Franco Banares is a Regional Senior Vice President at The Federal Savings Bank and oversees Consumer Direct mortgage lending for three of TFSB’s loan production offices. Franco entered the residential mortgage business in 2003 and has been a top producing Loan Originator since 2006 at the bank. Franco’s focus is now developing high-producing consumer direct mortgage bankers, sales teams, and loan production offices. He is dedicated to coaching and leading his staff, both professionally and personally, to reach their full income potential. He directly leads a team of over 50 Bankers and sales support staff.
Franco comes from a business background having graduated from Northern Illinois University in 2002 with an emphasis in Operations Management and Information Systems. His career began with the prestigious financial advisory firm Waddell and Reed, Inc. as a licensed Financial Advisor. During his tenure, Franco heightened his financial expertise by successfully completing his NASD Series 7 securities licensing and insurance examinations. He enjoyed helping his clients understand and implement financial strategies such as retirement planning, tax-deferred education savings, and wealth accumulation to achieve long term goals.
After spending time in the financial planning arena working with various other business professionals, Franco discovered his true calling was in mortgage banking. He felt that by helping others realize the American dream through homeownership, every single client of his was in a better position to work towards becoming financially independent. Soon into his new mortgage banking venture, Franco quickly became one of the top consumer direct loan officers at his company and earned opportunities to become an assistant sales manager, then sales manager, and eventually Regional Senior Vice President of Consumer Direct mortgage lending over the course of his career.
Chicago’s Lincoln Park neighborhood is where Franco, his wife, and beautiful young daughter reside today. When he’s not working, you can find him and his family enjoying everything Chicago has to offer including sporting events, cultural festivals, neighborhood events, fine dining, and the countless museums and landmarks.
If you’re an established consumer direct banker who has outgrown your current company, Franco is here to take your business and career to the next level. We will invest in your success like no other lender will!
I started at the bank over 6 years ago in the junior banking program, and was promoted to mortgage banker in fall 2014. I started as a junior banker, learning the process in and out, and was originating 6 months later. We had two years under a different management structure before we joined Franco’s division early 2016. This shift to Franco’s team was a direct catalyst for my resultant and continued success at The Federal Savings Bank. Under Franco’s strong guidance, our region has swelled into a powerhouse compared to where it was four years ago. I am now a Vice President in the mortgage lending department and have no plans to leave because I am achieving goals I never thought possible. I would without hesitation state that current leadership is strong, supportive, forward-looking, all due to Franco’s continued efforts. I am very pleased to be on the team.
I’ve been in the mortgage industry for 18 years, and I finally found my forever home! The lead platform for Consumer Direct is second to none, and is the most unique platform I have ever experienced. In 2018 I made just over $70k, in 2019 I made just under $150k, and as of June 2020, I’m currently at $102k and counting! I feel blessed to work for this company, and I only see it getting better! If you want an opportunity to make some serious income, this is the place to do it!
My wife and I first used Franco to refinance our first home, and since then, we have used him for practically all of our home financing needs. Each time we’ve used Franco, he’s made the process quick and painless for us and has explained what we need to do every step of the way. We’ve also appreciated the constant updates and information that Franco has been able to provide, without the usual pressure or “”hard sell”” techniques that are so common in the mortgage lending industry. Most recently, Franco was able to obtain a new HELOC for us on our current home that lowered our interest rate almost 2% at absolutely no cost to us!
We’ve had nothing but positive experiences and great results since we started working with Franco, and we look forward to continue using him as the market and our personal home financing needs continue to change.
Franco was of great help in my first home buying experience. He helped get me the best available rate and loan while also spending the extra time to save me some money when he could. For example, at his suggestion, he forwarded my credit report to my homeowner’s association to save me the 100 dollar fee they were going to charge me to run one for me. He has also been prompt with any questions I have had after our transaction, which was over two and a half years ago. I would definitely recommend him to all my colleagues and friends and I do plan on having many more successful transactions with him in the future.
Franco helped me get my first mortgage, and even called me when the rates were low to help me refinance. He has great follow-up and will give you the best plan for YOU, not what will make him the most money like others. He was so great, i referred him to my aunt (who bought a condo with his help), my brother( who refinanced his current condo with his help), and my mom (who was able to pay off her current mortgage and get a better one at a lower rate). I plan to use Franco again in the future. I have no problem recommending him to anyone else either!
My sister and I used Franco as our mortgage banker when we bought our condo this year and he was extremely helpful and professional. He also went above and beyond by helping us find ways to save and receive tax breaks.
I wanted to write a follow-up recommendation for Franco because of the great help he’s been throughout the year. In addition to helping my sister and I with our first mortgage, he’s helped us again with our first refinance.
When interest rates were at their lowest, Franco took initiative to contact us. He not only advised us it would be a good time to refinance, but he also took the time to explain why it was a good time as well as answer any and all questions before we made a decision. We felt very comfortable working with him and received very honest and informed (as well as quick) answers to all of our questions.
In the end we went with the refinance and it saves us a bundle every month. We couldn’t be happier having Franco as our advisor because we know even if we’re not paying attention to what’s going on with interest rates and mortgage trends, we know he is and he’ll keep us informed. I will definitely keep working with him as well as keep recommending him (as I’ve done already) because it’s important to not only find someone with the know-how and talent, but also someone you can trust is in your corner and is working to help you, the client, first and foremost.
Franco was very helpful when my boyfriend and I were getting ready to purchasing our condo. We already had a lender, but we trust Franco and wanted his professional opinion regarding the paperwork. He took time out of his schedule to meet and review everything with us, and he advised us to take the deal. I truly value his professionalism and willingness to go above and beyond so you fully understand your mortgage.
Close friends have used Franco for their mortgages. I am looking to buy in the future and plan on using him. Currently, I know I can turn to him with any questions I have and get a straight and honest answer.
As the Director of Training & Development for a large finance company, I trained over 2,000 individuals. It was rare for someone to stand out solely on the merits of professionalism and intelligence. Franco, indeed, was one of these memorable individuals. My training program was designed specifically to “over challenge” trainees – because of the level of difficulty, it was not uncommon to lose 50% of a class overnight. Franco was the only trainee that I can remember that made it look easy. His dedication, determination and ability to conceptualize the material was unparalleled. It was no coincidence that he immediately became one of the top producers within the company. Not only would I hire Franco for my business, I would immediately clone him to fill my entire staff…