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

Loan Syndications - Portfolio Manager

Chicago, IL · On-site +1

$160K - $180K/yr

... process from start to finish. You'll ensure the accuracy of underwriting and drive efficient ... Details on your work arrangement (proportion of on-site and remote work) will be discussed at the ...

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Remote Loan Processor information

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$13

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How much do remote loan processor jobs pay per hour?

As of Jul 13, 2026, the average hourly pay for remote loan processor in Romeoville, IL is $21.72, according to ZipRecruiter salary data. Most workers in this role earn between $18.37 and $24.52 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.

What are popular job titles related to Remote Loan Processor jobs in Romeoville, IL? For Remote Loan Processor jobs in Romeoville, IL, the most frequently searched job titles are:
What job categories do people searching Remote Loan Processor jobs in Romeoville, IL look for? The top searched job categories for Remote Loan Processor jobs in Romeoville, IL are:
What cities near Romeoville, IL are hiring for Remote Loan Processor jobs? Cities near Romeoville, IL with the most Remote Loan Processor job openings:

Loan Syndications - Portfolio Manager

CIBC US

Chicago, IL • On-site, Remote

$160K - $180K/yr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 11 days ago


Job description

We're building a relationship-oriented bank for the modern world. We need talented, passionate professionals who are dedicated to doing what's right for our clients.

At CIBC, we embrace your strengths and your ambitions, so you are empowered at work. Our team members have what they need to make a meaningful impact and are truly valued for who they are and what they contribute.

To learn more about CIBC, please visit CIBC.com

What you'll be doing

As part of the Commercial Banking team, you'll build lasting relationships with business owners and executives across the country to help them achieve their ambitions. As the Loan Syndications Director, you'll play a critical role in supporting the Middle Market Commercial & Industrial (C&I) Lending business by managing the loan syndication origination and amendment process from start to finish. You'll ensure the accuracy of underwriting and drive efficient execution of multi-bank transactions. In addition to your core responsibilities, you'll support broader infrastructure initiatives, contribute to internal reporting, and mentor junior team members. Your expertise in credit, lending, syndicated bank transactions, and debt capital markets will be central to your success in this highly analytical and detail-oriented role.

Details on your work arrangement (proportion of on-site and remote work) will be discussed at the time of your interview.

How you'll succeed

Partner Collaboration - Distribute and communicate transaction information to co-lenders by preparing marketing materials such as bank books, Confidential Information Memorandums (CIMs), and teasers. Arrange and participate in bank meetings with co-lenders, including occasional travel, and collaborate with Agency Services to execute syndication closings.
Transaction Management - Critically review underwriting and legal documentation, manage existing agented transactions, and lead the amendment process for previously closed syndications.
Reporting and Data Sharing - Produce accurate and timely reports for internal use, external data sharing, senior management, and various auditors.
Market and Industry Insight - Maintain up-to-date knowledge of market trends and industry dynamics, especially as they relate to credit and syndicated bank transactions, and effectively communicate findings to internal partners and external clients.
Team Development - Mentor junior team members and contribute to the team's broader infrastructure initiatives.


Who you are

You're a relationship builder. You excel at developing trust with clients, partners, and colleagues through professional and meaningful interactions.
You have strong analytical skills. Your attention to detail and ability to critically review complex documentation set you apart in managing multi-bank transactions.


You're experienced in credit and lending. You bring a solid background in C&I credit, syndicated bank transactions, and debt capital markets.
You're a resourceful self-starter. You thrive in a fast-paced environment, working independently and proactively to drive results.


You're process-driven. You have a structured approach to managing workflows and ensuring accuracy throughout the syndication process.
Values matter to you. You bring your real self to work, and you live our values - trust, teamwork, and accountability.

California residents - your privacy rights regarding your actual or prospective employment

At CIBC, we offer a competitive total rewards package. This role has an expected salary range of$160,000.00 - $180,000.00for the market based on experience, qualifications, and location of the position. The successful candidate may be eligible toparticipatein the relevant business unit's incentive compensation plan, which may also include a discretionary bonuscomponent. CIBC offers a full range ofbenefits and programs to meet our employee's needs; including Medical, Dental, Vision, Health Savings Account, Life Insurance, Disability, and Other Insurance Plans, Paid Time Off (including Sick Leave, Parental Leave and Vacation), Holidaysand 401(k), in addition to other specialperksreserved for our team members.

#LI-TA

This position does not offer visa sponsorship.

What CIBC Offers

At CIBC, your goals are a priority. We start with your strengths and ambitions as an employee and strive to create opportunities to tap into your potential. We aspire to give you a career, rather than just a paycheck.

  • We work to recognize you in meaningful, personalized ways including a competitive salary, incentive pay, banking benefits, a benefits program*, a vacation offering, wellbeing support, and MomentMakers, our social, points-based recognition program.

  • Our spaces and technological toolkit will make it simple to bring together great minds to create innovative solutions that make a difference for our clients.

  • We cultivate a culture where you can express your ambition through initiatives like Purpose Day; a paid day off dedicated for you to use to invest in your growth and development.

*Subject to plan and program terms and conditions

What you need to know

  • CIBC is committed to creating an inclusive environment where all team members and clients feel like they belong. We seek applicants with a wide range of abilities and we provide an accessible candidate experience. If you need accommodation, please contact Mailbox.careers-carrieres@cibc.com

  • You need to be legally eligible to work at the location(s) specified above and, where applicable, must have a valid work or study permit.

  • We may ask you to complete an attribute-based assessment and other skills tests (such as simulation, coding, MS Office). Our goal for the application process is to get to know more about you, all that you have to offer, and give you the opportunity to learn more about us.

Job Location

IL-120 S LaSalle St

Employment Type

Regular

Weekly Hours

40

Skills

Analytical Thinking, Business Banking, Business Development, Client Service, Financial Advising, Mergers and Acquisitions (M&A), Portfolio Management, Researching, Results-Oriented