Loan Originator Jobs in Newark, DE
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.
Loan Servicing Specialist Team Lead - R-101656-2554
- Wilmington, DE (12 miles from Newark, DE)
- 3 days ago
- Wilmington, DE (12 miles from Newark, DE)
- 3 days ago
/Waters Act, RESPA, Fair Lending, Fair Credit Reporting Act and BSA as it relates to the Retail Lending Function....
- Wilmington, DE (12 miles from Newark, DE)
- 13 days ago
- Wilmington, DE (12 miles from Newark, DE)
- 13 days ago
Position: Consumer Loan Specialist Hours of Work: Saturday hours required seasonally and as business needs require. Full-Time, Non-Exempt To the extent permitted by law, the Company may, in its...
- Wilmington, DE (12 miles from Newark, DE)
- 18 days ago
- Wilmington, DE (12 miles from Newark, DE)
- 18 days ago
Ensures lending compliance with all origination procedures including bank policies and procedures and regulatory requirements....
- Edgemoor, DE (15 miles from Newark, DE)
- 45+ days ago
- Edgemoor, DE (15 miles from Newark, DE)
- 45+ days ago
Basic understanding of consumer protection regulations such as the Truth in Lending Act. Excellent verbal, written, and interpersonal communication skills....
Demographic Data for Newark, DE
Moving to Newark, DE? Find some basic demographic data about Newark, DE below.
Loan Originator Online Courses and Training Opportunities
Title Synonyms
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Salary for Loan Originator Jobs in Newark, DE
Required or preferred licenses and certifications for Loan Originator positions.
Highest Education Level
Loan Originators in Newark, DE offer the following education backgroundQualifications / Skill Sets
The following top skills are often required or desired to land a Loan Originator position
- 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
- Commercial Banking
- Loan Review
- BSA
- Freddie Mac
- Commercial Lending
- Federal Housing Administration
- Loan Processing
- OFAC
- Credit Underwriting
- Cross Selling
- 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
- Teamwork
- Organization
- Customer Service
- Scheduling
- Computer Skills
- Leadership
- Communication Skills
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