Construction Loan Officer jobs in Chicago, IL

Construction Loan Officer sources and structures construction loans. Performs a due diligence review of potential borrowers, including risk and financial analysis. Being a Construction Loan Officer analyzes applicants' credit and financial status and obtains property appraisals to determine the feasibility of granting loans. Develops relationships with builders and developers to obtain referrals and future lending opportunities. Additionally, Construction Loan Officer structures construction loan terms and conditions according to policies. Approves loans within authorized limits or refers them to a loan committee for approval. May disburse loan proceeds at designated project mile. Requires a bachelor's degree. Typically reports to a manager. The Construction Loan Officer occasionally directed in several aspects of the work. Gaining exposure to some of the complex tasks within the job function. To be a Construction Loan Officer typically requires 2 -4 years of related experience. (Copyright 2024 Salary.com)

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Loan Officer
  • Paramount Residential Mortgage Group
  • Schaumburg, IL FULL_TIME
  • Overview

    PRMG is Built by Originators for Originators.  There is a reason why PRMG is consistently voted one of the best places to work.  We focus on the areas that make an Originator successful and have an unmatched Culture.  We look forward to helping you succeed as an Originator.  

    Responsibilities

    Essential Job Functions:

    • Organization: Develops and implements strategies, satisfying customer needs through a full array of products and services.
    • Coordination: Uses judgment and discretion to ensure uninterrupted flow of business.
    • Communication: Communicates well verbally and in writing with co-workers and customers acting as liaison between customer and Company’s internal departments to ensure cohesive business flow.
    • Equipment: Uses such office equipment as computer terminals, copiers, and FAX machines.
    • Physical: Sits and stands for extended time periods. Hearing and vision within normal ranges. Must devote substantially more than 50 percent of working hours outside of any Company office, home office, and any other fixed site, meeting with customers and potential customers seeking residential mortgage financing.

     

    Responsibilities:

    • Verifies, compiles, and inputs application information for mortgage loans.
    • Discuss and advise the client of their home loan options.
    • Reviews residential loan application file to verify that application data is complete and meets establishment standards, including type and amount of mortgage applied for, including but not limited to borrower assets, liabilities, and length of employment.
    • Informs supervisor of discrepancies in title or survey.
    • Performs other related duties as assigned.
    • Current, valid NMLS license or appointment in good standing.

    Qualifications

    • Must have applicable state licensing. 
    • Two to five years’ experience are preferred. 
    • Must also meet one of the following 3 options:
    • Actively funding more than 2 loans/month, or
    • Xinnix Training completion for Loan Origination required, or
    • Origination mentor assigned to new Loan Officer by branch who funds more than 2 loans/month (see PRMG Loan Officer Mentor Agreement).

     

    Skills:

    • Ability to make sound judgments on the resolution of service, credit decision, funding, and post-close issues.
    • Ability to problem-solve and exercise independent judgment while displaying a high degree of initiative.
    • Ability to handle detailed assignments and maintain confidentiality.
    • Excellent communication and interpersonal skills.
    • Organizational skills necessary to prioritize workload and delegate responsibility.

     

     

    Travel:

    • May be required.

    Min

    USD $0.00/Yr.

    Max

    USD $250,000.00/Yr.
  • 1 Month Ago

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Loan Officer
  • Lennar Corporation
  • Dundee, IL FULL_TIME
  • Loan OfficerUS-IL-East DundeeJob ID: 2024-32732Type: Regular Full-Time# of Openings: 1Category: MortgageLENMORT - East Dundee ILOverviewLennar Mortgage is centered around personal growth, innovation, ...
  • 1 Month Ago

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Site Safety Health Officer
  • Blinderman Construction
  • Chicago, IL FULL_TIME
  • Site Safety Health OfficerBlinderman Construction is seeking a Site Safety Health Officer within our Federal Program. As our SSHO, you will be responsible for the management of health and safety, work...
  • 14 Days Ago

