Senior Agency Loan Processor (Multifamily Lending)
About The Position
The Community Preservation Corporation (CPC) is a nationally recognized leader in affordable housing finance, dedicated to stable and sustainable affordable housing as the foundation of strong communities. Since 1974, CPC has provided capital to underserved housing markets throughout New York State and is the largest CDFI solely committed to investing in multifamily housing, having invested over $15 billion to finance more than 230,000 units. CPC Mortgage Company is CPC’s Agency lending subsidiary and is the only nonprofit-owned multifamily lender offering a suite of Freddie Mac, Fannie Mae, and Federal Housing Administration (FHA) multifamily mortgage products nationwide. This role provides loan processing support for the Agency lending team, working with Underwriting Analysts, Underwriters, and the Freddie Mac/Fannie Mae and Originations teams on loan application setup and package submission. The ideal candidate is highly organized, proactive, and comfortable managing multiple deals with competing deadlines.
Requirements
- Bachelor’s degree with 5+ years of relevant multifamily real estate finance or loan processing experience preferred.
- Strong analytical, problem-solving, organizational, and multitasking skills.
- Strong knowledge of Freddie Mac, Fannie Mae, affordable housing, and/or conventional multifamily lending programs, including documentation, underwriting, and closing requirements.
- Demonstrated ability to independently manage multiple complex transactions simultaneously while meeting deadlines in a fast-paced environment.
- Ability to work both independently and collaboratively, taking ownership of processes and driving transactions from inception through closing with minimal oversight.
- Advanced proficiency in Microsoft Office Suite (Excel, Word, PowerPoint, Outlook), Adobe Acrobat, and loan origination or underwriting systems.
- Applicants must be authorized to work in the United States.
- Candidates are responsible for ensuring they meet all minimum qualifications for the position at the time of application.
Responsibilities
- Independently coordinate and manage meetings, property site visits, due diligence activities, and key transaction milestones to support loan originations and underwriting efforts.
- Assist in preparation, review, and submission of CPC applications, underwriting packages, Agency Multifamily loan processing documentation, and related materials, ensuring accuracy, completeness, and compliance with program requirements.
- Serve as a primary point of contact among Underwriters, Analysts, Originators, Agency Multifamily representatives, borrowers, and third-party vendors to drive transactions forward and proactively resolve issues.
- Independently assess documentation requirements for new loan originations and ensure all underwriting package components are collected, reviewed, and submitted within established deadlines.
- Manage and oversee outstanding items lists and due diligence tracking, proactively communicating with borrowers, sponsors, and internal stakeholders to ensure timely delivery of required documentation.
- Maintain, validate, and reconcile information within agency, company, and loan origination systems, ensuring data integrity throughout the transaction lifecycle.
- Partner closely with Underwriters and Originators to ensure complete submissions and the preparation of materials for internal and external approval processes.
- Coordinate the ordering, monitoring, and distribution of third-party reports, ensuring timely delivery and resolution of issues that may impact underwriting or closing timelines.
- Monitor changes to Freddie Mac, Fannie Mae, CPC, and other applicable program requirements and provide recommendations to enhance internal processes and controls.
- Conduct comprehensive reviews of loan files to confirm completeness, identify potential submission concerns, and escalate material issues as appropriate.
- Participate in special projects, process improvement initiatives, training efforts, and other strategic departmental objectives.
Benefits
- Competitive compensation
- 401(k) retirement plans with employer match
- Medical, dental, and vision benefits for employees and their dependents
- Commuter benefits
- PTO for vacation, personal days, sick leave, holidays, jury duty, bereavement, parental leave, and disability
- Tuition assistance program
- Two “work from anywhere” weeks per year
- Summer Fridays
- Collaborative working spaces
- Service days to support our communities
- Employee development and engagement events
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What This Job Offers
Job Type
Full-time
Career Level
Senior
