Commercial Loan Specialist

6 days ago


Chicago, Illinois, United States Wintrust Financial Full time

Job Summary:

The Commercial Loan Specialist plays a critical role in facilitating the loan closing process for Middle Market Commercial Lending and Commercial Real Estate (CRE) lines of business. As a liaison between lenders, external legal counsel, title insurance representatives, and loan operations, this position ensures seamless communication and coordination throughout the loan documentation process.

Key Responsibilities:

  • Obtain and review supporting documents, including title work, flood and OFAC searches, insurance, organizational documents, and real estate collateral documentation, to verify compliance with loan approval and bank closing procedures.
  • Review credit approval memoranda and attorney-prepared loan documents for new and renewed loans to ensure adherence to loan approval guidelines.
  • Manage the loan closing pipeline, communicating timelines with internal loan operations, lenders, title companies, and attorneys throughout the loan process.
  • Coordinate the application of loan deposits and disbursement of loan proceeds to ensure accurate funding and payment of costs and invoices at loan closing.

Requirements:

  • 3-5 years of relevant experience in CRE and C&I Middle Market loan closing.
  • Ability to articulate potential problems to senior management and/or legal counsel.
  • Loan system knowledge (ACBS, IBS/FIS) preferred.
  • Advanced computer skills and attention to detail.
  • Ability to prioritize tasks in a fast-paced environment.

About Wintrust Financial:

Wintrust Financial Corporation is a financial holding company with approximately $50 billion in assets under management. We operate 15 community bank subsidiaries with over 170 banking locations in the greater Chicago and southern Wisconsin market areas. Our company values diversity and is an Equal Opportunity Employer, committed to reflecting the diversity of the communities we serve.



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