Loan Officer Jobs in Illinois
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.
Wintrust operates more than 200 retail banking locations through 16 community bank subsidiaries in the greater Chicago, southern Wisconsin, west Michigan, northwest Indiana, and southwest Florida market...
processing....
We are currently hiring dedicated Mortgage Loan Officers who proactively identify, build and maintain a quality network of business relationships that serves as a source of referrals for new mortgage...
A successful Financial Services Representative (Banker) is an integral part of the Credit Union and will need to know or become familiar with many facets of the banking industry. They will need to...
Partner with originating banks through the loan process to assist them with processes, credit related issues and loan structures....
at Lakeside Bank in Oak Brook, Illinois, United States Job Description Summary: A Mortgage Loan Consultant or Mortgage Loan Originator will be responsible for originating residential first mortgage...
Financial Services Representative Fidelity Investments Schaumburg, United States Posted 21 hours ago Permanent Competitive Financial Services Representative Fidelity Investments Schaumburg, United...
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 Officer must always maintain confidentiality and professionalism in all aspects of service....
Counsels customers on lending options and solutions to meet their needs. Supports and facilitates key banking partnerships....
The Consumer Loan Specialist assists both new and existing customers in the lending process. This position is a terrific opportunity to start your career and learn about consumer finance!...
Title: Loan Administrator Location: Midwest Region Employment Type: Contract Description: * We are seeking a detail-oriented Loan Administrator to manage and support various financial processes...
Development Specialist Professions that excel in this role: Commercial Loan Officers, Financial Advisors/Planners, Insurance Agents/Brokers (Business Insurance), Real Estate Brokers/Agents (Commercial...
Remote WorkHelp provide advice and guidance to the institution’s lending management. Consults with senior lending department managers as to risk on complex or unusual loan relationships....
We employ a knowledgeable staff of experienced Mortgage Loan Originators with an operations team that is second to none....
Demographic Data for Illinois
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Salary for Loan Officer Jobs in Illinois
Required or preferred licenses and certifications for Loan Officer positions.
Highest Education Level
Loan Officers in Illinois offer the following education backgroundQualifications / Skill Sets
The following top skills are often required or desired to land a Loan Officer position
- Reimbursement
- Retail Banking
- Federal National Morgage Association
- Mortgage Lending
- Jumbo Loans
- Consumer Lending
- Loan Documentation
- Lending
- Loan Origination
- Nationwide Mortgage Licensing System & Registry
- FHLMC
- Fannie Mae
- Loan Review
- Commercial Banking
- BSA
- Freddie Mac
- Commercial Lending
- Federal Housing Administration
- Loan Processing
- OFAC
- Cross Selling
- Credit Underwriting
- Mortgage Processing
- Wealth Management
- Loan Servicing
- Credit Analysis
- Financial Services
- Encompass
- Underwriting
- Appraisal
- Real Estate
- Sales Management
- Referrals
- Customer Satisfaction
- Closing
- Finance
- Collections
- Business Development
- Listening
- Accounting
- Customer Relations
- High School Diploma
- Retail
- Negotiation
- Verbal Communication
- Telephone Skills
- Written Communication
- Documentation
- Sales
- Regulations
- Policy Development
- Microsoft Excel
- Microsoft Office
- Problem Solving
- Bilingual
- Teamwork
- Organization
- Customer Service
- Scheduling
- Computer Skills
- Leadership
- Communication Skills
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