Loan Processor

Constructiveloans; Chicago (IL); Remote; USD 47,000 - 77,000; Full time

Job summary

An established industry player in real estate services is seeking a dedicated Loan Processor to join their dynamic team. This role involves managing the loan process from pre-approval to closing, ensuring compliance with regulatory requirements and company policies. The ideal candidate will bring experience in mortgage loan processing and a strong understanding of industry regulations. With a focus on supporting individuals in achieving their financial goals, this innovative company offers a collaborative environment and opportunities for professional growth. Join a team that values diversity and community support while making a significant impact in the lives of clients.

Benefits

Medical, Dental, and Vision Insurance

Company Paid Life Insurance

Disability and Pet Insurance

401k with Employer Matching

Paid Holidays

Wellness Programs

Employee Assistance Program

Qualifications

• 2+ years of experience in mortgage loan processing required.
• Strong understanding of GFE, TIL, and RESPA rules is essential.

Responsibilities

• Ensure timely and accurate packaging of all originated loans.
• Collaborate with loan officers and underwriters to resolve discrepancies.

Skills

Mortgage Loan Processing

Customer Service

Analytical Skills

Attention to Detail

Communication Skills

MS Word

MS Excel

MS Outlook

Education

High School Diploma or GED

Tools

Loan Origination System (LOS)

Job description

Remote
Chicago, IL
425 S Financial
Floor 20/Suite 2000
Chicago, IL 60630, USA

Founded in 2008, The Fay Group is a diversified real estate services company offering a complete range of home ownership products and services including mortgage servicing, property renovations, property management, realty, business purpose lending, and insurance to homeowners, investors, and clients nationwide. We focus on supporting the people behind mortgages, helping them stay in their homes and achieve their long-term financial goals.

Our Constructive Loans business provides stable, reliable capital, flexible product solutions, speed, and competitive pricing to meet real estate investment financing needs nationwide. We offer programs for short-term fix & flip, DSCR rental properties, and lines of credit.

Join Us on Our Journey

We are currently seeking a Loan Processor to join our team.

This role reports to the Processing Manager and involves ensuring the timely and accurate packaging of all originated loans, preparing applications for underwriting, and managing the file from pre-approval to closing. Responsibilities include collecting, verifying, and uploading loan information into the Loan Origination System (LOS), preparing loan files for review, and analyzing documentation for accuracy and completeness.

The Loan Processor collaborates with loan officers, underwriters, and other departments to resolve conditions and discrepancies, ensuring compliance with regulatory requirements, company policies, and investor guidelines to facilitate successful loan funding and closing.

Qualifications Include:

• High School diploma or GED required
• 2+ years’ experience in mortgage loan processing
• 1+ years’ experience in customer service
• Experience processing business purpose loans is preferred
• Strong understanding of GFE, TIL, and RESPA rules
• Experience in fast-paced, high-volume environments
• Proficiency in MS Word, Excel, and Outlook
• Excellent verbal and written communication skills
• Strong interpersonal and analytical skills
• Good decision-making and judgment
• Ability to prioritize tasks and manage shifting priorities
• Client-focused with strong execution and results orientation
• High attention to detail and accuracy
• Flexible, adaptable, and quick learner
• Ability to work collaboratively and guide team efforts

Submit Your Resume to Learn More

Featured Benefits

• Medical, Dental, and Vision Insurance
• Company Paid Life Insurance
• Disability and Pet Insurance
• 401k with Employer Matching
• Paid Holidays
• Wellness Programs
• Employee Assistance Program

Compensation

• Annual salary range: $47,590.40 - $76,003.20
• Monthly incentive eligibility

Fay Cares!

The Fay-Constructive Foundation supports community initiatives focused on education, poverty alleviation, and military and first responder support, funded by employee contributions.

We value diversity and strive for an inclusive environment where every employee feels respected and has equal opportunities. Fay is an equal-opportunity employer and participates in E-Verify. For more info, visit www.dhs.gov/E-Verify.