What are the responsibilities and job description for the Loan Originator position at Selby Jennings?
Job Summary
A private real estate lending firm is seeking a Loan Originator working Remote, to support the growth and expansion of its lending business. This role focuses on generating new loan origination leads and expanding the company's presence in their given market. The Loan Originator will work closely with both prospective and existing borrowers to source new business and collaborate with leadership to structure loans. Additionally, they will coordinate with the underwriting team to oversee loan management, ensuring credit risks are appropriately monitored and assessed.
The ideal candidate will be eager to grow with the company as it continues to expand its platform. This position provides an opportunity to gain in-depth knowledge of real estate bridge lending and loan origination. A strong understanding of real estate and lending fundamentals is essential. The Loan Originator will play a key role in meeting borrowers' needs while delivering best-in-class service.
Primary Duties & Responsibilities
- Build and maintain relationships with potential borrowers, converting leads into funded loans.
- Conduct borrower meetings and property visits to assess potential loan opportunities.
- Gather initial documentation from borrowers to facilitate loan submission.
- Meet loan production goals and contribute to business growth.
- Provide exceptional customer service to both prospective and current borrowers.
- Stay informed on local real estate market trends and perform Comparative Market Analyses.
- Prepare investment memos for loan opportunities to present to the Investment Committee.
- Develop and manage a network of referral partners and educate them on the company's lending programs.
- Attend industry networking events to generate business opportunities.
Qualifications
To be successful in this role, candidates should demonstrate the following skills and experience:
- Education: Bachelor's degree from a four-year college or university.
- Experience: Relevant background in loan origination or real estate investment (Single Family, Multifamily, or Commercial).
- Credit Knowledge: Strong understanding of commercial real estate lending and risk assessment.
- Portfolio Management: Ability to proactively identify and address credit concerns.
- Communication Skills: Excellent presentation, verbal, and written communication abilities.
- Team Collaboration: Works effectively within a team environment.
- Technical Skills: Proficiency in Excel, Word, PowerPoint, and CRM platforms.
- Mindset: Self-starter with an entrepreneurial attitude and a positive, results-driven approach.
