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44 Oak Capital
Hoboken, NJ | Part Time | Contractor | Full Time
$64k-85k (estimate)
1 Month Ago
Loan Originator
44 Oak Capital Hoboken, NJ
$64k-85k (estimate)
Part Time | Contractor | Full Time 1 Month Ago
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44 Oak Capital is Hiring a Loan Originator Near Hoboken, NJ

Job Summary:
We are seeking an experienced and motivated Loan Originator to join our team. As the Loan Originator, you will be responsible for overseeing the loan origination process (commercial real estate loans, bridge loans, hard money loans, business loans), ensuring compliance with regulations, and managing a deal and broker pipeline.

Duties:
- Oversee the loan origination process from application to closing, ensuring efficiency and accuracy
- Develop and implement strategies to increase loan production and meet sales targets
- Review loan applications and conduct credit analysis to determine eligibility and risk assessment
- Collaborate with brokers and borrowers to streamline processes and improve customer experience
- Stay updated on industry trends, market conditions, and changes in lending practices

Qualifications:
- Bachelor's degree in finance or related field is preferred but not required.
- Proven experience in real estate and business loan origination (MCA, factoring, small balance business loans, etc.) or related financial services role strongly preferred.
- Strong knowledge of mortgage servicing, credit analysis, and lending practices
- Excellent leadership skills with the ability to motivate and develop a team
- Exceptional attention to detail and strong analytical skills

We offer competitive compensation packages with commission pay and bonus. Benefits are available for highly producing originators after 6 months.

Job Types: Full-time, Part-time, Contract

Pay: $50,819.82 - $81,202.37 per year

Expected hours: 15 – 40 per week

Benefits:

  • Dental insurance
  • Health insurance
  • Paid time off

Compensation package:

  • Bonus opportunities
  • Commission pay
  • Profit sharing

Payment frequency:

  • 1099 contract

Schedule:

  • 4 hour shift
  • 8 hour shift

Work setting:

  • Hybrid work
  • Office

Experience:

  • Fair Housing regulations: 1 year (Preferred)
  • Loan origination: 1 year (Preferred)
  • Sales: 1 year (Preferred)

Ability to Commute:

  • Hoboken, NJ 07030 (Required)

Ability to Relocate:

  • Hoboken, NJ 07030: Relocate before starting work (Required)

Work Location: Hybrid remote in Hoboken, NJ 07030

Job Summary

JOB TYPE

Part Time | Contractor | Full Time

SALARY

$64k-85k (estimate)

POST DATE

05/10/2024

EXPIRATION DATE

06/11/2024

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The following is the career advancement route for Loan Originator positions, which can be used as a reference in future career path planning. As a Loan Originator, it can be promoted into senior positions as a Loan Processor II that are expected to handle more key tasks, people in this role will get a higher salary paid than an ordinary Loan Originator. You can explore the career advancement for a Loan Originator below and select your interested title to get hiring information.