Commercial Loan Officer II/III

Colorado Springs, CO, United States

Job Details Job Location Colorado - , CO Salary Range $84,000.00 - $134,000.00 Salary Description position Commercial Loan Officer II/III (Position level based on candidate experience and skill level) division/department Community Development Lending position close date March 15, 2024 classification Exempt nature of position Underwrites projects for eligibility, presents projects for approval, and coordinates the processes leading toward closing. The position reports to the Manager of Commercial Operations & Underwriting. essential functions Lead in recommending and managing CHFA Credit Policy changes. Includes serving as CD's liaison to Asset Management to understand strengths and weaknesses within CHFA's existing multifamily loan portfolio. Perform ongoing risk analysis of CHFA's multifamily products and services with the origination team. Present facts and offer opinions/recommendations to production personnel concerning the prospect's creditworthiness during weekly team meetings. Lead in structuring taxable and tax-exempt bond-funded transactions under HUD 542 (c) Risk Sharing, FHA fully insured mortgages, and other federal/state programs, including the issuance of multifamily Ginnie Mae Securities. Independently evaluate and underwrite construction and permanent loan applications, including 9% and 4% Low Income Housing Tax Credit (LIHTC) transactions by assessing such areas as current rental housing market conditions, project development team, rental income and operating expense, operational projections, project development budget and adjust according to industry standards and/or program requirements, as appropriate. Analyze with the CHFA Review Appraiser, appraisals and/or market studies, project entitlements, and other documents to determine compliance with all applicable loan and/or grant program and/or underwriting guidelines. Communicate with borrowers, lenders, loan closers, and others regarding loan status and assist with the information flow from production to underwriting, loan approval, and funding/post-disbursements. Be a resource for borrowers, lending partners, and other industry professionals internally on affordable housing matters through workshops, conferences, meetings, and one-on-one contacts. Represent CHFA and the division by serving on internal committees and cross-functional teams, as well as representation on external boards and committees. Participate in and contribute to select activities and/or projects that directly support CHFA in fulfilling its mission and achieving its vision through dedication to the community CHFA serves, operational excellence, and fiscal responsibility. Oversee other special projects and perform all other duties as assigned. Qualifications knowledge, skills, and ability Must possess: Strong knowledge of real estate principles and generally accepted accounting practices, principles, procedures, and regulations/laws related to governmental affordable rental housing programs. Strong knowledge and prior experience with federal tax credit programs, private activity bonds, construction lending, as well as state and federal financing tools; maintain or ability to easily obtain specific industry certifications such as Multifamily Accelerated Processing (MAP), National Development Council (NDC), and others as appropriate. Working knowledge of commercial loan closing documentation. Proficient in the use of PC-based applications including, but not limited to, Excel, Word, financial software, SharePoint, and PowerPoint. Strong organizational and time management skills to ensure realistic deadlines for tasks, projects, and schedules are met. Strong customer service and team building skills and willingness to participate within cross-functional teams. Innovative and creative thinking skills to develop customer-centric solutions based on internal and external feedback Willingness to participate in formal training, educational programs, and professional organizations to enhance working relationships, knowledge, and skills. Ability to analyze financial statements for loan viability, including learning and utilizing software and spreadsheets associated with underwriting models. Ability to develop and sustain relationships within the community, exercising a high level of professionalism and tactful judgment. Ability to communicate, both orally and in writing including strong public speaking skills with internal and external audiences (in person, live and recorded webinar trainings). Ability to continuously improve and develop knowledge and skills, while adapting quickly to changing circumstances and processes. Ability to work towards inclusion in all activities, and decisions through the solicitation and appreciation of diverse perspectives. Ability to exercise personal accountability in all activities and decisions. Ability to embrace a culture of operational excellence to ensure processes are continually evaluated and improved as necessary. Ability to operate with a sense of integrity. Ability to establish rapport with persons of diverse ethnic, racial, and cultural backgrounds is essential. experience/education Require a minimum of seven years of work experience as a loan underwriter specializing in affordable housing multifamily loan underwriting or related fields. Experience with tax exempt bonds, federal tax credits, Federal Housing Administration (FHA) such as 542 (c) Risk Sharing Insurance, Multifamily Accelerated Processing (MAP), Fannie Mae, Freddie MAC and other state and federal financing tools required Requires a bachelor's degree or higher, preferably in real estate finance, finance, business or economics, or equivalent experience Candidates who are bilingual in Spanish will be given preference in the screening process. Must have or be able to obtain Colorado driver's license equipment used Telephone, personal computer, computer hardware equipment, audio visual equipment, calculator, photocopy and fax machine, Smartphone, and vehicle. physical environment While in a CHFA office, the incumbent in this position will perform the essential functions of the position, primarily in an office environment, which requires sitting at a desk most of the day with or without accommodation. There is a minimum of 10-20% statewide travel, with occasional out-of-state and overnight travel. validation statement This job description is a general description of essential job functions. It is not intended as an employment contract nor to describe all duties someone in this position may perform. hiring range $84,000 - $121,000 Commercial Loan Officer, II $92,000 - $134,000 Commercial Loan Officer, III Plus, an annual bonus benefit information Comprehensive medical, dental, and vision insurance plans with competitive rates Generous Paid Time Off, including paid volunteer time and leave programs Please visit our benefits page for additional information: https://www.chfainfo.com/careers/compensation how to apply Internal candidates: Please email your resume along with an internal job application to kkayhillchfainfo.com External candidates, Please apply online at www.chfainfo.com - Careers Tab. With respect to its programs, services, activities, and employment practices, Colorado Housing and Finance Authority prohibits unlawful discrimination against applicants or employees on the basis of age 40 years and over, race, sex, sexual orientation, gender identity, gender expression, color, religion, national origin, disability, military status, genetic information, marital status, pregnancy, or any other status protected by applicable federal, state or local law. Requests for reasonable accommodation, the provision of auxiliary aids, or any complaints alleging violation of this nondiscrimination policy should be directed to the nondiscrimination coordinator, 1.800.877.2432 , TDD/TTY 303.297.7305, CHFA 1981 Blake Street, Denver CO 80202-1272, available weekdays 8:00 a.m. to 5:00 p.m.

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