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.
- Bachelor’s degree preferred
- 5+ years of experience in loan underwriting or processing within consumer lending or a comparable financial environment.
- Background working with subprime, near-prime, or prime credit portfolios strongly preferred.
- Experience with consumer finance lenders such as OppLoans, CreditNinja, Lendmark, or OneMain Financial is a plus.
- Practical experience with Loan Origination Systems, ideally GDS.
- Working knowledge of Loan Management Systems such as NLS (Nortridge) or similar tools.
- Proficiency in Microsoft Office applications, including Excel, Word, and Outlook.
- Solid understanding of credit evaluation, underwriting principles, and regulatory compliance.
- Strong analytical and decision-making skills with keen attention to detail.
- Excellent written and verbal communication abilities.
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.
If you meet the qualifications and are interested in learning more, apply today!
Rachel Holmes
Principal, LaSalle Network
#LI-RH1
LaSalle Network is an Equal Opportunity Employer m/f/d/v.
LaSalle Network is the leading provider of direct hire and temporary staffing services. For over two decades, LaSalle has helped organizations hire faster and connect top talent with opportunities, from entry-level positions to the C-suite. With units specializing in Accounting and Finance, Administrative, Engineering, Marketing, Technology, Supply Chain, Revenue Cycle, Call Center, Human Resources and Executive Search, LaSalle offers staffing and recruiting solutions to companies of all sizes and across all industries.
LaSalle Network is the premier staffing and recruiting firm, earning over 100 culture, revenue and industry-based awards from major publications and having its company experts regularly contribute insights on retention strategies, hiring trends, hiring challenges, and more to national news outlets. LaSalle Network offers temporary Field Employees benefit plans including medical, dental and vision coverage. Family Medical Leave, Worker's Compensation, Paid Leave and Sick Leave are also provided. View a full list of our benefits here
All assignments are at-will and their duration is subject to change.