Senior Loan Officer - NeighborWorks Capital
Sate Housing Finance Agencies (HFAs), Silver Spring, Maryland, United States, 20900
Summary
The Senior Loan Officer is responsible for developing and maintaining lending relationships with affordable housing real estate developers, both single- and multi-family, within the NeighborWorks America network. They will identify loan and participation opportunities, and creatively structure, underwrite, and secure loan approvals. This role is expected to meet Lending Team production goals, adhere to NC lending policies and Loan Committee requirements, and minimize organizational risk.
Reports to:
Chief Lending and Customer Engagement Officer
This position can be fully remote but requires willingness to travel to NC’s corporate office in Silver Spring, MD and for customer visits, industry conferences and events as applicable.
Responsibilities Loan Underwriting & Analysis
Guide borrowers through the loan application, approval, and closing process.
Evaluate loan requests and risk ratings in line with lending policy guidelines.
Balance borrower needs with organizational risk mitigation through effective negotiation.
Analyze organizations (board, staff, financial, etc.), developments, and projects to support loan origination and underwriting.
Provide technical assistance to borrowers in structuring financing solutions.
Prepare credit memoranda and present loan recommendations to NC’s Loan Committee.
Manage multiple deadlines and borrower needs with flexibility and adaptability.
Assist the Director of Loan Closing with timely closings, including negotiating terms and reviewing due diligence and loan documents.
Build and maintain strong working relationships with borrowers, NeighborWorks America relationship managers and other industry partners.
Confidently speak to the full range of products, services and resources provided by NeighborWorks Capital.
Conduct site visits to meet current and prospective borrowers and evaluate projects.
Assess market needs and conduct research to inform new or enhanced financing solutions.
Represent NeighborWorks Capital at industry conferences and networking events.
Coordinate business development activities with the Chief Lending and Customer Engagement Officer, CEO, and other relevant staff.
Coordinate customer relationship management with Portfolio Managers to ensure a seamless customer experience and to foster loyalty and repeat business.
Required Experience The ideal candidate will bring:
5+ years of experience in commercial or multifamily real estate lending, credit analysis, or underwriting, preferably with complex community development projects at a bank or CDFI.
Proven ability to develop new borrower relationships and manage a portfolio of existing clients to achieve loan origination/production goals.
Knowledge of affordable housing finance, nonprofit real estate development, and federal/state subsidy programs serving urban and rural areas.
Bachelor’s degree in finance, business, real estate, economics, urban planning, or a related field.
Commitment to community development and creating positive impact in underserved communities.
Strong analytical skills with experience preparing clear, accurate, and well-organized credit analyses.
Excellent written and verbal communication skills.
Professional demeanor and collaborative approach in a mission-driven environment.
Ability to prioritize multiple tasks and meet deadlines while maintaining credit standards.
Proficiency in Salesforce, Microsoft Office Suite, with advanced Excel skills.
Compensation Annual salary range: $130,000 – $150,000 depending on experience plus excellent employer-paid benefits package that includes medical, dental, vision, 11 paid holidays, PTO & sick leave, life insurance, disability, 6% contribution of eligible salary to 401(k), transportation subsidy, matching contribution plan to eligible nonprofits, and bonus potential.
About NeighborWorks Capital NeighborWorks Capital is a national non-profit, certified Community Development Financial Institution (CDFI) serving NeighborWorks America network organizations, nearly 250 strong, capable non-profit housing and community development organizations in every state, District of Columbia, and Puerto Rico. These organizations provide communities with affordable housing, financial counseling, training, and resident engagement in the areas of housing, health, employment, and education.
NeighborWorks Capital’s current capitalization is nearly $200 million with more than $100 million in loans outstanding nationwide. Since its inception, NeighborWorks Capital has deployed over $570 million in loan capital to support the NeighborWorks network. In 2023, NeighborWorks Capital received its first-ever S&P Global issuer credit rating of A+/Positive, citing key strengths in capital adequacy, profitability, liquidity, and financial management. The organization has been Aeris-rated since 2011 and currently holds a four-star Impact Management rating as well as an AA Financial Strength and Performance Rating, indicating strong financial capability, performance, and risk management practices.
NeighborWorks Capital is an Equal Opportunity Employer. It is NeighborWorks Capital’s commitment to treat all its employees and candidates for employment with dignity and respect and to provide a workplace that is free from discrimination, whether that discrimination is based on race, color, religion, sex, national origin, disability, political affiliation, marital status, membership in an employee organization, age, sexual orientation, gender identity, pregnancy, or other non-merit factors.
