VP Mortgage Lending - Construction Lead

Old Second National Bank•Downers Grove, IL

2d•Hybrid

About The Position

This position is primarily responsible for producing residential construction loans and general residential loans. The role receives and manages the origination process for referred and self-originated construction loans, including end loans. It proactively develops and maintains a network of realtors and other business sources through outside sales efforts, spending at least 50% of work time on those efforts, and visits assigned bank branches at least once a week. The position is considered hybrid; with management approval, the incumbent may work a combination of remote and onsite work, with actual scheduling subject to business needs. A minimum of four onsite workdays per week is also specified. The role manages loan pipelines from origination through closing, serves as a construction lending subject matter expert, and works with internal partners and external referral sources to originate and close loans. The incumbent must obtain and maintain NMLS registration and, after hire, meet Residential Lending Minimum Production Standards. Compensation includes a $55,000 base pay and eligibility for a monthly construction lending incentive plan with potential to earn 50 basis points on closed loan volume.

Requirements

High school diploma or equivalent and at least three years of residential and/or consumer lending experience or retail banking experience, or an equivalent combination of education and experience.
Prior construction lending experience.
Must obtain and maintain NMLS registration.
Must meet Residential Lending Minimum Production Standards after hire.
Demonstrated sales ability and experience marketing to the real estate community.
Experience originating conventional and government single-family and multifamily (1–4 unit) residential loans.
Knowledge of government regulations and secondary market standards.
Self-motivation, high energy, and excellent organizational and follow-up skills.
Thorough knowledge of lending regulations and conventional and/or government loan regulations and compliance.
Professional appearance and demeanor.
Ability to maintain and demonstrate a team relationship with all employees.
Ability to set appropriate customer expectations based on market conditions and collect upfront documentation as needed.
Availability to work onsite at least four days per week.

Responsibilities

Originate and manage self-originated and referred residential construction loans, including end loans.
Manage the loan pipeline through successful completion of origination and closing, working with internal operations partners as needed.
Serve as the construction lending subject matter expert to business partners and colleagues.
Maintain knowledge of construction loan processes, regulations, and best practices.
Source and originate new mortgage loans through outside sales activities.
Conduct loan sales and related solicitation activities outside Old Second locations.
Establish referral relationships with real estate brokers and other external sources to generate loan volume.
Conduct preliminary reviews of completed loan applications and submit them to processing and underwriting for approval.
Maintain customer satisfaction through knowledge of lending programs and consistent communication with parties involved in the loan process.
Participate in appropriate community and business groups and attend functions in the assigned area to develop and maintain business relationships.
Work with assigned branches to obtain and close internal referrals.
Coordinate biweekly morning training huddles with bank branches.
Use SalesForce to update internal referral partners on the progress of referred customers.
Visit all assigned bank branches at least once a week.