Virtual Loan Processor Jobs in Chicago, IL (NOW HIRING)

Loan Processor

Position Summary

We are seeking a detail-oriented and highly organized Loan Processor to support the review, documentation, and funding of consumer loans. This role is responsible for ensuring loan applications are complete, accurate, compliant, and funded efficiently while partnering closely with loan officers and internal teams. The ideal candidate thrives in a fast-paced environment, can manage high volumes, and balances speed with exceptional attention to detail.

Key ResponsibilitiesLoan Review & Processing

• Review loan applications and supporting documentation for completeness, accuracy, and compliance.
• Audit loan files to ensure adherence to company policies, procedures, and regulatory requirements.
• Verify that all conditions, stipulations, and required documentation have been satisfied before funding.
• Process and fund loans once all requirements have been met.
• Generate loan contracts and distribute documents electronically through DocuSign or other approved methods.

Documentation & Compliance

• Ensure loan files meet internal quality standards and regulatory guidelines.
• Maintain accurate records and documentation throughout the loan lifecycle.
• Identify missing information and work with appropriate business partners to resolve discrepancies.
• Follow established loan origination procedures and funding requirements.

Internal Partnership & Communication

• Serve as a key partner to loan officers, sales teams, and internal departments to facilitate efficient loan processing.
• Communicate proactively regarding outstanding requirements, loan status updates, and funding needs.
• Respond promptly to inquiries and maintain high service levels for internal stakeholders.
• Collaborate with cross-functional teams to resolve issues and ensure timely loan completion.

Operations & Productivity

• Manage a shared queue of incoming loan applications and processing tasks.
• Prioritize workload effectively while meeting turnaround time and productivity goals.
• Handle a high volume of email communication, follow-up activities, and status tracking.
• Participate in testing, system updates, and process improvement initiatives as needed.

Types of Loans Processed

• Personal Loans
• Installment Loans
• Lines of Credit
• Auto Purchase Loans
• Auto Refinances
• Lease Buyouts
• Title-Secured Loans

Required Qualifications

• Experience in loan processing, consumer lending, banking, financial services, or related operations.
• Strong understanding of loan documentation and compliance requirements.
• Excellent attention to detail and accuracy.
• Ability to manage multiple priorities and deadlines in a high-volume environment.
• Strong written and verbal communication skills.
• Proficiency with Microsoft Office and business systems.
• Strong problem-solving and organizational abilities.

Preferred Qualifications

• Experience with consumer and auto loan processing.
• Familiarity with loan origination and core banking systems.
• Experience working in a fast-paced financial services environment.

Systems & Tools

• Microsoft Office Suite
• Loan Origination Systems (LOS)
• Electronic Signature Platforms (e.g., DocuSign)
• Core Banking Systems

Success in This Role

The ideal candidate is someone who can process loans quickly and accurately, maintain compliance standards, stay organized under pressure, and collaborate effectively with internal partners. Success is measured by turnaround times, quality, accuracy, productivity, and the ability to manage a high volume of loan files efficiently.

Key Skills

• Loan Processing
• Consumer Lending
• Banking & Financial Services
• Auto Loans
• Documentation Review
• Compliance & Quality Assurance
• Time Management
• Problem Solving
• Internal Stakeholder Communication
• Attention to Detail

Experience Level: Intermediate

Work Environment: Remote/Virtual collaboration with internal teams

Focus: Approximately 70% loan processing and 30% internal communication and follow-up activities.

Job Type & Location

This is a Contract position based out of Vernon Hills, IL.

Pay and Benefits

The pay range for this position is $22.00 - $22.00/hr.

Eligibility requirements apply to some benefits and may depend on your job classification and length of employment. Benefits are subject to change and may be subject to specific elections, plan, or program terms. If eligible, the benefits available for this temporary role may include the following: • Medical, dental & vision • Critical Illness, Accident, and Hospital • 401(k) Retirement Plan – Pre-tax and Roth post-tax contributions available • Life Insurance (Voluntary Life & AD&D for the employee and dependents) • Short and long-term disability • Health Spending Account (HSA) • Transportation benefits • Employee Assistance Program • Time Off/Leave (PTO, Vacation or Sick Leave)

Workplace Type

This is a hybrid position in Vernon Hills,IL.

Application Deadline

This position is anticipated to close on Aug 10, 2026.

About TEKsystems

We're partners in transformation. We help clients activate ideas and solutions to take advantage of a new world of opportunity. We are a team of 80,000 strong, working with over 6,000 clients, including 80% of the Fortune 500, across North America, Europe and Asia. As an industry leader in Full-Stack Technology Services, Talent Services, and real-world application, we work with progressive leaders to drive change. That's the power of true partnership. TEKsystems is an Allegis Group company.

The company is an equal opportunity employer and will consider all applications without regards to race, sex, age, color, religion, national origin, veteran status, disability, sexual orientation, gender identity, genetic information or any characteristic protected by law.

About TEKsystems and TEKsystems Global Services

We’re a leading provider of business and technology services. We accelerate business transformation for our customers. Our expertise in strategy, design, execution and operations unlocks business value through a range of solutions. We’re a team of 80,000 strong, working with over 6,000 customers, including 80% of the Fortune 500 across North America, Europe and Asia, who partner with us for our scale, full-stack capabilities and speed. We’re strategic thinkers, hands-on collaborators, helping customers capitalize on change and master the momentum of technology. We’re building tomorrow by delivering business outcomes and making positive impacts in our global communities. TEKsystems and TEKsystems Global Services are Allegis Group companies. Learn more at TEKsystems.com.

The company is an equal opportunity employer and will consider all applications without regard to race, sex, age, color, religion, national origin, veteran status, disability, sexual orientation, gender identity, genetic information or any characteristic protected by law.

San Francisco Fair Chance Ordinance: Pursuant to the San Francisco Fair Chance Ordinance, for all positions located in the city and county of San Francisco, we will consider for employment qualified applicants with arrest and conviction records.

Massachusetts Lie Detector: It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.

Use of Artificial Intelligence (AI): We may use Artificial Intelligence (AI) to support parts of our hiring process, including sourcing, screening, and evaluating candidates. AI helps assess applications and qualifications, but final decisions are made by our hiring team. By applying, you acknowledge and agree that your application may be reviewed using AI tools.