Mortgage Officer

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Careers at MassHousing

At MassHousing, we believe a home is more than a roof and four walls. A home is safety and security, opportunity and peace of mind. Our team of talented professionals works to ensure that all Massachusetts residents have a safe, healthy and affordable place to call home. If you share our commitment, we hope you will consider joining us.

Equal Opportunity Employer M/F/V/D

MassHousing is committed to providing an environment of mutual respect where equal employment opportunities are available to all applicants, colleagues and partners without regard to race, color, religion, sex, pregnancy, national origin, age, physical and mental disability, marital status, sexual orientation, gender identity, gender expression, genetic information, military and veteran status, and any other characteristic protected by applicable law. MassHousing believes that diversity and inclusion among our colleagues and partners is critical to our success, and we seek to recruit, develop and retain the most talented people from a diverse candidate pool.

Why Work at MassHousing?

Competitive salaries

Work/Life Balance with flexible schedules and generous leave time

Comprehensive health, dental, life, and disability plans

Professional development & tuition assistance

Employer-matched deferred compensation plan

Mortgage Officer

Organization: MassHousing

Location: One Beacon Street, Boston, MA 02108

Posting Closes : Close of Business on December 11, 2025

Website:

MassHousing recently affirmed its longstanding commitment to diversity and inclusion in its 5-year Strategic Goals.

The Organization

MassHousing will confront the housing challenges facing the Commonwealth to improve the lives of its people. A bold mission for an innovative agency. Since its inception in 1966, MassHousing has provided more than $27.5 billion for more than 125,000 apartments and more than 105,000 home mortgage loans. Beyond lending, we also work to promote economic growth and empowerment for families, individuals, and businesses; help communities increase their housing stock; provide hope and homes for vulnerable populations, and look for new, cost-effective ways to provide equitable housing opportunities. We have a relentless determination to confront the Commonwealth's housing challenges and improve lives.

We know that we cannot meet our mission without a workforce that is committed to standing with us in our efforts. We achieve this by making investments in staff development and prioritizing individuals who align with our values including an unwavering dedication to diversity, equity, and inclusion.

As an employee of MassHousing you are offered a great career opportunity which is more than a paycheck. MassHousing's total compensation package features an outstanding set of employee benefits which you should consider towards your overall compensation, including but not limited to:

• Tuition reimbursement up to $10,000 per calendar year
• A 35-hour work week and a hybrid work schedule
• Back up Child/Elder Care
• Retirement Savings including a pension and a deferred compensation plan (with a match)
• Comprehensive health, dental and vision plans
• 12 paid Holidays per year and generous sick, vacation, and personal time
• Short-Term Disability
• Central Boston office location, convenient to public transportation and amenities on site

If you're ready to join our dynamic team of mission driven professionals, this might be the job for you!

Position Summary

The Mortgage Officer is responsible for performing credit and financial analysis for the proposed mortgagor and general contractors of affordable housing developments financed by the Agency. This individual also holds primary responsibility for decisions regarding borrower and contractor creditworthiness, loan escrow requirements, funding of requisitions, and other loan funding activities. The Mortgage Officer acts as a liaison to borrowers in communicating Agency policies and procedures regarding credit approvals, requisitions, and cost certifications, and works independently to resolve issues related to mortgage credit risk and development funding. The Mortgage Officer also assists in the development of policies and procedures pertaining to financial capacity and credit reviews, loan equity requirements, requisition disbursements, cost certifications, and the establishment of equity for limited dividend purposes.

Specific Duties and Responsibilities

• Review development budget, construction cash flow, and Agency's required documents (i.e., Note, Mortgage, Regulatory Agreement) in concert with rental underwriting and legal teams during the loan closing process.
• Review and approve monthly requisitions for on-going construction projects. Work with treasury and loan servicing departments to ensure requisition is funded and booked in Agency's loan system in a timely manner.
• Assist Legal and Underwriting Departments in Loan Closings, Settlement Statements, Escrow fundings.
• Act as point of contact, provide feedback, and resolve any issues with outside borrowers and their closing team in the multifamily loan closing process for both permanent and construction closings.
• Assist other personnel in the Finance and Loan Servicing departments on loan related reporting, financial problem solving, account reconciliation and other projects as they arise.

Knowledge, Skills and Abilities Required

• Excellent communication skills, both verbal and written.
• Ability to provide on-going direction and support to teams within the organization.
• Knowledge of and ability to read, interpret and draw accurate conclusions from financial and numerical data.
• Ability to develop and maintain a workable schedule to accomplish the overall goals of day-to-day operations.
• Ability to use creative problem-solving techniques and sound judgement in making business decisions.
• Ability to build and use effective working relationships with internal and external clients.
• Resolve conflicts effectively.
• Understands the potential of available technology and its applicability to Agency business.
• Stays informed about and applies in-house technology in ways that will improve productivity and efficiency.

Minimum Education and Training

• Bachelor's degree in Finance or Accounting from an accredited university or college.
• Minimum 5 to 7 years' experience in loan underwriting or real estate development and finance.
• Knowledge of Federal and State subsidy programs.
• Knowledge of Low-Income Housing Tax Credit (LIHTC) programs (federal, state, historic) helpful.

Salary Range: $92,338 to $120,040

All positions at MassHousing require a customer service mindset, in accordance with our values: Integrity, Excellence, Collaboration, Respect, Accountability and Service. Inherent in these values is our commitment to diversity, equity, and inclusion for all.

MassHousing is an Equal Opportunity Employer