Nonprofit

Loan Closing Specialist

Hybrid
Work must be performed in California, US
New
|
Published 25 days ago

Details at a Glance

Job Type
Full Time
Experience Level
Mid-level/Managerial
Salary
USD $91,500 - $116,000 / year
The Loan Closing Specialist is a full-time exempt position. This position reports to the Director of Lending. The salary for this position is between $91,500 - $116,500 annually, depending on experience.

Description

RESPONSIBILITIES

● Interface with internal and external parties, including staff, borrowers, closing attorney, and title company proactively to ensure loans are closed timely

● Manage and communicate transaction timelines to internal and external partners to verify all appropriate deadlines are being met

● Perform pre-and post-closing functions including managing closing checklists to ensure that closing counsel has received all required documents to review and close the loan

● Review draft loan documentation, legal descriptions, preliminary title reports, and insurance documentation to verify the accuracy of terms and collateral information

● Transmit loan information and documentation to appropriate internal parties

● Review loan settlement statements prepared by the escrow agent for accuracy

● Inform staff, borrowers, and other parties informed of potential problems or delays

● Work on projects and team initiatives as requested

● Ensure proper internal handoff and transition of responsibilities in a timely manner

● Communicate with Borrowers and serve as one of the primary points of contact for loan closing and disbursements

● Review title reports, escrow instructions, surveys, appraisals, environmental reports, property condition reports, insurance, and other documents, ensuring compliance with loan closing requirements and loan policies

● Ensure accurate, well-organized electronic loan files through loan closing and disbursement, maintaining an audit trail of all closing and monitoring documents and materials

● Maintain a working knowledge of loan policies and protocols as implemented and/or updated

● Maintains the internal loan tracking system in a Salesforce database

● Collaborate with department colleagues to support monitoring and compliance assignments as required

● Assist or lead ad-hoc projects as assigned that may include industry research, product development, operational efficiency, compliance and reporting systems protocol, social impact tracking development, funding applications, or policy analysis

● Work collaboratively with other departments to manage information, reporting, and document preparation for various internal and external needs, funding requests, and compliance with investor covenants


WHO WE ARE LOOKING FOR

Ideal qualifications

● 4+ years of experience documenting commercial loans preferably in the fields of community development or affordable housing

● Experience with New Markets Tax Credits, Low-Income Housing Tax Credits, or other state or federal loan programs a plus

● Understanding of and experience with one of our key areas of affordable housing or nonprofit community facilities lending desired

● Database skills (e.g. Salesforce) with a demonstrated proficiency in MS Office and Google Suites

● Ability to build relationships internally and externally and elicit confidence by demonstrating reliability and commitment to Community Vision’s mission and values

● Knowledge of and experience working with nonprofit community-based organizations is desired

● Demonstrated ability to consistently multi-task and manage a varied and occasionally intense workload while maintaining a high degree of accuracy

● A high level of attention to detail and excellent judgment and decision-making abilities

● Excellent written and verbal communication and organizational skills

RESPONSIBILITIES

● Interface with internal and external parties, including staff, borrowers, closing attorney, and title company proactively to ensure loans are closed timely

● Manage and communicate transaction timelines to internal…

Benefits

Benefits include 100% health insurance premium coverage for employees and a contribution towards dependent coverage, dental insurance, long-term disability and life insurance, transportation, and cell phone subsidies, employer contributions towards retirement savings, three weeks’ vacation, and a commitment to work/life balance.

Benefits include 100% health insurance premium coverage for employees and a contribution towards dependent coverage, dental insurance, long-term disability and life…

Level of Language Proficiency

English

English

Location

Hybrid
Work must be performed in California, US
870 Market St, San Francisco, CA 94102, USA
677

Apply to This Job

Instructions:

Send resume and cover letter with the title of Loan Closing Specialist. Cover letters should discuss your interest in the position and in working at Community Vision. The position will remain open until filled.

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