Commercial Loan Closer - Affordable Housing

About the role

The Commercial Loan Closer (Affordable Housing) is responsible for coordinating and facilitating the loan closing process for affordable housing and related loan programs. This role ensures accurate documentation, compliance with loan approvals, and efficient closing execution while maintaining organized and complete loan files.

Responsibilities

• Careful documentation and file retention is a critical function.
• Interacts directly with customers on loan closing requirements and closings.
• Develop closing checklists and collect required due diligence documentation.
• Maintains and reviews loan-closing documents and relevant files.
• Works with IFF attorneys and/or outside legal counsel in all aspects of loan document preparation and review of other items for closings.
• Works with IFF attorneys and/or outside counsel to collect post-closing documents from title companies to ensure timely filings.
• Makes available progress and status of loan closings for IFF staff through regular updates on IFF systems and through communications.
• Uses IFF systems including Microsoft Dynamics CRM, Smartsheet, Microsoft Office, Microsoft Outlook, Loan Ware in performing job duties and responsibilities.
• Maintains required job knowledge and skills and core professional competencies.
• Attends and participates in required educational programs and staff meetings.

Requirements

• Education: Bachelor’s or associate Degree required in business administration, finance, or paralegal certification preferred.
• Minimum of 1- 3 years of experience in loan closings, loan operations, banking, title/escrow, or real estate transactions.
• Exposure to affordable housing, multifamily lending, or community development finance preferred, including familiarity with programs such as LIHTC and other publicly supported housing initiatives.
• Previous Experience: Direct experience with commercial lending; excellent customer service and communication skills for one-on-one interaction with borrowers; ability to manage multiple projects; ability to learn and use a wide variety of computer software including word processing, database programs, spreadsheets, customer management, email and bank systems; detailed oriented with good communication (written and oral) and interpersonal skills.

Qualifications

• Minimal regional travel may be required.

Skills

• Standard Benefits
• Medical, dental, and vision insurance
• Paid time off
• 401(k) retirement plan with employer contribution
• Life Insurance
• Short- and long-term disability
• Work-Life Balance Benefits
• Hybrid workplace
• Summer Fridays
• Employee Development Benefits
• Professional development stipend
• Mentorship program
• Miscellaneous Wellness programs
• Employee assistance
• Referral Bonuses

Benefits

• Studies have shown that marginalized communities- such as women, LGBTQ+ and people of color - are less likely to apply to jobs unless they meet every qualification. So, if you're excited about this role, we encourage you to apply.

Pay

• Starting Range of $52,000 - $71,355 |Indiana
• Starting Range of $55,000 - $83,620 |Chicago

Schedule

• In office: T/W
• Remote: M/Th/F