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

US Bank

Mortgage Loan Originator

Rock Island, IL · On-site

$20/hr

Originates mortgage loans in an assigned metropolitan territory. Takes applications, conducts ... Follows-up to ensure that documents required for processing, underwriting, and closing are secured ...

US Bank

Mortgage Loan Originator

Davenport, IA · On-site

$20/hr

Originates mortgage loans in an assigned metropolitan territory. Takes applications, conducts ... Follows-up to ensure that documents required for processing, underwriting, and closing are secured ...

US Bank

Mortgage Loan Originator

Bettendorf, IA · On-site

$20/hr

Originates mortgage loans in an assigned metropolitan territory. Takes applications, conducts ... Follows-up to ensure that documents required for processing, underwriting, and closing are secured ...

U.S. Bank

Mortgage Loan Originator

Davenport, IA · On-site

$20/hr

Originates mortgage loans in an assigned metropolitan territory. Takes applications, conducts ... Follows-up to ensure that documents required for processing, underwriting, and closing are secured ...

OHNWARD BANCSHARES

Mortgage Lender

Eldridge, IA

... loan processing and closing. Examines application and supporting documentation and estimating credit-worthiness. KEY ORGANIZATIONAL RELATIONSHIPS * Reports to Market President, Officer, SVP, or VP. * ...

OHNWARD BANCSHARES

Mortgage Lender

Eldridge, IA · On-site

... loan processing and closing. Examines application and supporting documentation and estimating credit-worthiness. KEY ORGANIZATIONAL RELATIONSHIPS * Reports to Market President, Officer, SVP, or VP. * ...

Consonus Healthcare

Occupational Therapist

Davenport, IA · On-site

$35.75 - $47/hr

... to senior care residents and facilities nationwide. As part of Marquis Companies, Consonus Health ... Student Loan Repayment up to $2,500/year * Medical/Dental/Vision Insurance * Paid Time Off Program ...

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

Senior Loan Processor information

See Milan, IL salary details

$29.1K

$62K

$83.6K

How much do senior loan processor jobs pay per year?

As of Aug 22, 2026, the average yearly pay for senior loan processor in Milan, IL is $62,016.00, according to ZipRecruiter salary data. Most workers in this role earn between $49,700.00 and $68,300.00 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 cities near Milan, IL are hiring for Senior Loan Processor jobs?

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

Senior Loan Processor jobs near you
Infographic showing various Senior Loan Processor job openings in Milan, IL as of August 2026, with employment types broken down into 1% As Needed, 77% Full Time, 18% Part Time, and 4% Contract. Highlights an 96% Physical, 2% Hybrid, and 2% Remote job distribution, with an average salary of $62,016 per year, or $29.8 per hour.

Loan Officer

IH Mississippi Valley Credit Union

Davenport, IA • On-site

$19 - $22/hr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Re-posted 20 days ago

IH Mississippi Valley Credit Union rating

8.3

Company rating: 8.3 out of 10

Based on 5 frontline employees who took The Breakroom Quiz

Job description

Join Our Team as a Loan Officer at IHMVCU!
IHMVCU is dedicated to supporting our members' financial well-being by fostering engagement, creating alignment with their goals and promoting continual growth. We are seeking a member focused Loan Officer with a passion for building lasting relationships and enhancing member satisfaction to join our team. We value strong interpersonal skills. If you excel at connecting with people and providing superior service, your experience will be a great match.
As a Loan Officer, you will play a crucial role in creating a welcoming experience for members while providing accurate financial transactions and personalized solutions to member needs. This position is based in Davenport, Iowa.
Education and Experience:
  • High School Diploma or equivalent, additional education in finance, business or related field is a plus.
  • Proven ability to identify and pursue new sales leads and business opportunities.
  • Proven success in new account opening and consumer loans origination.
  • High level of integrity and commitment to exceptional member service with genuine desire to help others.
  • Strong interpersonal and communication skills; ability to build rapport quickly.
  • Strong attention to detail skills and commitment to accuracy.
  • Team-oriented with the flexibility to adapt and support various member needs.

What are some of the responsibilities of Loan Officer?
  • Actively listen to members' needs to identify, assess and educate on solutions that may include products and services such as deposit accounts, loans and credit cards.
  • Handle a variety of transactions, including deposits, withdrawals, transfers, loan payments, and check cashing accurately and efficiently.
  • Opens new deposit accounts; originates and closes consumer loans; handles the collection of all required loan documents, i.e., financial statements, collateral verification; forwards to consumer loan operations for processing.
  • Responds to member inquiries regarding the operation of accounts, access to services, resolving account discrepancies, balancing, and reconciling, adding or reducing service features on various accounts, and assisting members to make the most effective usage of service offerings.
  • Completion of the following internal trainings within 6 months of starting the role, if not previously obtained: CDs, New Accounts (including Specialty Accounts), IRAs, Personal Loans and Vehicle Loans.
  • The pay range for this position is $19.00-$22.00. Final compensation for this position will be determined by various factors such as relevant work experience, specific skills and competencies, education, certifications and internal pay equity.

Being a team member of IHMVCU is more than just a job, we want to make differences in the communities we live in and serve. IHMVCU provides a healthy balance of benefits including resources and support:
  • Outstanding Training; We are committed to learning new skills and growing personally & professionally
  • Competitive compensation
  • 401(k) with company match and profit sharing
  • Paid time off with paid holidays
  • Life Insurance
  • Paid Community Volunteering
  • Education reimbursement
  • Fitness reimbursement
  • Health insurance including dental and vision
  • Flexible Spending Accounts & Health Savings Accounts
  • Employee Assistance Program (EAP)
  • Access to fitness center

We look forward to welcoming a new team member who shares our dedication to service and community. Move Up your career at IHMVCU with this great opportunity!
Physical Requirements
  • Standing: Remaining upright on the feet, particularly for sustained periods of time.
  • Walking: Moving about on foot to accomplish tasks, particularly for long distances or moving from one work site to another.
  • Talking: Expressing or exchanging ideas by means of the spoken word; those activities where detailed or important spoken instructions must be conveyed to other workers accurately, loudly, or quickly.
  • Hearing: Perceiving the nature of sounds at normal speaking levels with or without correction and having the ability to receive detailed information through oral communication and making fine discriminations in sound.
  • Finger, handle, touch: Picking, pinching, typing or otherwise working, primarily with fingers rather than with whole hand or arm as in handling. Applying pressure to an object with the fingers and palm.
  • Lifting Demands: Up to 50 lbs.
  • Visual Demands: Visual acuity to do things such as preparing and analyzing data and figures; transcribing; viewing a computer terminal; extensive reading; visual inspection involving small defects, small parts, and/or operation of machines (including inspection); using measurement devices; and/or assembly or fabrication of parts at distances close to the eyes.

What IH Mississippi Valley Credit Union employees say

Hours and flexibility

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