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Business Development Manager - Chicago

LendingOne is a direct private lender for Real Estate professionals headquartered in Boca Raton, FL with an additional office in Charlotte, NC. LendingOne made the Inc. 500 list of the fastest-growing private companies in America in 2019. Along with being rated one of the Top Workplaces in 2024 - for the third consecutive year -  by Sun Sentinel!

 

We specialize in providing business-purpose mortgage loans for non-owner-occupied investment properties. We offer fix/flip bridge loans and long-term rental financing. Not a broker nor a bank, but a fully funded lending partner that can close consistently. LendingOne and its affiliates have extensive real estate experience and have provided over $5 Billion in real estate capital.

 

We are not your typical corporate environment. We focus on providing excellent client service, a professional approach, and true reliability.

 

At LendingOne, we view our people as the backbone of our success. We hire for character and ambition and believe in providing a platform to our employees that cultivates an environment of mutual trust, respect, and benefit.

Position Overview:

Business Development Managers (BDM's) build market position by locating, developing, defining, negotiating, and closing new business relationships. BDM's assist both LendingOne and potential borrowers in assessing the borrower's business ventures, analyzing the borrower's income potential, credit worthiness, and advising the borrower regarding the business decision of using LendingOne financial products. A successful candidate will have a strong understanding of real estate ventures and business operations, has a sense of urgency, initiative, and competitive drive to get things done and will possess a natural enthusiasm in working with and through people in the process. We are looking for talented and competitive professionals with consultative sales experience that thrive in a fast-paced environment. This person will maintain the skills necessary to engage professionally and successfully with new clients, building relationships and gaining repeat business.

Semi-frequent visits to our Headquarters office in Boca Raton, FL may be necessary.

Qualifications: 

The following list of qualifications and responsibilities is not all inclusive, as each employee is expected to be a team player and may be assigned other tasks as necessary. This is meant to serve as an overview of the position description: 

Required Skills: 

  • Minimum 2 years of experience in the real estate lending space (conventional/nonQM/mortgage insurance, etc.)
  • Minimum 2 years of professional real estate consultative sales experience with high net-worth clientele
  • Minimum 2 years of business to business sales experience
  • Experience building client relationships by phone

Preferred Skills: 

  • Minimum 5 years of professional real estate consultative sales experience with high net-worth clientele
  • Minimum 3 years in business to business sales
  • Experience in commercial and residential mortgage lending 
  • Excellent written and verbal communication, strong organizational skills, and time management. 
  • High attention to detail and critical thinking skills, with the ability to anticipate and address potential issues. 
  • Comfortability working in a fast paced, technology driven environment
  • A proactive and adaptable approach to problem-solving with a positive, team-oriented mindset, high-energy, and persistence

Responsibilities: 

  • Develop a growth strategy focused both on financial gain and customer satisfaction in assigned geographical territory
  • Promote LendingOne's products and services by addressing or predicting clients’ objectives
  • Arrange business meetings with prospective clients
  • Act as a consultant to borrowers/Clients, including educating borrowers on LendingOne products and services, collecting, and analyzing borrowers' assets and investments, and advising borrowers regarding the advantages and disadvantages of LendingOne financial products.
  • Guiding borrowers through the investment process, including counseling borrowers on how to become qualified to do business with LendingOne.
  • Cultivating meaningful relationships with LendingOne borrowers, offering excellent service, and securing repeat business.
  • Screening potential business deals in order to protect LendingOne's assets as well as the assets of LendingOne capital investors by analyzing market strategies, deal requirements/ potential, and financials; evaluating options; resolving internal priorities; recommending quality products and services to new and existing clients.
  • Developing long-term relationships with new customers by examining risks and potential in recommended deals, and by estimating customers' needs and goals.
  • Ensuring the timely and successful delivery of our solutions according to customers' needs and objectives.
  • Communicating clearly with internal and external stakeholders in reference to progress, timelines, and stipulations.
  • Ensuring proper collection of required documents and closing schedules.
  • Working closely and collaboratively with operations team during the closing process
  • Closing new business by contacting potential partners in a lead generated environment.

WE OFFER:

  • Competitive salary depending on experience 
  • Training and career development with growth opportunities
  • Comprehensive benefits package
  • Company matching 401(k) Plan
  • Casual work environment

LendingOne is an Equal Employment Opportunity employer. All qualified applicants will receive consideration for employment without regard to race, national origin, gender, age, religion, disability, sexual orientation, veteran status, or marital status.

Average salary estimate

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$80000K

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What You Should Know About Business Development Manager - Chicago, LendingOne

LendingOne is excited to invite applications for the position of Business Development Manager in Chicago! As a direct private lender specializing in business-purpose mortgage loans for real estate professionals, we take pride in being recognized as one of the fastest-growing private companies in America. In this role, you'll be at the forefront of building our market position, developing new business relationships, and assisting potential borrowers navigate their financing options. You’ll analyze borrowers' income potential, credit worthiness, and guide them in their decision-making process related to LendingOne products. We truly embrace a supportive and dynamic work culture, where your skills in consultative sales can shine. We are looking for someone with a solid understanding of real estate ventures who thrives on building meaningful relationships. If you’re competitive and driven, this position is perfect for you. You’ll enjoy the flexibility of mostly remote work, with occasional visits to our beautiful headquarters in Boca Raton, FL for team collaboration. Let’s work together to provide our clients with unrivaled service while also enhancing your own career growth with ongoing training opportunities. We're not just offering a job; we’re offering a chance to be part of a team that respects and values its members. Join us at LendingOne and help us shape the future of real estate lending!

