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Real Estate Loan Originator
2 months ago
We are seeking an experienced Commercial Loan Officer to join our team at New Silver, a fintech company dedicated to providing fast, convenient, and flexible capital to real estate investors. As a Loan Officer, you will play a pivotal role in our lending operations, contributing to the growth of our business by originating and closing commercial real estate loans.
Key Responsibilities- Originate and underwrite commercial real estate loans, specializing in construction and fix and flip lending with a targeted production of $5M in closed and funded loans per month.
- Conduct thorough analysis of loan applications, applicant credential and investment history, credit reports, and other relevant documents to assess creditworthiness and determine loan eligibility.
- Evaluate collateral properties to determine their market value, condition, and potential risks.
- Structure loan transactions, including loan terms, interest rates, fees, and repayment schedules, while adhering to company policies and risk guidelines.
- Collaborate with borrowers, real estate investors, brokers, and other stakeholders to gather necessary information, address inquiries, and provide guidance throughout the loan process.
- Maintain a high level of customer service by proactively communicating with borrowers, providing regular updates on loan progress, and addressing any concerns or issues.
- Manage a pipeline of loan applications, ensuring timely follow-up and adherence to closing timelines.
- Stay updated on industry trends, regulations, and market conditions related to commercial real estate lending, particularly in the hard money and private money space.
- Contribute to the continuous improvement of loan origination processes, systems, and strategies to enhance efficiency and productivity.
- Build and nurture relationships with potential borrowers, referral partners, and industry professionals to generate new business opportunities.
- Bachelor's degree in finance, business administration, or a related field (or equivalent work experience).
- Minimum of 3 years of experience as a Commercial Real Estate Loan Officer, with a specialization in commercial or construction lending.
- In-depth knowledge of commercial real estate lending principles, practices, and regulations.
- Proven track record of successfully originating and closing hard money and private money loans.
- Strong financial analysis and underwriting skills, with the ability to assess creditworthiness and collateral risks.
- Excellent communication and interpersonal skills to effectively collaborate with borrowers, partners, and internal teams.
- Ability to thrive in a fast-paced, remote work environment and adapt to changing priorities.
- Self-motivated and driven to meet and exceed lending targets while maintaining quality standards.
- Proficient in using loan origination systems, CRMs, and other relevant software.
- Relevant certifications or licenses in real estate lending (e.g., NMLS) is a plus.
- Work from home, flexible hours.
- Be a key member of a small team.
- Fast-paced startup environment, global team.
- 100% health, dental, and life insurance covered by employer.
- 401K match.