Portfolio Associate, Community Loans

Enterprise Community Partners

New York (NY)

On-site

USD 68,000 - 86,000

Full time

14 days+

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Job summary

Enterprise Community Loan Fund (ECLF) is seeking a proactive Portfolio Associate to support loan closings, servicing and lending program activities across a range of affordable housing and community development projects. You will review documents, coordinate with lenders and borrowers, monitor loan data, and help ensure compliance with loan terms while maintaining strong numbers and teamwork.

This role offers a comprehensive benefits package and opportunities to contribute to housing equity and

Qualifications

Undergraduate degree or 2+ years of relevant experience in loan administration and loan monitoring/servicing.
Must be detailed oriented, proficient at working with and improving systems, and possess strong aptitude for numbers.
Working knowledge in at least one of the following areas: real estate and construction lending; affordable housing and community development; and corporate and real estate insurance.
Strong and effective communication, analytical, sound decision-making, organizational, follow-up, and customer service skills.
Solid MS Office and Outlook skills.
Knowledge of Salesforce and/or Precision LM (LMS) system is a plus.
Strong organizational and time management skills; ability to meet stringent deadlines and time constraints in a busy department.

Responsibilities

Participate in the loan closing process as a member of the closing team and serve as point of contact to loan officers, borrowers and external partners as needed.
Collect, prepare and/or review loan documentation prior to closing to ensure accurate implementation of key loan terms per the loan approval process.
Review, enter and maintain loan data in business systems as appropriate or necessary.
Review loans to determine appropriate insurance requirements and to ensure borrower policies are in compliance with the Loan Fund’s guidelines.
Prepare and support management loan closing checklists and checklist items; work with Legal to ensure all loan closing conditions have been met and approved by appropriate/authorized parties.
Coordinate funding of disbursements and payments required through-out and at loan closing.
Ensure all tasks required to finalize loan closings are complete including the management of retained documents, review of loan records for accuracy and preparation for post-closing responsibilities.