Mortgage Loan Originator Salary in Illinois, USA

Wintrust Mortgage was founded in 1981 to help customers achieve the American dream of homeownership and has since successfully navigated the ever-changing real estate market. As a full-service, federally chartered lender with offices located across the country, we’re dedicated to providing customers with a wide range of mortgage products and have the capability to lend in all 50 states. To complement the basic conventional, FHA, and VA loan programs, we are uniquely positioned to meet the needs of the continually evolving market. Wintrust Mortgage is part of Wintrust, a financial services company with more than $50 billion in assets.Why join us?An award-winning culture! We are rated a Top Workplace by the Chicago Tribune (past 9 years) and Employee Recommended award by the Globe & Mail (past 6 years)Comprehensive benefit package including medical, dental, vision, life, a 401k plan with a generous company match and tuition reimbursement to name a fewFamily-friendly work hoursWith 175+ community bank locations, we offer opportunities to grow and develop in your careerPromote from within cultureWhy join this team? We have a culture that encourages an entrepreneurial spiritWe offer multiple opportunities for development and upward mobilityPosition Summary:  An employee in this position procures new mortgage transactions for the bank.  The primary responsibility is to bring in new loan requests into the bank for processing.  The Loan Originator is the primary contact for the loan applicant.Essential Duties and Responsibilities:The Loan Originator assembles and reviews a new application and matches the applicant with a mortgage program.  The file is handled by the Mortgage Originator until it is time to request loan documents and closing is scheduled.  By turning in the file at this point, the Loan Originator is able to go out and generate new business.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.Conducts preliminary underwriting reviews.Remains front line contact with the borrowers.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.Develops referral relationships with realtors, builders, bankers and other sources in order to proactively solicit new business.Qualifications:Minimum two years of mortgage loan origination experienceThorough knowledge of pricing and underwriting requirements of various mortgage products and programs.Knowledge of residential mortgage processing, underwriting and closing procedures.Thorough knowledge of federal lending regulations governing real estate lending, such as Truth-in-Lending, RESPA and others.Ability to analyze financial information.Excellent interpersonal and communication skills required.Pleasant and professional demeanor is essential.Work requires sound judgment and diplomacy.Outlook proficiency required.Requires National Mortgage Licensing System (NMLS) registration under the terms of the S.A.F.E Act of 2008Ability to travelFrom our first day in business, Wintrust has been proud to serve a variety of unique communities and people from all walks of life. To be Chicago’s Bank and Wisconsin's Bank, we need to reflect that diversity both in all the communities we serve, the people we employ, the organizations we work with, and our banking and lending practices. Wintrust Financial Corporation, including community banking and financial services subsidiaries, is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, national origin, sex, sexual orientation, gender identity and expressions, genetic information, marital status, age, disability, or status as a covered veteran or any other characteristic protected by law.

About Guaranteed Rate Companies:As a titan in mortgage lending and digital financial solutions, Guaranteed Rate Companies proudly operates with more than 6,400 employees stationed across over 800 branches nationwide, including Washington, D.C. Founded in the year 2000, we've assisted more than 1 million homeowners with their home purchase loans and refinances. In 2022 alone, we managed a total loan volume exceeding $33 billion. But we're more than just numbers; we're about innovation, offering competitive rates, and delivering customer service that's second to none. Our accolades include Inside Mortgage Finance's Second Largest Retail Originator for 2023, Chicago Agent's Lender of the Year for the 7th consecutive year, Scotsman's Guide 2022 ranking for having more top originators than any other lenders, NerdWallet's Best Lenders for Low and No-Down-Payment Mortgages of 2022, and Forbes' Best Online Lender for First-Time Homebuyers in 2022. For more information, visit rate.com.What's the Role?Litigation Counsel - Guaranteed Rate is building a winning team to reinvent the mortgage experience through innovation, technology and a relentless focus on providing industry-leading mortgage products and superlative customer service. You will embrace and support these efforts by pursuing and defending claims through negotiation, arbitration, or litigation. The ideal candidate will have commercial litigation experience. Preferably, the candidate will experience litigating arbitration matters. Job Responsibilities:Serve as first or second chair in arbitrations handled in-house by the company.Manage discovery process, draft pleadings and motions, prepare witnesses for trial, lead factual and legal investigation.Draft demand letters.Negotiate and resolve pre-litigation disputes.Handle other legal matters as assigned by management.Experience/Qualifications/Skills:At least 4 years of commercial litigation experience.Experience handling arbitrations will be a significant advantage.Prior financial services experience, especially in mortgage and experience litigating commission agreements, will also be a significant advantage.Positive, team-first attitude.Can-do, "roll up your sleeves" mindset.Sound business judgment and ability to strike right balance between legal risks and business goals.Willingness to learn the business and build strong relationships with internal stakeholders.Detail-oriented with excellent organizational skills.Clear, concise and persuasive oral and written communication skills.Ability to work constructively, collaboratively and cross functionally.Minimum Requirements:J.D. degree from an ABA-approved law school.Licensed to practice law in Illinois. Bar membership in additional states, especially California, is a plus.Guaranteed Rate, Inc. is an Equal Opportunity Employer that welcome and encourages all applicants to apply regardless of age, sex, religion, color, national origin, disability, veteran status, sexual orientation, gender identity and/or expression, marital or parental status, ancestry, citizenship status, pregnancy or other reason, as protected by law.

