Associate Loan Officer

About the Organization

Momentus Direct Capital is now part of the Momentus Capital Family of Organizations which includes Capital Impact Partners, CDC Small Business Finance, and Ventures Lending Technologies. Together, we work to ensure local leaders and communities have equitable access to the capital & opportunities they deserve. With a mission rooted in social impact, we support locally led solutions through our continuum of lending, impact investments, training programs, & technology programs. By joining our team, you will play a key role in how Momentus Capital is transforming the financial sector to help communities build health & generational wealth.

Position Summary

Momentus Direct Capital is looking for a proactive, self-starter who can work independently within a small company environment. We offer a competitive salary, commission plan, excellent benefits, and a friendly work environment. This position supports and markets the Wholesale SBA 504 1st mortgage loan program within the United States.  The ideal candidate has a background in credit analysis but a desire to eventually grow into a business development role.      

Requirements

• Assist Sr Advisor (commonly known in the marketplace as a Loan Officer) with follow-up to leads generated at lending conferences after initial contact by Sr Advisor.
• Assist Sr Advisor with LinkedIn marketing, promoting recent loan closings and other loan production activity.
• Assist Sr Advisor in marketing to new referral sources to increase overall capital deployment.
• Assist Sr Advisor in prequalification process (completing preliminary cash flow for Operating Company and affiliates, working on loan structure and overview of deal).
• Work with referral sources to obtain additional detail on deal summaries so that the credit team is better prepared to quickly underwrite files. Work with referral sources to fill any gaps from the initial set of information obtained through deal summary finalization.
• Provide coverage and be the point of contact for both referral sources and staff when Sr Advisor is at conferences or on vacation.
• Assist referral sources in understanding how to complete the Prequal Template and Cash Flow Analysis.
• Assist Sr Advisor in coordination of ordering third party reports (appraisal and environmental reports).
• Assist Sr Advisor in follow up of prospects in pipeline.

Professional Skills, Education and Experience

Bachelor’s degree in business or public administration, marketing, economics, finance, or urban studies from a recognized college or university or equivalent qualifying experience with the SBA 504 program or related field is strongly preferred.

Minimum 1-3 years’ experience in sales, marketing, and general underwriting principles as well as SBA Lending.

Possession of a valid Driver’s License.

Knowledge of commercial business and SBA 504 real estate loan structuring, underwriting fundamentals and sales and marketing techniques.

Ability to educate business owners, brokers, bankers, civic personnel, and related financial professionals on lending Wholesale SBA 504 1st mortgage loan programs.

Principles and practices of financial management.

Comfortable presenting economic development and financing information to the public.

Benefits

The base salary of this position is $72,648 - $90,811 and is eligible for an annual incentive.

This role is eligible to work remotely (Eastern Time Zone)

• All employees must be legally authorized to work in the United States.  The Company will not sponsor applicants for work visas.

• EEO: Momentus Capital is an equal opportunity employer committed to a diverse work force; and, as such, is fully committed to providing employment for qualified individuals, free from discrimination on the basis of race, color, religion, sex, age, sexual orientation, gender identity, national origin, disability, marital status, pregnancy, childbirth or related medical conditions, or any other protected characteristic established by applicable law.