Business Development Associate

Anchor Loans is the premier direct private money lender.  Since 1998, Anchor has provided qualified developers and borrowers with quick bridge financing for non-owner occupied properties.  With headquarters in greater Los Angeles and a nationwide network, Anchor continues to expand into new markets.

Position Summary

The Business Development Associate is responsible for cultivating relationships with potential investors, borrowers, and real estate professionals in the context of private money lending.  This role requires strong communication skills, a deep understanding of real estate financing, and the ability to thrive in a competitive and dynamic lending environment.  This role is NOT REMOTE and the ideal candidate will need to be able to work in the Thousand Oaks area of California.

Essential Duties & Responsibilities:

• Daily inbound and outbound call activity – responsible for managing inbound calls, and screen for quality and alignment of company loan product guidelines. Target 50 plus outbound phone calls per day, using data, and prospective client contact information to evaluate alignment with Anchor’s target borrowers

• Through consistent evaluating of call scripts, work with manager to refine and design call strategies, and scripts to perfect call conversion

• Client Acquisition: Identifying and prospecting potential borrowers and real estate investors in need of short-term, high interest loans

• Relationship Building: Cultivating strong relationships with clients, real estate agents, and other industry professionals to generate business opportunities

• Loan Origination: Assessing loan applications, evaluating collateral, and underwriting hard money loans

• Market Research: Staying informed about real estate market trends and identifying opportunities for lending

• Compliance: Ensuring adherence to legal and regulatory requirements in the lending process

• Sales and Negotiation: Effectively negotiating terms and conditions of hard money loans and closing deals

• Reporting: Maintaining records and providing regular reports on business development activities and outcomes

• Customer Service: Providing excellent customer service to clients, addressing their needs, and addressing any concerns

• Team Collaboration: Working closely with underwriters, loan processors, and other team members to facilitate the loan process

• Target Achievement: Meeting or exceeding sales targets and revenue goals set by the company

• Continual Learning: Staying updated on changes in lending practices and regulations

• Ability to work in offfice in Thousand Oaks, California

Desired Skills and Qualifications:

• Bachelor’s Degree in finance, business or economics preferred

• Knowledge of hard money lending and practices, regulations and industry trends

• Strong sales negotiation skills are essential for building and maintaining client relationships

• A solid understanding of financial analysis, credit evaluation, and risk assessment is important

• Effective networking and relationship-building skills to connect with potential borrowers, brokers, and real estate professionals

• Excellent verbal and written communication skills to convey complex financial information to clients and colleagues

• The ability to analyze potential lending opportunities and assess risk is vital

• Stay updated on market conditions, real estate trends, and the competition

• Knowledge of relevant lending regulations and the ability to ensure all transactions are compliant

• Strong problem solving skills to navigate complex lending scenarios

• Collaborative skills to work with underwriters, legal teams and other stakeholders in the lending process

• Effective time management and organizational skills to manage client relationships and lending opportunities simultaneously

• Proficiency in using CRM platforms such as Salesforce

• High ethical standards and integrity when dealing with clients and financial transactions

Benefits:

The values of our employees reflect those of the company as a whole. If you embrace teamwork, innovation, and accountability you'll feel right at home. Our mission is to create opportunities for success by improving homes and communities. We set up our team members for success by offering a competitive benefits package that includes:

• Comprehensive health insurance options including Medical, Dental, Vision, Basic Life/AD&D insurance

• Generous sick leave & vacation benefits for rest, relaxation, and personal pursuits

• Highly competitive performance bonus

• 401(k) retirement program with employer match

• Tuition reimbursement toward professional development

• Workplace Celebrations, Team Building, Charity Drives, and Food Truck luncheons

• Wellness activities and onsite gym

• 12 Paid Holidays

Education:  College Degree, preferred.

Anchor Loans, LP is subject to the California Consumer Privacy Act of 2018 (“CCPA”). A copy of Anchor’s California Privacy Policy can be found at https://www.anchorloans.com/privacy-california-residents.