Loan Modification & Post‑Closing Coordinator (CRE)
About The Position
The Community Preservation Corporation (CPC) believes stable and sustainable affordable housing is the foundation of strong communities and we strive to contribute to comprehensive neighborhood revitalization through our lending and partnerships. A nationally recognized leader in affordable housing finance, CPC has provided a consistent source of capital to underserved housing markets throughout New York State since our inception in 1974. Today, CPC stands as the largest CDFI solely committed to investing in multifamily housing, having invested more than $15 billion to finance the creation and preservation of more than 230,000 units of quality housing in neighborhoods across New York State and beyond. CPC has a robust construction lending platform, a mortgage bank, and equity and impact investment platforms that focus on our three goals: Expanding Affordable Housing, Closing the Racial Wealth Gap and Investing in the Green Economy. As a member of our team, you'll have the opportunity to work on impactful projects that make a real difference in people's lives. We're looking for talented individuals who are passionate about our mission and share our values of commitment, respect, excellence, accountability, and collaboration. The Closing Coordinator role provides operational support and coordination for loan modifications within CPC’s community stabilization portfolio. This position oversees modification intake, tracking, document coordination, and post-closing quality control to ensure all modification requests are accurately documented, compliant with FDIC and internal requirements, and processed in a timely manner. The Closing Coordinator works closely with Servicing, Asset Management, Legal, Borrowers, and external partners to support efficient portfolio management and maintain high data quality across all systems.
Requirements
- Bachelor’s degree in business, Finance, Real Estate, or a related field; equivalent experience considered.
- 3–5+ years of experience in loan closing, servicing, asset management, or commercial real estate finance.
- Strong understanding of loan documents, commercial real estate terminology, workout/modification structures.
- Ability to interpret, analyze, and succinctly summarize legal and financial documents.
- Exceptional attention to detail with the ability to manage multiple time-sensitive priorities in a fast-paced environment.
- Strong analytical, problem-solving, organizational, and project-management skills.
- Excellent communication skills with a customer-service mindset and responsive follow-through; effective working with cross-functional teams.
- Proficiency with loan servicing or banking systems and strong MS Office skills (Outlook, Excel, Word); working knowledge of escrow, tax, insurance, and covenant compliance processes.
Responsibilities
- Manage intake, tracking, and coordination of loan modification requests, ensuring completeness, eligibility, and compliance with internal policies, investor requirements, and regulatory standards.
- Prepare, assemble, and coordinate modification documentation—including amendments, extensions, rate changes, covenant updates, and collateral adjustments through internal review, approval, and execution.
- Serve as the primary point of contact for modification-related coordination across Asset Management, Servicing, Legal, Credit, Finance, borrowers, and third-party partners.
- Oversee the execution, receipt, recording, and filing of modification documents, ensuring accuracy of loan terms, fees, escrow requirements, and repayment schedules.
- Perform post-closing quality control, including verification of document accuracy, servicing system updates, billing setup, and resolution of post-closing discrepancies.
- Monitor timelines and proactively manage deadlines to support timely completion of modification requests.
- Identify process gaps or risks and collaborate with internal stakeholders to improve workflows, controls, and data quality.
- Support portfolio management efforts by ensuring accurate, reliable modification data across systems and reporting platforms.
- Maintain organized electronic records and support audits, examinations, and internal reviews in accordance with documentation retention and control standards.
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Number of Employees
101-250 employees
