Responsibilities
- Solicit commercial real estate loan submissions secured by multifamily, mixed-use, retail and office properties to meet annual origination targets.
- Analyze, negotiate, and structure new commercial real estate loan submissions for management and/or Board of Trustee approval.
- Perform collateral inspections for all new loan applications.
- Develop and maintain relationships with external business contacts, including borrowers, mortgage brokers, attorneys, real estate agents, developers, and accountants.
- Collaborate with Commercial Loan Underwriters and Processors to ensure timely loan flow from application to closing and resolve issues.
- Assist the Bank's portfolio management area with loan conformity to approval terms and loan documents.
- Support the Bank's mortgage servicing and portfolio management areas with delinquent loans, non-performing loans, and Real Estate Owned.
- Provide advice and guidance to Department personnel.
- Stay informed about real estate market trends and changes in commercial real estate lending rules and regulations.
- Perform other related duties as assigned.
Requirements
- Minimum of five (5) years of experience in commercial real estate loan origination preferred.
- Underwriting experience is helpful.
- Demonstrated ability to source, structure, and originate multifamily and non-multifamily real estate loans in the NY Metropolitan area, including NYC 5 Boroughs, Nassau, Suffolk, Westchester, Rockland, Northern NJ, and Fairfield County CT.
- Experience originating construction loans, C&I loans, Owner Occupied CRE, and SBA loans is a plus.
- Demonstrated knowledge of the local commercial real estate market and commercial real estate underwriting practices and requirements.
- Excellent mathematical and analytical skills.
- Strong negotiation and sales-related skills.
- Detail and goal-oriented with excellent organizational skills and the ability to work independently.
Skills
- Commercial real estate loan origination
- Underwriting
- Loan structuring
- Loan origination
- Market analysis
- Real estate market knowledge
- Mathematical skills
- Analytical skills
- Negotiation skills
- Sales skills
- Organizational skills
Location
- NY Metropolitan area
- NYC 5 Boroughs
- Nassau
- Suffolk
- Westchester
- Rockland
- Northern NJ
- Fairfield County Connecticut
Work Type
- Full-time
Experience Level
- Minimum of five (5) years of experience in commercial real estate loan origination preferred
Education Level
- Undergraduate, four-year college degree preferred
Salary/Compensations
- $120,000-$150,000/Annually
