50 states without the hassle of state licensing
  • Personalized marketing options, robust marketing support program(s), mobile app, and the latest technology gives our Mortgage Bankers the edge they need to compete and win!
  • Experienced and highly trained operations staff for Processing, Underwriting, Closing and Post Closing (ALL 100% IN HOUSE). On-site operations support available in most loan production offices.
  • Quick turn times for Processing and Underwriting - Our goal is to get your loans closed in 30 days or less
  • Shared or dedicated Banker Assistants for the majority of our Retail Mortgage Bankers
  • Loan products for every scenario: FHA/VA, Conventional, USDA, Jumbo, 203k and Renovation, Portfolio, ITIN, Condos/Co-ops, Construction, HECM's, Multi-Family, Commercial, Personal Lending and more!
  • Strong Secondary Department with 55+ investor relationships and direct seller to Fannie Mae and Freddie Mac; Ginnie Mae approved
  • Bank-issued laptops create a secure environment for Bankers working in an office or remotely
  • Mentorship programs available to Sales Managers and Originators looking to grow their business and expand their teams.
  • Unique company culture where originators are encouraged to build their own brand within The Federal Savings Bank platform

Requirements
  • Minimum of three years of mortgage lending or retail mortgage banking experience
  • Three or more new purchase loans per month
  • Well-developed referral base, including realtors, past clients, financial planners, attorneys and/or accountants
  • College degree or equivalent work or military experience
  • Knowledge of real estate market in local area
  • Knowledge of FHA, VA, FNMA, FHLMC guidelines
  • Favorable credit history and background check

We are seeking experienced Mortgage Professionals with a minimum of 3 years of experience and actively working in the retail mortgage banking industry. Only qualified candidates will be considered.
The Federal Savings Bank is an equal opportunity employer . All applicants will be considered for employment without attention to race, color, religion, sex, sexual orientation, gender identity, national origin, veteran, or disability status.
Salary Description
Commission