• Mortgage Lender

    Job Location US-IL-Palos Heights
    Posted Date 1 year ago(11/17/2017 5:57 PM)
    # of Openings
  • Overview

    PrivateBancorp, Inc. through its subsidiaries, 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. Please visit our web site to learn more about The PrivateBank and Trust Company and PrivateBancorp, Inc. listed on NASDAQ PVTB. The PrivateBank is an Equal Opportunity Employer M/F/Disability/Veteran


    This position is a commission-based outside 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, while making introductions of these sources and clients back to the appropriate Bank partner.
    • Partner with internal staff, including commercial and consumer bankers, to support the cross-sell objectives of each group and deliver high quality service to the Bank’s clients and prospects.
    • 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.


    5+ years of Mortgage banking sales experience

    Microsoft Office Software

    Loan Origination Software


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