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Senior Loan Processor Jobs in Elgin, IL (NOW HIRING)

D.R. Horton

Loan Processor

Schaumburg, IL · On-site

$55K - $63K/yr

R. Horton, Inc. is currently looking for a Loan Processor in the Branch Department. The right candidate will process mortgage loans and provide a high level of customer service to our builders as ...

Alero Financial Credit Union

Loan Processor

Elgin, IL · On-site

$18.68 - $23.34/hr

Loan Processor Reports To: Lending Manager Grade Level: 6 Full Salary Range: $18.68 - $28.02 Hiring Salary Range: $18.68 - $23.34 Primary Responsibilities : Responsible for working with lending staff ...

DHI Mortgage

Loan Processor

Schaumburg, IL · On-site

$55K - $63K/yr

The right candidate will process mortgage loans and provide a high level of customer service to our builders as well as our home buyers. Annual Salary Range is $55,000 to $63,000. Essential Duties ...

Symicor Group

Mortgage Loan Processor

Chicago, IL · On-site

$70K/yr

Mortgage Loan Processor - To $70K - Chicago, IL The Symicor Group is a boutique talent acquisition firm based in Schaumburg, IL & Rockport, TX. Our nationally unique value proposition centers around ...

The Symicor Group

Mortgage Loan Processor

Chicago, IL · On-site

$70K/yr

About the Job Mortgage Loan Processor - To $70K - Chicago, IL - Job # 3818-147004 Who We Are: The Symicor Group is a boutique talent acquisition firm based in Schaumburg, IL & Rockport, TX. Our ...

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All JobsLoan Processor JobsSenior Loan Processor JobsSenior Loan Processor Jobs in Elgin, IL

Senior Loan Processor information

See Elgin, IL salary details

$30.1K

$64.2K

$86.5K

How much do senior loan processor jobs pay per year?

As of Aug 23, 2026, the average yearly pay for senior loan processor in Elgin, IL is $64,163.00, according to ZipRecruiter salary data. Most workers in this role earn between $51,400.00 and $70,700.00 per year, depending on experience, location, and employer.

What does a senior loan processor do?

A Senior Loan Processor is responsible for reviewing and processing loan applications, verifying applicant information, collecting and organizing financial documents, and ensuring that loans comply with all regulatory and lender guidelines. They work closely with loan officers, underwriters, and clients to resolve any issues and ensure a smooth and timely loan approval process. As senior professionals, they may also mentor junior processors and help implement process improvements to increase efficiency and accuracy.

What are the key skills and qualifications needed to thrive as a senior loan processor?

To thrive as a Senior Loan Processor, you need in-depth knowledge of mortgage loan products, underwriting guidelines, and regulatory compliance, typically supported by experience in mortgage processing or related certifications. Proficiency with loan origination systems (LOS), document management platforms, and automated underwriting systems is essential for efficiency. Strong attention to detail, problem-solving skills, and effective communication help build trust with clients and facilitate smooth transactions. These abilities are crucial for ensuring accurate, timely loan processing and maintaining regulatory and customer service standards.

How does a senior loan processor typically collaborate with underwriters and loan officers during the mortgage approval process?

A Senior Loan Processor serves as a vital liaison between loan officers and underwriters, ensuring all necessary documentation is accurate and complete before underwriting review. They regularly communicate with loan officers to clarify borrower information, address outstanding conditions, and expedite the collection of required items. Processors also work closely with underwriters to resolve any discrepancies or questions that arise during the approval process, helping streamline the workflow and maintain compliance with lending guidelines. This collaboration is essential for timely and efficient loan closures.

How much do entry level senior loan processors make?

Entry-level senior loan processors typically earn between $40,000 and $55,000 annually, depending on location and company size. They often require familiarity with loan processing software and strong attention to detail, with some positions offering additional benefits or bonuses based on performance.

Is a senior loan processor a difficult job?

A senior loan processor's job involves reviewing and verifying loan documentation, ensuring compliance, and coordinating with lenders and borrowers. It requires attention to detail, strong organizational skills, and knowledge of loan processing software, making it moderately challenging depending on workload and complexity of loans. Experience and familiarity with regulations can help manage the job's demands effectively.

What are the most commonly searched types of Loan Processor jobs in Elgin, IL?

