Loan Officer Jobs in Lombard, 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.

1-15 of 75 Jobs

Loan Originator Assistant - (North Region IL & WI)

  • Palatine, IL (16 miles from Lombard, IL)
  • 7 hours ago
  • Palatine, IL (16 miles from Lombard, IL)
  • 7 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 (14 miles from Lombard, IL)
  • 19 hours ago
  • Aurora, IL (14 miles from Lombard, IL)
  • 19 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 (18 miles from Lombard, IL)
  • 20 hours ago
  • Chicago, IL (18 miles from Lombard, IL)
  • 20 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...

Loan Administrator I

  • St Charles, IL (14 miles from Lombard, IL)
  • 21 hours ago
  • St Charles, IL (14 miles from Lombard, IL)
  • 21 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 (18 miles from Lombard, IL)
  • 21 hours ago
  • Chicago, IL (18 miles from Lombard, IL)
  • 21 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....

Small Business Lending Consultant

  • Kenilworth, IL (21 miles from Lombard, IL)
  • 1 day ago
  • Kenilworth, IL (21 miles from Lombard, 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 Work

Commercial Loan Officer

  • St Charles, IL (14 miles from Lombard, IL)
  • 1 day ago
  • St Charles, IL (14 miles from Lombard, 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....

Commercial Loan Officer

  • Naperville, IL (9 miles from Lombard, IL)
  • 1 day ago
  • Naperville, IL (9 miles from Lombard, 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 (13 miles from Lombard, IL)
  • 1 day ago
  • Park Ridge, IL (13 miles from Lombard, 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 (18 miles from Lombard, IL)
  • 2 days ago
  • Chicago, IL (18 miles from Lombard, 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 (14 miles from Lombard, IL)
  • 2 days ago
  • Aurora, IL (14 miles from Lombard, 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....

Mortgage Loan Originator

  • Elk Grove Village, IL (9 miles from Lombard, IL)
  • 3 days ago
  • Elk Grove Village, IL (9 miles from Lombard, 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 (18 miles from Lombard, IL)
  • 4 days ago
  • Chicago, IL (18 miles from Lombard, 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 (18 miles from Lombard, IL)
  • 5 days ago
  • Chicago, IL (18 miles from Lombard, IL)
  • 5 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 (18 miles from Lombard, IL)
  • 6 days ago
  • Chicago, IL (18 miles from Lombard, 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 Work

Demographic Data for Lombard, IL

Moving to Lombard, IL? Find some basic demographic data about Lombard, IL below.


Local
National
52,794
1,908
Medium

Loan Officer Online Courses and Training Opportunities

iHireBanking curates thousands of courses in order to recommend the best ones to help further your career. If you register for a course using the links on our site, we may receive a small commission.
Loan Officer Mortage: (Prep Test)
The Practice Exam is designed to closely replicate the true exam experience in terms of the degree of difficulty, format, and topics covered. the questions are designed to help you learn faster...
Qard Basics: Benevolent Loans in Islamic Finance
When someone provides a qard, the borrower is obligated to repay only the principal amount borrowed. As a benevolent loan, qard stands as a testament to the prohibition of usury (riba) in Islam,...
Financial Math for Actuaries: From Loans to Bonds to Immunization
Start your actuarial career! Study the time value of money by learning about loans, bond valuation, duration, convexity, spot rates, forward rates and the term structure of interest rates. This...

Title Synonyms

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Salary for Loan Officer Jobs in Lombard, IL

Estimated salary range based on data from US Bureau of Labor Statistics (BLS) and iHireBanking research efforts.

Licensing / Certification

Required or preferred licenses and certifications for Loan Officer positions.



Highest Education Level

Loan Officers in Lombard, IL offer the following education background
Bachelor's Degree
38.1%
High School or GED
20.6%
Master's Degree
13.8%
Associate's Degree
13.2%
Vocational Degree or Certification
10.6%
Some College
2.1%
Doctorate Degree
1.2%
Some High School
0.6%

Average Work Experience
Here's a breakdown of the number of years' experience offered by Loan Officers in Lombard, IL
4-6 years
40.5%
2-4 years
30.9%
Less than 1 year
14.0%
10+ years
6.3%
1-2 years
6.1%
6-8 years
2.2%



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