Inver Grove Heights, Minnesota-based UFC, a commercial lending partnership formed last year by Minnesota’s credit unions, has added industry veteran Jim Hoopes as its chief lending officer.
In this new role, Hoopes will oversee both emerging and existing commercial lending strategies, as well as the risk management function for the lender.
With more than 38 years of experience in residential and commercial real estate finance, Hoopes brings a wealth of knowledge and expertise to UFC. Prior to joining UFC, he held a position with NorthMarq as a Senior Vice President – Senior Director, where he originated more than $4 billion in commercial mortgages representing all types of commercial and multi-family properties.
Hoopes has a proven track record of success in managing lending portfolios, developing new lending products, and improving operational efficiency.
He is currently the President of Minnesota NAIOP commercial real estate association.
As chief lending officer, Hoopes will be responsible for overseeing all lending activities, including developing and implementing lending strategies, setting lending policies, and ensuring compliance with all lending regulations.
