Loan Originator Jobs in Illinois
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.
work independently - Ability to analyze financial information - Effective verbal and written communication skills - Established referral base within assigned market preferred -2 years of mortgage loan...
An agricultural lender has knowledge of the industry, the market area, and keeps up to date with rules and regulations....
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...
Position Type: Regular Your opportunity At Schwab, youre empowered to make an impact on your career. Here, innovative thought meets creative problem solving, helping us challenge the status quo...
/19300/f07371e6-c1d3-4ee2-beed-850b296ffa0e.png&z=8&s=BNK&ih_t=5%2F13%2F2025+9%3A00%3A46+AM&utm_medium=internal%20referrer&utm_campaign=internal-ihire-resume-review&utm_content=ihire&utm_term=sf_serp_searchresults_position_5&dt=Desktop)
This position is expected to utilize sound lending skills, maximize potential profits, and follow policies for effective collection of accounts....
Sr Real Estate Construction Loan Administrator - R
- Chicago, IL
- 20 hours ago
- Chicago, IL
- 20 hours ago
Provides guidance on construction loan processing and may serve in a leadership role on related initiatives through expertise....
Remote WorkResidential Lending Loan Officer Associate
- Springfield, IL
- 21 hours ago
- Springfield, IL
- 21 hours ago
RESIDENTIAL LENDING LOAN OFFICER ASSOCIATE* WHAT IS THE OPPORTUNITY?...
process....
Mortgage Banker Department: Mortgage Lending Location: Sycamore, IL, United States Salary: $24.04 - $28.85 Per Hour Average Hours Per Week: Hourly 35+ Required Hours Availability: Monday - Friday 8:...
at First Neighbor Bank, NA in Newman, Illinois, United States Job Description Join First Neighbor Bank as a Full-Time Commercial/Ag Loan Officer in Newman, IL, and elevate your career in a dynamic...
Dieterich Bank is looking for a Mortgage Loan Officer to join our Teutopolis branch. The Mortgage Loan Officer will develop relationships and solicit business from current customers, referrals,...
An agricultural lender has knowledge of the industry, the market area, and keeps up to date with rules and regulations....
An agricultural lender has knowledge of the industry, the market area, and keeps up to date with rules and regulations....
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....
Diploma * Minimum of 3 years mortgage lending experience * Minimum of 3 years business development/direct sales experience required. * Must be in good standing under "The Secure and Fair Enforcement...
Demographic Data for Illinois
Moving to Illinois? Find some basic demographic data about Illinois below.
Loan Originator Online Courses and Training Opportunities
Title Synonyms
Users interested in this job title also searched for the following job titles
Salary for Loan Originator Jobs in Illinois
Required or preferred licenses and certifications for Loan Originator positions.
Highest Education Level
Loan Originators in Illinois 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
- Loan Origination
- Consumer Lending
- Lending
- Federal National Morgage Association
- Nationwide Mortgage Licensing System & Registry
- Federal Housing Administration
- Loan Documentation
- Jumbo Loans
- BSA
- Loan Review
- Commercial Banking
- FHLMC
- Fannie Mae
- Commercial Lending
- Freddie Mac
- Credit Underwriting
- Loan Processing
- VA Loans
- Private Banking
- OFAC
- Mortgage Processing
- Cross Selling
- Credit Analysis
- Financial Services
- USDA
- Loan Servicing
- Underwriting
- Appraisal
- Real Estate
- Sales Management
- Customer Satisfaction
- Referrals
- Finance
- Closing
- Collections
- Business Development
- Customer Relations
- Accounting
- Listening
- High School Diploma
- 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
Other Career Titles
Here are some other career titles that require similar skills
Loan Originator Related Career Advice Articles
How to Decide Between Investment Banking and Commercial Banking
Many finance professionals begin the career planning phase by taking some time to figure out whether they want to pursue commercial banking or investment banking. While both career paths can reap great rewards, each comes with a different set of responsibilities and skills. Here is a breakdown of some of the factors that separate careers in investment and commercial banking to consider.
Read article »
Career Spotlight: Personal Banker
What does a personal banker do? Is a personal banker salary rewarding? Get answers to these questions and more in our guide to personal banker careers.
Read article »