Bridge Processor
Asset Based Lending LLC
Job Description
Job Description
Who We Are:
Founded in 2010 and headquartered in New Jersey, Asset Based Lending, LLC (“ABL”) is a leading hard money lender in the U.S. We specialize in fast Bridge financing for real estate investors, supporting the purchase, renovation, or construction of single-family, multi-family, and mixed-use properties, as well as DSCR rental loans for long-term investors. Since our inception, we’ve closed thousands of loans, generating over $4 billion in originations. Acquired by a private equity firm in 2021, ABL is poised for continued growth, aiming to solidify our position as the nation’s premier private lender.
Our Mission is Simple:
• Make Good Loans
• Provide Exceptional Service, Every Time
• Protect The Firm
• Build The Future
Position Summary:
The Loan Processor manages the loan application process from submission to closing, ensuring efficiency, accuracy, and compliance with federal and state regulations. This role requires expertise in Residential transition loans, RTL (Bridge loans), strong relationship- building skills, and proficiency with loan origination systems (LOS). The ideal candidate is detail-oriented, proactive, and committed to delivering exceptional customer service.
What You’ll Do
• Facilitate a seamless loan process by managing applications and documentation.
• Collaborate with internal teams (Loan Originators, Sales Assistants, Underwriters, Team Leaders) and external parties (real estate agents, borrowers, title companies, attorneys, HOI Agents, escrow agents).
• Build and maintain strong relationships with borrowers, guiding them through documentation requirements.
• Review loan approvals and address conditions for Underwriting and Closing teams promptly.
• Meet or exceed service level agreements (SLAs) for turnaround times.
• Collect and verify documentation for Bridge loans, ensuring accuracy.
• Uphold ABL’s core values and consumer-centric model to provide outstanding customer service.
• Coordinate with Sales and Closing teams for timely and accurate updates.
• Schedule and track closing dates, contingency dates, and loan lock expirations.
• Maintain detailed records of loan volume, status, and outcomes (approvals, cancellations, denials).
• Ensure compliance with federal and state lending regulations.
• Perform additional duties as needed.
Responsibilities
• Compile, review, and organize loan packages, including initial conditions and
documents.
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