Job Description
Location: Remote (must be located in a state other than AK, AZ, CA, HI, ND, NV, OR, SD, UT, WA; preference for TX and FL)
Salary:Monthly Fixed Salary plus commission
Position Overview:
Our client is seeking an experienced and motivated Private Money Loan Officer to join their growing team. This role offers a competitive fixed salary with commission potential, providing the opportunity for high earnings. The ideal candidate will have experience in construction and fix-and-flip loans, with a strong self-production background. As a Private Money Loan Officer, you will work with clients seeking private financing solutions, building relationships and helping them secure the funding they need.
- Key Responsibilities:
- Manage the loan process for construction and fix-and-flip projects, from initial contact to closing.
- Provide financing solutions to real estate investors and developers by underwriting private money loans for fix-and-flip, construction, and rehab projects.
- Develop and maintain relationships with clients to generate leads and business.
- Self-produce and generate your own leads while also working with some company-provided leads.
- Identify and analyze borrower needs, assess project viability, and recommend appropriate loan products.
- Work closely with underwriters, processors, and clients to ensure smooth loan origination and closing.
- Attend and participate in sponsored events and networking opportunities to bring in new business and further expand the client's customer base.
- Stay up-to-date with industry trends, market conditions, and the private lending landscape.
- Requirements:
- Minimum of 2 years of experience as a loan officer, specifically with construction and fix-and-flip loan products.
- Proven ability to self-produce leads and manage a pipeline of clients.
- Strong understanding of private money lending, fix-and-flip financing, and construction loans.
- Excellent communication and relationship-building skills, with the ability to work effectively with real estate investors, developers, and other stakeholders.
- Experience with underwriting, structuring, and closing private money loans.
- Ability to work independently and manage a remote workload efficiently.
- Bilingual (Spanish) is a plus
- Additional Information:
- The client sponsors events and networking opportunities to help you generate business and build a strong network.
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