Connect with your HFA peers for best practices, advice, and solutions.
Stay informed about the issues, legislation, and regulations important to state HFAs.
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Reports to:
Chief Lending and Customer Engagement Officer
This position can be fully remote but requires willingness to travel to NC’s corporate office in Silver Spring, MD and for customer visits, industry conferences and events as applicable.
Responsibilities Loan Underwriting & Analysis
Guide borrowers through the loan application, approval, and closing process.
Evaluate loan requests and risk ratings in line with lending policy guidelines.
Balance borrower needs with organizational risk mitigation through effective negotiation.
Analyze organizations (board, staff, financial, etc.), developments, and projects to support loan origination and underwriting.
Provide technical assistance to borrowers in structuring financing solutions.
Prepare credit memoranda and present loan recommendations to NC’s Loan Committee.
Manage multiple deadlines and borrower needs with flexibility and adaptability.
Assist the Director of Loan Closing with timely closings, including negotiating terms and reviewing due diligence and loan documents.
Build and maintain strong working relationships with borrowers, NeighborWorks America relationship managers and other industry partners.
Confidently speak to the full range of products, services and resources provided by NeighborWorks Capital.
Conduct site visits to meet current and prospective borrowers and evaluate projects.
Assess market needs and conduct research to inform new or enhanced financing solutions.
Represent NeighborWorks Capital at industry conferences and networking events.
Coordinate business development activities with the Chief Lending and Customer Engagement Officer, CEO, and other relevant staff.
Coordinate customer relationship management with Portfolio Managers to ensure a seamless customer experience and to foster loyalty and repeat business.
Required Experience The ideal candidate will bring:
5+ years of experience in commercial or multifamily real estate lending, credit analysis, or underwriting, preferably with complex community development projects at a bank or CDFI.
Proven ability to develop new borrower relationships and manage a portfolio of existing clients to achieve loan origination/production goals.
Knowledge of affordable housing finance, nonprofit real estate development, and federal/state subsidy programs serving urban and rural areas.
Bachelor’s degree in finance, business, real estate, economics, urban planning, or a related field.
Commitment to community development and creating positive impact in underserved communities.
Strong analytical skills with experience preparing clear, accurate, and well-organized credit analyses.
Excellent written and verbal communication skills.
Professional demeanor and collaborative approach in a mission-driven environment.
Ability to prioritize multiple tasks and meet deadlines while maintaining credit standards.
Proficiency in Salesforce, Microsoft Office Suite, with advanced Excel skills.
Compensation Annual salary range: $130,000 – $150,000 depending on experience plus excellent employer-paid benefits package that includes medical, dental, vision, 11 paid holidays, PTO & sick leave, life insurance, disability, 6% contribution of eligible salary to 401(k), transportation subsidy, matching contribution plan to eligible nonprofits, and bonus potential.
About NeighborWorks Capital NeighborWorks Capital is a national non-profit, certified Community Development Financial Institution (CDFI) serving NeighborWorks America network organizations, nearly 250 strong, capable non-profit housing and community development organizations in every state, District of Columbia, and Puerto Rico. These organizations provide communities with affordable housing, financial counseling, training, and resident engagement in the areas of housing, health, employment, and education.
NeighborWorks Capital’s current capitalization is nearly $200 million with more than $100 million in loans outstanding nationwide. Since its inception, NeighborWorks Capital has deployed over $570 million in loan capital to support the NeighborWorks network. In 2023, NeighborWorks Capital received its first-ever S&P Global issuer credit rating of A+/Positive, citing key strengths in capital adequacy, profitability, liquidity, and financial management. The organization has been Aeris-rated since 2011 and currently holds a four-star Impact Management rating as well as an AA Financial Strength and Performance Rating, indicating strong financial capability, performance, and risk management practices.
NeighborWorks Capital is an Equal Opportunity Employer. It is NeighborWorks Capital’s commitment to treat all its employees and candidates for employment with dignity and respect and to provide a workplace that is free from discrimination, whether that discrimination is based on race, color, religion, sex, national origin, disability, political affiliation, marital status, membership in an employee organization, age, sexual orientation, gender identity, pregnancy, or other non-merit factors.
Connect with your HFA peers for best practices, advice, and solutions.
Stay informed about the issues, legislation, and regulations important to state HFAs.
#J-18808-Ljbffr