Loan Closing Specialist

Ohiocdc; Cincinnati (OH); Hybrid; USD 55,000 - 65,000; Full time

Benefits offered by this job

Hybrid schedule

Paid time off

Medical insurance

Dental insurance

Vision insurance

Disability insurance

401(k) retirement plan (403(b))

Life insurance

Job summary

Cincinnati Development Fund seeks a Loan Closing & Servicing Specialist in Cincinnati, OH to turn approved loans into closed deals and manage assets across housing and community projects.

You'll coordinate closing activities, maintain documentation, and collaborate with borrowers, attorneys, and internal teams to ensure accurate compliance and timely reporting. Hybrid work with in-office and remote days, competitive benefits.

Qualifications

• Associate or Bachelor's degree in Business Administration or Finance; paralegal cert a plus.
• Minimum 3 years in loan closing/servicing or related fields.
• Experience with affordable housing or community development preferred.
• Familiarity with LIHTC, HTC, NMTC and housing initiatives preferred.

Responsibilities

• Coordinate loan closing across a varied portfolio including housing and community projects.
• Develop closing checklists and prepare loan forms and due diligence materials.
• Serve as primary liaison among borrowers, attorneys, and loan officers.
• Review loan documents for term accuracy and policy compliance.
• Enter and maintain loan data in lending systems; provide status updates.
• Support loan servicing activities and processing of ongoing transactions.

Skills

Numbers

Problem solving

Teamwork

Customer service

Communication

Education

Associate degree

Bachelor's degree

Tools

CRM systems

Microsoft Office

Job description

Salary: $55,000.00 - $65,000.00 Annually

Application Deadline: Oct 30, 2026

Community Development Corporation

Career Opportunity: Loan Closing Specialist with Cincinnati Development Fund in Cincinnati, OH

Are you a detail-driven problem-solver who wants your work to translate directly into new homes, nonprofits, and thriving neighborhoods?

As our Loan Closing & Servicing Specialist, you will sit at the center of the lending process, turning approved loans into closed deals and closed deals into well-managed, high-performing assets. You'll manage a dynamic portfolio spanning predevelopment, acquisition, construction, and permanent loans across affordable and market rate housing, community facilities, and other mission-critical community development projects.

This is a role for someone who takes pride in precision, thrives on juggling multiple moving pieces, and wants to build real, lasting relationships with borrowers, attorneys, loan officers, and community partners while advancing economic and community development. We're looking for a candidate with creativity, diligence, enthusiasm, a growth mindset, and a genuine passion for making a meaningful, measurable community impact.

What You’ll Do

Loan Closing

• Coordinate and facilitate the loan closing process across a varied portfolio including predevelopment, acquisition, construction, and permanent loans for affordable and market rate housing, mixed-use developments, nonprofits, and other community and economic development projects.
• Develop and maintain closing checklists; collect, prepare, and review required loan forms, documentation, and due diligence materials.
• Serve as the primary point of contact among loan officers, borrowers, attorneys/legal counsel, and third-party partners throughout the closing process.
• Partner with legal counsel on loan document preparation, review, and collection of post-closing items.
• Review loan documents to confirm accurate implementation of approved loan terms and compliance with CDF's Lending Policy.
• Confirm project details at loan closing to ensure accurate compliance reporting.
• Coordinate disbursement of closing funds and related third-party payments.
• Enter, review, and maintain loan data and closing records in lending systems.
• Provide regular updates on closing status and progress to internal stakeholders.
• Support day-to-day loan servicing activities and procedures.
• Assist loan officers, asset managers, and Finance in processing ongoing loan transactions.
• Support construction loan budget management and related disbursement processing.
• Assist with borrower reporting and project documentation collection.
• Maintain loan records and systems to reflect transactions, modifications, status changes, and repayments.
• Support other servicing needs and special projects as assigned.

How You’ll Know You’re Succeeding

• Loan closings are completed on time and meet department production goals.
• Loan documentation and files are accurate, complete, and well organized.
• You manage multiple priorities efficiently without sacrificing quality.
• Borrowers and internal partners report a high level of satisfaction with your responsiveness and service.
• You contribute to a collaborative, team-oriented culture.
• You model accountability, ownership, and follow-through.
• You build strong working relationships with colleagues and external partners.

What You Bring

Education & Experience

• Associate or Bachelor's degree in Business Administration, Finance, or a related field required; paralegal certification is a plus.
• Minimum of 3 years of experience in loan closing, loan servicing/operations, banking, title/escrow, or real estate transactions.
• Experience with affordable housing, multifamily lending, or community development finance strongly preferred.
• Familiarity with LIHTC, HTC, NMTC, and other publicly supported housing initiatives preferred.

Skills & Attributes

• Strong aptitude for numbers, problem-solving, and teamwork.
• Excellent customer service and communication skills.
• Ability to manage multiple projects and deadlines with strong attention to detail.
• Proficiency with loan servicing/CRM systems and Microsoft Office.
• Strong written, verbal, and interpersonal communication skills.

What We Offer

• Competitive pay: $55,000-$65,000, depending on experience and qualifications
• Hybrid schedule with three days in office and two days remote
• Generous paid time off
• Medical, dental, and vision insurance
• Long-term and short-term disability insurance
• 403(b) retirement plan with company contribution
• Company-paid life insurance

About Cincinnati Development Fund

Cincinnati Development Fund is a 501(c)(3) nonprofit lending institution that fills a gap not covered by traditional lenders. CDF provides funding for real estate development in underserved markets in the Greater Cincinnati area, as well as facilities and equipment funding for nonprofit organizations throughout the region.

CDF's mission is to provide innovative real estate financing for projects that strengthen low-income neighborhoods and improve lives. Our vision is to be at the forefront of redevelopment plans in Greater Cincinnati, helping low-income communities preserve historic buildings and create vibrant, inclusive neighborhoods.

A certified Community Development Financial Institution (CDFI) and Community Development Entity (CDE), Cincinnati Development Fund is an equal opportunity employer and an equal opportunity provider.