I have the opportunity to take a Junior SBL Originator role at an Arbor type firm. I have no experience in CRE and graduated a few months ago. I have the possibility of taking the role as I have shown persistence with the SVP/hiring manager at the office. I'm not too sure of the exact functions of the position yet, it could be 50% business development and 50% helping the SVP with his pipeline. Seems like it would be a little more business development than the latter though as he already has a production analyst. Has anyone had any experience in this type of role? Are these kinds of roles usually salaried + commission? Would this be good experience even for someone that has never been in a true production analyst/underwriting analyst position jumping straight to originations? Would this pair well if I did a MRE (Georgetown possibly)/MSF (conc. in RE from local uni)? I am very keen on being in multifamily debt so I feel like this could be a great role for me, assuming I am mentored (which I believe I would be) and there is an at least small salary to keep the food on the table. Thanks yall.
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Last try..surprised there's no input on this.
Sounds like a good role. I have no direct experience but I know people who are. I'll PM you
Pm'd - thank you
I doubt a junior originator would be very commission driven but what is the typical loan size?
Mainly SBL I believe, so 1MM-7.5MM. Will have more info by the end of the week from the SVP.
Make sure you find out what/if your production goals are as a Jr. A typical way to become an originator is to start as analyst/underwriter to gain experience. If you're going to be assisting the lead originator in closing deals or managing clients, or will be fed smaller deals, great. If you're on the hook right away for producing, it may be tough.
The hardest part about originations is probably developing a network of clients. It gets easier once you get repeat clients and referrals.
The job posting basically says I will be assisting with current clients and developing my own. But yeah, this will be a main talking point the next time I speak to my connection about this role.
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