Loan Originator Assistant

Loan Originator Assistant Position in Arizona:

Loan Originator Assistant Position: 3 Years Bridge Loan Processing Experience in Residential Bridge Financing & Ground Up Construction. $48,000 base salary, plus bonus per closed loan file

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 Assistant will be responsible for assisting Senior Loan Originator to prepare excel loan writeups and to collect necessary documents from Borrowers to create complete files for credit committee and processing to close each loan for Merchants Mortgage & Trust’s various Bridge Loan programs. Candidates should have relevant experience in providing assistance to Loan Originators in documenting and helping oversee the closing process 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 fast-moving Fix and Flip loan space. Candidates should be highly organized as they will need to help Senior Loan Originator manage multi loan closing on a weekly basis.

Responsibilities

Help Loan Originator maintain their book of business and assist them on a daily basis so they don’t get bogged down with Administrative tasks needed to process the loan so they can concentrate on loan origination and sales.

Cultivate and maintain strong business relationships with borrowers

Obtain all required paperwork and financial information from perspective borrowers

Identify missing documents and collect said documents needed from borrower quickly in order to hit very short closing timelines

Ability to fill out Loan Writeup forms outlining the loan and borrowers specific transaction details for Credit committee and Loan processing to utilize to approve and close on loan transaction

Ability to communicate with Borrowers effectively and to convey urgency when needed on a regular basis regarding info needed in order to complete the loan file and move loan efficnetaly toward closing

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, Microsoft Word & Teams

Eligibility Requirements

Bachelor’s degree required

3 or more years of experience processing bridge loans

Excel, Word and basic computer skills

What We Offer

Competitive Salary

Medical, Dental and Vision Plans

Life Insurance, Short-Term & Long-Term Disability

401K with Company Match

Other

Must be authorized to work in US

Job Type: Full-time

Pay: From $48,000.00 per year

Benefits:

• 401(k)
• 401(k) matching
• Dental insurance
• Flexible spending account
• Health insurance
• Health savings account
• Life insurance
• Paid time off
• Vision insurance

Schedule:

• Monday to Friday

Supplemental pay types:

• Commission pay

Work Location: In person

Salary : $48,000 - $-1