Chad Witcher Email & Phone Number

Syracuse, Ut, Us

Salt Lake City, Utah, United States

Salt Lake City, Utah, United States

Managed a team of 25 employees (70+ max) consisting of Supervisors, Loan Officers, Underwriters, Business Development Officers, Loan Servicing personnel, and support staff in the National Real Estate Group, overseeing a $1.5B-$3B portfolio. Responsible for developing and implementing policies and procedures to ensure bank lending, credit risk appetite, loan servicing, portfolio management, portfolio performance/credit quality, and profitability objectives are met. During my first year, the department reversed 4 years of declining loan production; increasing loan volume by 10%. Additionally, grew loan production by 20%+ each year from 2019 through 2022 (excluding 2020 COVID year). Under my leadership, the department’s delinquency rate was reduced by 82% (to 21-year low), and classified assets were reduced by 83%. One of only 2 non-Credit Administration employees in the bank granted $3,000,000 approval authority.

Salt Lake City, Utah, United States

Managed a team of over 50 employees consisting of Supervisors, Loan Servicing Officers, Credit Analysts, Loan Specialists, and Loan Collectors in the National Real Estate Department overseeing a $3B+loan portfolio. Developed and implemented loan servicing policies and procedures resulting in a 40% reduction in classified assets and a 61% reduction in delinquencies while consistently maintaining "Satisfactory" or better audit/regulatory ratings. Granted $1,500,000 loan approval authority.

Salt Lake City, Utah, United States

Managed a team of 4 Loan Workout Officers and 1 Credit Analyst responsible for resolving problem loans. Structured and negotiated various loan modifications with borrowers, including troubled-debt restructures (TDRs), discounted payoffs, deeds in-lieu of foreclosures, etc. Developed and implemented policies and procedures, and trained staff on best practices, resulting in a 65% reduction in delinquent loans over a 3-year period.

Salt Lake City, Utah, United States

Underwrote SBA 504, SBA 7(a) Piggyback, and conventional real estate loans for various third-party wholesale referral sources. Worked with over 10 key clients (including several large national accounts), educating them on the advantages of the secondary market. In addition to direct loan originations, I was also responsible for reviewing loan documentation for loan purchase transactions (loan pool and single loan transactions). As a Loan Officer I generated over $350MM in loan production while consistently maintaining strong credit quality and loan profitability. Responsible for doubling the loan volume of a top five client bank over a 3-year period. Supervised credit analysts on commercial loan underwriting policies and procedures. Recognized as department's Top Loan Officer for credit quality and loan underwriting in 2008. Granted $750,000 loan approval authority.

Salt Lake City, Utah, United States

Assisted Commercial Loan Officers with underwriting SBA 504 SBA 7(a) Piggyback, and conventional real estate loans (C&I and CRE). Performed valuation analysis, environmental due diligence, cash flow analysis, credit risk analysis and mitigation, and assisted with client bank management.

Ogden, Utah, United States

Assisted the Vice President of Diversity in meeting the University's Diversity, Equity, and Inclusion objectives. Served on the University's Diversity Standing and Steering Committees. Planned and coordinated the annual diversity conference. Conducted monthly and annual budget forecasts, reconciliations, and audits.

Graduate Degree, Banking

Master Of Business Administration - Mba

Bachelor Of Science - Bs, Business Administration/Finance