Location
Sea Girt, NJ | United States
Job description
First Equity is a private lending institution specializing in loan programs for real estate investors. Our loan programs provide quick, easy financing solutions that allow investors to grow their real estate portfolio. We are revolutionizing the lending industry by providing borrowers with an alternative to traditional lending options. As we continue to expand our operations, we are seeking an experienced and driven Loan Officer to join our dynamic team.
Position: Loan Officer
Location: Sea Girt, NJ
Employment Type: Full-time
Benefits:
- Competitive compensation package with high earning potential and performance-based incentives.
- Leads and prospects provided to help you build a robust pipeline.
- Opportunities for career growth and professional development.
- Collaborative and supportive work environment.
Join our team and be part of a company that is reshaping the lending landscape. If you have a passion for real estate finance and a drive to succeed, we want to hear from you.
We look forward to reviewing your application.
Note: Only shortlisted candidates will be contacted for an interview.
Responsibilities:
- Evaluate loan applications and conduct thorough financial analysis, with a focus on Debt Service Coverage Ratio (DSCR) and Fix and Flip/bridge lending.
- Assess borrowers' creditworthiness and analyze their ability to meet loan repayment obligations.
- Provide expert guidance and advice to borrowers on loan options, terms, and conditions.
- Collaborate with borrowers to gather required documentation and ensure a smooth loan application process.
- Develop and maintain strong relationships with borrowers, real estate investors, and industry professionals.
- Stay up-to-date with market trends, regulations, and changes in lending practices.
- Maintain accurate and detailed loan files in compliance with company policies and regulatory requirements.
Qualifications:
- Proven experience as a Loan Officer or similar role in the lending industry.
- Strong knowledge of Debt Service Coverage Ratio (DSCR) and Fix and Flip lending preferred.
- Familiarity with alternative lending practices and understanding of traditional lending principles.
- Excellent analytical skills to assess borrowers' financial statements 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.
- Proficiency in using loan origination software and other relevant tools.
About Company:
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.
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