Loan Officer Jobs in Elgin, IL
A Loan Officer plays a pivotal role in the banking industry, as they are primarily responsible for evaluating, authorizing, and recommending approval of loan applications for individuals and businesses. They mostly serve as intermediaries between lending institutions and borrowers. They review loan applications to determine the borrower's ability to repay the loan, assess and mitigate potential risks, and guide clients through the application process until the loan is approved and disbursed. Therefore, they assist the banking industry in maintaining a solid client base and promoting financial products and services.
Loan Officers must possess a blend of analytical and interpersonal skills. The ability to analyze financial data to assess the likelihood of a borrower repaying their loan is critical. Additionally, strong communication and customer service skills are needed to explain complex information to clients and build strong relationships. Relevant certification, such as the Mortgage Loan Officer (MLO) license, is often required. Prior roles that may pave the way for a career as a Loan Officer include roles such as Loan Processor, Financial Analyst, or Credit Analyst. These roles provide the necessary experience and understanding of financial products, lending procedures, and risk assessment necessary for a Loan Officer's role.
Senior Loan Originator - 25733
- Glen Ellyn, IL (13 miles from Elgin, IL)
- 17 hours ago
- Glen Ellyn, IL (13 miles from Elgin, IL)
- 17 hours ago
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....
Loan Originator - (South Region) - 25737
- Schaumburg, IL (7 miles from Elgin, IL)
- 17 hours ago
- Schaumburg, IL (7 miles from Elgin, IL)
- 17 hours ago
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....
Monitor the expedient processing of loan applications through regular contact with loan processors and conduct regular pipeline management....
- St Charles, IL (6 miles from Elgin, IL)
- 7 days ago
- St Charles, IL (6 miles from Elgin, IL)
- 7 days ago
The Commercial Loan Officer III develops, manages, and grows agricultural, SBA, commercial, and/or commercial real estate loans that meet established commercial lending criteria and provide maximum...
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- St Charles, IL (6 miles from Elgin, IL)
- 7 days ago
- St Charles, IL (6 miles from Elgin, IL)
- 7 days ago
Assists loan officers in gathering information for new loan requests and submits loan requests and supporting documentation to Central Loan Processing....
- Downers Grove, IL (17 miles from Elgin, IL)
- 8 days ago
- Downers Grove, IL (17 miles from Elgin, IL)
- 8 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 - (North Region IL & WI)
- Arlington Heights, IL (14 miles from Elgin, IL)
- 8 days ago
- Arlington Heights, IL (14 miles from Elgin, IL)
- 8 days ago
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....
Commercial Loan Administrative Assistant
- Itasca, IL (11 miles from Elgin, IL)
- 10 days ago
- Itasca, IL (11 miles from Elgin, IL)
- 10 days ago
Provide administrative support for multiple loan officers....
- Schaumburg, IL (7 miles from Elgin, IL)
- 16 days ago
- Schaumburg, IL (7 miles from Elgin, IL)
- 16 days ago
Join a Company that Empowers you to Build your Future The Loan Officer Associate assists Loan Officers while developing skills and knowledge to become a Loan Officer in the future....
Account Executive (Mortgage Consultant) - Lombard, IL
- Lombard, IL (14 miles from Elgin, IL)
- 17 days ago
- Lombard, IL (14 miles from Elgin, IL)
- 17 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...
- Schaumburg, IL (7 miles from Elgin, IL)
- 21 days ago
- Schaumburg, IL (7 miles from Elgin, IL)
- 21 days ago
Requirements: Licensed Loan Officer: Hold an active and valid state license as a Loan Officer....
- Naperville, IL (17 miles from Elgin, IL)
- 25 days ago
- Naperville, IL (17 miles from Elgin, IL)
- 25 days ago
May occasionally originate mortgage loan applications and lock rates directly in the loan origination system. Reports to the Branch Manager....
Senior Construction Loan Administrator - Commercial Mortgage Warehouse
- Rosemont, IL (17 miles from Elgin, IL)
- 29 days ago
- Rosemont, IL (17 miles from Elgin, IL)
- 29 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)
- 30+ days ago
- Elmwood Park, IL (22 miles from Elgin, IL)
- 30+ 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)
- 30+ days ago
- Saint Charles, IL (6 miles from Elgin, IL)
- 30+ days ago
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....
Demographic Data for Elgin, IL
Moving to Elgin, IL? Find some basic demographic data about Elgin, IL below.
Loan Officer Online Courses and Training Opportunities
Title Synonyms
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Salary for Loan Officer Jobs in Elgin, IL
Required or preferred licenses and certifications for Loan Officer positions.
Highest Education Level
Loan Officers in Elgin, IL offer the following education backgroundQualifications / Skill Sets
The following top skills are often required or desired to land a Loan Officer position
- Goal Oriented
- Mortgage Lending
- Federal National Morgage Association
- Loan Origination
- Consumer Lending
- Lending
- Nationwide Mortgage Licensing System & Registry
- Federal Housing Administration
- Fannie Mae
- Loan Documentation
- Jumbo Loans
- BSA
- Loan Review
- Commercial Banking
- FHLMC
- Commercial Lending
- Freddie Mac
- Credit Underwriting
- Loan Processing
- Private Banking
- OFAC
- Mortgage Processing
- Cross Selling
- Credit Analysis
- Foreign Exchange
- Financial Services
- USDA
- Loan Servicing
- Underwriting
- Appraisal
- Real Estate
- Sales Management
- Customer Satisfaction
- Referrals
- Finance
- Closing
- Collections
- Business Development
- Accounting
- Customer Relations
- High School Diploma
- Listening
- 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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