Job Opening – Loan Closing Administrator

Communities on the margins of opportunity deserve a trusted partner on their journey towards financial growth and stability. As a locally invested, collaborative partner in social justice and financial equity, Community Vision provides nonprofits, small businesses, and social enterprises with strategic investment and guidance deepening work, scaling impact, and strengthening our communities.

We realize that the impact of discriminatory policy, institutionalized financial neglect, and systemic racism have resulted in a deep sense of distrust felt among communities on the margins of opportunity, including people of color, folks of various abilities, genders and sexualities, and communities with low financial wealth. We believe that these communities must be centered in the work we do. Hence, we strongly encourage applications from people with these identities or who are members of other marginalized communities. Community Visions is an equal opportunity employer; people of all backgrounds are strongly encouraged to apply.

Loan Closing Administrator

Oakland/San Francisco, California

WHO WE ARE

In 1987, Community Vision’s founders had a vision of putting their money to work as a tool for building financially strong and culturally vibrant communities capable of growing their sown seeds of self-determination. We promote economic justice and alleviate poverty by increasing the financial resilience and sustainability of community-based nonprofits and enterprises. Through flexible financial products and sound advice, we create opportunities to make socially responsible investments that revitalize California communities. We envision financially strong and culturally vibrant communities where each person has access to decent jobs, homes, health care, education, and economic opportunities. We work in partnership with individuals and organizations who share our vision of sustainable communities and social and economic justice.

WHAT WE VALUE

Community Vision is dedicated to anti-racist practices and to building an anti-racist organization. This includes treating colleagues with respect, supporting the vision of the organization and demonstrating the professional practices of the organization which are community centered, patient, communication, work-ethic, responsiveness, conscious of difference, humility and curiosity, humor, creativity, practical, accountability and data driven. Staff members attend to the culture of the organization by being ambassadors of Community Vision’s values and participating in internally focused work groups.

THE OPPORTUNITY

Community Vision’s Lending Group provides loans and New Markets Tax Credit financing, with an emphasis on achieving greater racial and economic equity. Our borrowers have made use of our financing to develop affordable housing, build and acquire community facilities, create economic development projects, support access to healthy foods, and strengthen their operations in order to make a difference in the lives of the communities that they serve. Loan Closing Administrators are pivotal to the success of the Lending and Finance Departments and operates in a collaborative, cooperative, team environment. They are responsible for ensuring the accuracy of loan documents and supporting the entirety of the closing process.

WHAT YOU WILL DO

Loan Documentation & Closing (85%)

• Communicates with Loan Officers to ensure proper hand off and transition of responsibilities in a timely manner
• Communicates with Borrowers and serves as one of the primary points of contact for loan closings and disbursements
• Coordinates the closing and funding process in conjunction with the other Loan Administrators and Director of Lending Operations, Loan Officers, Borrowers, outside legal counsel, Title Officers and other related parties
• Documents and reviews commercial loan transactions, including real estate, construction and small business loans, as well as revolving lines of credit, term and  working capital loans
• Assists in the preparation and review of materials related to New Markets Tax Credit financings, and ensures closing and funding in a timely manner
• Reviews title reports, escrow instructions, surveys, appraisals, environmental reports, property condition reports, insurance and other documents, ensuring compliance with loan closing requirements and loan policies
• Manages the closing requirements by identifying and recommending solutions to meet the needs of Community Vision and our Borrowers
• Ensures accurate, well-organized electronic loan files through loan closing and disbursement, maintaining an audit trail of all closing and monitoring documents and materials

General Department Support (15%)

• Processes funding disbursements and draw requests for line of credit, pre-development and construction loans, ensuring proper documentation and compliance with loan conditions
• Maintains a  working knowledge of loan policies and protocols as implemented and/or updated
• Maintains the loan portfolio management system (TEA) and related databases, through disbursement, including updates to the Salesforce database
• Collaborates with department colleagues to support monitoring and compliance assignments as called for by workflow
• Assists or leads ad-hoc projects as assigned that may include industry research, product development, operational efficiency, compliance and reporting systems protocol, social impact tracking development, funding applications or policy analysis
• Works collaboratively with other departments to manage information, reporting and document preparation for various internal and external needs, funding requests, and compliance with investor covenants