Community Preservation Corporation Assistant Mortgage Officer supports origination, closing, and conversion of multifamily loans with due diligence and document management. Acts as Office Manager for Central Region/Syracuse field office.
Responsibilities
Prepare closing and other related packages including: Construction and Permanent Loans (including conversions), Freddie Mac, and SONYMA for submission to the Portfolio Services department.
Order, review and track third party reports. Prepare environmental report memos. Review construction contracts, insurance binders and other items needed for closing/conversions.
Review loan applications and complete due diligence on Borrower and their development teams such as reference and credit checks.
Prepare term sheets and commitment letters in cooperation with mortgage officers after the approval of loans. Review SONYMA commitments after they are issued for pension fund permanent loans.
Oversee scanning of documents to document management system (Navigator).
Perform market research as needed for individual projects.
Maintain and frequently update Loan Pipeline status.
Work with Closings Coordinator, Borrower and their team, and Mortgage Officer to complete the closing package. Provide loan closing checklists, and update items as they are received until the closing file is complete.
Participate in conference calls regarding all loan closings and work with Borrower and PSD to schedule closing dates.
Work with the External Affairs Department and mortgage officers to maintain contact lists, schedule and coordinate events, conferences and sponsorships and purchase event tickets.
Act as Office Manager to order supplies, process invoices and expense reports, schedule travel, staff meetings, and perform other administrative duties, as required.
Maintain all office administrative and project files.
Qualification
Strong proficiency in Microsoft Word
Required
Undergraduate degree with 3+ years of experience in multifamily loan processing and documentation preferred; candidates with 1+ years of strong mortgage or loan processing experience will also be considered.
Understanding of multifamily loan processing and documentation.
Comprehension of the elements of a mortgage offering, and a clear understanding of the steps necessary to successfully close a deal.
Strong proficiency in Microsoft Word, Excel and PowerPoint.
Analytical Ability – Applies strong analytical ability to loan processing, documentation, due diligence, and closing/conversion readiness.
Communication Skills – Uses superior communication skills to communicate clearly with internal and external parties.
Customer Service – Provides excellent customer service to borrowers, internal partners, and other stakeholders.
Teamwork and Collaboration – Successfully works with others as a team, including listening, negotiating and leadership skills.
Project & Time Management – Multi-tasks and prioritizes responsibilities across loan packages, third party reports, pipeline status, and office administration.
Initiative – Shows initiative and acts as a self-starter when supporting mortgage officers and office needs.