Loan processing analyst II

Job Description

Job Description

About TruFund Financial Services

 

TruFund Financial Services, Inc. ("TruFund") is a 501(c)(3) Community Development Financial Institution (CDFI), certified by the U.S. Treasury Department’s CDFI Fund and headquartered in New York City with offices in LA, AL, TX & GA. Our mission is to promote and foster economic development within underserved communities and among disadvantaged populations. TruFund achieves this by providing innovative financial solutions that have a TruImpact, revitalize communities, and create jobs. As a nonprofit, mission-driven entity, TruFund offers affordable loan capital to small businesses and nonprofit organizations that are financially viable but have difficulty accessing capital from banks or other conventional lenders.

 

Our lending and impact efforts are further enhanced through our two wholly owned subsidiaries: Empowerment Reinvestment Fund, a National CDE offering New Markets Tax Credit to enable access to private investment in distressed communities, and our Tru-Capital Investment Fund – Impact Developers Fund, which provides equity capital to established underrepresented affordable housing developers nationally.

 

TruFund was established in 2005 as a nonprofit organization dedicated to advancing economic opportunities for people, businesses, and communities in need.

 

Position Summary 

 

Reporting to the Senior Loan Processor, TruFund Financial Services is seeking a  loan processor II  to join the team of our growing nonprofit community development financial institution and manage all aspects of its lending operations including tracking and reporting on loan production activity within our  CDFI investment areas and  foot print states to ensure full compliance with Investor and lender program  and deployment  objectives,  applicable state and federal laws  and other reports as needed to support Senior Management. Experience in loan processing including in-depth understanding and knowledge of small business and real estate lending processing and procedures.

 

 

Estimated Salary: [$50,000 - $55,000] per year as well as a full benefits package that includes health, life, dental and disability insurance, sick leave, 2 weeks’ vacation and 12 paid holidays per year. In addition, the position will be remote but preferably based in Atlanta, GA.

 

 

Key Responsibilities:

1.              This role will primarily support the organization’s Contractor Finance Lending program.

2.              Process loan requests in our loan process system.

·       Reviewing loan inquiries and submissions to ensure the file is complete.

·       Work with the borrowers to complete the loan process as well as upload all relevant loan documents.

·       Working with the closing department to ensure successful loan closings.

·       Work in concert with and support Loan Officers in various markets.

·       Establish and maintain an efficient and productive working environment within the department based on continuous and effective staff communications.

·       Work in concert with Credit team to continue to process all loan files.

·       Developing strong partnerships with business line leaders to support strategies and initiatives balancing risk with the business line’s financial goals.

·       Responds to inquiries from executive and senior management as well as inquiries from compliance, credit administration, lending staff, lenders and investors to answer questions, provide documentation, explain procedures, interpret policy, resolve discrepancies, and handle complex problems.

·       Provides technical advice and guidance to others on lending related loan software applications, systems, and processes. Maintain and demonstrate proficiency with our loan software applications.

·      Perform other loan operations duties as required.

 

KNOWLEDGE, EXPERIENCE, SKILLS, AND ABILITIES REQUIREMENTS

 

Education and Related Work Experience:

·    BS/BA  

·    2-5 years of related work experience (Lending /Loan administration) preferably within the non-profit community develop financial sector. 

·    Prior work-related experience with Small-Balance ($1Million - $5Million) Commercial Real-estate Lending, community development lending, Small Business Administration (SBA) loans, as well as traditional and alternative loan programs is beneficial. 

·    Existing Book of Business. Able to hit the ground running by bringing new loans to TruFund. 

 

Knowledge, skills, and abilities:

• Thorough understanding of CDFI lending operations and non-profit community development lending credit policy/guidelines
• Experience in Small Business lending and Real Estate Loan Administration.
• Must be knowledgeable of loan operations processes.
• Advanced written, oral and interpersonal skills
• Proficiency with personal computers and related software
• Excellent knowledge of data analysis and forecasting methods
• Expertise in MS Excel and Microsoft Office Suite.
• A working knowledge of Small Business Administration (SBA) Loan Programs, Policies and Procedures, Contract Finance Lending, and Real Estate Loan Financing as well as traditional and alternative Loan Programs is beneficial. 
• Must be proficient in Windows-based software. 
• Must possess the ability to meet performance goals. 
• Knowledge of local markets (e.g. NY, NJ, TX, GA) including financial institutions, local government, and community organizations; and an understanding of local priorities, opportunities and challenges are preferred. 
• Position is hybrid, prefer incumbent to be based in New York.

 

 

 

EQUAL OPPORTUNITY EMPLOYER

Company Description

TruFund Financial Services, Inc. ("TruFund") is a 501(c)(3) Community Development Financial Institution (CDFI), certified by the U.S. Treasury Department’s CDFI Fund and headquartered in New York City with offices in LA, AL, TX & GA. Our mission is to promote and foster economic development within underserved communities and among disadvantaged populations. TruFund achieves this by providing innovative financial solutions that have a TruImpact, revitalize communities, and create jobs. As a nonprofit, mission-driven entity, TruFund offers affordable loan capital to small businesses and nonprofit organizations that are financially viable but have difficulty accessing capital from banks or other conventional lenders.

Our lending and impact efforts are further enhanced through our two wholly owned subsidiaries: Empowerment Reinvestment Fund, a National CDE offering New Markets Tax Credit to enable access to private investment in distressed communities, and our Tru-Capital Investment Fund – Impact Developers Fund, which provides equity capital to established underrepresented affordable housing developers nationally.

TruFund was established in 2005 as a nonprofit organization dedicated to advancing economic opportunities for people, businesses, and communities in need.

Company Description

TruFund Financial Services, Inc. ("TruFund") is a 501(c)(3) Community Development Financial Institution (CDFI), certified by the U.S. Treasury Department’s CDFI Fund and headquartered in New York City with offices in LA, AL, TX & GA. Our mission is to promote and foster economic development within underserved communities and among disadvantaged populations. TruFund achieves this by providing innovative financial solutions that have a TruImpact, revitalize communities, and create jobs. As a nonprofit, mission-driven entity, TruFund offers affordable loan capital to small businesses and nonprofit organizations that are financially viable but have difficulty accessing capital from banks or other conventional lenders.\r\n\r\nOur lending and impact efforts are further enhanced through our two wholly owned subsidiaries: Empowerment Reinvestment Fund, a National CDE offering New Markets Tax Credit to enable access to private investment in distressed communities, and our Tru-Capital Investment Fund – Impact Developers Fund, which provides equity capital to established underrepresented affordable housing developers nationally.\r\n\r\nTruFund was established in 2005 as a nonprofit organization dedicated to advancing economic opportunities for people, businesses, and communities in need.