Loan Officer Jobs in Elgin, 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 (12 miles from Elgin, IL)
- 9 hours ago
- Palatine, IL (12 miles from Elgin, 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 (15 miles from Elgin, IL)
- 21 hours ago
- Aurora, IL (15 miles from Elgin, IL)
- 21 hours ago
This position is expected to utilize sound lending skills, maximize potential profits, and follow policies for effective collection of accounts....
- St Charles, IL (6 miles from Elgin, IL)
- 23 hours ago
- St Charles, IL (6 miles from Elgin, 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....
- Lake Forest, IL (24 miles from Elgin, IL)
- 1 day ago
- Lake Forest, IL (24 miles from Elgin, 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....
- St Charles, IL (6 miles from Elgin, IL)
- 1 day ago
- St Charles, IL (6 miles from Elgin, 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 (17 miles from Elgin, IL)
- 1 day ago
- Naperville, IL (17 miles from Elgin, 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 (20 miles from Elgin, IL)
- 1 day ago
- Park Ridge, IL (20 miles from Elgin, IL)
- 1 day ago
Reporting Relationship Reports to the Vice President/Mortgage Sales, Senior Vice President/Mortgage Lending or Vice President/Mortgage Lending....
Consumer Loan Specialist, Bilingual Spanish
- Aurora, IL (15 miles from Elgin, IL)
- 2 days ago
- Aurora, IL (15 miles from Elgin, 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 (12 miles from Elgin, IL)
- 3 days ago
- Elk Grove Village, IL (12 miles from Elgin, 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...
- Lake Forest, IL (24 miles from Elgin, IL)
- 8 days ago
- Lake Forest, IL (24 miles from Elgin, IL)
- 8 days ago
Consumers Credit Union (CCU) is looking for a driven Commercial Loan Officer to help us build lasting business relationships and expand our lending portfolio....
- Lombard, IL (14 miles from Elgin, IL)
- 15 days ago
- Lombard, IL (14 miles from Elgin, IL)
- 15 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...
Community Lending Officer - Irving Park Community Lending Officer - Irving Park
- Hanover Park, IL (5 miles from Elgin, IL)
- 20 days ago
- Hanover Park, IL (5 miles from Elgin, IL)
- 20 days ago
process from application to close....
Community Lending Officer - Hanover Park Community Lending Officer - Hanover Park
- Hanover Park, IL (5 miles from Elgin, IL)
- 20 days ago
- Hanover Park, IL (5 miles from Elgin, IL)
- 20 days ago
process from application to close....
- Glenview, IL (21 miles from Elgin, IL)
- 21 days ago
- Glenview, IL (21 miles from Elgin, IL)
- 21 days ago
#LI-SM2 Mortgage Loan Originator Compensation for this position is largely incentive-based. Incentives are combined with either a base salary or a draw, resulting in total cash compensation....
- Rolling Meadows, IL (11 miles from Elgin, IL)
- 22 days ago
- Rolling Meadows, IL (11 miles from Elgin, IL)
- 22 days ago
Attend and participate in all Consumer Lending meetings as required by management....
Demographic Data for Elgin, IL
Moving to Elgin, IL? Find some basic demographic data about Elgin, IL below.
Loan Officer Online Courses and Training Opportunities
Title Synonyms
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Salary for Loan Officer Jobs in Elgin, IL
Required or preferred licenses and certifications for Loan Officer positions.
Highest Education Level
Loan Officers in Elgin, 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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