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Loan Officer Assistant
  • M/I Homes
  • Naperville, IL FULL_TIME
  • M/I Homes, a top 15 national home builder, continues to quickly expand its division in Chicago. They seek a Mortgage Loan Officer Assistant for its builder financing subsidiary, M/I Financial, located...
  • 18 Days Ago

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Mortgage Loan Officer
  • KIND LENDING LLC
  • Schaumburg, IL FULL_TIME
  • Success Lending is bridging the gap between homebuyers, real estate agents, and loan officers by offering a faster, smoother, and more stress-free mortgage lending experience. Through innovation, tech...
  • 22 Days Ago

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Mortgage Loan Officer
  • A and N Mortgage Services Inc
  • Chicago, IL FULL_TIME
  • DescriptionAbout A and N Mortgage Services: With hundreds of companies promising low rates and competitive pricing A and N Mortgage Services stands out by providing efficient loans, the knowledge to f...
  • 7 Days Ago

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0 Construction Loan Officer jobs found in Chicago, IL area

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Senior Water Engineer / Project Manager
  • Stanley Consultants, Inc.
  • Chicago, IL
  • Stanley Consultants is seeking a Senior Water Engineer / Project Manager for our Chicago office to lead and deliver wate...
  • 4/26/2024 12:00:00 AM

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Environmental Finance - Assistant Director of Asset Management
  • US Bank
  • Chicago, IL
  • At U.S. Bank, we're on a journey to do our best. Helping the customers and businesses we serve to make better and smarte...
  • 4/26/2024 12:00:00 AM

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Associate General Counsel - Commercial Real Estate
  • Epsteinschwartz Legal Search
  • Chicago, IL
  • EpsteinSchwartz has an exciting opportunity for a strong real estate attorney. Our client, a dynamic and entrepreneurial...
  • 4/26/2024 12:00:00 AM

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Accounting Associate
  • RF RENOVO MANAGEMENT COMPANY LLC
  • Chicago, IL
  • Job Description Job Description Position: Accounting Associate Who We Are: Renovo Financial is a rapidly growing Chicago...
  • 4/26/2024 12:00:00 AM

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Roadway Engineering Team Leader
  • Lochmueller Group
  • Chicago, IL
  • We are looking for a talented Civil Engineer to join our Roadway/Highway Design team as a Roadway Team Leader in Edwards...
  • 4/24/2024 12:00:00 AM

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Impact Finance - Syndications Project Management Associate
  • U.S. Bank
  • Chicago, IL
  • At U.S. Bank, we're on a journey to do our best. Helping the customers and businesses we serve to make better and smarte...
  • 4/24/2024 12:00:00 AM

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Safety Manager - NRE Solar (Palatine, IL)
  • Nelnet, Inc.
  • Palatine, IL
  • Nelnet Renewable Energy began from Nelnet, a company that started 40-plus years ago with a purpose to serve our customer...
  • 4/24/2024 12:00:00 AM

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Patient Access Specialist
  • Northwestern Medicine
  • Chicago, IL
  • Benefits * $10,000 Tuition Reimbursement per year ($5,700 part-time) * $10,000 Student Loan Repayment ($5,000 part-time)...
  • 4/22/2024 12:00:00 AM

Chicago (/ʃɪˈkɑːɡoʊ/ (listen), locally also /-ˈkɔː-/), officially the City of Chicago, is the most populous city in Illinois, as well as the third most populous city in the United States. With an estimated population of 2,716,450 (2017), it is the most populous city in the Midwest. Chicago is the principal city of the Chicago metropolitan area, often referred to as Chicagoland, and the county seat of Cook County, the second most populous county in the United States. The metropolitan area, at nearly 10 million people, is the third-largest in the United States, and the fourth largest in North A...
Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia
Income Estimation for Construction Loan Officer jobs
$91,815 to $156,751
Chicago, Illinois area prices
were up 0.8% from a year ago

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Your local bank, if they do offer home construction loans, might be able to offer you a better rate.
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All loan officers must have a clear understanding of the bank’s loan policies.
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There are various types of construction loans, including consumer lot loans that are advanced first for the purchase of land and then transferred to a permanent loan for the building construction, and commercial construction loans for the expanding business and residential construction loans.
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