VP/Director, Real Estate Structured Finance, OriginatorNew York, New York;Seattle, Washington; Newport Beach, California; Austin, Texas; Charlotte, North CarolinaJob Description:At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. Responsible Growth is how we run our company and how we deliver for our clients, teammates, communities and shareholders every day.One of the keys to driving Responsible Growth is being a great place to work for our teammates around the world. We’re devoted to being a diverse and inclusive workplace for everyone. We hire individuals with a broad range of backgrounds and experiences and invest heavily in our teammates and their families by offering competitive benefits to support their physical, emotional, and financial well-being.Bank of America believes both in the importance of working together and offering flexibility to our employees. We use a multi-faceted approach for flexibility, depending on the various roles in our organization.Working at Bank of America will give you a great career with opportunities to learn, grow and make an impact, along with the power to make a difference. Join us!Bank of America is seeking a VP or Director level CMBS Loan Originator for the Real Estate Structured Finance Group (RESF), which is the commercial real estate finance origination and distribution group within Bank of America’s Global Mortgages & Securitized Products Group (GMSP) within the Global Markets division.The Global Markets business offers sales and trading services, including research, to institutional clients across fixed-income, credit, currency, commodity, and equity businesses. Global Markets product coverage includes securities and derivative products in the primary and secondary markets.GMSP is responsible for originating, structuring and securitizing bonds backed by various types of collateral to provide liquidity and funding to a wide range of financial institutions, public companies, and financial sponsors; providing secured asset-based financing; advising financial institutions on asset and platform acquisitions and dispositions; and opportunistic lending situations.RESF focuses on the origination, structuring and distribution of Commercial Mortgage-Backed Securities (CMBS) which are typically backed by Bank of America originated loans collateralized by all commercial real estate property types across the US and Canada. RESF also focuses on commercial mortgage balance sheet lending, commercial real estate backed CLOs and securities underwriting for institutional clients. RESF’s team is based in New York with additional offices in Charlotte, Newport Beach, Seattle, Atlanta, and Austin.The VP or Director level CMBS / CRE loan originator will be responsible for sourcing loan opportunities, maintaining relationships with key clients / referral sources and overseeing loans through the entirety of the origination, underwriting and closing processes.Job Description:Acts as the senior product representative on a client team and is solely responsible for all product transactions with key clients. Negotiates fee structures. Has extensive, in-depth knowledge of product functions and can operate independently in handling transactions. Strong client relationship skills used to control and coordinate all aspects of a transaction, from marketing and documentation to closing. Develops aggressive marketing plans and strategies affecting an entire region or section.
Responsible for direct origination of senior commercial mortgage loans for CMBS (conduit and SASB) and balance sheet
Responsible for screening deal flow / loan requests
Demonstrated history of originating on an annual basis
Proficiency in coverage and sourcing from direct borrower relationships, mortgage brokers and internal bank partners
Candidate should be prepared to provide direct borrower and mortgage broker references
Proficient in drafting loan quotes, term sheets and loan applications
Work with analysts, associates, underwriters and closers to ensure all diligence requirements are satisfied during the closing process
Possesses strong communication skills to keep borrowers and internal partners up to date throughout the origination process
Maintains strong CRE and CMBS market awareness and is conversant on all related industry matters
Skills:
Analytical Thinking
Financial Forecasting and Modeling
Presentation Skills
Price Verification and Valuation
Scenario Planning and Analysis
Client Management
Executive Presence
Market Analysis
Negotiation
Problem Solving
At least 7 years originating CMBS and balance sheet CRE loans
Able to evaluate CRE lending opportunities across all major commercial real estate property types
Comfortable working in a fast paced team environment
Detail oriented with strong interpersonal communication skills
Can manage multiple work streams and meet time sensitive deadlines
Proficiency in Argus, PowerPoint and Excel is preferred
Shift:1st shift (United States of America)Hours Per Week:40Bank of America and its affiliates consider for employment and hire qualified candidates without regard to race, religious creed, religion, color, sex, sexual orientation, genetic information, gender, gender identity, gender expression, age, national origin, ancestry, citizenship, protected veteran or disability status or any factor prohibited by law, and as such affirms in policy and practice to support and promote the concept of equal employment opportunity and affirmative action, in accordance with all applicable federal, state, provincial and municipal laws. The company also prohibits discrimination on other bases such as medical condition, marital status or any other factor that is irrelevant to the performance of our teammates.To view the "EEO is the Law" poster, CLICK HERE (https://www.dol.gov/ofccp/regs/compliance/posters/pdf/eeopost.pdf) .To view the "EEO is the Law" Supplement, CLICK HERE (https://www.dol.gov/ofccp/regs/compliance/posters/pdf/OFCCPEEOSupplementFinalJRFQA508c.pdf) .Bank of America aims to create a workplace free from the dangers and resulting consequences of illegal and illicit drug use and alcohol abuse. Our Drug-Free Workplace and Alcohol Policy (“Policy”) establishes requirements to prevent the presence or use of illegal or illicit drugs or unauthorized alcohol on Bank of America premises and to provide a safe work environment.To view Bank of America’s Drug-free workplace and alcohol policy, CLICK HERE .