Firm announces goal to roll out App Services hiring initiative nationwide by Octobe
On the heels of launching its groundbreaking Eastern Union commercial real estate app last week, Eastern Union Funding announced that it will initially hire 25 business development managers throughout its New York, New Jersey and Maryland offices to significantly grow the technology’s reach in the commercial real estate industry.
“Eastern Union is at the forefront in capturing what industry professionals need: a full-service mobile dashboard that keeps them on top of their business and offers the best toolkit to get deals done,” Eastern Union Funding Director of Business Development Jay Liberman told Matzav.com. “We have received nothing but 5-star reviews so far and clients are excited about the planned updates.”
The business development managers will be led by Mr. Liberman. After the initial recruiting phase, Eastern Union Funding will continue to grow its business technology platform and hire additional experts nationally as it adds more features to the app.
Among the responsibilities of the new hires is working with Eastern Union Funding’s national clients to download and learn its first-of-its-kind commercial real estate mobile app, which provides all industry professionals with Eastern Union’s directory of vendors (including real estate brokers, mortgage brokers and bankers); a mortgage calculator that computes max loan from debt service coverage, underwriting and property value using cap rates, as well as cash on cash; live comprehensive interest rates from Fannie Mae, Freddie Mac, SBL, CMBS, and 5-, 7-, and 10-year bank rates; and a multi-source commercial real estate newsfeed.
“In addition, these tech-savvy business development reps will show clients how to track and source deals through the app. As an extra incentive, the new hires will have the potential to earn recurring revenue down the road and be generously rewarded for any mortgage business sourced through the app,” noted Mr. Liberman.
This major tech initiative reflects Eastern’s commitment to meeting the various needs of commercial real estate industry professionals. In addition to its commercial real estate app, it also recently expanded its debt brokerage expertise by adding a new equity platform, sourcing funding for its clients from hundreds of qualified and vetted potential investors.
About Eastern Union Funding
Founded in 2001, Eastern Union Funding is the country’s second most active commercial mortgage company, on a transaction volume basis, and one of the top 50 fastest growing companies in NYC as reported by Crain’s New York Business the past two years straight. A trusted advisor to its clients and innovation leader in the commercial mortgage marketplace, Eastern Union closes an average of $3 billion annually nationwide. The firm’s sophisticated debt solutions are complemented by a one-of-a-kind Equity Division. Eastern Union is headquartered in New York, with offices in New Jersey, Maryland and Israel. For more information, visit www.easternuc.com.