Loan Originator Jobs in Downers Grove, IL

A Loan Originator, also known as a mortgage loan officer, plays an essential role in the banking industry. Their primary role is to solicit new business and originate new loan applications for the bank or lending institution. They work with individuals or businesses seeking loans, clarify the different types of loans and terms the bank offers, and gather personal and financial data to complete loan applications. They also analyze and verify the loan applications to determine the borrower's creditworthiness and ability to repay the loan. They then forward the completed applications to the underwriting department for approval.

Loan originators must have excellent communication and customer service skills, as they are the first point of contact for customers seeking loans. They need strong analytical skills to accurately evaluate financial information and make informed decisions. Loan originators should also be familiar with industry regulations and lending programs. Some important certifications for a loan originator include Mortgage Loan Originator (MLO) license, which requires passing the National Mortgage Licensing System (NMLS) exam. Before becoming a loan originator, one might have roles such as a loan processor, a bank teller, or a sales representative in a financial institution.

1-15 of 76 Jobs

Loan Originator , Senior Director - Hotel Franchis

  • Chicago, IL (20 miles from Downers Grove, IL)
  • 1 day ago
  • Chicago, IL (20 miles from Downers Grove, IL)
  • 1 day 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 (20 miles from Downers Grove, IL)
  • 1 day ago
  • Chicago, IL (20 miles from Downers Grove, IL)
  • 1 day 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

Credit Officer, Private Banking

  • Chicago, IL (20 miles from Downers Grove, IL)
  • 2 days ago
  • Chicago, IL (20 miles from Downers Grove, IL)
  • 2 days ago

Monitors the credit portfolio through transaction review & approval to ensure compliance with the Banks lending policies and procedures....

Corporate Finance and Lending Associate (Mid-Level

  • Chicago, IL (20 miles from Downers Grove, IL)
  • 2 days ago
  • Chicago, IL (20 miles from Downers Grove, IL)
  • 2 days ago

The qualified candidate has substantial law firm experience representing both borrowers and lenders, including banks, direct lenders, private credit funds, and corporate borrowers, across a wide range...

Loan Officer - Lincoln Ave Branch (Chicago)

  • Chicago, IL (20 miles from Downers Grove, IL)
  • 3 days ago
  • Chicago, IL (20 miles from Downers Grove, IL)
  • 3 days ago

lending experience preferred Knowledge of lending regulations, credit analysis, and loan origination processes Demonstrate comprehensive knowledge of consumer lending products, services, and processes...

Loan Originator, Senior Director - Hotel Franchise

  • Chicago, IL (20 miles from Downers Grove, IL)
  • 3 days ago
  • Chicago, IL (20 miles from Downers Grove, IL)
  • 3 days ago

at Western Alliance Bank in Chicago, Illinois, United States Job Description Job Title:Loan Originator, Senior Director - Hotel Franchise Finance Location:Atlanta What you'll do:As a Senior...

Personal Loan Consultant

  • Crest Hill, IL (18 miles from Downers Grove, IL)
  • 3 days ago
  • Crest Hill, IL (18 miles from Downers Grove, IL)
  • 3 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...

Credit Risk Files Review Specialist - Real Estate Secured Lending Specialist - RQ01729

  • Chicago, IL (20 miles from Downers Grove, IL)
  • 3 days ago
  • Chicago, IL (20 miles from Downers Grove, IL)
  • 3 days ago

Education/Work Experience 15+ years experience in Real Estate Secured Lending (RESL) underwriting, review, or assessment with related regulatory expectations....

Remote Work

Risk Management - Real Estate Banking Credit Officer - Vice President

  • Chicago, IL (20 miles from Downers Grove, IL)
  • 4 days ago
  • Chicago, IL (20 miles from Downers Grove, IL)
  • 4 days ago

Utilize assigned lending authority to approve lending and trading exposures within designated limits or obtaining higher level approval when needed....

Private Mortgage Banker (SAFE)

  • Chicago, IL (20 miles from Downers Grove, IL)
  • 4 days ago
  • Chicago, IL (20 miles from Downers Grove, IL)
  • 4 days ago

About this role: Wells Fargo is seeking a Private Mortgage Banker (SAFE) in Consumer Lending as part of Home Lending. Learn more about our career areas and lines of business at wellsfargojobs.com....

Licensed Financial Services Representative

  • Plainfield, IL (19 miles from Downers Grove, IL)
  • 4 days ago
  • Plainfield, IL (19 miles from Downers Grove, IL)
  • 4 days ago

Position Type: Regular Your opportunity At Schwab, youre empowered to make an impact on your career. Here, innovative thought meets creative problem solving, helping us challenge the status quo...

Financial Services Representative

  • Plainfield, IL (19 miles from Downers Grove, IL)
  • 4 days ago
  • Plainfield, IL (19 miles from Downers Grove, IL)
  • 4 days ago

Position Type: Regular Your opportunity At Schwab, youre empowered to make an impact on your career. Here, innovative thought meets creative problem solving, helping us challenge the status quo...

Loan Originator, Senior Director - Hotel Franchise Finance

  • Chicago, IL (20 miles from Downers Grove, IL)
  • 6 days ago
  • Chicago, IL (20 miles from Downers Grove, IL)
  • 6 days ago

Job Title: Loan Originator, Senior Director - Hotel Franchise Finance Location: Atlanta What you'll do: As a Senior Director you'll be in a senior-level leadership position responsible for executing...

Loan Servicing Specialist - MM Servicing

  • Chicago, IL (20 miles from Downers Grove, IL)
  • 10 days ago
  • Chicago, IL (20 miles from Downers Grove, IL)
  • 10 days ago

Apply today to be part of an exciting team making impactful changes in loan servicing. Your expertise will drive success in a fast-paced environment. Job Summary: As a Loan Servicing Specialist IV...

Loan Servicing Specialist - FSG Servicing Team

  • Chicago, IL (20 miles from Downers Grove, IL)
  • 10 days ago
  • Chicago, IL (20 miles from Downers Grove, IL)
  • 10 days ago

Apply today to become a part of an exciting team making impactful changes in the financial services industry! Job Summary: As a Loan Servicing Specialist IV in the Centralized Money Movement Team,...

Demographic Data for Downers Grove, IL

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

Local
National
57,972
2,436
Medium

Loan Originator 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.
Udemy
Start a Profitable Career as a Mortgage Loan Originator
One of the only online mortgage courses that actually teaches you how to go from completing a loan application to closing a loan and running DU in the process. Once you become licensed as a...
edX
Originator and Biosimilar Biologics: For Patients and Healthcare Providers
The Originator and Biosimilar Biologics: For Patients and Health Care Providers Professional Certificate aims to provide health care professionals and patients with advanced knowledge and skills...
edX
Foundations of Originator and Biosimilar Biologics: for Patients and Caregivers
Developed by leading researchers and clinicians from across Canada, this course will enhance knowledge and skills for patients who are using, or beginning to use, an originator or biosimilar...
Register to search for more online courses. >>>

Title Synonyms

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Salary for Loan Originator Jobs in Downers Grove, 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 Originator positions.

Highest Education Level

Loan Originators in Downers Grove, 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 Originators in Downers Grove, 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%

Qualifications / Skill Sets

The following top skills are often required or desired to land a Loan Originator position

In-Demand skills () are the most popular among employers according to the current jobs in our database. Last updated today!

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