This 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.
ESSENTIAL DUTIES & RESPONSIBILITIES
- Manage and track all stages of loan pipeline, coordinating workflow with other Loan Processors, Program Coordinators, Program Managers and Tax Credit Manager.
- 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 LIHTC and/or 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 LIHTC and/or 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 and tax credit documentation such as loan award letters, deficiency notices, preliminary and final rejection/award letters, Land Use Restriction Agreements, etc.
- Prepare 8609 forms for issuance, etc.
- Prepare LIHTC land use restriction agreement and LIHTC land use restriction agreement amendments, etc.
- Prepare and enter into appropriate underwriting tab a summary of the market study provided with each LIHTC and/or loan application.
- Perform other related duties of a similar nature and level as assigned.
- Employees are required to comply with safety regulations, procedures, and protocols.
Education and Experience - Bachelor's in business administration, real estate, urban studies/planning or closely related field and three or more years of relevant work experience in commercial loan processing or real estate. May substitute four or more years of relevant work experience in commercial loan underwriting/processing, lending and credit analysis, or real estate development for education requirement.
Conditions of Employment - Valid NM Driver's License