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 Sales Specialist (Bilingual)
- Fox Lake, IL (24 miles from Schaumburg, IL)
- 20 hours ago
- Fox Lake, IL (24 miles from Schaumburg, 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...
Mortgage Consultant I (Virtual, United States)
- Oakbrook Terrace, IL (12 miles from Schaumburg, IL)
- 20 hours ago
- Oakbrook Terrace, IL (12 miles from Schaumburg, IL)
- 20 hours ago
Qualifications and Preferred Skills Specialized mortgage lending courses preferred. Two years mortgage origination or loan operations experience preferred....
- Melrose Park, IL (14 miles from Schaumburg, IL)
- 21 hours ago
- Melrose Park, IL (14 miles from Schaumburg, IL)
- 21 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...
Financial Services Representative
- Chicago, IL (23 miles from Schaumburg, IL)
- 1 day ago
- Chicago, IL (23 miles from Schaumburg, IL)
- 1 day ago
Pay: $24.38 /Hr. Schedule: Monday - Friday 8am - 4:30pm Location: Rogers Park The Financial Services Representative is responsible for managing and overseeing the financial operations related to...
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....
- Glen Ellyn, IL (11 miles from Schaumburg, IL)
- 1 day ago
- Glen Ellyn, IL (11 miles from Schaumburg, IL)
- 1 day 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....
- Elgin, IL (7 miles from Schaumburg, IL)
- 2 days ago
- Elgin, IL (7 miles from Schaumburg, IL)
- 2 days ago
Commercial Loan Officer Build your portfolio. Lead with purpose. Lend where it matters....
Commercial Loan Officer Build your portfolio. Lead with purpose. Lend where it matters....
- Geneva, IL (17 miles from Schaumburg, IL)
- 2 days ago
- Geneva, IL (17 miles from Schaumburg, IL)
- 2 days ago
Commercial Loan Officer Build your portfolio. Lead with purpose. Lend where it matters....
- Saint Charles, IL (12 miles from Schaumburg, IL)
- 2 days ago
- Saint Charles, IL (12 miles from Schaumburg, IL)
- 2 days ago
Commercial Loan Officer Build your portfolio. Lead with purpose. Lend where it matters....
- West Chicago, IL (11 miles from Schaumburg, IL)
- 2 days ago
- West Chicago, IL (11 miles from Schaumburg, IL)
- 2 days ago
Commercial Loan Officer Build your portfolio. Lead with purpose. Lend where it matters....
- Batavia, IL (18 miles from Schaumburg, IL)
- 2 days ago
- Batavia, IL (18 miles from Schaumburg, IL)
- 2 days ago
Commercial Loan Officer Build your portfolio. Lead with purpose. Lend where it matters....
- Naperville, IL (18 miles from Schaumburg, IL)
- 2 days ago
- Naperville, IL (18 miles from Schaumburg, IL)
- 2 days ago
Commercial Loan Officer Build your portfolio. Lead with purpose. Lend where it matters....
- Aurora, IL (19 miles from Schaumburg, IL)
- 2 days ago
- Aurora, IL (19 miles from Schaumburg, IL)
- 2 days ago
Commercial Loan Officer Build your portfolio. Lead with purpose. Lend where it matters....
- Elmhurst, IL (12 miles from Schaumburg, IL)
- 2 days ago
- Elmhurst, IL (12 miles from Schaumburg, IL)
- 2 days ago
Commercial Loan Officer Build your portfolio. Lead with purpose. Lend where it matters....
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
- 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
- Loan Processing
- Credit Underwriting
- VA Loans
- 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
- Verbal Communication
- Negotiation
- Written Communication
- Telephone Skills
- 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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