Chicago Bancorp Adds 12 Experienced Mortgage Bankers to Its Ranks

Posted by: admin | Date: Mar 2, 2009 at 7:16 PM

CHICAGO, IL, March 2 2009 - Chicago Bancorp announced the hiring of 12 former employees of Residential Loan Centers of America, a Des Plaines-based mortgage lender that ceased operations this month.

According to Stephen Calk, chairman and CEO of Chicago Bancorp, the mortgage bankers, who have an average of 10 years of experience, will be an ideal fit for their new employer, which has emerged as one of the Midwest’s largest privately held mortgage banks.

“As part of our ongoing strategy to expand market share we are thrilled to be able to add such high-caliber talent to our ranks,” Calk explains. “For healthy mortgage banks, such as ours, the current economic downturn represents a once-in-a-lifetime expansion opportunity, and we are pleased to be able to add these displaced, but highly skilled, bankers to our team.”

When RLCA ceased all operations, about 200 people found themselves out of work. Prior to the closing, Calk said, Chicago Bancorp had tried to initiate acquisition conversations with the company, but those talks never happened.

The new hires are led by Sales Managers Bryan Hanson and Robert Bucaro, both long time residents of Chicago’s western suburbs. “Our primary concern is taking care of the customers that were left in a lurch by the sudden close of our previous employer.”  We are thrilled with the immediate attention that the team at Chicago Bancorp has given our customers and committed to ensure the smooth closing of their loans with this great company.”

ABOUT CHICAGO BANCORP
Chicago Bancorp is one of the nations largest independent retail mortgage bankers.  The company operates throughout the United States.  As a mortgage bank, it controls the entire loan process - origination, processing, underwriting, closing and funding.  Its centralized loan operation is the industry’s benchmark for efficient service.  Its team of professional mortgage bankers and operations specialists is committed to closing loans by the requested date, with ten-day closings customary.  The men and women at Chicago Bancorp understand the concerns inherent to the loan process and are dedicated to simplifying that process so the borrower’s experience is uncomplicated and worry-free.

Category: News