Loan Originator Jobs in Chicago, IL
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.
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...
Primary Responsibilities Review loan, underwriting, and construction documents prior to loan closing for consistency with established construction lending best practices....
- Highland Park, IL (21 miles from Chicago, IL)
- 1 day ago
- Highland Park, IL (21 miles from Chicago, 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....
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...
What We're Looking For: Experience: At least 2 years of experience in construction finance or residential/commercial mortgage lending, with a solid understanding of construction loan structures and...
Minimum ten years of experience in multifamily and commercial real estate permanent lending with a proven track record of loan production....
Required 7-10 years Loan Review, Commercial Lending, Credit Administration or Regulatory Examination....
- Schaumburg, IL (23 miles from Chicago, IL)
- 2 days ago
- Schaumburg, IL (23 miles from Chicago, IL)
- 2 days ago
Licensed Loan Officer Are you a Loan Officer looking for an exciting opportunity to join a dynamic mortgage company? We are currently seeking a licensed Loan Officer to join our team and...
- Chicago, IL
- 2 days ago
- Chicago, IL
- 2 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 (6 miles from Chicago, IL)
- 3 days ago
- Cicero, IL (6 miles from Chicago, IL)
- 3 days ago
Consumer Loan Sales Specialist will learn the lending and servicing business at OneMain allowing them to grow their career....
- Oak Park, IL (7 miles from Chicago, IL)
- 3 days ago
- Oak Park, IL (7 miles from Chicago, IL)
- 3 days 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...
Community CRA Mortgage Loan Originator
- Dolton, IL (19 miles from Chicago, IL)
- 5 days ago
- Dolton, IL (19 miles from Chicago, IL)
- 5 days ago
., zoning ordinances, Truth-in Lending, RESPA, energy audit requirements, etc.) - Ability to work independently - Ability to analyze financial information - Excellent verbal and written communication...
Commercial Lending Account Manager Location: Chicago, IL 60603 Pay Range: $30/hr. - $32/hr....
Recent college graduates with relevant internships or exposure to commercial lending are encouraged to apply....
Consumer Loan Sales Specialist
- Schaumburg, IL (23 miles from Chicago, IL)
- 8 days ago
- Schaumburg, IL (23 miles from Chicago, IL)
- 8 days ago
Take your career to the next level! In the last few years our goal has been expansion, creating growth opportunities for many of our team members. Not only are we serious about growth, but we are...
Demographic Data for Chicago, IL
Moving to Chicago, IL? Find some basic demographic data about Chicago, IL below.
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Salary for Loan Originator Jobs in Chicago, IL
Required or preferred licenses and certifications for Loan Originator positions.
Highest Education Level
Loan Originators in Chicago, IL offer the following education backgroundQualifications / Skill Sets
The following top skills are often required or desired to land a Loan Originator position
- Goal Oriented
- Federal National Morgage Association
- Mortgage Lending
- Loan Origination
- Consumer Lending
- Fannie Mae
- Lending
- Loan Documentation
- Nationwide Mortgage Licensing System & Registry
- FHLMC
- Jumbo Loans
- Federal Housing Administration
- 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
- Verbal Communication
- Negotiation
- Telephone Skills
- Documentation
- Filing
- Regulations
- Policy Development
- Sales
- Problem Solving
- Microsoft Excel
- Microsoft Office
- Bilingual
- Organization
- Customer Service
- Scheduling
- Computer Skills
- Leadership
- Communication Skills
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