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Open nowPosted 16 days ago

Loan Originator

Workable (global search)108,016 open roles

Where
Seattle, WA, United States
Work mode
Remote
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Your applicationOpen nowLoan OriginatorWorkable (global search) · Seattle, WA, United States

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The clock on this job

Early applications get read.

7.9% of postings close within 7 days. Measured by our own scanner across the market. Workable (global search) postings stay open a median of 7 days.

Share of postings closed within
  1. 1.6%1 day
  2. 3.6%3 days
  3. 7.9%7 days
  4. 14.9%14 days
  5. 34.0%30 days
This job: posted 16 days ago

Workable (global search) median: 7 days open

The posting

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.

Compensation: 150k/ year to 250k/ year (base + commission)

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

Requirements

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
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