What are the responsibilities and job description for the Loan Originator position at Merchants Mortgage & Trust Corp?
LO Job Description, Plus salary
150k/ year to 250k/ year (base commission)
Company
Merchants Mortgage & Trust Corporation (“MMTC”) is a private real estate lender headquartered in Denver, Colorado. MMTC specializes in short term residential bridge loans for Fix & Flip investors, commercial loans, construction loans and rental property loans. MMTC was acquired by KKR, a leading global investment firm, in 2022.
Role Summary/Purpose
The Loan Originator will be responsible for sourcing, vetting, fostering, and closing relationships for Merchants Mortgage & Trust’s various Bridge Loan programs. Candidates should have relevant experience in providing builders with Bridge financing and should have relationships with loan borrowers active in the residential real estate Fix & Flip & Ground Up construction space. Candidates should be highly motivated, have strong communication skills and the ability to thrive in a competitive yet rewarding sales position.
Responsibilities
- Identify, develop, and close on prospective bridge loan borrowers
- Cultivate and maintain strong business relationships with borrowers
- Obtain all required paperwork and financial information from perspective borrowers
- Report business development and sales activity
- Meet with new and existing prospects
- Help develop and execute business plans with thorough market and competitor analysis
Other Responsibilities/Qualifications
- Excellent communication skills (written and verbal)
- High motivation and a proactive mindset to understand problems, offer solutions, build relationships and work through institutional decision-making
- A collaborative approach to getting work done
- Team-player orientation
- Critical thinker regarding risk and quality of assets being originated
- Ability to work in a high volume, fast-paced environment and successfully meet established deadlines
- Ability to work independently and be self-motivated with measurable results
- Proficient in: Microsoft Excel, LinkedIn & LinkedIn Navigator, Teams
Eligibility Requirements
- Bachelor’s degree required
- 2 or more years of experience originating bridge loans and a minimum monthly self-sourced pipeline of $3m
- Established book of business
- Excel, Word and basic computer skills
What We Offer
- Competitive Salary
- Competitive rates and products
- Full operations support
- All necessary equipment provided to work remote or in office
- Benefits package including Medical, Dental and Vision Plans, Life Insurance, Short-Term & Long-Term Disability, 401K with Company Match
Other
- Must be authorized to work in US
Location (s):
- This is a remote role, but applicants must reside in/near San Diego, CA
Job Type: Full-time
Pay: $150,000.00 - $250,000.00 per year
Benefits:
- 401(k) 4% Match
- Dental insurance
- Flexible spending account
- Health insurance
- Health savings account
- Life insurance
- Vision insurance
- Work from home
Compensation Package:
- Commission pay
Schedule:
- Monday to Friday
Work Location: Remote
Salary : $150,000 - $250,000
