Description
NeighborWorks Capital is seeking a Senior Loan Officer or Loan Officer (job title and salary dependent upon level of experience) who will be 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 NeighborWorks Capital lending policies and Loan Committee requirements, and minimize organizational risk.
Reports to: Chief Lending and Customer Engagement Officer
The position will be fully remote but requires willingness to travel to NeighborWorks Capital’s corporate office in Silver Spring, MD and for customer visits, industry conferences and events as applicable.
How to Apply
Please email your resume and cover letter as attached files to [email protected] (do not send links to cloud storage such as Google Drive, Dropbox, or OneDrive).
Please name your files using the following format:
[Your Name] – Resume
[Your Name] – Cover Letter
Using this format helps ensure your application is processed efficiently.
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 NeighborWorks Capital’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.
Customer Engagement
- 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.
Requirements
Required Experience
The ideal candidate will bring:
- Senior Loan Officer: 5-7+ years or Loan Officer: 3-5 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.
- Solution driven problem solving.
- 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:
Senior Loan Officer: $130,000- $150,000 or Loan Officer: $115,000-$130,000 depending on experience plus excellent employer-paid benefits package that includes medical, dental, vision, 11 paid holidays, generous 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
For more than 25 years, NeighborWorks Capital – a national non-profit, certified Community Development Financial Institution (CDFI) – has served the NeighborWorks America network of nearly 250 strong, capable non-profit housing and community development organizations in every state,the District of Columbia, andPuerto Rico. Since its inception, NeighborWorks Capital has deployed more than$600 millionin loan capital to support affordable housing development, economic development, neighborhood revitalization, and community services across the country. S&P Global Ratings has assigned NeighborWorks Capital an issuer credit rating of “A+/Positive,” citing strong capital adequacy, profitability, liquidity, and financial management. NeighborWorks Capital has been Aeris-rated since 2011, currently holds a four-star Impact Management rating, and an AA Financial Strength and Performance Rating, indicating robust financial capability and risk management.
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.
How to Apply
Please email your resume and cover letter as attached files to [email protected] (do not send links to cloud storage such as Google Drive, Dropbox, or OneDrive).
Please name your files using the following format:
[Your Name] – Resume
[Your Name] – Cover Letter
Using this format helps ensure your application is processed efficiently.
