Loan Closing Specialist
About The Position
The Loan Closing & Servicing Specialist will be central to the lending process, responsible for transforming approved loans into closed deals and managing them effectively. This role involves managing a diverse portfolio of loans for various projects including affordable and market-rate housing, community facilities, and other mission-critical community development initiatives. The ideal candidate is precise, adept at managing multiple tasks, and eager to build strong relationships with borrowers, legal professionals, loan officers, and community partners while contributing to economic and community development. Cincinnati Development Fund seeks a candidate with creativity, diligence, enthusiasm, a growth mindset, and a passion for making a tangible community impact.
Requirements
- 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.
- 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.
Nice To Haves
- Experience with affordable housing, multifamily lending, or community development finance strongly preferred.
- Familiarity with LIHTC, HTC, NMTC, and other publicly supported housing initiatives preferred.
Responsibilities
- Coordinate and facilitate the loan closing process for 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.
Benefits
- 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
- Tuition reimbursement
- Technology stipend
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Education Level
Associate degree
