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

Constructive Loans, LLC

Loan Opener

Oakbrook Terrace, IL · Remote

$21.50 - $23/hr

Position Overview Reporting to the Processing Manager, Processing, this position is responsible for ... REMOTE NOTE: At this time, we are thoroughly reviewing all applications and will reach out directly ...

Constructive Loans, LLC

Loan Opener

Oakbrook Terrace, IL · Remote

Position Overview Reporting to the Processing Manager, Processing, this position is responsible for ... REMOTE NOTE: At this time, we are thoroughly reviewing all applications and will reach out directly ...

Dunmor

Loan Originator

Chicago, IL · On-site +1

Partner with internal teams such as Processing, Underwriting, and Valuations to ensure smooth and timely loan processing. * Act as a liaison between clients and operations to overcome challenges and ...

Obsidian Financial Services

Be Seen First

Licensed Mortgage Loan Officer

Schaumburg, IL · Remote

$70K - $300K/yr

Submit complete and accurate loan files to processing * Attend weekly loan and product training ... Ability to work independently in a remote environment Preferred Qualifications * Bilingual (Spanish ...

First American Bank

Mortgage Loan Officer

Bloomingdale, IL · On-site +1

$28K/yr

The Mortgage Loan Officer originates residential mortgage loans while building and maintaining ... This position serves as a trusted advisor, helping customers navigate the home financing process by ...

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Remote Loan Processor information

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How much do remote loan processor jobs pay per hour?

As of Jul 26, 2026, the average hourly pay for remote 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 is a Remote Loan Processor?

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 to make $1000 a week remotely?

A remote loan processor can potentially earn $1000 a week by working full-time hours, often 40 hours or more, and gaining experience or specialized skills such as underwriting or compliance. Increasing income may also involve taking on multiple clients, working overtime, or pursuing certifications that enhance earning potential within the role.

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.

How can I make $2000 a week working from home?

A remote loan processor can potentially earn $2000 a week by working full-time, handling a high volume of loan applications, and gaining experience to increase efficiency. Developing strong skills in data entry, customer service, and familiarity with loan processing software can improve productivity and earning potential. Some roles may also offer bonuses or commissions based on performance, contributing to higher weekly income.

What are the key skills and qualifications needed to thrive as a Remote Loan Processor, and why are they important?

To thrive as a Remote Loan Processor, you need a solid understanding of loan documentation, underwriting guidelines, and financial regulations, typically supported by experience in mortgage or lending environments. Familiarity with loan origination systems (LOS) such as Encompass or Calyx, and knowledge of compliance standards like TRID, are essential. Strong attention to detail, organizational skills, and effective communication set top performers apart in this remote role. These competencies ensure accurate loan processing, regulatory compliance, and efficient customer service, all of which are vital for successful loan closures.

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 Job of 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.

How much does a loan officer make on a $500,000 loan?

A loan officer typically earns a commission or fee based on the loan amount, often around 1% to 2%, which would be $5,000 to $10,000 for a $500,000 loan. Compensation can vary depending on the lender, location, and whether the role is salaried or commission-based, with some earning additional bonuses for high-volume loans.

Will MLO be replaced by AI?

A Mortgage Loan Originator (MLO) is a professional who guides borrowers through the mortgage process, and while AI tools can assist with tasks like data analysis and document processing, they are unlikely to fully replace MLOs due to the need for personalized customer service and complex decision-making. MLOs will continue to play a vital role in client interactions, compliance, and nuanced financial assessments. Skills in communication, regulatory knowledge, and familiarity with loan origination software remain essential in this field.

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.

More about Remote Loan Processor jobs
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 Remote Loan Processor jobs in Chicago, IL? For Remote Loan Processor jobs in Chicago, IL, the most frequently searched job titles are:
What job categories do people searching Remote Loan Processor jobs in Chicago, IL look for? The top searched job categories for Remote Loan Processor jobs in Chicago, IL are:
What cities near Chicago, IL are hiring for Remote Loan Processor jobs? Cities near Chicago, IL with the most Remote Loan Processor job openings:
Remote Loan Processor jobs near you
Infographic showing various Remote Loan Processor job openings in Chicago, IL as of July 2026, with employment types broken down into 90% Full Time, 6% Part Time, and 4% Contract. Highlights an 100% Remote job distribution, with an average salary of $45,680 per year, or $22 per hour.
Mortgage Loan Processor

Mortgage Loan Processor

MIDLAND FEDERAL SAVINGS AND LOAN ASSOCIATION

Bridgeview, IL • Remote

$55K - $65K/yr

Full-time

Medical, Dental, Vision, PTO

Posted 19 days ago

Job description

Job Title: Mortgage Loan Processor

Location: Remote

Job Type: Full Time

About Us:

Midland Federal Savings and Loan is a growing Bank / Mortgage Lender committed to helping individuals and families achieve their homeownership goals. We take pride in our customer-focused approach and high standards of accuracy, efficiency, and integrity.

Position Overview:

We’re seeking a detail-oriented Mortgage Loan Processor to join our team. The ideal candidate will be responsible for processing mortgage applications from start to finish—ensuring all documentation is complete, compliant, and ready for underwriting and closing. You’ll serve as a key point of contact between borrowers, loan officers, underwriters, and other stakeholders to move loans smoothly through the pipeline.

Key Responsibilities:

  • Review initial loan applications for completeness and accuracy.
  • Collect and verify borrower documentation (income, assets, credit, etc.).
  • Submit and track files through underwriting and closing stages.
  • Communicate regularly with loan officers, underwriters, and borrowers to resolve conditions and keep files on schedule.
  • Ensure compliance with all federal, state, and company lending regulations.
  • Maintain detailed records and meet processing deadlines.

Qualifications:

  • 2+ years of experience as a Mortgage Loan Processor (preferred).
  • Strong knowledge of FHA, VA, Conventional, and USDA loan programs.
  • Proficient in LOS systems
  • Excellent organizational and time management skills and high attention to detail.
  • Strong communication and customer service abilities (Written and Verbal)
  • Ability to manage multiple files in a fast-paced environment.
  • Ability to work with strict deadlines

What We Offer:

  • Competitive salary.
  • Health, dental, and vision insurance.
  • Paid time off.
  • Supportive, team-oriented work environment.
  • Opportunities for professional growth and advancement.