Director/Sr. Director, Commercial Mortgage Originations
New York Life
Job Description
Position
The Director or Senior Director of Commercial Mortgage Originations will proactively solicit commercial mortgage loan opportunities, handle all aspects of mortgage origination, business development, underwriting, due diligence, application negotiation, loan closing, as well as monitoring the regional mortgage portfolio and relationships. Travel is required.
What You’ll Do
- Strong knowledge of Southwestern U.S. real‑estate markets and commercial property types (industrial, retail, multi‑family, office, hotels).
- Excellent analytical, quantitative, and technical skills; ability to analyze, underwrite, and forecast property cash flows and valuations using Argus and Excel.
- Ability to size and price loans with correct structural features and negotiate term sheets and commitments.
- Track record in commercial mortgage loan origination, due diligence, and closing/negotiation.
- Team player, organized, efficient, proactive, responsible for performance and product.
- Strong interpersonal, relationship‑building, marketing, written and verbal communication, and presentation skills.
- Research and analysis of real‑estate market data, financial information, and independent interaction with borrowers, brokers, property managers, appraisers, attorneys, and other professionals.
- Ability to multitask and respond to changing priorities in a team environment.
- Construction lending and/or structured lending experience a plus.
What You’ll Bring
- Bachelor’s or Master’s degree in Finance, Real Estate, Accounting, or related field (preferred).
- 10–15+ years experience as a commercial mortgage underwriter or originator.
- Experience with a major financial institution or mortgage brokerage.
- Proven track record in commercial mortgage loan originations.
- Strong work ethic, teamwork, and ability to work well in a team setting.
- Industry‑recognized designation such as CCIM or CFA, or progress toward one, is a plus.
- Travel required.
Location
Hybrid – 4 days per week.
Pay Transparency
Salary Range: $184,000–$263,000. Exempt. Discretionary bonus eligible. Overtime not applicable. Base salary determined by experience, skills, qualifications, and location. Employees eligible for annual discretionary bonus and potential incentive program.
Benefits
Full benefits package, including leave programs, adoption assistance, and student loan repayment. Additional benefits are available and updated regularly.
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