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Commercial Mortgage Processor

Supreme Staffing
Lakewood, NJ Full Time
POSTED ON 12/25/2024 CLOSED ON 1/13/2025

What are the responsibilities and job description for the Commercial Mortgage Processor position at Supreme Staffing?

A leading commercial mortgage company is seeking a Commercial Mortgage Processor to process and manage a pipeline of new commercial mortgage applications and prepare standard credit write-up and analysis for presentation to the credit committee/company for approval.

The ideal candidate must exhibit critical thinking and analytical skills to complete all underwriting and processing functions in accordance with preparing and evaluating various commercial loan requirements, company standards, and related legal/regulatory requirements.

Responsibilities:

  • High-level analysis of the initial property financials and data to determine the most appropriate loan fit for the transaction. Including market data research of cap-rates, rental income etc.
  • Create a professional loan presentation to be presented to the lender
  • Negotiating with lenders to secure the best loan for the client
  • Speaking with the client to understand their business plan, needs and wants of the transition
  • Understanding various loan types and structures such as Bridge, Mezz, Agency, Hard Money etc. proactively being involved and up-to-date with the latest trends and lenders appetite
  • Proactively communicate loan status with Clients throughout the purchase process; respond to questions in a timely manner and notify all parties when additional information is needed.

Qualifications:

  • 4 years of commercial mortgage lending and processing experience with in-depth knowledge of commercial credit financial analysis techniques
  • Possess strong analytic and loan underwriting skills to ensure the transaction adheres to mortgage lending regulations and appropriate credit policies
  • Strong comprehension of complicated income structures for the underwriting of loan applications including income from multiple sources (e.g. self-employment, rental or trust income, etc.)
  • In-depth knowledge of complex credit request structures credits policies, procedures, principles, and philosophy in the underwriting process
  • Excellent verbal & written communication skills and thorough knowledge of computer systems and software used to capture credit application

Location: Lakewood, NJ
Salary: $100K - $150K

Job Type: Full-time

Pay: $100,000.00 - $150,000.00 per year

Schedule:

  • 8 hour shift
  • Monday to Friday

Ability to Relocate:

  • Lakewood, NJ 08755: Relocate before starting work (Required)

Work Location: In person

Salary : $100,000 - $150,000

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