Loan Originator Jobs in Rockford, 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.
Senior Commercial Loan Officer
- South Beloit, IL (12 miles from Rockford, IL)
- 15 days ago
- South Beloit, IL (12 miles from Rockford, IL)
- 15 days ago
Required Qualifications: A minimum of 7 years’ experience in commercial lending, with demonstrated expertise in business development and portfolio management....
Required Qualifications: A minimum of 7 years’ experience in commercial lending, with demonstrated expertise in business development and portfolio management....
#LI-TM2 Mortgage Loan Originator Compensation for this position is largely incentive-based. Incentives are combined with either a base salary or a draw, resulting in total cash compensation....
A credit report is obtained and analyzed by the Loan Originator. The Loan Originator is heavily involved with the client during the application and closing process....
Maintains close working relationship with the Chief Lending Officer, Senior Lender, Chief Credit Administration Officer, Chief Retail Lending Officer and Loan Operations Manager....
Mortgage Loan Officer. 3 Month Guaranteed Bonus.
- Beloit, WI (16 miles from Rockford, IL)
- 60+ days ago
- Beloit, WI (16 miles from Rockford, IL)
- 60+ days ago
Previous consumer lending experience at Marine Credit Union preferred. Education and Experience: High School Diploma....
Remote WorkBilingual Mortgage Loan Officer
- Beloit, WI (16 miles from Rockford, IL)
- 60+ days ago
- Beloit, WI (16 miles from Rockford, IL)
- 60+ days ago
Previous consumer lending experience at Marine Credit Union preferred. Education and Experience: High School Diploma....
Remote WorkDemographic Data for Rockford, IL
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Salary for Loan Originator Jobs in Rockford, IL
Required or preferred licenses and certifications for Loan Originator positions.
Highest Education Level
Loan Originators in Rockford, 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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