Mortgage Loan Officer – Elgin, IL

At Old Second, we just celebrated our sesquacentennial! That means we’ve been serving our customers in the Chicago Area for 150+ years! We’re proud of that. In particular, we’re proud of how we got here. For over 150 years we have been a local community bank serving the banking needs of our neighbors. With great employees we’ve grown from a single location in the back of a general store to 50 locations and over $6 billion dollars in assets. Recently, we’ve been voted a Forbes Best-In-State Bank for Illinois by our customers. Be a part of something big as we continue our growth story together!

Position Overview

The Mortgage Loan Officer is primarily responsible for proactively developing and maintaining a network of Realtors and other sources of business through outside sales efforts in order to originate quality residential mortgage loans in accordance with Old Second policies and procedures.

Essential Job Functions

• Proactively source and originate new mortgage loans by spending at least 50% of work time on outside sales activities.
• Customarily and regularly engage in making and soliciting loan sales and conducting sales related activities outside of Old Second locations.
• Establish referral source relationships for a steady flow of loan volume from real estate brokers and other external sources.
• Take applications, conduct preliminary reviews, submit loan applications to processing and underwriting for approval.
• Ensure customer satisfaction by maintaining thorough knowledge of lending programs and by maintaining consistent and thorough communication with involved parties throughout loan process.
• Identify and participate in appropriate community and or business groups to develop and maintain business relationships.
• Work closely within assigned branch(es) to obtain and close internal referrals.

Qualifications

• Demonstrated sales ability and experience marketing to real estate community
• Experience originating conventional and government single family and multi-family (1-4) residential loans
• Knowledge of government regulations and secondary market standards
• Self motivated, high energy, and excellent organizational and follow up skills
• Thorough knowledge of lending regulations, conventional and/or government loan regulations and compliance
• Professional appearance and demeanor

Thanks for considering Old Second!