SBA Lending Officer

Wintrust Financial Milwaukee , WI 53201

Posted 3 months ago

Wintrust Financial Corporation (Wintrust) is a financial services company based in Rosemont, Illinois, with approximately $30 billion in assets. We engage in the business of providing traditional community banking services, commercial banking, wealth management services, commercial insurance premium financing, life insurance premium financing, mortgage origination, short-term accounts receivable financing, and certain administrative services, such as data processing of payrolls, billing and treasury management services. We provide community-oriented, personal and commercial banking services to customers located in the greater Chicago, Illinois and southern Wisconsin areas through our 15 wholly-owned banking subsidiaries.

This position is responsible for loan production of SBA loan products (7a, Express and 504). This includes, but is not limited to:

  • Serving as the team's primary contact with customers and prospects

  • Source SBA loan opportunities through Wintrust Community Bank network.

  • Commence developing contacts so the SBA banker can self-source SBA loan opportunities in the future.

  • Work with SBA closing department to ensure timely and accurate closing of SBA Loans.

  • Clearing exceptions, monitoring annual financial performance including site visits and ensuring completeness of loan file.

  • Monitoring delinquency and collecting past due payments.
    1.Generate new small business relationships for Wintrust Community Banks (internal referrals) through utilization of the SBA loan programs and Wintrust treasury management services.
    2.Make and Maintain relationships of small businesses bankers, business bankers and middle market lenders within Wintrust Community Banks.
    3.When appropriate, introduce other Wintrust partners to small business contacts, prospects and bank customers.
    4.Evaluates SBA loan requests using a thorough knowledge of loan policy, guidelines, procedures and SBA standard operating procedures. If appropriate, move the transaction into the credit department for formal underwriting.
    5.Analyzes industries and have a thorough knowledge of risk associated with those industries. Assesses the risk inherent in each industry and suggest appropriate financing structures accordingly.
    6.Monitors portfolio for individual loan delinquencies. Work with originating banker and take action to collect payments.
    7.Monitor tickler system report (Baker Hill) for accurate tracking and reporting of borrower required reporting including financial statements, tax returns, annual site visits, etc. Takes proactive steps to remedy exceptions keeping them to a minimum at all times.
    8.Exhibits thorough knowledge of fair lending issues, rules and various regulations that directly impact the commercial lending area (e.g. Regulation B, FACT Act, HMDA, CRA, etc.)
    9.Seeks alternative means of financing or counter offers for all borrowers, if appropriate, when it is determined that the original request cannot be accommodated.

  1. Demonstrates effective time management by balancing multiple priorities within individual workload.
  2. Communicates with and effectively interacts with all levels of management, including credit underwriting personnel, loan operations staff and related departments.
  3. As directed by management undertakes portfolio monitoring actions to identify shifts in risk trends and portfolio performance.
  4. Performs other duties as assigned or required.
    1.Strong understanding of the Small Business Administration's Standard Operating Procedures.
    2.Requires sound understanding of commercial credit including cash flow, evaluation of management and collateral.
    3.Excellent verbal and written communication skills.
    4.Computer skills: Thorough knowledge of Word and Excel. Comfortable with and adaptive to working in an evolving electronic environment.
    5.Bachelor's degree. Preferably in a business related field such as accounting or finance.
    6.Minimum of 5 years of commercial underwriting or commercial relationship management experience is required. Formal credit training is a plus.

We provide an engaging, dynamic work environment, an excellent compensation package including 401k, employee stock purchase plan, medical/dental, life insurance and more!

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, ethnicity, gender, sexual orientation, gender identity, national origin, veteran status, or disability.

icon no score

See how you match
to the job

Find your dream job anywhere
with the LiveCareer app.
Mobile App Icon
Download the
LiveCareer app and find
your dream job anywhere
App Store Icon Google Play Icon

Boost your job search productivity with our
free Chrome Extension!

lc_apply_tool GET EXTENSION

Similar Jobs

Want to see jobs matched to your resume? Upload One Now! Remove
Home Lending Client Care Specialist I

Jpmorgan Chase & Co.

Posted 2 weeks ago

VIEW JOBS 10/4/2019 12:00:00 AM 2020-01-02T00:00 Home Lending Client Care Specialist I Req #: 190091502 Location: Milwaukee, WI, US Job Category: Operations Job Description: Production Operations supports Mortgage Banking Originations by facilitating the transition of a loan to closure. Position Overview: The Client Care Specialist is responsible for guiding the customer throughout the loan process which may include requesting any additional documentation, following up on the conditions needed and answering any customer questions along the way. The Client Care Specialist is responsible for effectively communicating the terms and conditions of the loan approval which may include but is not limited to the loan program, terms, conditions and fees. Promote the mission to help our customers achieve their financial goals. Deepen relationships with existing customers, new customers, consumer direct members and internal partners while supporting a great customer experience addressing customer and employee escalations. Qualifications: * High School diploma or equivalent is required, bachelor's degree preferred * Excellent customer Service skills This position is subject to the Dodd Frank/Truth in Lending Act qualification requirements for Loan Originators. As such, an employment offer for this position is contingent on JPMC's review of your criminal conviction history, credit report, information available through NMLS, and any other information relevant to a determination by JPMC that you demonstrate financial responsibility, good character, and general fitness for the position. Note that any felony conviction within the last seven years will disqualify you from consideration for this position. Your continued employment in this position would be contingent upon compliance with Truth in Lending Act/Dodd Frank Loan Originator requirements. * In addition, this position requires National Mortgage Licensing System and Registry (NMLS) registration under the SAFE Act of 2008. As such, upon active employment with JPMorgan Chase, you will be required to either register on NMLS, or to update your information at JPMorgan Chase. Your continued employment in this position with JPMorgan Chase is contingent upon compliance with the SAFE Act, including successful registration immediately after your start date, and timely completion of annual renewal and required updates thereafter. Any information obtained during the registration, update, and renewal processes or through NMLS notifications may impact your employment with the firm. Any of the completed information you provide during the Chase on-line application process may be transferred, on your behalf, to NMLS by JPMorgan Chase. Please carefully review the information you provide to Chase for accuracy and consistency and with any current NMLS record, if applicable, before submitting. Further information about NMLS and registration requirements of registration can be found at: Jpmorgan Chase & Co. Milwaukee WI

SBA Lending Officer

Wintrust Financial