Mortgage Loan Processor - To 70K - Chicago, IL - Job 3818-147004
The Symicor Group•Chicago, IL
•$70,000•Onsite
About The Position
Our community bank client is seeking to fill a Mortgage Loan Processor role in the Chicago, IL market. The successful candidate will be responsible for managing residential mortgage loan files from application through underwriting. This role ensures all documentation is complete, accurate, and compliant with lending regulations while coordinating with borrowers, loan officers, underwriters, title companies, and other third parties to facilitate a timely loan closing. The position includes a generous salary of up to $70K and an excellent benefits program.
Requirements
- High school diploma or equivalent; associate's or bachelor's degree preferred.
- 1–3 years of mortgage processing or mortgage industry experience preferred.
- Knowledge of conventional, FHA, VA, and USDA loan programs.
- Familiarity with mortgage compliance regulations and documentation requirements.
- Experience using Loan Origination Systems (LOS) such as Encompass or similar software.
- Experience with Fannie Mae, Freddie Mac, FHA, VA, and USDA guidelines
- Knowledge of TRID, RESPA, TILA, and HMDA regulations
- Proficiency with Microsoft Office, particularly Word, Excel, and Outlook.
Nice To Haves
- Mortgage processing certification
Responsibilities
- Review mortgage applications for completeness and accuracy.
- Collect and verify required documentation, including income, assets, employment, credit, and property information.
- Order and track appraisals, title reports, flood certifications, and other required documents.
- Prepare loan files for underwriting and submit complete packages.
- Communicate with borrowers to obtain missing documentation and provide status updates.
- Work closely with loan officers, underwriters, escrow/title companies, and closing agents.
- Review underwriting conditions and coordinate with borrowers to satisfy outstanding requirements.
- Ensure compliance with federal, state, investor, and company lending guidelines.
- Maintain accurate loan records and update loan origination systems.
- Monitor loan timelines to meet closing deadlines.
- Resolve documentation discrepancies and identify potential issues before closing.
Benefits
- excellent benefits program
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Education Level
Associate degree
