Eastern Union In Process Of Major Hiring Blitz

Due to a banner year and their goal of closing $3 billion in commercial loan financing deals in 2013, Eastern Union Funding, the country’s second-largest privately owned mortgage company on a transaction volume basis is seeking to hire 20 individuals for broker positions for their Lakewood, Brooklyn and Monsey offices, the company told TLS.

Eastern’s in-depth 12-month training program includes a guaranteed base salary, incentives and the opportunity to grow, making these jobs ideal for those looking for a frum environment which offers security and the ability to make serious money. While no real estate or sales experience is necessary, these jobs are best suited for smart, outgoing and self-motivated individuals with good social skills. “The high level of on-the-job paid training is unheard of in the industry and the advantages of working with Loan Tracker™, Eastern’s very own state-of-the-art software, adds a dimension which makes this opportunity truly unique,” the company says.

“The current commercial mortgage market differs significantly from the residential one as while both mortgages are typically set at 30 years, residential homeowners usually only refinance when the rates drop with the intention of going mortgage-free sooner,” the company explains. “The residential mortgage market is therefore more volatile and reactive to interest rates. However, while commercial loans are also typically 30 years, the banks fix rates at either 5, 7 or 10 years. This means that owners of commercial properties will be forced to refinance, even in the rising rate environment which is expected to take place over the next several years. Additionally, the fact that commercial real estate owners typically own several properties, also gives the commercial market more sustainability, regardless of the environment.”

“Commercial owners are also motivated to refinance as lower rates are introduced in order to purchase additional properties. This generates a continued commercial financing cycle which adds strength and perpetual shelf life to the commercial mortgage industry.”

According to Eastern Union’s president Ira Zlotowitz, commercial lending has strengthened over the past year and a half, and he expects the momentum to continue. With offices in Brooklyn, Lakewood, Monsey and Maryland, Eastern is on pace to almost triple their $1.25 billion in financing volume in 2012, the company says. Eastern Union works closely with a wide spectrum of lenders to finance transactions for multifamily, office, retail, hotel, healthcare, industrial, construction, co-op and self-storage properties.

This opportunity is available for men and women for both full and part time positions. If you are interested, please contact Anna Rothstein, Executive Assistant to Ira Zlotowitz at (732) 301-3945 or e-mail resume and contact information to [email protected].

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  1. This is a great Company. With a great bunch opf guys like Ira, Meir, Yisroel et al. If u have half a brain & just a little drive, you can make this work for you. In a big way.

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