Commercial Loan Officer (Underwriter)

Commercial Loan Officer (Underwriter)

Colorado Housing And Finance Authority (CHFA)

Denver, Colorado

The person in this position will underwrite Multifamily Commercial Lending projects for eligibility, present projects for approval, and coordinate the processes leading toward closing. The position reports to the Manager of Multifamily Lending.

Core desired skills:

• Private Activity Bond and Tax-Exempt Financing
• Federal Tax Credit Programs
• Analyze Financial Statements
• Communication and Stakeholder Collaboration
• Affordable Housing Programs
• Commercial Loan Closing Documentation

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 the HUD 542 (c) Risk Sharing program, CHFA internally funded programs, and other federal/state programs.
• 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, and project development budget and structuring the potential loan 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.
• Present potential loans for approval to the CHFA Loan Committee and Board, when appropriate.
• 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.

Knowledge, skills, and ability:

• 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, and state and federal financing tools.
• 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).

Abilities that reflect our values:

• 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 have fun with a demonstrated sense of humor
• Ability to establish rapport with persons of diverse ethnic, racial, and cultural backgrounds

Experience/education:

• Require a minimum of four (4) years of work experience as a loan underwriter specializing in affordable housing multifamily loan underwriting or related fields.
• Experience with tax-exempt bonds, federal and state tax credits, Federal Housing Administration (FHA) programs such as 542 (c) Risk Sharing Insurance, Fannie Mae, Freddie MAC, and other state and federal financing tools preferred.
• Bachelor's degree or higher preferred, preferably in real estate finance, business, or economics, or equivalent experience.
• Salesforce experience a plus
• Candidates who are bilingual in Spanish will be given preference in the screening process.
• Must have or be able to obtain a Colorado driver's license.

Equipment used:

• Telephone, personal computer, computer hardware, audiovisual equipment, calculator, photocopier and fax machine, Smartphone, and vehicle.

Work environment:

• While in a hybrid office, the incumbent will perform the essential functions of the position, primarily in an office environment. This requires sitting at a desk for 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. This position requires medium to high levels of interaction and collaboration with others.

Validation statement:

This job description is a general description of essential job functions. It is not intended as an employment contract, nor is it intended to describe all duties someone in this position may perform. This position requires high levels of interaction and collaboration with others.

Salary range:

• $88,000 $114,000 Commercial Loan Officer, II
• $98,000 $125,000 Commercial Loan Officer, III
• Plus, an annual bonus

Benefits

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:

How to Apply

External candidates: Please apply online at - Careers Tab

All applications are strongly encouraged before July 17, 2026. This posting is expected to remain open until the position is filled.