Nc job description loan officer 0

LOAN OFFICER Position Description About NeighborWorks® Capital: NeighborWorks® Capital (NC) is a national community development financial institution (CDFI) that serves the real estate financing needs of the 240+ members of the NeighborWorks® America network serving cities and rural communities across the United States. NC is a $90 million loan fund embarking on an expansion of its lending impact and reach within the NeighborWorks® America network. This is an exciting time to become part of the NC team as it implements its newly-adopted Strategic Plan.

NC is based in Silver Spring, MD, in the Washington, D.C. metro area, and provides loans for real estate development projects and organizations. NC offers a competitive salary and benefits package.

Summary This lending position has primary responsibility for origination, underwriting and closing loans, with responsibility for new business development. The position reports to the Chief Lending Officer.

The primary responsibilities of this position are to independently develop and maintain lending relationships with NeighborWorks affiliates, identify lending opportunities, underwrite, structure, and close real estate loans and, if appropriate, sell participations in loans to other CDFIs. The Loan Officer will be expected to meet Lending Team loan production goals, satisfy lending policies and NC Loan Committee requirements, and minimize legal and financial risks to the organization.

Reports to:

Chief Lending Officer

Status:

Full-time, exempt

Location:

NC’s headquarters in Silver Spring, MD

Related duties and responsibilities Loan Underwriting and Analysis  Responsible for guiding prospective borrowers through the loan application, approval, and closing process  Primary responsibility for organization and project analysis and underwriting in support of loan origination  Develop and maintain effective working relationships with borrowers, NC Loan Committee, CDFI partners, other lenders, consultants, vendors, and other staff  Conduct due diligence of projects and borrowers  Provide technical assistance to borrowers in structuring their financing on an as-needed basis

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Analyze, evaluate, and recommend action on loan requests and risk ratings under established credit policy guidelines Assist the Loan Administrator on timely loan closings, including negotiating terms and reviewing due diligence items and loan documents Assist Chief Lending Officer and other members of the Lending Team in coordinating activities of the NC Loan Committee including presenting loan requests, pipeline and other information to committee members in a well-organized, accurate and timely fashion Prepare detailed Loan Closing Summary for handoff to Portfolio Managers after closing Prepare Status Report template for each loan, prior to handoff meeting, in conformance with commitment letter and loan documents

Business Development and Relationship Building  Attend appropriate network and industry conferences and represent NeighborWorks Capital  Build new and maintain existing relationships with potential and current borrowers  Coordinate these and other business development activities with the Chief Lending Officer and Chief Executive Officer Product Development  Collaborate with the Chief Lending Officer and other staff in designing/upgrading loan underwriting, servicing, and portfolio management policies  Assess market needs and conduct research towards designing new or improved loan products  Prepare informational materials on loan products  Other projects as assigned General  Work cooperatively and constructively with a wide variety of people  Share responsibility for relationship management with Lending staff to create loyalty and repeat business  Build relationships with borrowers post-closing and encourage them to work in partnership with NeighborWorks Capital  Proactively induce borrowers to deliver timely information when needed  Meet many deadlines while managing a portfolio of loans  Resolve conflicts through negotiation, effectively balancing borrower needs with risk mitigation for NeighborWorks Capital  Work effectively in a team environment and actively participate in joint problem solving; willingly cooperate with co-workers  Maintain flexibility and adaptability to change  Listen attentively to others - ask clarifying questions to gain a better understanding of the other person’s views  Positively recognize the accomplishments of co-workers  Come to meetings prepared, honor work commitments, meet deadlines  Honor the private and confidential matters of customers and co-workers  Communicate courteously and effectively with others – deal with issues directly, in a respectful and timely manner, focus on resolving the issue while not criticizing the person Qualifications  Undergraduate degree required, advanced degree in relevant field (finance, planning, etc.) is a plus  At least 3 years of demonstrated relevant real estate lending experience, especially complex community development projects, or 5 years in a related filed at a CDFI or bank NC Loan Officer

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Knowledge and experience with real estate finance required Community development real estate lending, especially affordable housing lending experience is a plus Knowledge and experience with affordable housing finance and nonprofit development organizations preferred Proficient in relationship-building skills Knowledge of federal and state real estate development subsidy programs that serve urban and rural areas Commitment to community development, low income communities and strong work ethic Professional demeanor and willingness to cooperatively participate on a team in a missionbased organization Superior financial analysis and credit evaluation skills Self-starter, ability to work independently and as well as collaboratively in a small team If located remotely must be able to work from a distance from rest of the team, and maintain active communication with headquarters while traveling or if located remotely or in a home office Capacity to prioritize multiple tasks to meet customer deadlines while ensuring credit integrity Demonstrated ability to prepare clear, accurate, well-organized written and financial reports and to communicate verbally in an effective manner Proficient in Microsoft Office software programs, use of e-mail and internet, and willingness to expand skill base Moderate travel within U.S. required (20%-25%) Fluent in English Possess valid U.S. driver’s license.

Compensation: Competitive Salary plus excellent benefits package that includes medical, dental, 10 paid holidays, PTO & sick leave, life insurance, 6% contribution to 401(k), transportation subsidy, and bonus potential up to 10% of salary. No phone calls please. NeighborWorks Capital is an Equal Opportunity Employer. Women and minorities are strongly encouraged to apply.

How to Apply: Please submit a letter of interest, resume, and salary requirements to: jobs@neighborworkscapital.org. Salary requirements must be provided to be considered.

Principals Only.

NC Loan Officer

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