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2 Loan Processor Jobs in Quincy, IL

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Town & Country Bank Midwest
Quincy, IL | Full Time
$38k-48k (estimate)
2 Months Ago
United Community Credit Union
Quincy, IL | Full Time
$39k-49k (estimate)
1 Day Ago
Loan Processor
$38k-48k (estimate)
Full Time 2 Months Ago
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Town & Country Bank Midwest is Hiring a Loan Processor Near Quincy, IL

Job Overview:
We are seeking a detail-oriented and experienced Loan Processor to join our team. As a Loan Processor, you will be responsible for reviewing and verifying loan applications, ensuring compliance with financial regulations, and facilitating the loan approval process. Your strong attention to detail and knowledge of financial services will be crucial in ensuring accurate and efficient loan processing.

Duties:
- Review loan applications for completeness and accuracy
- Verify borrower information, employment history, credit reports, and financial documents
- Ensure compliance with Fair Housing regulations, TILA, FNMA guidelines, and other relevant regulations
- Communicate with loan officers, underwriters, and borrowers to gather any additional required documentation
- Prepare loan files for underwriting review
- Coordinate with escrow companies to ensure timely closing of loans
- Maintain accurate records of all loan transactions
- Provide excellent customer service to borrowers throughout the loan process

Experience:
- Previous experience as a Loan Processor or in a similar role within the banking or financial services industry
- Strong knowledge of loan processing procedures and requirements
- Familiarity with escrow processes and documentation
- Proficiency in using 10-key typing for data entry
- Excellent mathematical skills for calculating loan figures and interest rates

Benefits:
- Competitive salary based on experience
- Health insurance coverage
- Retirement savings plan options
- Paid time off and holidays

If you have the necessary skills and experience to excel as a Loan Processor, we would love to hear from you.

Town & Country Bank Midwest is an equal opportunity employer and supports diversity in the workplace. Qualified applications will receive consideration for employment without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran. Our HR department will reach out to the applicants who meet the qualifications and are most closely aligned with requirements of the position.

Job Type: Full-time

Pay: $17.00 - $19.00 per hour

Expected hours: 40 per week

Benefits:

  • 401(k)
  • 401(k) matching
  • Dental insurance
  • Health insurance
  • Paid time off

Schedule:

  • 8 hour shift

Experience:

  • Customer service: 1 year (Preferred)

Ability to Relocate:

  • Quincy, IL 62301: Relocate before starting work (Required)

Work Location: In person

Job Summary

JOB TYPE

Full Time

SALARY

$38k-48k (estimate)

POST DATE

03/29/2024

EXPIRATION DATE

05/27/2024

WEBSITE

tcbankmidwest.com

HEADQUARTERS

Quincy, IL

SIZE

<25

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The job skills required for Loan Processor include Customer Service, Underwriting, Data Entry, Credit Reports, Attention to Detail, Loan Review, etc. Having related job skills and expertise will give you an advantage when applying to be a Loan Processor. That makes you unique and can impact how much salary you can get paid. Below are job openings related to skills required by Loan Processor. Select any job title you are interested in and start to search job requirements.

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The following is the career advancement route for Loan Processor positions, which can be used as a reference in future career path planning. As a Loan Processor, it can be promoted into senior positions as a Loan Processor III that are expected to handle more key tasks, people in this role will get a higher salary paid than an ordinary Loan Processor. You can explore the career advancement for a Loan Processor below and select your interested title to get hiring information.

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If you are interested in becoming a Loan Processor, you need to understand the job requirements and the detailed related responsibilities. Of course, a good educational background and an applicable major will also help in job hunting. Below are some tips on how to become a Loan Processor for your reference.

Step 1: Understand the job description and responsibilities of an Accountant.

Quotes from people on Loan Processor job description and responsibilities

A loan processor reviews loan applications before sending them to the underwriter for approval.

01/11/2022: Springfield, IL

A loan processor will constantly work with computers and other electronic devices.

02/23/2022: Harlingen, TX

Loan officers evaluate, authorize, or recommend approval of loan applications.

01/09/2022: Orange, CA

Loan processors have to request additional documentation that may not be readily available for an applicant, like bank statements from several months ago or past years’ tax documents.

01/08/2022: Memphis, TN

Not only do loan processors collect and organize all of the loan documents, but they also order and organize various third-party requirements.

03/12/2022: Grand Forks, ND

Step 2: Knowing the best tips for becoming an Accountant can help you explore the needs of the position and prepare for the job-related knowledge well ahead of time.

Career tips from people on Loan Processor jobs

Analyze applicant's financial status, credit, and property evaluation to determine the feasibility of granting the loan.

03/14/2022: Burlington, VT

Analyze potential loan markets to develop prospects for future loans.

01/23/2022: Cincinnati, OH

Approve the loan within specified time limits.

03/06/2022: Helena, MT

Communicate With Current and Potential Customers.

03/07/2022: Pensacola, FL

The most common types of unsecured loan are credit cards, student loans, and personal loans.

02/27/2022: Reading, PA

Step 3: View the best colleges and universities for Loan Processor.

Florida Southern College
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