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Remote Loan Processor Jobs in O Fallon, IL (NOW HIRING)

USA Mortgage

Mortgage Loan Analyst III

Creve Coeur, MO · Remote

$125K/yr

Fully Remote - This position is located in the United States. Currently, we are not able to employ ... POSITION SUMMARY DESCRIPTION Process and Underwrite Conforming Conventional, FHA, VA, USDA and ...

Dunmor

Loan Originator

Saint Louis, MO · 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 ...

Huntington

CIC Fund Investments Associate

Clayton, MO · On-site +1

$70K - $140K/yr

The individual will also help manage relationships with CIC loan officers and act as a liaison ... Acting as primary contact with the syndicator during the fund underwriting and closing process

Huntington

CIC Fund Investments Associate

Clayton, MO · On-site +1

$70K - $140K/yr

The individual will also help manage relationships with CIC loan officers and act as a liaison ... Remote roles will also have the opportunity to come together in our offices for moments that matter.

Huntington

CIC Fund Investments Associate

Clayton, MO · On-site +1

$70K - $140K/yr

The individual will also helpmanage relationships withCIC loan officers and act as a liaison ... Acting as primary contact with thesyndicatorduring thefundunderwriting and closing process

Vylla Home

Real Estate Agent Team Lead

Saint Louis, MO · Remote

$85K - $185K/yr

Join Vylla Home, where we're transforming the real estate process to create exceptional experiences ... Remote Job Type: Full-time Commission: $85,000.00 - $185,000.00 per year Experience level: * 2 ...

Vylla Home

Real Estate Agent Team Lead

Saint Louis, MO · Remote

$85K - $185K/yr

Join Vylla Home, where we're transforming the real estate process to create exceptional experiences ... Remote Job Type: Full-time Commission: $85,000.00 - $185,000.00 per year Experience level: * 2 ...

St. Louis County, MO

Informatics Specialist

Berkeley, MO · On-site +1

$56K - $68K/yr

Public Service Loan Forgiveness: We participate in this program to support your financial future ... process improvements aligned with Epic system capabilities. * Support system upgrades ...

Birch Creek Energy

Senior Real Estate Counsel

Saint Louis, MO · On-site +1

$135K - $184K/yr

The ability to work from our STL or LA office is a plus factor, but remote-work candidates are also ... Lead title review and curative processes for project sites, including analysis of title commitments ...

Birch Creek Energy

Senior Real Estate Counsel

Saint Louis, MO · Remote

$142K - $194K/yr

The ability to work from our STL or LA office is a plus factor, but remote-work candidates are also ... Lead title review and curative processes for project sites, including analysis of title commitments ...

Birch Creek Energy

Senior Real Estate Counsel

Saint Louis, MO · Remote

$142K - $194K/yr

The ability to work from our STL or LA office is a plus factor, but remote-work candidates are also ... Lead title review and curative processes for project sites, including analysis of title commitments ...

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Remote Loan Processor information

See O Fallon, IL salary details

$12

$19

$28

How much do remote loan processor jobs pay per hour?

As of Jul 27, 2026, the average hourly pay for remote loan processor in O'Fallon, IL is $19.87, according to ZipRecruiter salary data. Most workers in this role earn between $16.83 and $22.40 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 popular job titles related to Remote Loan Processor jobs in O'Fallon, IL? For Remote Loan Processor jobs in O'Fallon, IL, the most frequently searched job titles are:
What cities near O'Fallon, IL are hiring for Remote Loan Processor jobs? Cities near O'Fallon, IL with the most Remote Loan Processor job openings:
Remote Loan Processor jobs near you
Infographic showing various Remote Loan Processor job openings in O'Fallon, IL as of July 2026, with employment types broken down into 84% Full Time, 12% Part Time, and 4% Contract. Highlights an 100% Remote job distribution, with an average salary of $41,331 per year, or $19.9 per hour.
Mortgage Loan Analyst III

Mortgage Loan Analyst III

USA Mortgage

Creve Coeur, MO • Remote

$125K/yr

Other

Medical, Dental, Vision, Life, Retirement, PTO

Posted 11 days ago

Job description

Description

Job Description


Mortgage Loan Analyst III

Department/Branch: Underwriting/Corporate Operations

Reports to: Underwriting Vice President

FLSA Status: Non-Exempt

Work Schedule: Full-time 

Location: Fully Remote - This position is located in the United States. Currently, we are not able to employ candidates who will work from outside the U.S. for this role.


POSITION SUMMARY DESCRIPTION

Process and Underwrite Conforming Conventional, FHA, VA, USDA and Jumbo Loans. Accountable for the accurate, complaint, and timely processing and underwriting of residential mortgage loans from application through final approval and closing. Ensure loan files meet all company, investor, state, and federal guidelines by verifying documentation, analyzing risk, determining conditions, and issuing approval or denial decisions. Works collaboratively with internal partners to ensure quality loans, strong customer service, and adherence to productivity and quality control standards. 


