Mortgage Warehouse Lending Specialist (Finance)
Wintrust is a financial holding company with approximately $62 billion in assets whose common stock is traded on the NASDAQ Global Select Market. Guided by its “Different Approach, Better Results” philosophy, Wintrust offers the sophisticated resources of a large bank while providing a community banking experience to each customer. Wintrust operates more than 200 retail banking locations through 16 community bank subsidiaries in the greater Chicago, southern Wisconsin, west Michigan, northwest Indiana, and southwest Florida market areas. In addition, Wintrust operates various non-bank business units, providing residential mortgage origination, wealth management, commercial and life insurance premium financing, short-term accounts receivable financing/outsourced administrative services to the temporary staffing services industry, and qualified intermediary services for tax-deferred exchanges. Our unique business model is a competitive strength and value driver, powered by our talented colleagues who put our customers first and achieve better results for our clients.
Why join us?
An award-winning culture! We are rated a Top Workplace by the Chicago Tribune (past 11 years) and Employee Recommended award by the Globe & Mail (past 6 years)
Competitive pay and annual discretionary bonus eligible
Comprehensive benefit package including medical, dental, vision, life, a 401k plan with a generous company match and tuition reimbursement to name a few
Family-friendly work hours
Promote from within culture
The Mortgage Warehouse team is growing, and we are seeking a Lending Specialist to provide excellent customer care to our clients. As a Lending Specialist, you will fulfill transactions related to processing outgoing and incoming wires and collateral tracking. This client-facing role requires effective written communication, attention to detail, accuracy, and a sense of urgency to be successful.
What You'll Do
Monitor the incoming wire queue and process outgoing wire requests within the established SLA per the client's approved product parameters described in the Credit Approval
Evaluate required documents, approve initial and subsequent draw requests, and sweep funds to the client's operating account; monitor reports to ensure the client does not exceed the construction sub-limit
Apply incoming wires, research unidentified incoming wires, and calculate the daily amount for sweeps to the clients operating account
Collateral management including intake and entry of incoming Notes into the system, inventory, process request to ship the Notes; weekly reporting and status update for wet Notes
Post the net of incoming and outgoing wires in the system at the end of each business day and allocate the balances to participating banks in the Bank's system of record and business application
Generate monthly invoices, bill clients, and sweep payments from clients' accounts; produce a monthly Board Reporting package shared with the Bank's Board of Directors
Qualifications
Minimum 5 years' banking experience with strong knowledge of account opening, commercial loan servicing a plus
Exceptional customer service skills
Strong verbal and written communication skills
High level of organization and time-management with keen attention to detail and the ability to respond quickly to changes in priorities and tasks
Proficient in MS Office including Excel and Word; familiarity with FIS, Salesforce, and/or ACBS a plus
Knowledge and understanding of various loan documents, banking processing standards, best practices, and audit control procedures
Benefits
Medical Insurance • Dental • Vision • Life insurance • Accidental death and dismemberment • Short-term and long-term Disability Insurance • Parental Leave • Employee Assistance Program (EAP) • Traditional and Roth 401(k) with company match • Flexible Spending Account (FSA) • Employee Stock Purchase Plan at 5% discount • Critical Illness Insurance • Accident Insurance • Transportation and Commuting Benefits • Banking Benefits • Pet Insurance
Compensation
The estimated salary range for this role is $50,000-$70,000, along with eligibility to earn an annual bonus. Actual salaries may vary based on several factors, such as a candidate's qualifications, skills and experience.
#LI-AC1
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.
