Title: Senior Loan Officer
Location: Austin, TX
Location: Remote work is not offered. This position will work out of space private to BFI within a larger coworking facility in Austin. BFI's main office is in Sioux Falls, SD and there is an ancillary office in New York City. Within the initial 3 months of employment, plan to spend 2-3 weeks working out of the main Sioux Falls office. Thereafter assume an annual trip to Sioux Falls, SD.
Job Overview: If hired, you will focus on DSCR originations. You will be the front line, working with investors, brokers, property managers, realtors, and other sources. You must be self-motivated and entrepreneurial.
BFI is a direct lender with access to a balance sheet that is low cost and flexible. Our balance sheet provides a meaningful competitive advantage. Your originations will be retained on balance sheet through maturity or aggregated on balance sheet for eventual bulk sales.
You will receive increasing amounts of institutional support as you ramp up your originations. Initially, support from closing personnel will be provided. Pending at least moderate success, underwriting, marketing, and information technology resources may become available.
Compensation: Compensation is performance based. There is potential for substantial bonus compensation. Any bonus would be success-based and tied to profitability consistent with a well-defined employment agreement. There would also be a base salary (not a draw) and standard benefits.
Ongoing performance is required to maintain your employment, including but not limited meeting minimum origination targets; avoiding meaningful client or loan buyer issues; and maintaining accurate, up-to-date information in the HubSpot CRM.
Qualifications
Experience in DSCR originations is required. Whether you are your firm's rainmaker or in need of a fresh start, we will consider your candidacy.
We provide a highly competitive and comprehensive compensation and benefits program including affordable medical/dental insurance, generous paid leave program, 401(k) and much more!
