Larry Thompson Email & Phone Number

Chicago, Il, Us

Chicago, Illinois, United States

South Holland, Illinois, United States

Assisting home buyers and sellers with successful property transactions. Advising clients on price, market, outlook, mortgages, and other information gained from meticulous research and analysis. Networking effectively with contractors, home inspectors, attorneys, and other stakeholders to ensure uncomplicated transactions. Promoting sellers' properties in a manner that will garner the most profitable offers by utilizing a variety of advertising media. Guiding buyers through the purchasing process to include determining their needs, showing them properties, and submitting offers to sellers.

Chicago, Illinois

Led the overall operations of the loan department to certify legal compliance, accuracies, and client satisfaction. Single point of contact with internal and external partners including applicants, bankers, attorneys, title companies, and third-party vendors. Worked closely with customers regarding financials and overdue loan payments. Updated the general ledger and assessed loan agreements to verify compliance with loan approvals. Streamlined the deal closing process through collaboration with the acquisition and debt placement teams. Ensured proper due diligence of the closing checklist and coordinated post-closing and funding processes for construction and non-construction transactions. Entrusted by executive leadership with the management of the closing pipeline and oversight of construction draws and disbursements.

Chicago, Il

Preserved high integrity throughout the processes of initiation, administration, and finalizing of Small Business Administration (SBA) loans by communication regularly with bankers, attorneys, applications, and third-party vendors including the SBA staff. Oversaw and approved all project expenses to include furniture, fixtures, and equipment (FF&E), working capital, inventory, soft and hard costs, contingency, and, construction monitoring fees. Established a Deal Team and conducted meetings with the BDO, closers, analysts, and credit officers to confer on projects.Reviewed and followed up on all loan documents and contracts to adhere to regulations of the SBA and lenders throughout the entire process. Trained the Disbursement Officer on post-construction disbursements and communicated to the customers and general contractors (GCs) regarding disbursement procedures.

Chicago, Il

Built and continued excellence in relationship with borrowers, lenders, and internal personnel to deliver top quality service. Supervised initiation through the close of SBA loan authorization, title commitments, UCC searches, all CIP, OFAC, and associated documentation. Coached and mentored two staff members to guarantee smooth operations and to meet key deadlines. Stayed in compliance with the SBA, 7(a), and USDA loans by monitoring documentation for disbursements.

Chicago, Il

Communicated closely with architects, general and sub-contractors, inspectors, owners, developers, title companies, and attorneys to ensure quality and compliance in construction projects. Assessed risk and made recommendations to bank credit officers in addition to approving disbursements for the senior credit officer. Finalized intricate construction loans ranging in cost from $1 million to $30 million. Consistently made certain that loans were in regulatory compliance and in balance.

Chicago, Il