Loan Officer Jobs in Schaumburg, 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 - Database Business Development (Part Time)
- Glen Ellyn, IL (11 miles from Schaumburg, IL)
- 17 hours ago
- Glen Ellyn, IL (11 miles from Schaumburg, IL)
- 17 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....
National Mortgage Loan Originator NMLS
- Chicago, IL (23 miles from Schaumburg, IL)
- 3 days ago
- Chicago, IL (23 miles from Schaumburg, IL)
- 3 days ago
Advises clients on the home buying or refinance process while assisting through the loan process from application to closing....
Small Business Lending Consultant
- Chicago, IL (23 miles from Schaumburg, IL)
- 3 days ago
- Chicago, IL (23 miles from Schaumburg, IL)
- 3 days 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- Chicago, IL (23 miles from Schaumburg, IL)
- 3 days ago
- Chicago, IL (23 miles from Schaumburg, IL)
- 3 days ago
Job Description: At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. We do this by driving Responsible Growth and...
Loan Sales Specialist - Bilingual (Bridgeport)
- Chicago, IL (23 miles from Schaumburg, IL)
- 4 days ago
- Chicago, IL (23 miles from Schaumburg, IL)
- 4 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...
Patient Financial Services Representative, Full Time - Days
- Burr Ridge, IL (21 miles from Schaumburg, IL)
- 4 days ago
- Burr Ridge, IL (21 miles from Schaumburg, IL)
- 4 days ago
Be part of a world-class academic healthcare system, Ingalls Memorial Hospital, as a Patient Financial Services Representative in the PFS Medicare and Commercial department. In this role as a...
Asset & Wealth Management, Private Bank, Lending Associate - Chicago
- Chicago, IL (23 miles from Schaumburg, IL)
- 6 days ago
- Chicago, IL (23 miles from Schaumburg, IL)
- 6 days ago
identify and implement marketing initiatives to drive lending growth opportunities with senior lending advisors and PWM coverage teams Join prospect and client meetings with senior lending advisors...
Loan Sales Specialist - Bilingual (Rogers Park)
- Chicago, IL (23 miles from Schaumburg, IL)
- 7 days ago
- Chicago, IL (23 miles from Schaumburg, IL)
- 7 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...
- South Elgin, IL (12 miles from Schaumburg, IL)
- 9 days ago
- South Elgin, IL (12 miles from Schaumburg, IL)
- 9 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 Origination and Advisory: Originate and prepare new loans meticulously, adhering to federal, state, and company regulations outlined in the "Loan Officer" agreement....
- Rosemont, IL (9 miles from Schaumburg, IL)
- 11 days ago
- Rosemont, IL (9 miles from Schaumburg, IL)
- 11 days ago
To complement the basic conventional, FHA, and VA loan programs, we are uniquely positioned to meet the needs of the continually evolving market....
- Wilmette, IL (18 miles from Schaumburg, IL)
- 12 days ago
- Wilmette, IL (18 miles from Schaumburg, IL)
- 12 days ago
As one of the largest premium finance companies in the country, FIRST Insurance Funding provides full premium finance services, plus additional services built specifically for agencies. We pride...
Sr. Mortgage Banker MF Great Lakes
- Chicago, IL (23 miles from Schaumburg, IL)
- 12 days ago
- Chicago, IL (23 miles from Schaumburg, IL)
- 12 days ago
Minimum five years of experience in affordable multifamily real estate permanent lending with a proven track record of loan production....
Commercial Real Estate Loan Officer
- Chicago, IL (23 miles from Schaumburg, IL)
- 12 days ago
- Chicago, IL (23 miles from Schaumburg, IL)
- 12 days ago
Actively seeking a Commercial Real Estate Loan Officer to solicit new CRE loan business through a network of brokers, business owners, and investors....
Loan Review Officer II - Commercial/CRE
- Chicago, IL (23 miles from Schaumburg, IL)
- 13 days ago
- Chicago, IL (23 miles from Schaumburg, IL)
- 13 days ago
Required 7-10 years Loan Review, Commercial Lending, Credit Administration or Regulatory Examination....
Demographic Data for Schaumburg, IL
Moving to Schaumburg, IL? Find some basic demographic data about Schaumburg, IL below.
Loan Officer Online Courses and Training Opportunities
Title Synonyms
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Salary for Loan Officer Jobs in Schaumburg, IL
Required or preferred licenses and certifications for Loan Officer positions.
Highest Education Level
Loan Officers in Schaumburg, IL offer the following education backgroundQualifications / Skill Sets
The following top skills are often required or desired to land a Loan Officer position
- Retail Banking
- Mortgage Lending
- Loan Origination
- Consumer Lending
- Nationwide Mortgage Licensing System & Registry
- Lending
- BSA
- Federal National Morgage Association
- Federal Housing Administration
- Loan Documentation
- Jumbo Loans
- Commercial Banking
- Loan Review
- Commercial Lending
- Credit Underwriting
- Fannie Mae
- FHLMC
- Loan Processing
- Freddie Mac
- Tila Respa Integrated Disclosures
- VA Loans
- OFAC
- Mortgage Processing
- Credit Analysis
- Financial Services
- Loan Servicing
- Underwriting
- Appraisal
- Financial Analysis
- Goal Oriented
- Real Estate
- Sales Management
- Referrals
- Customer Satisfaction
- Collections
- Finance
- Closing
- Accounting
- Customer Relations
- Retail
- High School Diploma
- Business Development
- Written Communication
- Negotiation
- Verbal Communication
- Telephone Skills
- Documentation
- Filing
- Regulations
- Policy Development
- Microsoft Office
- Sales
- Problem Solving
- Microsoft Excel
- Teamwork
- Organization
- Customer Service
- Scheduling
- Computer Skills
- Leadership
- Communication Skills
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