The most popular types of Loan Processor jobs in Elgin, IL are:

What are popular job titles related to Senior Loan Processor jobs in Elgin, IL?

For Senior Loan Processor jobs in Elgin, IL, the most frequently searched job titles are:

What job categories do people searching Senior Loan Processor jobs in Elgin, IL look for?

The top searched job categories for Senior Loan Processor jobs in Elgin, IL are:

What cities near Elgin, IL are hiring for Senior Loan Processor jobs?

Cities near Elgin, IL with the most Senior Loan Processor job openings:

Senior Loan Processor jobs near you
Infographic showing various Senior Loan Processor job openings in Elgin, IL as of August 2026, with employment types broken down into 1% As Needed, 80% Full Time, 16% Part Time, and 3% Contract. Highlights an 96% Physical, 2% Hybrid, and 2% Remote job distribution, with an average salary of $64,163 per year, or $30.8 per hour.

Senior Loan Processor

U.S. Mortgage Funding

Naperville, IL • On-site

Full-time

Re-posted 17 days ago

Job description

Company Description
About us:
U.S. Mortgage Funding has experienced explosive growth since its inception in 2018 as a leading Direct Mortgage Lender. Currently, we have offices located in Naperville, IL and Elgin, IL. Our team is incredibly innovative with a relentless pursuit for efficiency and improvement in all levels of the organization. U.S. Mortgage Funding was founded with a mission to develop a seamless, transparent and highly efficient residential mortgage and home ownership experience with industry leading technology and 40 plus years of combined lending experience. Built upon hard work and a strong reputation, the U.S. Mortgage Funding team has the knowledge and tools to help evaluate customer needs while simplifying the entire loan process from start to finish. Home is where the heart is and we strive to make the experience simple and meaningful.
Job Description
Accountabilities:
  • Move loans from submission to clear to close in a fast and efficient manner
  • Think outside the box and provide solutions to complicated U/W conditions and scenarios
  • Work with Appraisal Manager and place appraisal orders
  • Analyze loan approvals & coordinate with LOs to obtain conditions
  • Collect documentation needed for loan approvals
  • Analyze and accurately calculate borrower income
  • Work with your sales team and meet closing deadlines
  • Comprehensive understanding of guidelines on all loan types
  • Meet turn time requirements for certain tasks

Why is this role for you?
Are you eager to be a part of an exciting company that is rooted in strong values and leadership? Are you proactive in nature, always seeking new challenges and growth opportunities? The Senior Loan Processor role is your chance to join a collaborative and forward-thinking team. If you are interested in developing your skills with an opportunity to grow within the company, opportunity knocks!
Why U.S. Mortgage Funding?
We keep it simple; our core principles are built around enjoying a positive and high energy environment. You will have a unique chance to be part of a high-performance team that values independence and collaboration. We are growth oriented and we want our team members to succeed and grow as fast as their abilities will allow. There is no limit to what we are willing to do for our team members and you will have direct access to the Co-Founders of the company, your ideas and suggestions are valued!
Qualifications
What you bring to our winning team:
  • 3-5 years loan processing experience required
  • Excellent computer skills and efficiency
  • Familiarity with financial and lending practices
  • Individual must possess strong communication skills, excellent time management skills; and a strong focus on customer service.
  • Ability to build rapport with clients
  • Strong analytical and mathematical skills
  • Desire to grow, take on new tasks, overcome objections
  • Positive "can do" attitude
  • Bilingual preferred but not required (Spanish)

Additional Information
Why is this role for you?
Are you eager to be a part of an exciting company that is rooted in strong values and leadership? Are you proactive in nature, always seeking new challenges and growth opportunities? The Senior Loan Processor role is your chance to join a collaborative and forward-thinking team. If you are interested in developing your skills with an opportunity to grow within the company, opportunity knocks!
Why U.S. Mortgage Funding?
We keep it simple; our core principles are built around enjoying a positive and high energy environment. You will have a unique chance to be part of a high-performance team that values independence and collaboration. We are growth oriented and we want our team members to succeed and grow as fast as their abilities will allow. There is no limit to what we are willing to do for our team members and you will have direct access to the Co-Founders of the company, your ideas and suggestions are valued!

Apply