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Paramount Residential Mortgage Group Processor in Lincolnwood, Illinois

With over 200 locations and well over 2,500 on our team, Paramount Residential Mortgage Group Inc. (PRMG) is one of the largest independently owned Mortgage Banks in the nation. The company is experiencing exponential growth in 2021 and will for many years to come. We are looking for highly qualified Processors to join our Retail team to help support our increased volume. Newly hired Processors will have the privilege of working with a talented team, along with being mentored for growth. The benefits that PRMG offers are available to all full time employees. We offer competitive salary that will be based off of experience. You will have a variety of medical, dental, vision, and other insurance products to choose from. Each year you will receive two weeks vacation time, over nine paid holidays, and five sick days, and access to our employee discount program! With all of these benefits, it is no wonder why we were voted the top 5 of the 50 Best Companies to work for 2021. So if you are looking for a Processor position that will be groomed for advancement, then PRMG is the place for you! Apply now!

Job Summary:

Performs the daily functions connected with loan processing. Effectively processes loans in accordance with company policies and procedures. The duties for Processor include, but are not limited to, those described below.

  • Verifies, compiles, and inputs/updates application information for mortgage loans

  • Reviews residential loan application file to verify that application data is complete and meets establishment standards, including type, and amount of mortgage applied for including but not limited to borrower credit, assets, liabilities, and length of employment

  • Recommends that loan not meeting standards be denied or restructured

  • Is able to run AUS after application data is confirmed to be accurate and meets guidelines

  • Is able to order verifications (income, assets, credit, liabilities) to verify accuracy of information stated on loan application

  • Is able to complete and generate various loan application forms/disclosures for borrowers

  • Is able to order title work, insurance, condo docs for approval, appraisals, and any other property related items required for the loan

  • Is able to perform necessary follow up on any items required for the loan in a timely manner (i.e.‚Ķtitle, insurance, appraisal, loan conditions from borrower, etc.)

  • Informs supervisor and/or Loan Originator of discrepancies on any loan documentation provided or ordered

  • Submits mortgage loan application file for underwriting approval

  • Types and emails/mails approval and denial letters to applicants

  • Submits approved mortgage loan file to closing departments and closing settlement agent/attorney for settlement

  • Uses all required Checklists for Underwriting and Closing Departments

  • Keeps records/logs/pipeline report on status of branch loans assigned to their queue, including number of new applications and loans approved, canceled, or denied

  • Is able to communicate effectively with borrower and/or Loan Originator regarding any missing or delayed documentation required for Loan Approval or Final Loan Approval

  • Performs other related duties as assigned

  • Submits conditions to UW

  • Oversees Jr LP duties if applicable to branch


  • Two or more years of loan processing experience or

  • Xinnix Training completion for Processing required AND Processing mentor assigned by branch with 2+ years active processing experience


  • Ability to make sound judgments regarding the resolution of customer service issues

  • Ability to problem-solve and exercise independent judgment while displaying a high degree of initiative

  • Ability to handle detailed assignments and maintain confidentiality

  • Excellent communication and interpersonal skills

  • Organizational skills necessary to prioritize workload


  • High School Diploma or equivalent


  • None

Job ID: 2021-3668

External Company URL:

Street: 6600 North Lincoln Ave.