Loan Servicing & Closing, Sr. Associate

Enterprise is a national nonprofit that exists to make a good home possible for the millions of families without one. We support community development organizations on the ground aggregate and invest capital for impact advance housing policy at every level of government and build and manage communities ourselves. Since 1982 we have invested $80.9 billion and created 1 million homes across all 50 states the District of Columbia Puerto Rico and the U.S. Virgin Islands all to make home and community places of pride power and belonging.

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Working at Enterprise

At Enterprise youll be part of a diverse committed team making a difference every day. You will collaborate with some of the smartest minds and biggest hearts in our field. Youll be empowered to drive systems change and take bold steps to advance racial equity. And you will find a career home where youre valued and supported in your growth journey.

Enterprise offers career opportunities in our offices across the country with anexceptional benefits package.

Job Description Summary

Job Description

Responsibilities

Loan Closing

• Manages and assists with collecting preparing reviewing and processing loan forms and documents (checklists statements documents etc.) during the closing process.
• Serves as point of contact to loan officers borrowers and external partners.
• Enters reviews and/or maintains loan data systems.
• Reviews loan documents to ensure accurate implementation of key loan terms per the loan approval and closing process.
• Reviews insurance policies to ensure compliance with the Loan Funds Lending Standards and Guidelines.
• Prepares and maintains loan closing checklists; works with Legal and loan officers to ensure all loan closing conditions have been met and approved by appropriate/authorized parties.
• Works with the Finance and Capital Management staff to set-up new loans and programs in the Loan Funds lending databases.
• Coordinates funds for disbursement required at loan closing as well as related third-party payments.
• Ensure loan records systems and tasks are complete for loan closings.

Loan Monitoring/Servicing

• Administers and manages duties under loan servicing activities to ensure procedures are properly and efficiently carried out.
• Work with loan officers asset managers and finance to review and process loan transactions including regular loan disbursement requests vendor payments and other miscellaneous transactions as required under the project.

• Assist loan officers and asset managers with construction loan budget management prepare and process related disbursement.
• Assist asset managers with collection of reporting or other loan/project related items.
• Update loan information and systems/records as necessary under the loan to reflect modifications relevant transactions status changes and repayments.
• Review and manage ongoing insurance requirements.
• Support other servicing needs and projects as necessary.

Program Management

• Assists with the administration of specific portfolio lending programs to including but not limited to reporting tracking and maintenance of data as required.

Qualifications

• A minimum of at least four (4) to six (6) years of relevant experience in loan administration and loan monitoring/servicing.
• Undergraduate degree with a major in business administration finance accounting or related field a plus.
• Must be detailed oriented proficient at working with and improving systems and possess strong aptitude with numbers.
• Demonstrated knowledge of real estate and construction lending; affordable housing and community development; and corporate and real estate insurance.
• Strong oral and written communication skills.
• Expert MS Office and Outlook skills.
• Knowledge of Salesforce and/or Precision LM (LMS) system is a plus.
• Strong ability to establish and maintain systems for organizing work; well-developed time management skills and ability to meet stringent deadlines and time constraints in a busy department.
• Mature judgement and demonstrated ability to work with minimal supervision in a fast-paced department.
• Demonstrated professionalism diplomacy and composure; flexible and able to adapt to a variety of situation.

Salary Transparency

You will be joining a team of talented professionals motivated by serving the community and addressing the need for affordable housing.

Enterprise offers a comprehensive total rewards package for you and your family. The pay range for this position is $75000 $90000. The salary range represents the low and high end of what may be paid for this position. It is not typical for an individual to be hired at or near the top of the pay range and compensation decisions may be influenced by a variety of factors including skills qualifications experience and location.

Total Rewards at Enterprise

This range is just one component of our total rewards package which also includes annual performance bonuses and generous paid leave programs.

Our benefits form a major part of the total rewards package. These include dental health and vision care plans as well as family-building benefits such as adoption and surrogacy support. Enterprise supports flexible work arrangements to promote work-life balance and offers health advocacy an Employee Assistance Program (EAP) and mental health benefits. We round out our package with financial education wellness programs and auto-enrollment in the companys 401(k) plan with employer matching contributions.

Finally you will have access to learning and development opportunities including tuition reimbursement for job-related courses and certifications. Thank you for your interest in joining the Enterprise team and contributing to our mission to serve others.

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