Wintrust Mortgage was founded in 1981 to help customers achieve the American dream of homeownership and has since successfully navigated the ever-changing real estate market. As a full-service, federally chartered lender with offices located across the country, we’re dedicated to providing customers with a wide range of mortgage products and have the capability to lend in all 50 states. To complement the basic conventional, FHA, and VA loan programs, we are uniquely positioned to meet the needs of the continually evolving market. Wintrust Mortgage is part of Wintrust, a financial services company with more than $50 billion in assets.Why join us?An award-winning culture! We are rated a Top Workplace by the Chicago Tribune (past 9 years) and Employee Recommended award by the Globe & Mail (past 6 years)Competitive pay and discretionary or incentive bonus eligibleComprehensive benefit package including medical, dental, vision, life, a 401k plan with a generous company match and tuition reimbursement to name a fewFamily-friendly work hoursWith 175+ community bank locations, we offer opportunities to grow and develop in your careerPromote from within cultureWhy join this team?We have a culture that encourages an entrepreneurial spiritWe offer multiple opportunities for development and upward mobilityYou come to join focused, highly collaborative team at a great companyAs the Loan Originator, primary responsibilities include:Use interpersonal and communication skills to generate referral business, leads and relationships with individuals, existing clients, past clients and Real Estate professionals.Participate in training for marketing, sales, and scenario techniques to effectively sell, package and close consumer mortgages.Take thorough and complete loan applications; analyze and prequalify applicant information to determine viability of the client’s desired loan program.Pull and analyze credit and compare for accuracy with the borrower’s statements.Provide guidance and information relevant to the risks and benefits of each program the applicant is qualified for.Effectively communicate the terms of each product and ensure all documents necessary are signed by the borrower.Provide the loan package to the loan processor for review. Work with the loan processor to provide any additional documentation as necessary and required by underwriting to clear conditions and close the loan.Job Requirements:Must meet all NMLS requirements.Must have superior interpersonal, organizational, communication (both written and oral), and telephone etiquette skills.Must be a self starter, motivated, energetic, with excellent time-management skills.Minimum of 3 years mortgage banking experience.From our first day in business, Wintrust has been proud to serve a variety of unique communities and people from all walks of life. To be Chicago’s Bank and Wisconsin's Bank, we need to reflect that diversity both in all the communities we serve, the people we employ, the organizations we work with, and our banking and lending practices. Wintrust Financial Corporation, including community banking and financial services subsidiaries, is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, national origin, sex, sexual orientation, gender identity and expressions, genetic information, marital status, age, disability, or status as a covered veteran or any other characteristic protected by law.

About Guaranteed Rate Companies:As a titan in mortgage lending and digital financial solutions, Guaranteed Rate Companies proudly operates with more than 6,400 employees stationed across over 800 branches nationwide, including Washington, D.C. Founded in the year 2000, we've assisted more than 1 million homeowners with their home purchase loans and refinances. In 2022 alone, we managed a total loan volume exceeding $33 billion. But we're more than just numbers; we're about innovation, offering competitive rates, and delivering customer service that's second to none. Our accolades include Inside Mortgage Finance's Second Largest Retail Originator for 2023, Chicago Agent's Lender of the Year for the 7th consecutive year, Scotsman's Guide 2022 ranking for having more top originators than any other lenders, NerdWallet's Best Lenders for Low and No-Down-Payment Mortgages of 2022, and Forbes' Best Online Lender for First-Time Homebuyers in 2022. For more information, visit rate.com.What's the Role?Counsel, Compensation - Guaranteed Rate is building a winning team to reinvent the mortgage experience through innovation, technology and a relentless focus on providing industry-leading mortgage products and superlative customer service. The Counsel, Compensation will embrace these efforts by supporting the Guaranteed Rate legal, licensing and compliance teams on contract, compensation, regulatory and employment matters and other special projects. The ideal candidate will be eager to learn, able to work independently, solve problems creatively, prioritize relentlessly, exercise business judgment soundly, and operate with a sense of urgency to get things done. Job Responsibilities:Compensation and employment related tasks including drafting, amending and managing employment agreements, compensation plans and related addenda for sales-related employees of Guaranteed Rate and its affiliated companies (i.e. mortgage loan officers and related support personnel.)Advise the business on various contact, compensation and regulatory issues and matters.Draft and manage compensation plan templates.Act as a liaison between the legal department and business operations, finance, human resources, compliance, and licensing for Guaranteed Rate with respect to compensation matters.Manage key projects to address legal and compliance needs.Assist the legal department with overflow work as necessary.Experience/Qualifications/Skills:5+ years of experience reviewing and drafting contracts and employment agreements.Experience with employment matters, commission-based employment agreements and/or regulatory issues preferred.Familiarity with the mortgage industry and the Loan Officer Compensation Rule, 12 CFR § 1026.36(d)-(e) is highly desired.Ability to complete projects under tight timelines.Willingness to learn the business and build strong relationships with internal stakeholders.Detail-oriented with excellent organizational skills.Self-motivated with strong work ethic.Clear, concise and persuasive oral and written communication skills.Solid business acumen with ability to work collaboratively and cross functionally.Proven track record of multi-tasking and working under a heavy workload with changing priorities.Strong analytical and problem-solving skills.Resilient with a sense of humor.Minimum Requirements:J.D. degree from an ABA-approved law school.Licensed to practice law in Illinois.Skilled at Adobe Acrobat and Microsoft Outlook, Word, Excel and Power Point.Graduated from an accredited Law School with a Juris Doctor degree.Admitted to the Illinois Bar (or admission to a state bar of any jurisdiction in the United States and admitted to the Illinois Bar within a reasonable time following the commencement of the position).Local candidates only.Guaranteed Rate, Inc. is an Equal Opportunity Employer that welcome and encourages all applicants to apply regardless of age, sex, religion, color, national origin, disability, veteran status, sexual orientation, gender identity and/or expression, marital or parental status, ancestry, citizenship status, pregnancy or other reason, as protected by law.