Loan Officer Jobs in Schaumburg, 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.
Leasing Credit Officer II/Leasing Credit Senior Officer - Global Corporate Aircraft Finance
- Chicago, IL (23 miles from Schaumburg, IL)
- 3 hours ago
- Chicago, IL (23 miles from Schaumburg, IL)
- 3 hours 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)
- 22 hours ago
- Chicago, IL (23 miles from Schaumburg, IL)
- 22 hours 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)
- 1 day ago
- South Elgin, IL (12 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 lifes expenses. In this role, our team members...
Senior Associate, Construction Loan Administrator
- Chicago, IL (23 miles from Schaumburg, IL)
- 1 day ago
- Chicago, IL (23 miles from Schaumburg, IL)
- 1 day 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)
- 1 day ago
- Highland Park, IL (17 miles from Schaumburg, IL)
- 1 day ago
To complement the basic conventional, FHA, and VA loan programs, we are uniquely positioned to meet the needs of the continually evolving market....
Financial Services Representative - LaSalle
- Chicago, IL (23 miles from Schaumburg, IL)
- 2 days ago
- Chicago, IL (23 miles from Schaumburg, IL)
- 2 days ago
We're building a relationship-oriented bank for the modern world. We need talented, passionate professionals who are dedicated to doing what's right for our clients. At CIBC, we embrace your...
- Chicago, IL (23 miles from Schaumburg, IL)
- 2 days ago
- Chicago, IL (23 miles from Schaumburg, IL)
- 2 days ago
Builders Capital, the nation's largest private construction lender, is seeking a dynamic Loan Officer to join our fast-growing team....
- Chicago, IL (23 miles from Schaumburg, IL)
- 2 days ago
- Chicago, IL (23 miles from Schaumburg, IL)
- 2 days ago
Minimum ten years of experience in multifamily and commercial real estate permanent lending with a proven track record of loan production....
Loan Review Officer II - Commercial/CRE
- Chicago, IL (23 miles from Schaumburg, IL)
- 2 days ago
- Chicago, IL (23 miles from Schaumburg, IL)
- 2 days ago
Required 7-10 years Loan Review, Commercial Lending, Credit Administration or Regulatory Examination....
Requirements: Licensed Loan Officer: Hold an active and valid state license as a Loan Officer....
- Chicago, IL (23 miles from Schaumburg, IL)
- 3 days ago
- Chicago, IL (23 miles from Schaumburg, IL)
- 3 days ago
To facilitate the CCB's wholesale lending activities, Commercial Lending Management (CLM) serves as an in-business credit function organized around our strategic industries and global target market...
- Cicero, IL (21 miles from Schaumburg, IL)
- 3 days ago
- Cicero, IL (21 miles from Schaumburg, IL)
- 3 days ago
Consumer Loan Sales Specialist will learn the lending and servicing business at OneMain allowing them to grow their career....
- Chicago, IL (23 miles from Schaumburg, IL)
- 5 days ago
- Chicago, IL (23 miles from Schaumburg, IL)
- 5 days ago
Commercial Lending Account Manager Location: Chicago, IL 60603 Pay Range: $30/hr. - $32/hr....
- Chicago, IL (23 miles from Schaumburg, IL)
- 5 days ago
- Chicago, IL (23 miles from Schaumburg, IL)
- 5 days ago
Recent college graduates with relevant internships or exposure to commercial lending are encouraged to apply....
- Naperville, IL (18 miles from Schaumburg, IL)
- 7 days ago
- Naperville, IL (18 miles from Schaumburg, IL)
- 7 days ago
May occasionally originate mortgage loan applications and lock rates directly in the loan origination system. Reports to the Branch Manager....
Demographic Data for Schaumburg, IL
Moving to Schaumburg, IL? Find some basic demographic data about Schaumburg, IL below.
Loan Officer Online Courses and Training Opportunities
Title Synonyms
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Salary for Loan Officer Jobs in Schaumburg, IL
Required or preferred licenses and certifications for Loan Officer positions.
Highest Education Level
Loan Officers in Schaumburg, 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
- Federal National Morgage Association
- Mortgage Lending
- Consumer Lending
- Loan Origination
- Fannie Mae
- Lending
- Loan Documentation
- Nationwide Mortgage Licensing System & Registry
- FHLMC
- Federal Housing Administration
- Jumbo Loans
- Commercial Banking
- BSA
- Freddie Mac
- Commercial Lending
- VA Loans
- Private Banking
- Loan Processing
- OFAC
- Cross Selling
- Credit Underwriting
- Mortgage Processing
- Encompass
- Credit Analysis
- USDA
- Wealth Management
- Loan Servicing
- Financial Services
- Underwriting
- Appraisal
- Real Estate
- Sales Management
- Customer Satisfaction
- Referrals
- Finance
- Closing
- Collections
- Business Development
- Accounting
- Listening
- Customer Relations
- Retail
- High School Diploma
- Written Communication
- Negotiation
- Telephone Skills
- Documentation
- Filing
- Regulations
- Policy Development
- Sales
- Problem Solving
- Microsoft Excel
- Microsoft Office
- Bilingual
- Teamwork
- Organization
- Customer Service
- Scheduling
- Computer Skills
- Leadership
- Communication Skills
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