Multifamily Loan Originator

2 weeks ago


New Hyde Park, New York, United States Ridgewood Full time
Estimated Salary is $120,000-$150,000/Annually.

Key Responsibilities:
  • Engage in the solicitation of commercial real estate loan applications backed by multifamily, mixed-use, retail, and office properties to achieve annual commercial real estate loan origination goals.
  • Evaluate, negotiate, and structure new commercial real estate loan proposals for management and Board of Trustee consideration.
  • Conduct collateral assessments for all new loan requests.
  • Establish and nurture relationships with external business partners, including current and prospective borrowers, mortgage brokers, legal advisors, real estate agents, developers, and accountants.
  • Collaborate closely with Commercial Loan Underwriters and Processors to ensure the smooth progression of assigned loans from application to closing, addressing any challenges that may arise.
  • Support the Bank's portfolio management team to ensure adherence to the terms and conditions of Bank approvals and loan documentation as required.
  • Assist the Bank's mortgage servicing and portfolio management teams regarding delinquent loans, non-performing loans, and Real Estate Owned as necessary.
  • Provide guidance and support to departmental staff.
  • Stay updated on trends and developments in the real estate sector, as well as evolving regulations related to commercial real estate lending.
  • Perform additional related duties as assigned.
Qualifications:
  • A minimum of five (5) years of experience in commercial real estate loan origination is preferred, with underwriting experience being advantageous.
  • Proven ability to source, structure, and originate multifamily and non-multifamily real estate loans (including office, retail, industrial, etc.) within the relevant metropolitan area.
  • Experience in originating construction loans, C&I loans, Owner Occupied CRE, and SBA loans is a plus.
  • Demonstrated understanding of the local commercial real estate landscape and general underwriting practices and requirements.
  • A four-year undergraduate degree is preferred.
  • Exceptional mathematical and analytical capabilities.
  • Strong negotiation and sales skills.
  • A detail-oriented and goal-driven individual with excellent organizational skills and the ability to work independently.
  • Outstanding oral and written communication skills are essential.


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