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Remote Loan Processor Jobs in Chicago, 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 ...

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

Remote Loan Processor information

See Chicago, IL salary details

$14

$21

$31

How much do remote loan processor jobs pay per hour?

As of Sep 6, 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 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 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 August 2026, with employment types broken down into 100% Full Time. Highlights an 100% Remote job distribution, with an average salary of $45,680 per year, or $22 per hour.

NetCredit Application Support Representative (Remote)

Enova International

Chicago, IL • Remote

$17/hr

Full-time

Re-posted 7 days ago

Enova International rating

6.8

Company rating: 6.8 out of 10

Based on 5 frontline employees who took The Breakroom Quiz

Job description

We are interested in every qualified candidate who is eligible to work in the United States. However, we are not able to sponsor visas or take over sponsorship at this time.

This role is entirely remote; however, candidates must reside within 100 miles of either Chicago, IL, or South Jordan, UT #BI-Remote #LI-Remote

About the role:

Enova operates multiple consumer lending brands, each featuring distinct offerings and customer criteria. As an Application Support Representative, you will participate in an in-depth 3-week training program to specialize in a specific brand. Following the completion of training, your role will involve managing a high volume of inbound calls. You will interact with prospective customers to guide them through the loan application process, with the primary goal of converting these prospects into successful sales.

Responsibilities:

  • Manage incoming customer calls, providing expert guidance through the loan application process.
  • Proactively follow up with customers to encourage the completion of loan applications as necessary.
  • Ensure high levels of customer satisfaction by clearly explaining the features and benefits of Enova's products and services.
  • Maintain meticulous and up-to-date customer account records with accurate information.
  • Deliver exceptional customer service through clear, professional, and effective verbal and written communication.

Requirements:

  • Prior call center experience is a plus, but we value candidates with a proven background in fast-paced customer service environments.
  • Exceptional communication and active listening skills with a proven history of professionalism and empathy in customer interactions.
  • Proven ability to thrive in a high-volume environment by demonstrating exceptional adaptability and multi-tasking skills.
  • Comfortable utilizing new technology and have a proven ability to excel in a remote work environment.

Compensation:
The budgeted hourly rate for this position is $17.00. Additional compensation for this role may include bonus. All full-time employees are eligible to participate in Company benefits, described in more detail here.

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