Specific Responsibilities

  1. Organize, compile, verify, and analyze mortgage loan files. 
  2. Underwrite and evaluate residential mortgage loans.
  3. Determine loan eligibility, conditions, approvals, or denials in compliance with guidelines. 
  4. Communicate decisions clearly and meet departmental productivity and quality standards.
  5. Review residential loan applications for completeness, accuracy, and compliance.
  6. Calculate income, check for garnishments, review assets for large deposits, gifts, loans not on the credit report.  
  7. Review appraisal to ensure accuracy and completeness. Contact borrower for any additional information required.  
  8. Run AUS to ensure meet all required finding conditions. 
  9. Update all documentation received in encompass after file is submitted to MLA. 
  10. Order and coordinate loan documents.  
  11. Contact specified companies to collect information regarding the property's price, appraisal survey, and title insurance.  
  12. For non-delegated loan programs, submit mortgage loan application file for underwriting approval per established procedures. 
  13. Submit approved mortgage loan file to Mortgage Loan Closer for settlement per established procedures.
  14. Review and evaluate mortgage documentation, determine conditions, communicate with internal partners, resolve inconsistencies, prepare approval or denial, and ensure smooth loan progression through closing.
  15. Underwrite Conforming Conventional, FHA, VA and USDA loans, ensuring mortgage loan files are in compliance with established company, state and federal reporting guidelines. Strictly adhere to specified underwriting guidelines.
  16. Verify accuracy and evaluate documentation to meet agency guidelines associated with mortgage loan originations including but not limited to: application, income, asset, credit, appraisal, title information and condition loan accordingly.  
  17. Responsible for meeting productivity and Quality Control goals as required by management.
  18. Effectively communicate required conditions to expedite final approval of the file.
  19. Effectively provide excellent customer service and professionalism
  20. Determine if any loan conditions require further review for approval, requesting data in accordance with guidelines, clearing conditions.   
  21. Evaluate acceptability of loans to corporations that buy real estate loans on secondary mortgage markets, where existing mortgages are bought and sold by investors. 
  22. Keep abreast and maintain a working knowledge of all current underwriting guidelines, federal and state lending laws and adhere to all company quality control standards.
  23. Collaboratively work with mortgage loan originators by maintaining regular and open communication to resolve loan conditions.
  24. Effectively partner with interdepartmental associates to ensure smooth and efficient processing of all loans in the pipeline. Quickly resolve any issues regarding originated loans.
  25. Actively participate in ongoing efforts to continually improve customer service for internal and external customers.
  26. Required to leverage the tools and technology provided by the company to ensure efficiency and accuracy of the approval.
  27. Perform all other duties and tasks assigned.

Job Requirements


Broad Knowledge & Experience

Broad understanding of residential mortgage loans, and familiarity with mortgage loan products. Clear understanding of the current RESPA laws and guidelines. Detailed knowledge of processing, underwriting and closing procedures. Must be well versed in Conforming Conventional, FHA, VA, USDA, and Jumbo loan guidelines.

Above Average Skills

High degree of functional knowledge in subject matter and ability to communicate that expertise to all organizational levels within internal and external clients.

Demonstrated Ability

Ability to solve practical problems and deal with a variety of variables in situations where only limited standardization exists. Ability to interpret a variety of instructions furnished in writing, oral, diagram or schedule form. Ability to use the automated system, manage multiple files, work under pressure, and adapt to sudden changes in the work environment.  

General Knowledge

Positive attitude, planning and execution, strong work ethic.

Education & Experience

Degree or Equivalent

BA from four-year college or university; or equivalent combination of education and experience.

Years' Experience

Five plus years related experience and/or training

Specialized Training

Knowledge of Encompass Database software and Desktop Underwriter, Loan Prospector, FHA connection, VA.gov, completing VA NOV, USDA GUS, verification ordering and Data Verify Internet software is essential. Must be competent at self-employed income analysis.

Active Affiliations, Certifications

FHA DE, SAR and LAPP

Work Environment

Physical Demands

Office environment, Daily computer usage requires close vision. Regular attendance is required.

Work Conditions

Fast-paced, high-volume activities.

Temperament

In order to succeed in this position high attention to detail, organizational and team planning, and adherence to guidelines amidst a fast-changing environment is a must.


Benefits

Paid time off, paid holidays, volunteer time off.

Voluntary: Medical, dental, vision, HSA, FSA, Short-Term Disability, Voluntary Life Insurance, CHUBB Supplemental Insurance, Pet Insurance, 401K.

Company Paid: Long-Term Disability, Group Life Insurance, Employee Assistant Program (EAP), 401K Match, Employee Stock Ownership Plan (ESOP).

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