Loan Originator Jobs in Schaumburg, 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.
- Chicago, IL (23 miles from Schaumburg, IL)
- 22 hours ago
- Chicago, IL (23 miles from Schaumburg, IL)
- 22 hours ago
An agricultural lender has knowledge of the industry, the market area, and keeps up to date with rules and regulations....
Loan Review Officer I - Commercial/CRE
- Chicago, IL (23 miles from Schaumburg, IL)
- 3 days ago
- Chicago, IL (23 miles from Schaumburg, IL)
- 3 days ago
Determine the appropriate risk rating for Borrowers according to current Lending Policy and regulatory guidance....
Principal Commercial Credit Officer- Tech and Life
- Chicago, IL (23 miles from Schaumburg, IL)
- 3 days ago
- Chicago, IL (23 miles from Schaumburg, IL)
- 3 days ago
Responsibilities Credit Review - Reviews requests for new loan originations. Ensures due diligence and background evaluation is complete before credit approval is granted....
Residential Loan Officer - Elgin
- Elgin, IL (7 miles from Schaumburg, IL)
- 4 days ago
- Elgin, IL (7 miles from Schaumburg, IL)
- 4 days ago
Monitor the expedient processing of loan applications through regular contact with loan processors and conduct regular pipeline management....
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- Chicago, IL (23 miles from Schaumburg, IL)
- 4 days ago
- Chicago, IL (23 miles from Schaumburg, IL)
- 4 days ago
Mortgage Loan Originator LOCATION -- Evansville, Indiana 47712 Fifth Third Bank, National Association is proud to have an engaged and inclusive culture and to promote and ensure equal employment opportunity...
Financial Services Representative - LaSalle
- Chicago, IL (23 miles from Schaumburg, IL)
- 4 days ago
- Chicago, IL (23 miles from Schaumburg, IL)
- 4 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)
- 4 days ago
- Chicago, IL (23 miles from Schaumburg, IL)
- 4 days ago
The Loan Servicer will work with the lenders and portfolio managers to monitor and resolve exception tracking items related to the loan....
Real Estate Agents & Brokers: become Part-Time Mortgage Loan Officers
- Chicago, IL (23 miles from Schaumburg, IL)
- 4 days ago
- Chicago, IL (23 miles from Schaumburg, IL)
- 4 days ago
^Earn.75% MLO commission ($3,000 on a $400,000 loan) ^Average 1 - 2 hours time spent per loan ^World-class technology to intuitively guide new MLOs through the loan process ^Gain more control over closings...
- St Charles, IL (12 miles from Schaumburg, IL)
- 5 days ago
- St Charles, IL (12 miles from Schaumburg, IL)
- 5 days ago
Qualifications Education/Experience: Bachelors degree in Finance or Business Administration or the equivalent of specialized training in commercial and/or consumer lending and overall bank management...
- St Charles, IL (12 miles from Schaumburg, IL)
- 5 days ago
- St Charles, IL (12 miles from Schaumburg, IL)
- 5 days ago
Assists loan officers in gathering information for new loan requests and submits loan requests and supporting documentation to Central Loan Processing....
- Downers Grove, IL (15 miles from Schaumburg, IL)
- 6 days ago
- Downers Grove, IL (15 miles from Schaumburg, IL)
- 6 days ago
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 Originator - (North Region IL & WI)
- Arlington Heights, IL (7 miles from Schaumburg, IL)
- 7 days ago
- Arlington Heights, IL (7 miles from Schaumburg, IL)
- 7 days ago
The Loan Originator assists the borrower in determining the proper loan program, completing the loan application and gathering the required supporting documentation to begin the loan process....
- Chicago, IL (23 miles from Schaumburg, IL)
- 9 days ago
- Chicago, IL (23 miles from Schaumburg, IL)
- 9 days ago
Determine the appropriate risk rating for Borrowers according to current Lending Policy and regulatory guidance....
Commercial Loan Administrative Assistant
- Itasca, IL (5 miles from Schaumburg, IL)
- 9 days ago
- Itasca, IL (5 miles from Schaumburg, IL)
- 9 days ago
at Itasca Bank & Trust Co in Itasca, Illinois, United States Job Description This job requires commercial loan banking experience. Itasca Bank & Trust Co. is an independently owned, local...
- Chicago, IL (23 miles from Schaumburg, IL)
- 11 days ago
- Chicago, IL (23 miles from Schaumburg, IL)
- 11 days ago
Originating experience Ability to maintain flexible work schedule, including evening and weekend work Valid driver's license and dependable transportation NMLS License required, or willing to obtain...
Demographic Data for Schaumburg, IL
Moving to Schaumburg, IL? Find some basic demographic data about Schaumburg, IL below.
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Salary for Loan Originator Jobs in Schaumburg, IL
Required or preferred licenses and certifications for Loan Originator positions.
Highest Education Level
Loan Originators in Schaumburg, 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
- Mortgage Lending
- Federal National Morgage Association
- Loan Origination
- Consumer Lending
- Lending
- Nationwide Mortgage Licensing System & Registry
- Federal Housing Administration
- Fannie Mae
- Jumbo Loans
- Loan Documentation
- BSA
- Loan Review
- Commercial Banking
- FHLMC
- Commercial Lending
- Freddie Mac
- Loan Processing
- Private Banking
- OFAC
- Cross Selling
- Credit Underwriting
- Mortgage Processing
- Credit Analysis
- Financial Services
- USDA
- Loan Servicing
- Underwriting
- Appraisal
- Real Estate
- Sales Management
- Customer Satisfaction
- Referrals
- Finance
- Closing
- Collections
- Business Development
- Accounting
- Customer Relations
- High School Diploma
- Listening
- Retail
- Written Communication
- Verbal Communication
- Telephone Skills
- Negotiation
- Documentation
- Filing
- Regulations
- Policy Development
- Sales
- Problem Solving
- Microsoft Excel
- Microsoft Office
- Organization
- Customer Service
- Scheduling
- Computer Skills
- Leadership
- Communication Skills
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