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
Requirements
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
Bachelor's degree required; 2+ years bridge loan origination experience with $3M monthly self-sourced pipeline; established book of business; Excel, Word, basic computer skills; authorized to work in US.
Key Responsibilities
- sourcing borrowers
- closing loans
- maintaining relationships
Skills & Tools
Microsoft Excel, Microsoft Word, LinkedIn, LinkedIn Navigator, Microsoft Teams
Job Details
- Category: Sales
- Seniority: Mid Level
- Commitment: Full Time
- Workplace: Remote — Provo or United States
- Salary: USD 150,000 – 250,000 / year
- Languages: English
Benefits
- 401k matching
- Retirement plan
About Merchants Mortgage & Trust Corporation
A private real estate lender specializing in short-term residential bridge loans, commercial loans, construction loans, and rental property loans. — Industry: Finance