Loan Processing Specialist

  • Location
    Chicago, Illinois
  • Category
    Loan / Mortgage
  • Job reference:
  • Job type
    Direct Hire

We are currently partnering with one of Chicago's top community banks in searching for a Loan Processing Specialist to join their team located in Chicago, IL. This a Direct Hire Permanent role that will be blended on-site and remote. Compensation is very competitive and the organization offers incredible growth and stability. If you have at least 2 years of Loan Processing experience, and strong TRID knowledge please apply! We look forward to meeting you!

Loan Processing Specialist Responsibilities

  •  Process residential mortgage loan files from initial application to funding, ensuring timely and accurate packaging of all loans originated by our loan officers 
  • Review loan application and gather loan documents from the customer and third parties in support of the loan approval process, program parameters and investor guidelines 
  • Responsible for ensuring that all loan documentation is complete, accurate, verified and complies with company and/or investor policies 
  • Confirm that data entry in Encompass matches all loan documentation in the file 
  • Successfully work with Loan Officers, Underwriters and Funders to ensure that loan files are submitted to underwriting within expected timelines and that loan conditions are met as required throughout each stage of the loan process 
  • Build rapport with borrowers and provide on-going communication to the customer regarding loan status 
  • Work closely with the Loan Officer to finalize loan structure and ensure accurate figures for the Closing Disclosure to be generated 
  • Prepare file for loan closing and coordinate with all necessary parties involved 
  • Ensure lock and closing dates are met 
  • Qualifications

  • Adept at calculating income from salaried and self-employed borrowers 
  • Knowledge of TRID and compliance 
  • Excellent interpersonal, verbal and written communication skills 
  • Strong customer service skills – ability to build rapport quickly 
  • High level of accuracy and attention to detail 
  • Excellent time management skills and ability to organize, prioritize and handle multiple tasks simultaneously 
  • Minimum of 3 years of experience in Mortgage Processing 
  • Strong working knowledge of Encompass
  • Perks

  • Medical, Dental, Vision 
  • PTO, Paid Holidays, and Personal/Sick Time
  • 401k
  • Growth Opportunities 
  • Work Life Balance Leadership 

  • Equal Opportunity Employer/Veterans/Disabled

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