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Banking Loan Processor Salary
in Chicago, Illinois

$45,961 (USD)

Average Salary

$22/hr

Average Hourly

$951

Average Bonus

Last updated: June 24, 2019

Salary Recap

The average pay for a Banking Loan Processor is $45,961 a year and $22 an hour in Chicago, Illinois, United States. The average salary range for a Banking Loan Processor is between $34,226 and $55,734. On average, a Bachelor's Degree is the highest level of education for a Banking Loan Processor. This compensation analysis is based on salary survey data collected directly from employers and anonymous employees in Chicago, Illinois.

Average Salary Chart

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Job Summary

Description:
  • Performs clerical and administrative support activities related to obtaining loans for borrowers.
  • Prepares papers and assembles documents to obtain loans for borrowers.
  • Forwards applications for loans, construction plans, credit ratings, and other related documents to loan company for approval.
  • Draws up closing papers.
  • Records deeds with title company and municipal authorities.
Banking Loan Processor Job Prevalence in Chicago, Illinois, United States

Job family: Loan Interviewers and Clerks

Job family population: 227,430

Estimated population of Banking Loan Processor jobs: 53,330

Rate of error: 1.6%

Salary Potential

Estimated salary in 2024:
$53,281
5 Year Change:
16 %

Education

Skills

About Chicago, Illinois

Chicago Cost of Living Score:

Description: Chicago ( (listen), locally also ), officially the City of Chicago, is the most populous city in Illinois, as well as the third most populous city in the United States. With an estimated population of 2,705,994 (2018), it is the most populous city in the Midwest. Chicago is the principal city of the Chicago metropolitan area, often referred to as Chicagoland, and the county seat of Cook County, the second most populous county in the United States. The metropolitan area, at nearly 10 million people, is the third-largest in the United States. Located on the shores of freshwater Lake Michigan, Chicago was incorporated...

Banking Loan Processor Job Listings for Chicago, Illinois

Loan Officer
Jun 14
Downers Grove, IL, USA
Kelly Services
One of our Clients, a top international bank, is currently seeking Loan Processors for long term temporary assignments with the chance of an extension. These positions are located in Downers Grove.
Outside Mortgage Loan Officer / Branch Manager Opportunity
Jun 4
Naperville, IL, USA
American Residential Lending
Tired of Banking overlays or lacking too many products, or bogged down with conservative ... Our underwriters are top tier, processing is extremely knowledgeable and organized, and operations ...
Banking Personal Relationship Rep
May 7
Schaumburg, IL, USA
Business Services Management Consulting
Adhere to all required compliance guidelines and processes and procedures to ensure all audit and ... Possess proficiency in all loan types, to include auto, home equity, personal, first mortgage ...
Relationship Banker - (New Build) - Madison & Halsted Branch - Chicago, IL
Jun 15
Chicago, IL, USA
JP Morgan Chase
Using the latest banking solutions combined with cutting edge financial technology you'll be front ... Any information obtained during the registration, update, and renewal processes or through NMLS ...
Relationship Banker - Chicago, IL (Michigan and Randolph Branch)
May 31
Chicago, IL, USA
JP Morgan Chase
Using the latest banking solutions combined with cutting edge financial technology you'll be front ... Any information obtained during the registration, update, and renewal processes or through NMLS ...
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