Loan Originator Jobs in Illinois
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.
Company Overview Interactive Brokers Group, Inc. (Nasdaq: IBKR) is a global financial services company headquartered in Greenwich, CT, USA, with offices in over 15 countries. We have been at the...
This position is expected to utilize sound lending skills, maximize potential profits, and follow policies for effective collection of accounts....
Through our extensive network of trusted lenders, we help businesses secure the financing they need to grow and succeed....
Qualifications: • 1 + years of experience in a sales position. • High school diploma, bachelor’s degree preferred. • Highly motivated individual with an interest in the consumer finance industry....
Financial Services Representative - Schaumburg, IL
- Schaumburg, IL
- 2 days ago
- Schaumburg, IL
- 2 days ago
Financial Services Representative Have a passion for helping people? Join our team of Financial Services Representative where youll have dedicated time to focus on growth and career development,...
This role involves guiding applicants through the entire loan process—from application and underwriting to closing and post-closing support....
at ASSOCIATED BANK NATIONAL ASSOC in Chicago, Illinois, United States Job Description At Associated Bank we strive to create an inclusive culture where different perspectives are valued and...
Determine the appropriate risk rating for Borrowers according to current Lending Policy and regulatory guidance....
Required 7-10 years Loan Review, Commercial Lending, Credit Administration or Regulatory Examination....
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...
An agricultural lender has knowledge of the industry, the market area, and keeps up to date with rules and regulations....
Diploma * Minimum 2 years residential loan originations or processing experience in a mortgage banking company. * Minimum 2 years of experience with state and federal lending regulations (e.g....
Help Small Businesses Thrive: Connect small businesses with financing from a network of over 100+ lenders....
Remote WorkHelp Small Businesses Thrive: Connect small businesses with financing from a network of over 100+ lenders....
Remote WorkEvaluate and identify the members financial needs and originating new accounts, taking applications for and originating loans as well as cross-selling lending ancillary products, processing financial...
Remote WorkDemographic Data for Illinois
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Salary for Loan Originator Jobs in Illinois
Highest Education Level
Loan Originators in Illinois offer the following education backgroundQualifications / Skill Sets
The following top skills are often required or desired to land a Loan Originator position
- Goal Oriented
- Retail Banking
- Mortgage Lending
- Loan Origination
- Consumer Lending
- Nationwide Mortgage Licensing System & Registry
- Lending
- BSA
- Federal National Morgage Association
- Federal Housing Administration
- Loan Documentation
- Jumbo Loans
- Commercial Banking
- Loan Review
- Commercial Lending
- Fannie Mae
- FHLMC
- Freddie Mac
- Loan Processing
- Tila Respa Integrated Disclosures
- Credit Underwriting
- Cross Selling
- OFAC
- Encompass
- Mortgage Processing
- Credit Analysis
- Financial Services
- Loan Servicing
- Underwriting
- Appraisal
- Real Estate
- Sales Management
- Customer Satisfaction
- Referrals
- Finance
- Collections
- Closing
- Customer Relations
- Accounting
- Retail
- High School Diploma
- Business Development
- Negotiation
- Verbal Communication
- Written Communication
- Telephone Skills
- Documentation
- Filing
- Regulations
- Policy Development
- Sales
- Microsoft Office
- Problem Solving
- Microsoft Excel
- Teamwork
- Organization
- Customer Service
- Scheduling
- Computer Skills
- Leadership
- Communication Skills
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