What are the responsibilities and job description for the Loan Officer position at RCN Capital?
RCN Capital is a national, direct, private lender with an office located in Los Angeles, CA. We are seeking a Loan Officer in the Los Angeles, CA area who will be responsible for identifying new, viable leads for asset-based real estate loans. The Loan Officer will work directly with the broker or borrower to establish their needs, identify a program that fits those needs, and qualify them. RCN Capital works strictly with commercial mortgages backed by residential properties and provides a full range of asset-backed, short- and long-term loans from $70K to $2M.
Primary Responsibilities:
- Identify new customers for real estate, asset-based loans fitting company's criteria
- Follow up on leads generated through RCN Capital's marketing program
- Responsible for loan origination managing the loan through processing and underwriting
- Point of contact for follow up servicing after closing
- Collection and analysis of financial and credit data to assess customer need and identify the appropriate program
- Thorough knowledge and clear communication of all RCN products and services
Requirements:
- Must be living in the Los Angeles, CA area. Can be in office or hybrid work structure (combination of work in office and remote)
- Ability to communicate effectively with clients in person, over the phone, and through email
- Ability to work independently and meet deadlines
- Proficiency using MS Office, specifically Outlook, Word and Excel
- Ability to handle a 30-50 loan pipeline efficiently
- Must be able to attend conferences and trade shows to represent RCN Capital to new and existing clients
- Must have at least one year of experience in professional sales
- Experience in construction based lending, real estate, hard money or private lending preferred
Education:
- Associate's degree, or equivalent, in Business, Finance, or related field required
- Bachelor's degree, or equivalent, in Business, Finance, or related field preferred
- Experience may be considered in lieu of formal education
Work Schedule:
- Full time
- Monday-Friday, 8AM to 5PM
- Hybrid work model - First 30 days are required in-office for training, 2 days/week in office after
Why RCN Capital:
- Growth‑oriented environment with opportunities to expand your legal skill set
- Ongoing training and development
- Casual dress policy
- Competitive benefits, including 401(k)
- And many additional perks
Equal Opportunity Employer
This employer is required to notify all applicants of their rights pursuant to federal employment laws. For further information, please review the Know Your Rights (https://www.eeoc.gov/poster) notice from the Department of Labor.