Loan Processor I

New Mexico Mortgage Finance Authority•Albuquerque, NM

1d•$47,000 - $52,000

About The Position

Support the Housing Development Program Managers by performing a broad range of analytical, coordinating, and monitoring tasks related to the housing development department’s loan and grant programs for new construction and rehabilitation of affordable housing. This includes initial document preparation, loan/grant closings, filing, record keeping, dealing with clients and internal departments such as servicing and accounting.

Requirements

High school diploma; three years’ experience in commercial/multifamily loan documentation, processing and lending, closing loans, title work and/or related fields.
Bachelor’s degree may substitute for work experience.
Valid NM Driver’s License
Ability to multi-task
Work independently
Balance competing requirements and needs of client organizations
Handle common inquiries or complaints
Exercise good judgment and focus on detail as required by the job
Knowledge of and experience in title searches and escrow procedures
Perform mathematical calculations and analyze data
Operate standard office equipment, such as computer keyboards and monitors, copiers, scanners, and telephone
Use (or learn to use) computer software and systems applicable to the position
Follow oral and written instructions and procedures
Collect, organize, and interpret data and prepare accurate records
Compare data from a variety of sources for accuracy and completeness
Organize large volumes of detailed data and information
Verify and maintain accuracy of detailed data and information, detect data errors
Meet schedules and deadlines of the work unit
Communicate in English effectively orally and in writing
Maintain well-organized materials, files, systems and tools
Adapt to changes in work situations and priorities
Reason/analyze; use logic to identify and resolve problems
Evaluate, organize, and summarize data and information
Must be highly attentive to detail and possess the ability to handle multiple tasks and stressful situations with diplomacy

Nice To Haves

Relate to and interact with a non-traditional and diverse customer and employee population
Provide Exceptional Customer Service to internal and external customers 100% of the time.
Demonstrate a positive attitude
Demonstrate respectful behavior
Foster teamwork and collaboration
Exhibit honesty and integrity in communications and actions
Take initiative
Dependable, Reliable, Adaptable and Productive
Strive to become the subject matter expert in your position

Responsibilities

Manage and track all stages of loan pipeline, coordinating workflow with other Loan Processors, Program Coordinators, and Development Loan Managers.
Prepare and maintain accurate internal and external use reports. Ensure reports are generated regularly and on schedule.
Order third party reports such as credit bureau reports, appraisals, etc.
Review and determine completeness of loan application materials per checklist. Process and track external funding requests and approvals.
Coordinate loan/grant related interdepartmental activities and loan closing, providing or requesting information as needed.
Prepare closing checklists and prepare accurate initial loan/grant documents consistent with loan approvals and program policies for Development Loan Manager review.
Determine applicability of loan closing checklist requirements and communicate requirements to applicants
Review draw requests according to written procedures and determine funding recommendations, which must be supported by documentation.
Complete all files according to established file management system and checklists and maintain detailed record keeping systems.
Work with the clients and funding partners to obtain required documentation in a timely manner.
Prepare check requests and invoices. Process invoices for payment from direct cost accounts, maintains documentation and balances with accounting department on a regular basis.
Prepare and distribute loan documentation such as loan award letters, deficiency notices, preliminary and final rejection/award letters, Land Use Restriction Agreements, etc.
Perform other related duties of a similar nature and level as assigned.
Employees are required to comply with safety regulations, procedures, and protocols.