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We are looking for an experienced Loan Officer to join our team in Worcester, Massachusetts. In this role, you will originate, underwrite, and manage loans specifically tailored to support affordable housing projects. This is a long-term contract position that offers the opportunity to make a meaningful impact by providing essential financing solutions to developers, nonprofits, and community organizations.
Job Responsibility:
Assess and evaluate loan applications for bridge financing, construction loans, and developer projects
Conduct thorough financial analyses, risk evaluations, and collateral assessments to make informed lending decisions
Build strong relationships with clients, including developers, nonprofit organizations, and contractors, to structure financial solutions
Provide clients with expert guidance on loan products, compliance requirements, and financing options
Monitor the progress of construction projects and oversee disbursement schedules to ensure alignment with loan agreements
Identify potential risks in development projects and collaborate with the compliance team to mitigate them effectively
Ensure all loan agreements adhere to regulatory standards and organizational policies
Maintain accurate documentation of loan files and prepare detailed reports for internal and external stakeholders
Collaborate with cross-functional teams to support high-value transactions and ensure project success
Requirements:
Bachelor’s degree in Finance, Business, Real Estate, or a related field
Minimum of 3 years of experience in loan origination, underwriting, or administration, preferably in affordable housing or community development
Expertise in construction financing, bridge loans, and developer project structures
Strong familiarity with compliance standards and risk management practices
Exceptional analytical skills with the ability to assess financial data and negotiate terms effectively
Excellent communication and interpersonal skills for building client relationships
Knowledge of Community Development Block Grant (CDBG) programs and mortgage loan origination processes
Licensed Loan Officer certification is highly preferred
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