Loan Originator Position Available In [Unknown county], North Carolina
Tallo's Job Summary: The Loan Originator position at Merchants Mortgage & Trust Corporation offers a competitive salary of $150k to $250k per year (base + commission). The role involves sourcing, vetting, and closing relationships for various bridge loan programs. Ideal candidates should have experience in providing bridge financing, strong communication skills, and the ability to excel in a fast-paced, sales-oriented environment. This is a full-time remote position based in North Carolina.
Job Description
Loan Originator 4.5 4.5 out of 5 stars North Carolina • Remote 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
Charlotte, Raleigh or Durham 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