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Loan Originator

Merchants Mortgage & Trust Corporation
Posted a month ago, valid for 17 days
Location

Seattle, WA 98164, US

Salary

$150,000 - $250,000 per year

Contract type

Full Time

Life Insurance

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Sonic Summary

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  • Merchants Mortgage & Trust Corporation (MMTC) is seeking a Loan Originator to manage relationships for their Bridge Loan programs, with a salary range of $150k to $250k per year, including base and commission.
  • Candidates must have a minimum of 2 years of experience in originating bridge loans and a self-sourced pipeline of at least $3 million per month.
  • The ideal applicant should possess strong communication skills, a proactive mindset, and the ability to thrive in a competitive sales environment.
  • Responsibilities include identifying and closing prospective borrowers, maintaining business relationships, and executing business plans based on market analysis.
  • MMTC offers a competitive salary, a comprehensive benefits package, and full operational support for both remote and in-office work.

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

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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