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$110k–$135k/yr
Full-time
bachelor degree
Healthcare plans, Dental insurance, Vision insurance, Paid Time Off, Company holidays, Floating holidays
Posted 14d ago
~40 hrs/week
Responsibilities
The Senior Loan Officer underwrites loan applications, prepares credit memos, and presents requests to the Loan Review Committee. They manage the entire loan lifecycle from initial application and financial analysis through to closing and funding.
Requirements
Candidates need three to five years of experience in affordable housing lending or related real estate and community lending. A bachelor's degree in business, finance, or real estate is preferred.
Full job description
At Mercy Housing, we are on a mission to redefine affordable, low-income housing and create a more humane world where communities thrive, and all individuals can realize their full potential. As the largest nonprofit affordable housing provider in the nation, we build, preserve, and manage program-enriched housing across the country.
The Senior Loan Officer underwrites loan applications according to approved policies, prepares Credit Memos, and presents requests to Loan Review Committee for approval. Closes loans and maintains borrower files.
This position is with Mercy Community Capital, a community development financial institution (CDFI) that is an affiliate of Mercy Housing.
Strong preference for candidates based in Denver, CO, open to remote candidates in other areas willing to travel to Denver as-needed.
Pay: $110,000-135,000 annually, dependent on experience + sign-on bonus (5% of starting salary).
Benefits
Several Healthcare plans to choose from, dental (includes adult and child orthodontia) and vision
15 days of earned PTO your first year, 12 company holidays + 2 floating holidays.
403b + match
Early close Fridays (3 paid hours each Friday)
Early close prior to a holiday (3 paid hours)
Paid Time off between Christmas and New Year's Holiday
Paid Volunteer Time
Paid Parental Leave and Care Giver Leave
Paid Life Insurance
Free Employee Assistance Plan
Pet Insurance options
Duties
Represent Mercy Community Capital to the public and effectively build relationship with customers, industry partners and investors.
Respond to requests from potential applications, manage customer expectations and explain lending parameters.
Review loan applications from prospective borrowers based upon approved underwriting policies.
Manage contacts and applicants in Salesforce to track and build lending pipeline.
Follow up with applicants, secure the necessary information to underwrite the loan, conduct site visits, if needed. Help potential borrowers successfully qualify for financing.
Negotiate loan structure.
Complete financial analysis and prepare credit memo and recommendation summary for approval members.
Manage the post-approval loan closing process from commitment through funding by reviewing and approving borrower due diligence, coordinating with legal counsel, title companies, and internal finance to confirm loan documentation and funding conditions are met.
Other duties as assigned.
Minimum Qualifications
Minimum of three to five years’ experience as an affordable housing lender or related experience in real estate, business, or community lending.
Preferred Qualifications
Bachelor’s degree in business, finance, real estate, or related field.
Knowledge and Skills
Strong analytical, time management, and organizational skills with a high level of attention to detail.
Effective written and verbal communication skills.
Spreadsheets skills to support structuring and pricing loan requests.
Work cooperatively and constructively with a wide variety of people, cross-functional teams, community-based organizations, banks, and lawyers.
Understanding of accounting principles; comprehend and interpret financial reports and legal documents.
Ability to problem-solve, be flexible, and be adaptable to change.
Resolve conflicts through negotiation.
Maintain confidentiality of borrower data.
Work accurately, under pressure, with interpretations, to meet deadlines; work independently and prioritize effectively.
This is a brief summary of the position and responsibilities.
Mercy Housing is a fair chance employer; while we conduct background checks for all positions, we will consider qualified applicants with arrest and conviction records.
Mercy Housing is committed to creating affordable housing, inclusive communities, and inspiring dreams.
Industry
Non-profit Organizations
Company size
1,001-5,000 employees
Founded
1981
Headquarters
Denver, Colorado
LinkedIn followers
25,241
Total funding
$23M
Mercy Housing is working to create a more humane world where poverty is alleviated, communities are healthy and all people can develop their full potential. We believe that affordable housing and supportive programs improve the economic status of residents, transform neighborhoods and stabilize lives.
We provide affordable, program-enriched housing to a variety of people across the country, including low-income families, seniors and people with special needs.
We acquire and renovate housing, as well as develop new properties. The majority of our homes are rental, but we also offer some homeownership opportunities in various communities.
Offices: 1600 Broadway St, Suite 2000, Denver, Colorado 80202-5704, US · 1360 Mission Street, Suite 300, San Francisco, California 94103, US · 120 S. LaSalle, Suite 1850, Chicago, IL 60603, US · 2505 Third Avenue, Suite 204, Seattle, WA 98121, US · 260 Peachtree Street, Suite 250, Atlanta, Georgia 30303, US
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