The Private Bank

Senior Loan Officer

Chicago, IL

Loan Officer | Chicago, IL

We are actively seeking talented Senior Mortgage Bankers that have 10+ years’ experience with a proven track record.  Our mortgage platform is designed to deliver a wide spectrum of competitively priced mortgage products with exceptional operational support.  Our culture offers opportunities to the right candidate to sustain and grow their business.  Our National Mortgage Banking group was built on the belief that you want to be part of a company that understands YOU, YOUR CLIENTS AND YOUR REFERRAL PARTNERS. 

Our advantages include:

  • Local decisions-making, processing, underwriting, closing and funding.
  • In house appraisal panels 
  • Fannie/Freddie Direct 
  • Underwriting delegation with 25 national correspondent wholesale lenders 
  • Wide range of jumbo lending solutions including portfolio lending
  • FHA /VA /USDA, full Eagle delegation
  • National Lending in all 50 states
  • Competitive rates

Responsibilities

This position is a commission-based outside residential mortgage loan originator.  The candidate will be expected to produce residential 1st and 2nd mortgage loans, either for purchase, refinance or new construction, in compliance with Bank and/or investor guidelines.  They will take direction from the Market Sales Manager with regard to new business generation activities, and will interface internally with Bank staff and externally with Realtors, CPA’s and other professionals.

The LO’s role is to assist prospective clients in obtaining financing for residential real estate, using 1st and 2nd mortgage loans, either for purchase, refinance or new construction.  They must be able to execute on the following:

  • Understand secondary market underwriting and pricing guidelines, as well as Bank policy and procedure, and deliver profitable loans that meet these guidelines.
  • Develop loan production from external sources including CPAs, attorneys, and Realtors.
  • Originate salable loans by taking applications on our LOS system, collecting appropriate documentation, submitting the loan request to underwriting, and assisting in closing the transaction.

Our Bank delivers customized business and personal financial services to middle-market companies, as well as business owners, executives, entrepreneurs and families in all of the markets and communities we serve. We provide a comprehensive benefit package including paid vacation and holidays, 401(k) with employer match, insurance and EAP. We are an Equal Opportunity Employer, m/f/d/v.

Experience & Background

  • Superior communication, client service, and analytical skills.
  • Demonstrated relationship development skills, with a minimum of 10 years’ experience in the mortgage banking industry.
  • PC skills required both internet and loan originations systems. 
  • Must meet and comply with all requirements set forth in the SAFE Act, including, but not limited to successful completion of the required background checks and obtaining a Unique Identifier from the NMLS. 
The Private Bank

Joe Magnelli

Hiring Manager
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