Loan Officer Jobs in Downers Grove, 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 (20 miles from Downers Grove, IL)
- 9 hours ago
- Palatine, IL (20 miles from Downers Grove, IL)
- 9 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....
Financial Services Representative (Bilingual)
- Aurora, IL (12 miles from Downers Grove, IL)
- 21 hours ago
- Aurora, IL (12 miles from Downers Grove, IL)
- 21 hours ago
This position is expected to utilize sound lending skills, maximize potential profits, and follow policies for effective collection of accounts....
Loan Sales Specialist - Beverly
- Chicago, IL (20 miles from Downers Grove, IL)
- 22 hours ago
- Chicago, IL (20 miles from Downers Grove, IL)
- 22 hours 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...
- St Charles, IL (15 miles from Downers Grove, IL)
- 23 hours ago
- St Charles, IL (15 miles from Downers Grove, IL)
- 23 hours ago
Liaison between Mortgage center staff, Central Loan Processing and Loan Officer. Actively cross-sells bank related products in a professional manner and processes customers transactions as needed....
Commercial Real Estate Loan Officer
- Chicago, IL (20 miles from Downers Grove, IL)
- 23 hours ago
- Chicago, IL (20 miles from Downers Grove, IL)
- 23 hours ago
Actively seeking a Commercial Real Estate Loan Officer to solicit new CRE loan business through a network of brokers, business owners, and investors....
- St Charles, IL (15 miles from Downers Grove, IL)
- 1 day ago
- St Charles, IL (15 miles from Downers Grove, IL)
- 1 day ago
Title: Commercial Loan Officer – Community Bank Expansion Description: Join a well-capitalized, growth-focused community bank expanding its commercial lending presence....
- Naperville, IL (6 miles from Downers Grove, IL)
- 1 day ago
- Naperville, IL (6 miles from Downers Grove, IL)
- 1 day ago
Title: Commercial Loan Officer – Community Bank Expansion Description: Join a well-capitalized, growth-focused community bank expanding its commercial lending presence....
Vice President/Mortgage Loan Officer
- Park Ridge, IL (17 miles from Downers Grove, IL)
- 1 day ago
- Park Ridge, IL (17 miles from Downers Grove, IL)
- 1 day ago
Reporting Relationship Reports to the Vice President/Mortgage Sales, Senior Vice President/Mortgage Lending or Vice President/Mortgage Lending....
Loan Sales Specialist - Rogers Park (Bilingual)
- Chicago, IL (20 miles from Downers Grove, IL)
- 2 days ago
- Chicago, IL (20 miles from Downers Grove, IL)
- 2 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...
Consumer Loan Specialist, Bilingual Spanish
- Aurora, IL (12 miles from Downers Grove, IL)
- 2 days ago
- Aurora, IL (12 miles from Downers Grove, IL)
- 2 days ago
Deliver Exceptional Service: Provide outstanding support to both new and existing customers, guiding them through the loan process with care and professionalism....
- Elk Grove Village, IL (13 miles from Downers Grove, IL)
- 3 days ago
- Elk Grove Village, IL (13 miles from Downers Grove, IL)
- 3 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 (20 miles from Downers Grove, IL)
- 4 days ago
- Chicago, IL (20 miles from Downers Grove, IL)
- 4 days ago
Required Qualifications, Capabilities, and Skills: Minimum 7+ years of experience in commercial real estate lending, credit analysis, or loan workouts....
Loan Originator , Senior Director - Hotel Franchis
- Chicago, IL (20 miles from Downers Grove, IL)
- 6 days ago
- Chicago, IL (20 miles from Downers Grove, IL)
- 6 days ago
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...
Mortgage Loan Originator Retail - Remote Illinois
- Chicago, IL (20 miles from Downers Grove, IL)
- 6 days ago
- Chicago, IL (20 miles from Downers Grove, IL)
- 6 days ago
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 WorkCredit Officer, Private Banking
- Chicago, IL (20 miles from Downers Grove, IL)
- 7 days ago
- Chicago, IL (20 miles from Downers Grove, IL)
- 7 days ago
Monitors the credit portfolio through transaction review & approval to ensure compliance with the Banks lending policies and procedures....
Demographic Data for Downers Grove, IL
Moving to Downers Grove, IL? Find some basic demographic data about Downers Grove, 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 Downers Grove, IL
Required or preferred licenses and certifications for Loan Officer positions.
Highest Education Level
Loan Officers in Downers Grove, 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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