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.
Maintain notes within the Loan Origination System to ensure complete exchange of information. Occasionally provide initial set up of the file....
This job was posted by : For more information, please see: Job Title: Mortgage Loan Originator Work Location: Sycamore, Illinois Department: Loan Department Reports to: Sr....
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....
Help Small Businesses Thrive: Connect small businesses with financing from a network of over 100+ lenders....
Remote WorkJob Description: At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. We do this by driving Responsible Growth and...
Join our dynamic team as a Loan Servicing Specialist IV and make impactful changes in loan servicing processes! **Job Summary:** As a Loan Servicing Specialist IV in the Centralized Money Movement...
This position is expected to utilize sound lending skills, maximize potential profits, and follow policies for effective collection of accounts....
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...
Inbound Financial Services Representative II - Digital Banking Expertise Required 4 - Month Contract Start Date: 9/2/2025 Are you passionate about delivering exceptional customer service and...
Join our dynamic team as a Loan Servicing Specialist IV and make impactful changes in loan servicing processes! Job Summary: As a Loan Servicing Specialist IV in the Centralized Money Movement...
You will be proactively involved in originating conventional, FHA, VA and IDHA loans, working with your borrowers throughout the entire loan process....
process from application to close....
An agricultural lender has knowledge of the industry, the market area, and keeps up to date with rules and regulations....
Location: Chicago, Illinois Business Unit: Rush Medical Center Hospital: Rush University Medical Center Department: SBO Enterprise Services Work Type: Full Time (Total FTE between 0.9 and 1.0)...
Senior Custom Credit Banker - Senior Lead Wealth Custom Lending Specialist
- Chicago, IL
- 5 days ago
- Chicago, IL
- 5 days ago
lending, and trust services....
Demographic Data for Illinois
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Salary for Loan Originator Jobs in Illinois
Required or preferred licenses and certifications for Loan Originator positions.
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
- Retail Banking
- Mortgage Lending
- Loan Origination
- Consumer Lending
- Nationwide Mortgage Licensing System & Registry
- Lending
- Federal Housing Administration
- Federal National Morgage Association
- Loan Documentation
- Credit Underwriting
- Commercial Banking
- Jumbo Loans
- BSA
- Loan Review
- Commercial Lending
- Fannie Mae
- FHLMC
- Freddie Mac
- Loan Processing
- Tila Respa Integrated Disclosures
- VA Loans
- Mortgage Processing
- OFAC
- Credit Analysis
- Financial Services
- Loan Servicing
- Underwriting
- Appraisal
- Financial Analysis
- Goal Oriented
- Real Estate
- Referrals
- Sales Management
- Customer Satisfaction
- Collections
- Closing
- Finance
- Accounting
- Retail
- Business Development
- High School Diploma
- Customer Relations
- Written Communication
- Negotiation
- Verbal Communication
- Telephone Skills
- Documentation
- Filing
- Policy Development
- Regulations
- Microsoft Office
- Problem Solving
- Microsoft Excel
- Sales
- Teamwork
- Organization
- Customer Service
- Scheduling
- Computer Skills
- Leadership
- Communication Skills
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