Old Second National Bank · 2 days ago
Mortgage Loan Processor I, II or Senior
Downers Grove, Illinois, United States
Full-time
Hybrid
Entry, Mid, Senior Level
$46K/yr - $58K/yr
1+ years expOld Second National Bank has been serving the Chicago area for over 150 years, focusing on community and growth. The Mortgage Loan Processor will handle mortgage loan applications, ensuring accuracy and compliance while maintaining a pipeline of loans and collaborating with various stakeholders.
BankingFinanceFinancial Services
Responsibilities
Serve as a liaison between borrowers, loan officers, realtors, attorneys and underwriting to support loan approval
Collects/Orders appropriate documents and reviews to ensure they are complete and accurate including: Appraisal, flood, title, bank statements, homeowners insurance, verifications, credit, disclosures, AUS findings, condo documents, mortgage insurance, fraud system results, Early Check, and other third-party vendors
Maintains a monthly pipeline of 30-40 loans, closing approximately 20 loans per month
Maintains data integrity for information entered into loan system for FHA/VA/USDA/CONV/HELOC and HELoans
Organizes loan files in preparation for underwriting and validates income and matches assets to the documentation in the system
Reviews initial loan approval; works with the MLO to clear conditions
Resubmits loans for clear-to-close
Communicates daily with MLOs and Underwriters
Maintains a higher volume monthly pipeline of 40-50 loans, closing approximately 35 loans per month
Conducts pre-underwriting work with a focus on calculating income and assets; addresses potential obstacles prior to submission to Underwriting
Serves as a Processing SME, providing Processing guidance and direction to less experienced processors and MLOs
Qualification
Required
High school diploma (or equivalent) and one or more years of loan processing experience; or equivalent combination of education and experience
High school diploma (or equivalent) and two or more years of loan processing experience; or equivalent combination of education and experience
High school diploma (or equivalent) and four or more years of loan processing experience; or equivalent combination of education and experience
Loan processing software proficiency
Strong written and verbal communication skills
Strong organization and time management skills with excellent attention to detail and follow up
Proficiency in Word, Excel, internet navigation, FNMA DU and FHLMC LP
Ability to work independently and as part of a team
Maintains positive attitude, aptitude to lean, and the drive to grow in the mortgage business
Preferred
Focus in secondary market residential lending
Proficient in Encompass
Benefits
All levels eligible to participate in Mortgage Operations monthly incentive.
Company
Old Second National Bank
Old Second National Bank is a national banking organization that provides commercial, treasury management and retail banking services.
501-1000 employees
Funding
Current Stage
Public CompanyTotal Funding
$60M2021-04-20Debt Financing· $60M
1993-11-26IPO
Leadership Team
Jim Eccher
Chairman and CEO
Joe Gaffigan
President & Co-Founder O2 Sponsor Finance
Recent News
2025-12-16
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2025-12-09
The Real Deal
2025-11-02
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