Mortgage Analyst bei The Community Preservation Corporation
The Community Preservation Corporation · Chappaqua, Vereinigte Staaten Von Amerika · Hybrid
- Professional
- Optionales Büro in Chappaqua
About Us:
The Community Preservation Corporation (CPC) believes stable and sustainable affordable housing is the foundation of strong communities and we strive to contribute to comprehensive neighborhood revitalization through our lending and partnerships. A nationally recognized leader in affordable housing finance, CPC has provided a consistent source of capital to underserved housing markets throughout New York State since our inception in 1974.
Today, CPC stands as the largest CDFI solely committed to investing in multifamily housing, having invested more than $15 billion to finance the creation and preservation of more than 230,000 units of quality housing in neighborhoods across New York State and beyond. CPC has a robust construction lending platform, a mortgage bank, and equity and impact investment platforms that focus on our three goals: Expanding Affordable Housing, Closing the Racial Wealth Gap and Investing in the Green Economy.
As a member of our team, you'll have the opportunity to work on impactful projects that make a real difference in people's lives. We're looking for talented individuals who are passionate about our mission and share our values of commitment, respect, excellence, accountability, and collaboration.
Role Summary:
The Mortgage Analyst will conduct preliminary review of loan applications, perform due diligence, budget and credit review, and finalize the detailed underwriting necessary for the approval, closing or conversion of loans. They will work with the loan’s stakeholders to identify steps necessary for closing or conversion, and to monitor actions undertaken by all parties to ensure progress. The Mortgage Analyst works closely with the Mortgage Officer(s) and Assistant Mortgage Officer(s) and communicates Field Office priorities to the Portfolio Services Division.
What You’ll Do:
- Perform market research for mortgage offerings and assist Mortgage Officer(s) with writing loan narratives.
- Assist Mortgage Officers with initial and final underwriting for Freddie Mac submissions and Mortgage Committee Approvals, closing and/or conversion.
- Work with Mortgage Officer(s) and Chief Credit Officer to resolve disparities between approvals and supporting documents and reports.
- Act as liaison between borrower, Mortgage Officer and subsidy provider(s) to ensure final underwriting reflects current conditions and the priorities of all stakeholders.
- Determine agenda and actions steps for closing or converting a loan – monitor progress towards closing or conversion.
- Work closely with the Assistant Mortgage Officer(s) to ensure closing packages contain accurate and consistent information.
- Conduct field inspections of construction and renovation projects being carried out with CPC financing.
- As part of due-diligence on new loans, conduct field inspections of borrower and contractor.
- Perform credit and reference checks on borrowers and contractors.
- Assist Mortgage Officer(s) with review of borrower and property financial statements.
- Assist as needed with loan servicing issues. Follow up with borrowers and Portfolio Services division to resolve problems.
- Assist as needed with delinquent loans and REO property dispositions.
- Perform other administrative duties, as required.
Skills and Experience:
- Bachelor's degree in Real Estate Finance / Development, Urban Planning / Policy, Affordable Housing, Community Development, or similar discipline preferred.
- 5 years’ experience in related field preferred; candidates with direct experience in affordable housing finance will be considered.
- Familiarity with underwriting for subsidized residential development.
- Superior communication skills and ability to organize and run meetings / conference calls with borrowers and subsidy providers.
- The ability to successfully work with others as a team, including listening, negotiation, and leadership skills.
- Strong skills in Microsoft Word and Excel.
- Competitive compensation
- 401(k) retirement plans with employer match
- Medical, dental, and vision benefits for employees and their dependents
- Commuter benefits
- PTO for vacation, personal days, sick leave, holidays, jury duty, bereavement, parental leave, and disability
- Tuition assistance program
- Two “work from anywhere” weeks per year
- Summer Fridays
- Collaborative working spaces
- Service days to support our communities
- Employee development and engagement events
- More about our offerings and culture here
This is a hybrid role where you will work from the Chappaqua office two – three days a week. The salary range is $80,000 – $90,000, dependent on experience.
The Community Preservation Corporation is an Equal Opportunity Employer and all employment-related decisions including recruitment, selection, evaluation, promotion, compensation, training and termination are made without regard to race, creed, color, national origin, sex, disability, marital status, status as a veteran, sexual orientation or gender identity, or any other protected status.
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