What are the responsibilities and job description for the Private Mortgage Lending Specialist position at Ameristar Financial Corporation?
Company Profile
Ameristar Financial Corporation is a direct lender for residential and multifamily real estate investors. We specialize in debt financing with products such as fix and flip mortgages, bridge loans, value-add loans, new construction loans, and permanent portfolio loans for our borrowers. We are looking to grow from a local and regional lender to a national private lender. With the launch of a Mortgage Investment Fund, we have capital and the backing of institutional investments such that we can significantly increase our originations over the next 12 months.
Ameristar is an entrepreneurial company, and this position will have a significant impact on the future of the business as we grow and expand our operations. This position includes a base salary and generous commission compensation and other benefits.
Job Summary
We are seeking a detail-oriented and motivated Loan Specialist to join our financial services team. The ideal candidate will be responsible for developing relationships with real estate investors, real estate professionals, mortgage brokers, buildings, contractors, self-employed, apartment owners and assisting these clients through the loan application process and providing exceptional customer service. This role requires a passionate and motivated individual with a sales background that can follow-up on Company provided leads, telephone calls, attend various trade meetings and real estate investor group meetings.
Responsibilities
- Build monthly origination volume in fix and flip, ground up construction, single to multi-family rentals and short-term bridge financing
- Review and assess loan applications to determine eligibility based on company policies and regulations.
- Gather necessary documentation from clients, including application, bank statements, rental leases, credit reports, and other relevant financial information.
- Process loans efficiently while adhering to Company guidelines and other regulatory requirements.
- Communicate with clients throughout the loan process to provide updates and address any questions or concerns.
- Collaborate with Underwriter and other team members to ensure a smooth loan origination process.
- Maintain accurate records of all transactions and client interactions in financial software systems.
- Utilize basic math skills for calculations related to loan amounts, interest rates, and payment schedules.
- Attend industry events and conferences, employing strategic pre-planning, onsite meetings, and post-event outreach to identify and convert leads
- Develop and maintain a comprehensive client database within the CRM system, ensuring effective utilization of contact management tools and customer relationship management practices.
Qualifications
- Current or past experience in mortgage, insurance or real estate sales
- Proven experience in mortgage lending sales or hard money loan sales or origination is preferred.
- Strong understanding of financial services and related regulations.
- Excellent mathematical skills with the ability to perform calculations accurately.
- Excellent interpersonal, communication and presentation.
- Proficiency in financial software applications is desirable.
- Strong attention to detail and organizational skills to manage multiple tasks effectively.
- Ability to communicate clearly and professionally with clients and team members.
- Previous experience as a Loan Officer is a plus but not required.
- Proficient in Microsoft Word, Excel, Outlook and Powerpoint important.
If you are passionate about helping clients achieve their financial goals through effective loan solutions, we encourage you to apply for this exciting opportunity as a Loan Specialist.
Job Type: Full-time
Pay: $60,000.00 - $150,000.00 per year
Benefits:
- 401(k) matching
- Health insurance
- Paid time off
Schedule:
- 8 hour shift
Experience:
- Outside sales: 1 year (Required)
Ability to Commute:
- Ballston Spa, NY 12020 (Required)
Ability to Relocate:
- Ballston Spa, NY 12020: Relocate before starting work (Required)
Work Location: In person
Salary : $60,000 - $150,000