Mortgage Loan Processor Salary in Oakbrook Terrace, Illinois

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Average Salary for Mortgage Loan Processor in Oakbrook Terrace, Illinois

The average salary of a(n) Mortgage Loan Processor in Oakbrook Terrace, Illinois is $27,006.

The average hourly rate of a(n) Mortgage Loan Processor in Oakbrook Terrace, Illinois is $12.98.

The average bonus of a(n) Mortgage Loan Processor in Oakbrook Terrace, Illinois is $408.00.

Job Description:

Processes mortgage loans by verifying, compiling, and typing application information. Checks residential loan application file to verify that application data is complete and meets establishment standards, including type and amount of mortgage, borrower assets, liabilities, and length of employment. Gives recommendations to deny loans that do not meet standards. Verifies accuracy of information by calling or writing credit bureau and employer. Types loan application forms, using computer. Calls specified companies to obtain property abstract, survey, and appraisal. Informs supervisor of discrepancies in title or survey. Submits mortgage loan application file for underwriting approval. Types and mails approval and denial letters to applicants. Submits approved mortgage loan file to mortgage loan closer for settlement. Records data on status of loans, including number of new applications and loans approved, canceled, or denied, using computer. Less

Processes mortgage loans by verifying, compiling, and typing application information. Checks residential loan application file to verify that application data is complete and meets establishment standards, including type and amount of mortgage, borrower assets, liabilities, and length of employment. Gives... More

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