Loan Processor

Loan Processor

LaSalle Network is hiring on behalf of a loan provider in Summit, IL seeking a Loan Processor due to growth. The Loan Processor will play a key role in reviewing, analyzing, and processing consumer loan applications from submission through final determination. The Loan Processor works closely with internal teams, applicants, and external partners to deliver a seamless borrower experience. Familiarity with Loan Origination Systems such as GDS and Loan Management Systems like NLS (Nortridge) is strongly preferred.

Loan Processor Primary Responsibilities :

• Review incoming loan applications to confirm completeness, accuracy, and proper documentation.
• Enter, manage, and track applications using a Loan Origination System (LOS), monitoring status throughout the lifecycle.
• Process loan files in alignment with established procedures, credit standards, and regulatory expectations.
• Analyze credit profiles and risk indicators to determine borrower eligibility in accordance with underwriting criteria.
• Leverage Loan Management Systems (e.g., NLS / Nortridge) to evaluate payment histories and maintain accurate account records.
• Review and validate collateral documentation, when applicable, ensuring proper valuation and compliance.
• Work directly with applicants, internal teams, and third-party vendors to obtain missing or additional information.
• Provide clear and timely updates to loan officers, managers, and other stakeholders.
• Ensure adherence to federal, state, and local regulations, including consumer protection and fair lending requirements.
• Follow internal credit and risk management policies at all times.
• Identify opportunities to enhance underwriting and processing efficiency and accuracy.

Loan Processor Qualifications :

This position is based full time in Summit, IL. The pay for this position is between $70,000-80,000 annually with a discretionary bonus and benefits available including health, dental, and vision.