Join Our Team!

Great Lakes Commercial Finance (GLCF) currently has ONE position available. Please see the job description below.  If you are interested in applying, your resume can be sent to Julie Parker at Julie@glcf.org

GLCF is a Certified Development Company (CDC) that originates, closes, and services 504 Loans on behalf of the U.S. Small Business Administration (SBA). GLCF currently has a staff totaling twelve employees and is located in downtown Grandville.

Loan Officer – Southeast Michigan Market

Effective date: June 15, 2021

Status: Open

Currently, GLCF is hiring a full-time Loan Officer in the Southeast Michigan market. We are looking for someone with commercial lending experience that can step into a position that has a lot of momentum and opportunity for growth.  Do you like to work independently and as part of a small, positive, successful team?  Can you see yourself assisting small businesses in the Southeast Michigan market?  Do you see yourself as a business development officer?  GLCF is seeking an energetic, self-driven, detail-orientated individual to fill the role of Loan Officer focusing on a five-county region consisting of Macomb County, Oakland County, Wayne County, Washtenaw County, and Monroe County.

The Loan Officer’s responsibilities will be to develop, grow and maintain existing relationships within the market.  Responsibilities include, but are not limited to:

  • Market and promote the 504 Loan Program by developing and fostering relationships with commercial lenders, small businesses, and economic development professionals;
  • Meet with lenders, small business partners, and economic development professionals on new and existing projects;
  • Be available to field and answer any questions related to GLCF’s programs and be able to act as lead on potential projects;
  • Assist throughout the SBA loan application and closing process;
  • Work with a CRM system to track calls and leads;
  • Presenting GLCF’s loan programs to groups and/or organizations.

Requirements

The person in this position should have at least a bachelor’s degree in business, finance, accounting or a related field, at least three years of relevant lending experience, or three to six years of commercial lending experience.  Working knowledge of the SBA programs would be very beneficial.  Travel throughout designated counties is required for this position.  Other requirements and core competencies for this position include:

  • Integrity – Earns trust and maintains confidences and follows through on commitments;
  • Efficiency – able to produce significant output with minimal wasted effort;
  • Intelligence – learns quickly and demonstrates the ability to quickly and proficiently understand and absorb new information in an ever-changing regulatory environment;
  • Collaboration – reaches out to peers and cooperates with a team to establish an overall collaborative working relationship;
  • Must be self-directed and results-oriented;
  • Excellent written and oral communications skills;
  • Detail-oriented and extremely organized.

Salary and Benefits:

  • Base salary plus commissions based on loan volume;
  • Benefits include Medical Insurance, Dental Insurance, Health Savings Account, Expense Reimbursement, 401k, Vacation, and Holiday pay.

Commercial Loan Closing Specialist

Position Status:  Closed

The Commercial Loan Closing Specialist will work closely with the Director of Closing Operations and is responsible for the coordination of commercial loan documentation in preparation for the SBA 504 loan closing. The Commercial Loan Closing Specialist must be able to work independently and prioritize, as there are often multiple loans that are being worked on at one time.  Duties include, but are not limited to the following:

  • Work with the Director of Closing Operations and Loan Officers to understand the project;
  • Assist in managing loan closing pipeline and reporting;
  • Communicate with the lender and borrower regarding closing checklist items;
  • Collect and review documents and organize file prior to closing;
  • Work with Title Company or City/Township to problem solve, if necessary;
  • Perform pre-closing documentation reviews to ensure accuracy of all due diligence items;
  • Organizing documents for attorney review;
  • Coordinate and attend loan closings;
  • Complete follow-up on post-closing items and help prepare final closing books;
  • All necessary work to onboard loans into the system once the loan has funded;
  • Perform pre-closing documentation reviews to ensure accuracy;
  • Special projects as they arise.

Key Skills:

  • Bachelor’s Degree preferred;
  • Previous bank experience preferred, but not required;
  • Strong written and verbal communication skills;
  • Sense of discretion and willingness to maintain strict confidentiality of pertinent and sensitive information;
  • Excellent time management skills;
  • Excellent attention to detail skills;
  • Strong organizational ability;
  • Ability to consistently meet deadlines.

 Salary and Benefits:

  • Salary commensurate with experience/qualifications;
  • Benefits include Medical Insurance, Dental Insurance, Health Savings Account, Expense Reimbursement, 401k, Vacation, Sick, and Holiday pay.

 

Underwriter

Position Status:  Closed

The Underwriter will work closely under GLCF’s VP of Loan Operations and Loan Officers to package and underwrite projects to the U.S. Small Business Administration (SBA) for approval.  The underwriter must be able to work independently and prioritize, as there are often multiple loans that are being worked on at one time.  Duties include, but are not limited to the following:

  • Work with Loan Officers to determine initial eligibility, credit, loan structure, and checklists;
  • Collect and review documents, and organize file prior to underwriting;
  • Complete the credit memo for loan committee submission by conducting thorough credit analysis, including making a recommendation;
  • Be a very detailed writer and be able to research companies to provide necessary information;
  • Determine the initial credit rating based on GLCF’s internal rating policy;
  • Assist GLCF’s Loan Officers in presenting to loan committees, if needed;
  • Upon loan committee approval, assist Loan Officers in working to collect all needed documentation for the SBA application;
  • Enter key credit, narrative, and project information into loan software to prepare the SBA Credit Memo;
  • Prepare a loan authorization document for each application;
  • Submit the complete application package to the SBA via the loan software;
  • Coordinate follow-up on any questions from the SBA;
  • Review the final authorization from the SBA for completeness;
  • Review appraisals and submit to SBA with a recommendation;
  • Review environmental work and submit to SBA with a recommendation.

Key Skills:

  • Bachelor’s Degree preferred;
  • Previous Bank Experience Preferred, but not required;
  • Able to research and evaluate data to make an informed decision and solve problems;
  • Strong mathematical and analytical skills;
  • Sense of discretion and willingness to maintain strict confidentiality of pertinent and sensitive information;
  • Strong written and verbal communication skills;
  • Excellent time management skills;
  • Excellent attention to detail skills;
  • Strong organizational ability;
  • Ability to consistently meet deadlines.

 Salary and Benefits:

  • Salary commensurate with experience/qualifications;
  • Benefits include Medical Insurance, Dental Insurance, Health Savings Account, Expense Reimbursement, 401k, Vacation, Sick, and Holiday pay.