Loan Officer Jobs in Chicago, IL
A Loan Officer plays a pivotal role in the banking industry, as they are primarily responsible for evaluating, authorizing, and recommending approval of loan applications for individuals and businesses. They mostly serve as intermediaries between lending institutions and borrowers. They review loan applications to determine the borrower's ability to repay the loan, assess and mitigate potential risks, and guide clients through the application process until the loan is approved and disbursed. Therefore, they assist the banking industry in maintaining a solid client base and promoting financial products and services.
Loan Officers must possess a blend of analytical and interpersonal skills. The ability to analyze financial data to assess the likelihood of a borrower repaying their loan is critical. Additionally, strong communication and customer service skills are needed to explain complex information to clients and build strong relationships. Relevant certification, such as the Mortgage Loan Officer (MLO) license, is often required. Prior roles that may pave the way for a career as a Loan Officer include roles such as Loan Processor, Financial Analyst, or Credit Analyst. These roles provide the necessary experience and understanding of financial products, lending procedures, and risk assessment necessary for a Loan Officer's role.
Loan Originator Assistant - (North Region IL & WI)
- Palatine, IL (23 miles from Chicago, IL)
- 4 hours ago
- Palatine, IL (23 miles from Chicago, IL)
- 4 hours ago
To complement the basic conventional, FHA, and VA loan programs, we are uniquely positioned to meet the needs of the continually evolving market....
process and life cycle, presenting tailored solutions based on customer needs Manage the life cycle of loans, including collections activities while maintaining compliance with all relevant laws and...
Actively seeking a Commercial Real Estate Loan Officer to solicit new CRE loan business through a network of brokers, business owners, and investors....
Small Business Lending Consultant
- Kenilworth, IL (13 miles from Chicago, IL)
- 1 day ago
- Kenilworth, IL (13 miles from Chicago, IL)
- 1 day ago
Development Specialist Professions that excel in this role: Commercial Loan Officers, Financial Advisors/Planners, Insurance Agents/Brokers (Business Insurance), Real Estate Brokers/Agents (Commercial...
Remote WorkVice President/Mortgage Loan Officer
- Park Ridge, IL (12 miles from Chicago, IL)
- 1 day ago
- Park Ridge, IL (12 miles from Chicago, IL)
- 1 day ago
Reporting Relationship Reports to the Vice President/Mortgage Sales, Senior Vice President/Mortgage Lending or Vice President/Mortgage Lending....
process and life cycle, presenting tailored solutions based on customer needs Manage the life cycle of loans, including collections activities while maintaining compliance with all relevant laws and...
- Elk Grove Village, IL (18 miles from Chicago, IL)
- 2 days ago
- Elk Grove Village, IL (18 miles from Chicago, IL)
- 2 days ago
work independently - Ability to analyze financial information - Effective verbal and written communication skills - Established referral base within assigned market preferred -2 years of mortgage loan...
Risk Management - Lead Credit Officer - Vice President
- Chicago, IL
- 4 days ago
- Chicago, IL
- 4 days ago
Required Qualifications, Capabilities, and Skills: Minimum 7+ years of experience in commercial real estate lending, credit analysis, or loan workouts....
at Western Alliance Bank in Chicago, Illinois, United States Job Description Job Title:Loan Originator, Senior Director - Hotel Franchise Finance Location:New York, New York What you'll do:As a...
Minimum of one (1) year of experience working as a Loan Originator is required Must possess, or have the ability to possess upon hire, a Mortgage Loan Originator (MLO) license per the SAFE Act; may...
Remote WorkMonitors the credit portfolio through transaction review & approval to ensure compliance with the Banks lending policies and procedures....
The qualified candidate has substantial law firm experience representing both borrowers and lenders, including banks, direct lenders, private credit funds, and corporate borrowers, across a wide range...
lending experience preferred Knowledge of lending regulations, credit analysis, and loan origination processes Demonstrate comprehensive knowledge of consumer lending products, services, and processes...
at Western Alliance Bank in Chicago, Illinois, United States Job Description Job Title:Loan Originator, Senior Director - Hotel Franchise Finance Location:Atlanta What you'll do:As a Senior...
Credit Risk Files Review Specialist - Real Estate Secured Lending Specialist - RQ01729
- Chicago, IL
- 7 days ago
- Chicago, IL
- 7 days ago
Education/Work Experience 15+ years experience in Real Estate Secured Lending (RESL) underwriting, review, or assessment with related regulatory expectations....
Remote WorkDemographic Data for Chicago, IL
Moving to Chicago, IL? Find some basic demographic data about Chicago, IL below.
Loan Officer Online Courses and Training Opportunities
Title Synonyms
Users interested in this job title also searched for the following job titles
Salary for Loan Officer Jobs in Chicago, IL
Required or preferred licenses and certifications for Loan Officer positions.
Highest Education Level
Loan Officers in Chicago, IL offer the following education backgroundQualifications / Skill Sets
The following top skills are often required or desired to land a Loan Officer position
- Mortgage Lending
- Loan Origination
- Consumer Lending
- Lending
- Nationwide Mortgage Licensing System & Registry
- Federal Housing Administration
- Loan Documentation
- Commercial Banking
- Credit Underwriting
- Jumbo Loans
- Loan Review
- VA Loans
- BSA
- Loan Processing
- Federal National Morgage Association
- Commercial Lending
- Encompass
- Freddie Mac
- Fannie Mae
- FHLMC
- OFAC
- Mortgage Processing
- Financial Services
- Loan Servicing
- Credit Analysis
- USDA
- Underwriting
- Appraisal
- Financial Analysis
- Goal Oriented
- Real Estate
- Referrals
- Customer Satisfaction
- Finance
- Closing
- Collections
- Business Development
- Retail
- Customer Relations
- High School Diploma
- Negotiation
- Written Communication
- Documentation
- Accounting
- Employee Development
- Verbal Communication
- Telephone Skills
- Policy Development
- Filing
- Regulations
- Problem Solving
- Microsoft Excel
- Microsoft Office
- Sales
- Teamwork
- Organization
- Customer Service
- Scheduling
- Computer Skills
- Leadership
- Communication Skills
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