Loan Originator - Seattle - Merchants Mortgage & Trust Corporation

    $150,000 - $250,000 (USD) per year Real Estate
    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 Seattle.

    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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