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.
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...
Sr Real Estate Construction Loan Administrator - R
- Chicago, IL
- 17 hours ago
- Chicago, IL
- 17 hours ago
Provides guidance on construction loan processing and may serve in a leadership role on related initiatives through expertise....
Remote WorkLoan Originator - (South Region) - 25737
- Schaumburg, IL (23 miles from Chicago, IL)
- 4 days ago
- Schaumburg, IL (23 miles from Chicago, IL)
- 4 days ago
The Loan Originator assists the borrower in determining the proper loan program, completing the loan application and gathering the required supporting documentation to begin the loan process....
You will be proactively involved in originating conventional, FHA, VA and IDHA loans, working with your borrowers throughout the entire loan process....
Community Development Mortgage Loan Officer
- Evergreen Park, IL (12 miles from Chicago, IL)
- 5 days ago
- Evergreen Park, IL (12 miles from Chicago, IL)
- 5 days ago
Responsibilities Old National Bank has an opportunity for a Community Development Mortgage Loan Originator....
Agricultural Loan Officer Agriculture loan officers, or agricultural lenders, work to help farmers and rural citizens obtain funds needed to fund their operations, purchase property, and more....
Determine the appropriate risk rating for Borrowers according to current Lending Policy and regulatory guidance....
Responsibilities Credit Review - Reviews requests for new loan originations. Ensures due diligence and background evaluation is complete before credit approval is granted....
Mortgage Loan Originator LOCATION -- Evansville, Indiana 47712 Fifth Third Bank, National Association is proud to have an engaged and inclusive culture and to promote and ensure equal employment opportunity...
The Loan Servicer will work with the lenders and portfolio managers to monitor and resolve exception tracking items related to the loan....
- Downers Grove, IL (20 miles from Chicago, IL)
- 12 days ago
- Downers Grove, IL (20 miles from Chicago, IL)
- 12 days ago
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...
Loan Originator - (North Region IL & WI)
- Arlington Heights, IL (21 miles from Chicago, IL)
- 12 days ago
- Arlington Heights, IL (21 miles from Chicago, IL)
- 12 days ago
The Loan Originator assists the borrower in determining the proper loan program, completing the loan application and gathering the required supporting documentation to begin the loan process....
Determine the appropriate risk rating for Borrowers according to current Lending Policy and regulatory guidance....
Commercial Loan Administrative Assistant
- Itasca, IL (18 miles from Chicago, IL)
- 14 days ago
- Itasca, IL (18 miles from Chicago, IL)
- 14 days ago
Provide administrative support for multiple loan officers....
Originating experience Ability to maintain flexible work schedule, including evening and weekend work Valid driver's license and dependable transportation NMLS License required, or willing to obtain...
Demographic Data for Chicago, IL
Moving to Chicago, IL? Find some basic demographic data about Chicago, IL below.
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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
- Goal Oriented
- Mortgage Lending
- Loan Origination
- Consumer Lending
- Lending
- Federal National Morgage Association
- Nationwide Mortgage Licensing System & Registry
- Federal Housing Administration
- Loan Documentation
- Jumbo Loans
- BSA
- Loan Review
- Commercial Banking
- FHLMC
- Fannie Mae
- Commercial Lending
- Freddie Mac
- Credit Underwriting
- Loan Processing
- VA Loans
- Private Banking
- OFAC
- Mortgage Processing
- Cross Selling
- Credit Analysis
- Financial Services
- USDA
- Loan Servicing
- Underwriting
- Appraisal
- Real Estate
- Sales Management
- Customer Satisfaction
- Referrals
- Finance
- Closing
- Collections
- Business Development
- Customer Relations
- Accounting
- Listening
- High School Diploma
- Retail
- Written Communication
- Verbal Communication
- Telephone Skills
- Negotiation
- Documentation
- Filing
- Regulations
- Policy Development
- Sales
- Problem Solving
- Microsoft Excel
- Microsoft Office
- Organization
- Customer Service
- Scheduling
- Computer Skills
- Leadership
- Communication Skills
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