Senior Director - Commercial Mortgage Originations

Location: Schiller Park
Posted on: June 23, 2025

Job Description:

Our New York Life culture has laid the foundation for over 180 years of commitment to our employees, agents, policy owners, and the communities where we live and work. Here you become a valued part of a welcoming, inclusive, and caring organization with a long-standing legacy in stability and growth. The strength revolves around our diversified, multi-dimensional business portfolio that goes beyond life insurance. As a Fortune 100 company and industry leader, we provide an environment where you can explore your career ambitions, offering opportunities to tackle meaningful challenges and stretch your skills while balancing work and life priorities. You will be part of an inclusive team guided by our belief to always be there for each other–providing the support and flexibility to grow and reach new heights while making an impact in the lives of others. You are our future, and we commit to investing in you accordingly. COMPANY With over 100 years in business, New York Life Real Estate Investors (“NYL REI”) is the real estate debt and equity investment arm of NYL Investors LLC, which is a wholly owned subsidiary of New York Life Insurance Company (“New York Life”). NYL Investors currently has more than $317 billion in assets under management of which NYL REI currently has $70 billion of real estate assets under management. NYL REI is a leading capital provider in the real estate industry and is recognized as a top-tier commercial mortgage lender staffed by a team of highly experienced real estate professionals. The primary focus of the Real Estate Debt Team is the origination and management of commercial real estate related debt products, including mortgage loans (fixed and floating rate) and structured debt investments (including construction and bridge loans), which are typically secured by industrial, multi-family, retail, office, and hotel properties. New York Life is one of the largest mutual life insurance companies in the United States. Founded in 1845, New York Life is headquartered in New York City and is one of the most financially strong and highly capitalized insurers in the business. New York Life has over $740 billion in assets under management and holds the highest possible financial strength ratings currently awarded to any life insurer from all four of the major ratings agencies. Financial strength, integrity and humanity the values upon which New York Life was founded have guided the company’s decisions and actions for more than 180 years. The Midwest Regional Office is responsible for core, bridge, and construction mortgage origination and portfolio management efforts for major markets in the midwestern U.S. including, but not limited to Chicago, Minneapolis, Indianapolis, Columbus, Cincinnati, Cleveland, Detroit, and Milwaukee. Over the past five years, the Midwestern Regional Office has originated more than $3 billion of fixed and floating rate mortgages on a variety of properties, working with top tier owners, developers, investment advisors, pension funds, private equity firms, and mortgage brokers. With increased allocations, 2025 expectations for the Midwest will exceed $1.5 billion of volume. POSITION The Senior Director of Commercial Mortgage Originations responsibilities include proactive solicitation of commercial mortgage loan opportunities (core, bridge, and construction) through developers, institutional owners/investors, and mortgage brokers. The originator will be involved in all aspects of mortgage origination, business development/marketing, underwriting, due diligence, application negotiation and loan closing processes. The originator will also be involved with the monitoring and management of the existing regional mortgage portfolio and existing relationships. Travel is required. REQUIRED SKILLS A strong knowledge of midwestern U.S. real estate markets and commercial properties including, but not limited to industrial, retail, multi-family, office, and hotels. Excellent analytical, quantitative and technical skills, including the ability to analyze, underwrite and forecast property cash flows and valuations using Argus and Excel software. The ability to size and price loans with proper structural features and negotiate term sheets and loan commitments. Successful track record and experience in the commercial mortgage loan origination, due diligence, and loan closing/negotiation processes. Team player who is organized, efficient, proactive, conscientious and assumes accountability and responsibility for specific performance and work product. Strong interpersonal, relationship-building skills, and marketing skills. Excellent written and verbal communication and presentation skills. Creative problem-solver with strong research skills. The ability to gather, analyze, and interpret real estate market data/trends and financial information. The ability to independently and pro-actively interact with, and gather data from borrowers, brokers, property managers, appraisers, attorneys, and other real estate professionals. The ability to multi-task and effectively respond to changes in workflow, priorities and workload in a team environment. Construction lending and/or structured lending experience a plus QUALIFICATIONS To qualify for this position, you should preferably have a Bachelor and/or Master’s degree in Finance, Real Estate, Accounting or related disciplines with 10 to 15 years of experience as a commercial mortgage underwriter/originator preferably with a major financial institution or mortgage brokerage company. A qualified candidate will have a proven track record in commercial mortgage loan originations, a strong work ethic and the ability to work well in a team setting. An industry-recognized designation such as CCIM or CFA, or course work toward either of these designations is a plus.

Keywords: , Schaumburg , Senior Director - Commercial Mortgage Originations, Accounting, Auditing , Schiller Park, Illinois