Loan Originator Jobs in Elgin, 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.
- Melrose Park, IL (20 miles from Elgin, IL)
- 1 day ago
- Melrose Park, IL (20 miles from Elgin, IL)
- 1 day ago
At OneMain, Loan Sales Specialists empower customers by listening to their needs and providing access to friendly, fast, and affordable financing for life's expenses. In this role, our team...
Small Business Lending Consultant
- Naperville, IL (17 miles from Elgin, IL)
- 2 days ago
- Naperville, IL (17 miles from Elgin, IL)
- 2 days ago
Help Small Businesses Thrive: Connect small businesses with financing from a network of over 100+ lenders....
Remote Work- Schaumburg, IL (7 miles from Elgin, IL)
- 3 days ago
- Schaumburg, IL (7 miles from Elgin, IL)
- 3 days ago
Maintain notes within the Loan Origination System to ensure complete exchange of information. Occasionally provide initial set up of the file....
Account Executive (Mortgage Consultant) - Lombard, IL
- Lombard, IL (14 miles from Elgin, IL)
- 3 days ago
- Lombard, IL (14 miles from Elgin, IL)
- 3 days ago
About Guidance Residential We are the largest and most respected Sharia-Compliant home financier in the United States. Our company has the most recognized brand worldwide, and has been endorsed by...
- South Elgin, IL (4 miles from Elgin, IL)
- 6 days ago
- South Elgin, IL (4 miles from Elgin, IL)
- 6 days ago
At OneMain, Loan Sales Specialists empower customers by listening to their needs and providing access to friendly, fast, and affordable financing for lifes expenses. In this role, our team members...
- Schaumburg, IL (7 miles from Elgin, IL)
- 8 days ago
- Schaumburg, IL (7 miles from Elgin, IL)
- 8 days ago
Licensed Loan Officer Are you a Loan Officer looking for an exciting opportunity to join a dynamic mortgage company? We are currently seeking a licensed Loan Officer to join our team and...
- Naperville, IL (17 miles from Elgin, IL)
- 12 days ago
- Naperville, IL (17 miles from Elgin, IL)
- 12 days ago
May occasionally originate mortgage loan applications and lock rates directly in the loan origination system. Reports to the Branch Manager....
Consumer Loan Sales Specialist
- Schaumburg, IL (7 miles from Elgin, IL)
- 13 days ago
- Schaumburg, IL (7 miles from Elgin, IL)
- 13 days ago
Take your career to the next level! In the last few years our goal has been expansion, creating growth opportunities for many of our team members. Not only are we serious about growth, but we are...
Senior Construction Loan Administrator - Commercial Mortgage Warehouse
- Rosemont, IL (17 miles from Elgin, IL)
- 16 days ago
- Rosemont, IL (17 miles from Elgin, IL)
- 16 days ago
Requires understanding of internal operation functions and commercial real estate lending. Experienced problem solver and in-person customer service....
Bilingual Consumer Loan Sales Specialist
- Elmwood Park, IL (22 miles from Elgin, IL)
- 18 days ago
- Elmwood Park, IL (22 miles from Elgin, IL)
- 18 days ago
Consumer Loan Sales Specialist will learn the lending and servicing business at OneMain allowing them to grow their career....
- Saint Charles, IL (6 miles from Elgin, IL)
- 19 days ago
- Saint Charles, IL (6 miles from Elgin, IL)
- 19 days ago
The Loan Originator is the primary contact for the loan applicant....
Loan Originator - (South Region)
- Bloomingdale, IL (8 miles from Elgin, IL)
- 19 days ago
- Bloomingdale, IL (8 miles from Elgin, IL)
- 19 days ago
The Loan Originator is the primary contact for the loan applicant....
1099 Loan Officer Role Post Online Ads for Customers; High Commissions
- Elk Grove Village, IL (12 miles from Elgin, IL)
- 20 days ago
- Elk Grove Village, IL (12 miles from Elgin, IL)
- 20 days ago
Let's talk about your future in lending - no experience necessary! post id: ... [ ]...
Remote WorkThe Consumer Loan Specialist assists both new and existing customers in the lending process. This position is a terrific opportunity to start your career and learn about consumer finance!...
Senior Commercial Loan Officer
- Wheaton, IL (12 miles from Elgin, IL)
- 21 days ago
- Wheaton, IL (12 miles from Elgin, IL)
- 21 days ago
Required Qualifications: A minimum of 7 years’ experience in commercial lending, with demonstrated expertise in business development and portfolio management....
Demographic Data for Elgin, IL
Moving to Elgin, IL? Find some basic demographic data about Elgin, IL below.
Loan Originator Online Courses and Training Opportunities
Title Synonyms
Users interested in this job title also searched for the following job titles
Salary for Loan Originator Jobs in Elgin, IL
Required or preferred licenses and certifications for Loan Originator positions.
Highest Education Level
Loan Originators in Elgin, IL offer the following education backgroundQualifications / Skill Sets
The following top skills are often required or desired to land a Loan Originator position
- Goal Oriented
- Federal National Morgage Association
- Mortgage Lending
- Loan Origination
- Consumer Lending
- Nationwide Mortgage Licensing System & Registry
- Lending
- Loan Documentation
- FHLMC
- Federal Housing Administration
- Fannie Mae
- Jumbo Loans
- BSA
- Commercial Banking
- Commercial Lending
- Freddie Mac
- Tila Respa Integrated Disclosures
- Private Banking
- Loan Processing
- OFAC
- Credit Underwriting
- Mortgage Processing
- Credit Analysis
- USDA
- Loan Servicing
- Financial Services
- Underwriting
- Appraisal
- Portfolio Management
- Real Estate
- Sales Management
- Customer Satisfaction
- Referrals
- Finance
- Closing
- Collections
- Business Development
- Accounting
- Listening
- Customer Relations
- High School Diploma
- Retail
- Written Communication
- Negotiation
- Telephone Skills
- Documentation
- Filing
- Regulations
- Policy Development
- Sales
- Problem Solving
- Microsoft Excel
- Microsoft Office
- Bilingual
- Organization
- Customer Service
- Scheduling
- Computer Skills
- Leadership
- Communication Skills
Other Career Titles
Here are some other career titles that require similar skills
Loan Originator Related Career Advice Articles
How to Decide Between Investment Banking and Commercial Banking
Many finance professionals begin the career planning phase by taking some time to figure out whether they want to pursue commercial banking or investment banking. While both career paths can reap great rewards, each comes with a different set of responsibilities and skills. Here is a breakdown of some of the factors that separate careers in investment and commercial banking to consider.
Read article »
Career Spotlight: Personal Banker
What does a personal banker do? Is a personal banker salary rewarding? Get answers to these questions and more in our guide to personal banker careers.
Read article »