Loan Officer Jobs in Illinois
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.
Agricultural Loan Officer Agriculture loan officers, or agricultural lenders, work to help farmers and rural citizens obtain funds needed to fund their operations, purchase property, and more....
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....
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....
EXTERNAL LOAN OFFICER- MORTGAGE BANKING* WHAT IS THE OPPORTUNITY?...
You will be proactively involved in originating conventional, FHA, VA and IDHA loans, working with your borrowers throughout the entire loan process....
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 Development Mortgage Loan Officer
- Evergreen Park, IL
- 2 days ago
- Evergreen Park, IL
- 2 days ago
Responsibilities Old National Bank has an opportunity for a Community Development Mortgage Loan Originator....
This position is expected to utilize sound lending skills, maximize potential profits, and follow policies for effective collection of accounts....
This position is expected to utilize sound lending skills, maximize potential profits, and follow policies for effective collection of accounts....
Agricultural Loan Officer Agriculture loan officers, or agricultural lenders, work to help farmers and rural citizens obtain funds needed to fund their operations, purchase property, and more....
Agricultural Loan Officer Agriculture loan officers, or agricultural lenders, work to help farmers and rural citizens obtain funds needed to fund their operations, purchase property, and more....
Agricultural Loan Officer Agriculture loan officers, or agricultural lenders, work to help farmers and rural citizens obtain funds needed to fund their operations, purchase property, and more....
processing....
Determine the appropriate risk rating for Borrowers according to current Lending Policy and regulatory guidance....
Responsibilities Credit Review - Reviews requests for new loan originations. Ensures due diligence and background evaluation is complete before credit approval is granted....
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Salary for Loan Officer Jobs in Illinois
Highest Education Level
Loan Officers in Illinois 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
- Federal National Morgage Association
- Loan Origination
- Consumer Lending
- Lending
- Nationwide Mortgage Licensing System & Registry
- Federal Housing Administration
- Fannie Mae
- Loan Documentation
- Jumbo Loans
- BSA
- Loan Review
- Commercial Banking
- FHLMC
- Commercial Lending
- Freddie Mac
- Credit Underwriting
- Loan Processing
- Private Banking
- OFAC
- Mortgage Processing
- Cross Selling
- Credit Analysis
- Foreign Exchange
- Financial Services
- USDA
- Loan Servicing
- Underwriting
- Appraisal
- Real Estate
- Sales Management
- Customer Satisfaction
- Referrals
- Finance
- Closing
- Collections
- Business Development
- Accounting
- Customer Relations
- High School Diploma
- Listening
- Retail
- Written Communication
- Verbal Communication
- Telephone Skills
- Negotiation
- 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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