Job Description
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.
Location : This is a remote role, but applicants must reside in / near Denver, Colorado
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-makingA collaborative approach to getting work doneTeam-player orientationCritical thinker regarding risk and quality of assets being originatedAbility to work in a high volume, fast-paced environment and successfully meet established deadlinesAbility to work independently and be self-motivated with measurable resultsProficient in : Microsoft Excel, LinkedIn & LinkedIn Navigator, TeamsEligibility Requirements
Bachelor’s degree required2 or more years of experience originating bridge loans and a minimum monthly self-sourced pipeline of $3mEstablished book of businessExcel, Word and basic computer skillsWhat We Offer
Competitive SalaryCompetitive rates and productsFull operations supportAll necessary equipment provided to work remote or in officeBenefits package including Medical, Dental and Vision Plans, Life Insurance, Short-Term & Long-Term Disability, 401K with Company MatchOther
Must be authorized to work in US