Frequently Asked Questions (FAQs) for Business Development Manager - Chicago Role at LendingOne
What are the primary responsibilities of a Business Development Manager at LendingOne?

As a Business Development Manager at LendingOne, you'll primarily focus on building relationships and developing new business opportunities. Your responsibilities will include analyzing potential borrowers' profiles, promoting LendingOne's financial products, and providing consultative guidance throughout the investment process. You will also be tasked with screening potential business deals, ensuring you protect both LendingOne's and investors' assets.

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What qualifications are needed for the Business Development Manager position at LendingOne?

To qualify for the Business Development Manager position at LendingOne, candidates should have a minimum of 2 years' experience in the real estate lending space, along with professional sales experience in consultative roles targeting high-net-worth clients. While a bachelor’s degree can enhance your profile, real-world experience and strong relationship-building skills will significantly boost your chances.

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What career growth opportunities can a Business Development Manager expect at LendingOne?

At LendingOne, we prioritize continuous learning and career development for our Business Development Managers. You can expect access to training sessions, mentorship, and a clear pathway for advancement within the company. Given our rapid growth and recognition as a top workplace, there are numerous opportunities for promotions based on performance.

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How does LendingOne define success for a Business Development Manager?

Success for a Business Development Manager at LendingOne is defined by your ability to secure new business relationships, provide exceptional service to clients, and ultimately contribute to the company’s growth and revenue goals. Your proactive approach, competitive drive, and strong consultative skills will be pivotal in achieving this success.

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What kind of work environment can a Business Development Manager expect at LendingOne?

As a Business Development Manager at LendingOne, you can expect a casual yet professional work environment that encourages collaboration and mutual support. Our team thrives on creativity and innovation, and we believe that a friendly atmosphere fosters productivity and employee satisfaction.

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Common Interview Questions for Business Development Manager - Chicago
What strategies do you use to build relationships with new clients?

To build relationships with new clients, I focus on understanding their specific needs and goals first. I use active listening to engage with them on a personal level and ensure that I am addressing their concerns. Additionally, I employ follow-ups to maintain communication and trust, solidifying strong connections.

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How do you handle objections from clients in a sales process?

When encountering objections from clients, I believe it's crucial to remain calm and open. I listen carefully to understand their concerns and respond with relevant information and solutions that can alleviate their worries. This approach not only addresses the objection but can also reinforce trust in my expert knowledge.

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Can you give an example of a successful deal you closed in the past?

Certainly! One of my most successful deals involved conducting in-depth analysis and understanding the client’s long-term goals. I provided tailored recommendations based on their financial situation, which ultimately led to a successful agreement. This experience taught me the importance of thorough preparation and client-focused service.

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What motivates you in a sales position like the Business Development Manager at LendingOne?

I am driven by the challenge of closing deals and the satisfaction that comes from helping clients achieve their investment goals. Knowing that my efforts directly contribute to their success, along with the recognition from my team, keeps me motivated and engaged in my role.

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How do you prioritize tasks when managing multiple clients?

To prioritize tasks effectively, I use a combination of project management tools and time-blocking techniques. This allows me to categorize urgent tasks while ensuring each client gets the attention they deserve. I consistently review my progress and adjust priorities as needed, keeping my focus on client outcomes.

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What qualities do you think are essential for a successful Business Development Manager?

I believe critical qualities include strong communication skills, adaptability, a client-focused mindset, and the ability to think strategically. A successful Business Development Manager should also be resilient and able to build rapport with diverse clients to foster lasting business relationships.

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How do you stay informed about industry trends and market changes?

To stay informed about industry trends and market changes, I regularly read trade publications, participate in webinars, and network with industry peers. I also follow thought leaders on various platforms and engage in continuous learning, which helps me provide valuable insights to my clients.

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What is your approach to closing a business deal?

My approach to closing a business deal involves creating a sense of urgency and ensuring the client feels informed and comfortable with their decision. I summarize the key points, address any remaining doubts, and confidently present the next steps, working collaboratively to finalize the agreement.

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How do you assess a potential client's financial situation?

When assessing a potential client's financial situation, I conduct a comprehensive analysis of their assets, income potential, and existing liabilities. I engage in discussions to understand their financial history and future goals, which helps me tailor solutions that align with their needs.

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How do you handle a difficult client?

Handling a difficult client requires patience and active listening. I strive to understand their frustrations and remain calm while addressing their concerns. By providing solutions and demonstrating empathy, I aim to revert the situation into a positive experience for the client.

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LendingOne is the fastest-growing nationwide single family rental lender. Our mission is to make the overall process of applying and receiving loans for real estate investors quicker and more reliable. We are fortunate to have over 1,000 existing ...

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Full-time, hybrid
DATE POSTED
December 20, 2024

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