Commercial Loan Closer
IFF (CDFI)
Commercial Loan Closer – Affordable HousingThe Commercial Loan Closer (Affordable Housing) is responsible for coordinating and facilitating the loan closing process for affordable housing and related loan programs. This role ensures accurate documentation, compliance with loan approvals, and efficient closing execution while maintaining organized and complete loan files. This position serves as a key liaison among internal teams, borrowers, legal counsel, and third-party partners, ensuring timely communication and high-quality customer experience throughout the closing process.IFF is looking for candidates with a commitment to the work we do who can demonstrate their creativity, diligence, enthusiasm, growth-mindset, thoughtfulness, and passion to make meaningful changes in the areas of economic and racial justice.The primary responsibilities include:Interacts directly with customers on loan closing requirements and closings.Develop closing checklists and collect required due diligence documentation.Maintains and reviews loan-closing documents and relevant files.Works with IFF attorneys and/or outside legal counsel in all aspects of loan document preparation and review of other items for closings.Additional duties include:Works with IFF attorneys and/or outside counsel to collect post-closing documents from title companies to ensure timely filings.Makes available progress and status of loan closings for IFF staff through regular updates on IFF systems and through communications.Uses IFF systems including Microsoft Dynamics CRM, Smartsheet, Microsoft Office, Microsoft Outlook, Loan Ware in performing job duties and responsibilities.Maintains required job knowledge and skills and core professional competencies. Attends and participates in required educational programs and staff meetings.Demonstrates a commitment to equity, diversity, and inclusion. Promotes an environment of empathy and respect, ensures the inclusion of all team members, and will actively engage in EDI events and learning opportunities.Position qualifications include:Education: Bachelor's or associate Degree required in business administration, finance, or paralegal certification preferred. Minimum of 1-3 years of experience in loan closings, loan operations, banking, title/escrow, or real estate transactions. Exposure to affordable housing, multifamily lending, or community development finance preferred, including familiarity with programs such as LIHTC and other publicly supported housing initiatives.Previous Experience: Direct experience with commercial lending; excellent customer service and communication skills for one-on-one interaction with borrowers; ability to manage multiple projects; ability to learn and use a wide variety of computer software including word processing, database programs, spreadsheets, customer management, email and bank systems; detailed oriented with good communication (written and oral) and interpersonal skills.Additional Requirements: Minimal regional travel may be required.Standard benefits include:Medical, dental, and vision insurancePaid time off401(k) retirement plan with employer contributionLife InsuranceShort- and long-term disabilityWork-life balance benefits:Hybrid workplaceSummer FridaysEmployee development benefits:Professional development stipendMentorship programMiscellaneous:Wellness programsEmployee assistanceReferral BonusesIFF does not offer:Relocation package100% remoteProvide sponsorship to applicants who require or will require a work permit.Check off only some boxes in the requirements listed above. Studies have shown that marginalized communities- such as women, LGBTQ+ and people of color - are less likely to apply to jobs unless they meet every qualification. So, if you're excited about this role, we encourage you to apply.Application instructions: Please visit the Careers section of our website to apply online.IFF values equity, diversity, and inclusion as part of its mission to strengthen nonprofits and the communities they serve. IFF is an equal opportunity employer and is committed to building and maintaining a culturally diverse workplace that is free of discrimination and harassment of any kind. We encourage women, minorities, individuals with disabilities and veterans to apply. All qualified applicants will receive consideration for employment without regard to race, religion, color, national origin, sex, sexual orientation, gender identity, age, veteran status, or any other status protected by the laws or regulations in the locations where we operate.
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