DSCR Processing Team Lead

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This range is provided by Asset Based Lending. Your actual pay will be based on your skills and experience — talk with your recruiter to learn more.

$70,000.00/yr - $85,000.00/yr

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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 nearly $3B 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:

• Make Good Loans
• Provide Exceptional Service, Every Time
• Protect The Firm
• Build The Future

Team Lead Expectations and Duties
:

Objective: To drive the efficient and compliant processing of all loans, ensuring exceptional quality in documentation and adherence to SLAs, while leading the processors to achieve peak performance, excel in customer service, and maintain a high level of team engagement.

Operational Efficiency and Speed – Proactively manage the team's workflow and pipeline to consistently meet or exceed the targeted 30‑day average team turn‑time from processing stage to CTC.

• The Team Lead will put a heavy focus on Pipeline management & TOE adherence.
• Daily pipeline reviews:
  Review team pipelines daily to ensure TOE date is being adhered to.
• Bottleneck Resolution:
  The Lead is responsible for identifying bottlenecks, process gaps, or training needs that impede flow. This includes immediately reallocating resources or escalating complex file issues to underwriting or management to prevent delays.

Quality, Accuracy & Compliance – Elevate the overall quality of loans submitted for final underwriting to ensure immediate clearance by underwriting and diligence teams, specifically targeting a significant reduction in processing defects.

• Defect Rate Reduction:
  The Team Lead will execute strategy to reduce the overall monthly defect rate.
• CA Management:
  Train CAs on all policy changes and updates.
• Monitor file assignments for accuracy and equal file distribution.
• Assign/reassign PODs as needed.
• “A & B Grade” Achievement:
  Drive the team's performance to ensure that 90% or more of all initially submitted loan files receive an “A” (no defects) or “B” (minor, non‑material defects) grade from diligence review.
• Targeted Coaching and Feedback:
  Conduct a root‑cause analysis on all “C” or “D” graded files, monthly. Use this data to create and deliver individualized coaching and targeted training.
• Compliance Verification:
  The Lead will conduct weekly spot‑checks on a minimum of 5 active files to verify compliance integrity before final underwriting submission.
• Monthly Team Goals:
  Assist with unit & volume goal settings.
• Process Changes:
  Assist with technology changes, updates or new processes.

Team Leadership & Development – The Loan Processing Team Lead is expected to function as a coach and mentor, fostering a high‑performing, engaged, and professional team environment.

• Individualized
  
  Coaching:
  
  Conduct structured meetings with each direct report to review performance and provide constructive feedback as needed.
• Direct Report Reviews:
  Conduct monthly 1:1 meetings and yearly 360 reviews.
• Recognition and Motivation:
  Implement a consistent system for recognizing high performance and success, promoting a positive team culture.
• New Hire Interviews & Training:
  Be part of the interview process and personally conduct the initial training for all new DSCR processors.
• Continuous Training:
  Rotation of topics based on defects, process changes and/or internal feedback on processor.
• Disciplinary Enforcement:
  Preform write ups and handle base level disciplinary action.

Stakeholder Communication – The Team Lead is expected to act as…