Loan Originator Jobs in Schaumburg, 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.
- Chicago, IL (23 miles from Schaumburg, IL)
- 1 day ago
- Chicago, IL (23 miles from Schaumburg, IL)
- 1 day ago
Maintain notes within the Loan Origination System to ensure complete exchange of information. Occasionally provide initial set up of the file....
- Melrose Park, IL (14 miles from Schaumburg, IL)
- 1 day ago
- Melrose Park, IL (14 miles from Schaumburg, 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...
Credit Officer - Global Corporate & Investment Banking - General Industries
- Chicago, IL (23 miles from Schaumburg, IL)
- 1 day ago
- Chicago, IL (23 miles from Schaumburg, IL)
- 1 day ago
Corporate Banking, Investment Banking, Global Markets, and Treasury Exercises Delegated Approval Authority using sound judgment and expertise to make approval decisions for the business including new lending...
Leasing Credit Officer II/Leasing Credit Senior Officer - Asset Based Finance
- Chicago, IL (23 miles from Schaumburg, IL)
- 2 days ago
- Chicago, IL (23 miles from Schaumburg, IL)
- 2 days ago
and negotiate third party documentation Proven ability to identify trends and emerging risks in underwriting and client selection Proficient Microsoft Office skills Desired Qualifications: Municipal Lending...
Loan Sales Specialist - Belmont Cragin
- Chicago, IL (23 miles from Schaumburg, IL)
- 2 days ago
- Chicago, IL (23 miles from Schaumburg, IL)
- 2 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...
Small Business Lending Consultant
- Naperville, IL (18 miles from Schaumburg, IL)
- 2 days ago
- Naperville, IL (18 miles from Schaumburg, IL)
- 2 days ago
Help Small Businesses Thrive: Connect small businesses with financing from a network of over 100+ lenders....
Remote WorkSmall Business Lending Consultant
- Chicago, IL (23 miles from Schaumburg, IL)
- 2 days ago
- Chicago, IL (23 miles from Schaumburg, IL)
- 2 days ago
Help Small Businesses Thrive: Connect small businesses with financing from a network of over 100+ lenders....
Remote WorkMaintain notes within the Loan Origination System to ensure complete exchange of information. Occasionally provide initial set up of the file....
Account Executive (Mortgage Consultant) - Chicago, IL
- Chicago, IL (23 miles from Schaumburg, IL)
- 3 days ago
- Chicago, IL (23 miles from Schaumburg, 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...
Lead Credit Officer - Non Bank FIG
- Chicago, IL (23 miles from Schaumburg, IL)
- 4 days ago
- Chicago, IL (23 miles from Schaumburg, IL)
- 4 days ago
Key Responsibilities: Perform in-depth financial analysis to detect key risks and evaluate the strength of lending counterparties Lead the ongoing review and assessment of a portfolio comprised of residential...
Leasing Credit Officer II/Leasing Credit Senior Officer - Global Corporate Aircraft Finance
- Chicago, IL (23 miles from Schaumburg, IL)
- 5 days ago
- Chicago, IL (23 miles from Schaumburg, IL)
- 5 days ago
Job Description: At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. Responsible Growth is how we run our company and...
- Chicago, IL (23 miles from Schaumburg, IL)
- 5 days ago
- Chicago, IL (23 miles from Schaumburg, IL)
- 5 days ago
The Operations Department is an integral part of any secured lending organization; it not only acts as the support staff to the Credit Department, but also acts in a customer service capacity as representatives...
- South Elgin, IL (12 miles from Schaumburg, IL)
- 6 days ago
- South Elgin, IL (12 miles from Schaumburg, 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...
Senior Associate, Construction Loan Administrator
- Chicago, IL (23 miles from Schaumburg, IL)
- 6 days ago
- Chicago, IL (23 miles from Schaumburg, IL)
- 6 days ago
Primary Responsibilities Review loan, underwriting, and construction documents prior to loan closing for consistency with established construction lending best practices....
- Highland Park, IL (17 miles from Schaumburg, IL)
- 6 days ago
- Highland Park, IL (17 miles from Schaumburg, IL)
- 6 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....
Demographic Data for Schaumburg, IL
Moving to Schaumburg, IL? Find some basic demographic data about Schaumburg, IL below.
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Salary for Loan Originator Jobs in Schaumburg, IL
Required or preferred licenses and certifications for Loan Originator positions.
Highest Education Level
Loan Originators in Schaumburg, 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
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