Loan Originator Jobs in Rockford, 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.
This position is expected to utilize sound lending skills, maximize potential profits, and follow policies for effective collection of accounts....
- Freeport, IL (24 miles from Rockford, IL)
- 7 days ago
- Freeport, IL (24 miles from Rockford, 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...
Loan Originator Assistant - (North Region IL & WI)
- Rockford, IL
- 13 days ago
- Rockford, IL
- 13 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....
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....
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- Freeport, IL (24 miles from Rockford, IL)
- 23 days ago
- Freeport, IL (24 miles from Rockford, IL)
- 23 days ago
A typical day: Analyzes financial and supporting documentation submitted for formal and informal lending and servicing requests....
#LI-TM2 Mortgage Loan Originator Compensation for this position is largely incentive-based. Incentives are combined with either a base salary or a draw, resulting in total cash compensation....
Mortgage Loan Officer. 3 Month Guaranteed Bonus.
- Beloit, WI (16 miles from Rockford, IL)
- 90+ days ago
- Beloit, WI (16 miles from Rockford, IL)
- 90+ days ago
Previous consumer lending experience at Marine Credit Union preferred. Education and Experience: High School Diploma....
Remote WorkBilingual Mortgage Loan Officer
- Beloit, WI (16 miles from Rockford, IL)
- 90+ days ago
- Beloit, WI (16 miles from Rockford, IL)
- 90+ days ago
Previous consumer lending experience at Marine Credit Union preferred. Education and Experience: High School Diploma....
Remote WorkDemographic Data for Rockford, IL
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Salary for Loan Originator Jobs in Rockford, IL
Required or preferred licenses and certifications for Loan Originator positions.
Highest Education Level
Loan Originators in Rockford, 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
- 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
- Credit Underwriting
- Loan Processing
- VA Loans
- Private Banking
- 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
- 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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