Mortgage Loan Funding Clerk jobs in New Jersey

First Equity is a national, private lending institution that specializes in loan programs for real estate investors. Our loan programs provide quick and easy financing solutions that allow investors to expand their real estate portfolio. We are changing the lending industry by offering borrowers an alternative to traditional lending options. As we expand our operations, we are seeking a Mortgage Loan Officer to join our dynamic team.

Position: Mortgage Loan Officer

Location: Sea Girt, NJ

Employment Type: Full-time

Benefits:

• Competitive compensation package with high earning potential and performance-based incentives.
• Full medical/dental benefits package
• Leads and prospects provided to help you build a robust pipeline.
• Opportunities for career growth and professional development.
• Collaborative and supportive work environment.
• Experienced processing and underwriting team that will get loans closed in a timely manner

If you are passionate about real estate finance and have a relentless drive to succeed, we want to hear from you. Join our team, and let's redefine lending together. We look forward to reviewing your application.

Please note that only shortlisted candidates will be contacted for an interview.

$150,000 - $250,000

• Evaluate loan applications by conducting thorough loan analysis, focusing on the Debt Service Coverage Ratio (DSCR) and fix-and-flip/bridge lending.
• Prospect for new real estate investor clients, attend conferences and real estate networking events
• Maintain client relationship management data base
• Assess the creditworthiness of borrowers and analyze their capacity to meet loan repayment obligations.
• Offer expert guidance and advice to borrowers regarding loan options, terms, and conditions.
• Work closely with borrowers, processing team and underwriters to compile necessary documentation and facilitate a seamless loan application process.
• Establish and nurture strong relationships with borrowers, real estate backers and industry professionals.
• Keep abreast of market trends, regulations, and changes in lending practices.

• Proven experience as a Loan Officer or sales experience in a similar role in the lending industry.
• Knowledge of debt service coverage ratio (DSCR), ground up construction and bridge lending is preferred.
• Familiarity with alternative lending practices and understanding of traditional lending principles.
• Excellent financial analytical skills to assess borrower qualifications and determine creditworthiness.
• Exceptional communication and interpersonal skills to build and maintain relationships with borrowers and industry professionals.
• Ability to thrive in a fast-paced environment and meet ambitious targets.
• Experience using loan origination software and other relevant loan analysis tools.

First Equity Funding is a private real estate lender offering Fix & Flip, DSCR/Rental, Multifamily/Mixed-use, and New Construction loan programs in 44 states throughout the US.

At First Equity, we pride ourselves on being more than just a real estate lender. We are investment partners who help analyze and identify investment opportunities, ensure fast approval and delivery of funds, and offer construction consultancy to help property rehabilitation run smoothly and efficiently.

Since our incorporation in 2009, we have helped grow the portfolios of thousands of real estate investors. Our commitment to client success and experience in lending, construction, and real estate investing uniquely positions us as one of the premier private lenders in the country.