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Mortgage Loan Officer Salary in Illinois, USA

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Wintrust Financial Corporation, Chicago
Wintrust is a financial holding company with approximately $50 billion assets under management and traded on the NASDAQ:WTFC. Built on the "HAVE IT ALL" model, Wintrust offers sophisticated technology and resources of a large bank while focusing on providing service-based community banking to each and every customer. Wintrust operates fifteen community bank subsidiaries with over 170 banking locations in the greater Chicago and southern Wisconsin market areas. Additionally, Wintrust operates various non-bank business units including commercial and life insurance premium financing, short-term accounts receivable financing, out-sourced administrative services, mortgage origination and purchase, wealth management services and qualified intermediary services for tax-deferred exchanges.Why Join Us?An award-winning culture! We are rated a Top Workplace by the Chicago Tribune (past 9 years) and Employee Recommended award by the Globe & Mail (past 6 years)Competitive pay and discretionary or incentive bonus eligibleComprehensive benefit package including medical, dental, vision, life, a 401k plan with a generous company match and tuition reimbursement to name a fewFamily-friendly work hoursWith 175+ community bank locations, we offer opportunities to grow and develop in your careerPromote from within cultureVP, Commercial LendingAt Wintrust, we know the importance of relationships. Our clients are number one, which is why we want to make sure our people are the best and the brightest.  Our employees are part of what make us who we are.  Many of them have been with us since the opening of our first bank in 1991, and share a common passion for serving and supporting the communities we’re part of. As we continue to grow our family, and the areas we serve, we want to know that we are expanding to include diverse, talented, well-rounded and passionate people who will continue to form and solidify the relationships our company prides itself on.Wintrust Commercial Banking is looking for a dynamic Middle Market Commercial Lender to join our team.  The right individual will have a proven track record in lending with 7+ years of experience working with Companies in Revenue $20 million – 300 million.  This is an officer level position which requires proficiency in all areas of commercial banking, superior credit skills, and customer service and negotiations skills as well as significant bank product knowledge.What you will be doing:Manage existing commercial loan customer base and develop new business from referral sources and through cold calling efforts.Increase the Bank’s profitability by cultivating new commercial business relationships.Maintain and develop existing portfolio by assessing and meeting client’s business and personal needs.Strong ability with work with internal credit partners to accurately represent opportunities, and ultimately negotiate proper loan structures and effectively cross-sell products.Maintain properly documented files and manage renewals and collection efforts on past dues  and defaulted loans.Maintains comprehensive understanding of current on commercial products offered in the market and keeps informed of all relevant industry trends and practices.Qualifications:Bachelor’s Degree or Equivalent in Finance, Economics or related quantitative field. 7-10 years experience in Commercial Banking and 3-5 years managing a portfolio of clients.Comprehensive knowledge of federal and state regulations covering commercial banking activities. Strong analytical ability with effective written and verbal communication skills.High ethical standards and personal integrity.Total RewardsAt Wintrust, we provide an opportunity to work in an entrepreneurial environment where we expect our employees to run with the ball and accomplish the company’s objectives without a lot of bureaucracy.  We are also dedicated to investing in our employee’s future to maintain long-term relationships for lasting commitments. One of the ways we do this is to offer a competitive compensation and comprehensive benefits programs. To learn more about Wintrust and its subsidiaries, visit us at www.wintrust.com.  We think you’ll like what you see.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.
Counsel, Compensation
Guaranteed Rate, Chicago
About Guaranteed Rate Companies:As a titan in mortgage lending and digital financial solutions, Guaranteed Rate Companies proudly operates with more than 6,400 employees stationed across over 800 branches nationwide, including Washington, D.C. Founded in the year 2000, we've assisted more than 1 million homeowners with their home purchase loans and refinances. In 2022 alone, we managed a total loan volume exceeding $33 billion. But we're more than just numbers; we're about innovation, offering competitive rates, and delivering customer service that's second to none. Our accolades include Inside Mortgage Finance's Second Largest Retail Originator for 2023, Chicago Agent's Lender of the Year for the 7th consecutive year, Scotsman's Guide 2022 ranking for having more top originators than any other lenders, NerdWallet's Best Lenders for Low and No-Down-Payment Mortgages of 2022, and Forbes' Best Online Lender for First-Time Homebuyers in 2022. For more information, visit rate.com.What's the Role?Counsel, Compensation - Guaranteed Rate is building a winning team to reinvent the mortgage experience through innovation, technology and a relentless focus on providing industry-leading mortgage products and superlative customer service. The Counsel, Compensation will embrace these efforts by supporting the Guaranteed Rate legal, licensing and compliance teams on contract, compensation, regulatory and employment matters and other special projects. The ideal candidate will be eager to learn, able to work independently, solve problems creatively, prioritize relentlessly, exercise business judgment soundly, and operate with a sense of urgency to get things done. Job Responsibilities:Compensation and employment related tasks including drafting, amending and managing employment agreements, compensation plans and related addenda for sales-related employees of Guaranteed Rate and its affiliated companies (i.e. mortgage loan officers and related support personnel.)Advise the business on various contact, compensation and regulatory issues and matters.Draft and manage compensation plan templates.Act as a liaison between the legal department and business operations, finance, human resources, compliance, and licensing for Guaranteed Rate with respect to compensation matters.Manage key projects to address legal and compliance needs.Assist the legal department with overflow work as necessary.Experience/Qualifications/Skills:5+ years of experience reviewing and drafting contracts and employment agreements.Experience with employment matters, commission-based employment agreements and/or regulatory issues preferred.Familiarity with the mortgage industry and the Loan Officer Compensation Rule, 12 CFR § 1026.36(d)-(e) is highly desired.Ability to complete projects under tight timelines.Willingness to learn the business and build strong relationships with internal stakeholders.Detail-oriented with excellent organizational skills.Self-motivated with strong work ethic.Clear, concise and persuasive oral and written communication skills.Solid business acumen with ability to work collaboratively and cross functionally.Proven track record of multi-tasking and working under a heavy workload with changing priorities.Strong analytical and problem-solving skills.Resilient with a sense of humor.Minimum Requirements:J.D. degree from an ABA-approved law school.Licensed to practice law in Illinois.Skilled at Adobe Acrobat and Microsoft Outlook, Word, Excel and Power Point.Graduated from an accredited Law School with a Juris Doctor degree.Admitted to the Illinois Bar (or admission to a state bar of any jurisdiction in the United States and admitted to the Illinois Bar within a reasonable time following the commencement of the position).Local candidates only.Guaranteed Rate, Inc. is an Equal Opportunity Employer that welcome and encourages all applicants to apply regardless of age, sex, religion, color, national origin, disability, veteran status, sexual orientation, gender identity and/or expression, marital or parental status, ancestry, citizenship status, pregnancy or other reason, as protected by law.