Lending Analyst I

Pennsylvania Housing Finance Agency; Harrisburg, Northern (Dauphin County, KY); Hybrid; USD 42,000 - 54,000; Full time

Job summary

Pennsylvania Housing Finance Agency seeks an entry-level Lending Analyst I in Harrisburg to determine eligibility of rental housing developments for loan and tax credit financing, applying sound underwriting and market criteria. You will coordinate the multifamily development review process and input into multi-tabbed Excel spreadsheets.

You will act as a liaison between PHFA divisions and developers, ensuring deadlines are met and compliance maintained.

Qualifications

• Entry-level professional with limited or no prior experience.
• Knowledge of federal Low Income Housing Tax Credit (LIHTC) desirable.
• Willingness to travel periodically.

Responsibilities

• Determine eligibility of rental housing developments for loan and tax credit financing using sound underwriting techniques.
• Coordinate all phases of the multifamily development review process and manage data entry in Excel.
• Serve as liaison between PHFA divisions and rental housing developers, ensuring deadlines and compliance.
• Stay current with Section 42 rules and federal housing programs and interpret PHFA regulations.
• Originate correspondence, maintain records, prepare reports, and perform related activities.
• Maintain proposal files and related documentation for funding.

Skills

Loan underwriting

Excel

Liaison / coordination

Regulatory knowledge

Tools

Excel

Job description

## Lending Analyst IApply: Harrisburg, PA: Full time: Posted Yesterday: JR318It's fun to work in a company where people truly BELIEVE in what they're doing!*We're committed to bringing passion and customer focus to the business.*# **Job Description**Determine the eligibility of rental housing developments for loan and tax credit financing using sound land use, environmental issues, market criteria, and prudent loan underwriting techniques.Coordinate all phases of the Agency’s multifamily development review process in a timely, complete, and accurate manner including inputting, editing, and reviewing multi-tabbed underwriting spreadsheets in Excel.Ensure effective coordination and collaboration as the liaison between PHFA’s multifamily divisions and rental housing developers being responsible for all necessary follow up with developers throughout the development process to assure compliance with Agency submission requirements and deadlines from application to project completion.Become well versed in Section 42 of the Internal Revenue Code of 1986, as amended and federal housing programs (including those administered by HUD and Rural Development) and keep apprised of all changes to regulations that are used by the Treasury Department, HUD, and Rural Development.Originate correspondence relating to assigned developments and as required, maintain necessary records, prepare reports, and perform related activities (including data entry) in a timely, complete, and accurate manner, which may include Carryover Allocation Agreements, Subsidy Layering Reviews, Indenture of Restrictive Covenants, and related documents.Interpret PHFA rules and regulations related to tax credit, federal, state, and local funding programs.Responsible for the ongoing maintenance of both the computer and hard copy files for proposals which receive funding.Entry-level professional with limited or no prior experience to contribute on a project or program. Role learns to use professional concepts to resolve problems of limited scope and complexity under close supervision while achieving day-to-day objectives. Works on developmental assignments that are initially routine in nature, requiring limited judgment and decision making. This level is typically focused on self-development. Requires theoretical knowledge through specific education and trainingPerform any and all duties as assigned. Maintaining a physical presence at the office on scheduled workdays is required in order to collaborate more fully with Agency staff.Preferred knowledge of the federal Low Income Housing Tax Credit Program and/or federal housing programs is desirableAbility to travel periodicallyHybrid Work Schedule - Minimum of three days in office required