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Entry Level - Loan Operation Assistant

Job in Bridgeview, Cook County, Illinois, 60455, USA

Listing for: MIDLAND FEDERAL SAVINGS AND LOAN ASSOCIATION

Full Time position
Listed on 2026-09-24

Job specializations:

Finance & Banking
Loan Servicing, Finance Assistant
Administrative/Clerical
Loan Servicing, Finance Assistant

Salary/Wage Range or Industry Benchmark: 36000 - 48000 USD Yearly USD 36000.00 48000.00 YEAR

Key Responsibilities

Loan File Preparation & Verification

Collect, request, and verify borrower documents (pay stubs, bank statements, tax returns- organizing the virtual file)

Review and verify loan applications for completeness and accuracy before submission to underwriting

Prepare, scan and process loan documents for approval and compliance as required

Coordination & Communication

Communicate with borrowers, real estate agents, title companies, and internal teams to gather information and provide status updates

Respond to client inquiries and maintain clear, professional communication

Loan Process Support

Order third-party reports (appraisals, title searches, flood certifications, credit reports) as needed

Assist with loan closings, prepare final documents, tracking insurance and exceptions and coordinate scheduling

Recordkeeping & Systems

Maintain accurate, up-to-date loan data and communication logs in the institution’s processing software

Create and maintain physical and electronic loan files; post closing/funding details

Conduct post-closing file audits to ensure completeness and proper archiving.

Qualifications & Skills

Education: Post-secondary education in business administration, finance, accounting, or related field preferred

Experience: Entry-level; prior customer service, administrative, or loan-related experience is a plus

Skills:

Strong organizational and time management abilities

Proficiency with office software (Microsoft Office, loan processing systems)

Attention to detail, confidentiality, and ability to multi-task

Good written and verbal communication skills

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