Job Details
Who We Are:
Based in New Jersey and established in 2010, Asset Based Lending, LLC ( ABL ) is one of the nation s leading Hard Money Lenders. We provide fast bridge financing to real estate investors for the purchase, renovation, or new construction of single family, multi-family and mixed-use properties as well as DSCR rental loans for long term investors. We have closed thousands of loans since we began lending fourteen years ago, producing more than $2B in originations. ABL was acquired by a private equity firm in 2021, and with a renewed focus on growth, we ve set our sights on consistent evolution and cementing our place as the premier private lender in the country.
Our Mission is Simple:
- Good Loans
- Exceptional Service, Every Time
- The Firm
- The Future
Job Summary:
We are seeking a motivated and detail-oriented individual to join our team as an Asset Management Admin. The successful candidate will play a crucial role in assisting with the management and mitigation of loan losses and asset-related activities. This role will involve data collection, tracking unfunded loans, monitoring projects and permit expiration, and ensuring inspection approvals are obtained. This is an excellent opportunity for an individual with a passion for real estate, finance, and data analysis to contribute to our organization's success.
Responsibilities:
- Collaborate with the Loss Mitigation/Asset Manager to support the end-to-end loan management process.
- Approve draw schedules based on provided scope of work.
- Collect and organize data related to loans, assets, projects, permits, and inspections in a structured and accurate manner.
- Monitor the status of unfunded loans and work with relevant stakeholders to ensure timely disbursements and funding
- Conduct regular reviews of project timelines and permit expiration dates, proactively identifying potential issues and risks.
- Assist in the preparation of reports and presentations detailing the status of loan portfolios, assets, and mitigation efforts.
- Coordinate with external parties, including contractors, inspectors, and regulatory authorities, to ensure inspections are scheduled and approvals are obtained as required.
- Help maintain an up-to-date database of asset-related information, including property details, valuations, and relevant documentation.
- Participate in cross-functional meetings to provide updates on the progress of mitigation efforts and collaborate on problem-solving.
- Stay informed about industry trends, regulations, and best practices related to loss mitigation and asset management.
Qualifications:
- Bachelor's degree in Finance, Business Administration, Real Estate, or a related field.
- Previous experience in real estate, mortgage lending, or a similar industry is a plus.
- Strong organizational skills and a high level of attention to detail.
- Proficiency in data collection, analysis, and database management.
- Excellent communication skills, both written and verbal.
- Ability to work collaboratively in a team environment and adapt to changing priorities.
- Proficiency in Microsoft Office Suite, particularly Excel and PowerPoint.
- Knowledge of project management principles and familiarity with permit processes is desirable.
- Strong problem-solving skills and the ability to take initiative.
- A proactive and self-motivated attitude with a willingness to learn and grow within the organization.