Multifamily Closer / Housing Development Officer, Senior

About the Role

Minnesota Housing is hiring a Multifamily Closer to join the closing team. This role involves working with developers who have received an award of funds from Minnesota Housing for purposes of acquiring, rehabbing or constructing multifamily rental properties, and working on loan servicing activities.

Essential Job Duties

• Determines appropriate legal documents for each individual transaction.
• Address inquiries from borrowers, attorneys, lenders, and title insurance companies regarding legal policies and concerns of the Agency.
• Effectively resolve complex financial and program concerns to satisfaction.
• Draft legal documents and modify to reflect terms and conditions of project transaction; determine legal deficiencies in loan documents.
• Coordinate closing events with external customers and internal staff for successful and efficient completion of transactions.
• Review and provide comment and resolution on Agency-required closing due diligence documentation (i.e. surveys, title insurance, organizational documents and zoning requirements).
• Perform other duties as assigned.

Minimum Qualifications

• Three (3) years of demonstrated experience in closing multifamily affordable housing loans or as a real estate paralegal (including foreclosure, loan servicing or other real estate related paralegal experience).
• A Bachelor's degree in Business Administration, Paralegal, Finance, Accounting, Real Estate, Public Policy/Urban planning or Community Development/Planning may substitute for 12 months of experience – or – an Associate's degree in the listed fields may substitute for 6 months of experience.
• For this role, single family closing experience or mortgage banking experience will not be accepted.
• Experience with funding that involves multiple financing sources and complex financial deal structures.
• Knowledge of multifamily financing structures and funding sources (such as governmental or bank financing, bond financing and Low-Income Housing Tax Credits).
• Ability to negotiate legal agreements with developers and funding partners.
• Strong attention to detail and problem-solving skills.
• Ability to master details of multiple projects, while managing multiple projects strategically.
• Strong communication and customer service skills with a motivation to maintain customer satisfaction and to contribute to the success of Minnesota Housing Finance Agency.

Preferred Qualifications

• Four (4) years of demonstrated experience in closing multifamily affordable housing loans or as a real estate paralegal (including foreclosure, loan servicing or other real estate related paralegal experience).
• Paralegal certificate.
• Our employees are dedicated to ensuring cultural responsiveness. Preferred candidates will have a variety of experiences working effectively with others from different backgrounds and cultures.

Physical Requirements

Requires moving office items such as file folders and small office tools. A certain amount of walking and standing is often necessary in carrying out job duties.

Additional Requirements

This position requires successful completion of the following: Reference Checks, Job related background checks, Conflict of Interest Disclosure.

Benefits

• Paid vacation and sick leave.
• 12 paid holidays each year.
• Low-cost medical, dental, vision, and prescription drug plans.
• Fertility care, including IVF.
• Diabetes care.
• Dental and orthodontic care for adults and children.
• 6 weeks paid leave for parents of newborn or newly adopted children.
• Pension plan that provides income when you retire (after working at least three years).
• Employer paid life insurance to provide support for your family in the event of death.
• Short-term and long-term disability insurance that can provide income if you are unable to work due to illness or injury.
• Tax-free expense accounts for health, dental, and dependent care.
• Resources that provide support and promote physical, emotional, social, and financial well-being.
• Support to help you reach your career goals: Training, classes, and professional development.
• Student Loan Reimbursement (pilot program).
• Tuition Assistance Program.
• Federal Public Service Loan Forgiveness Program (Some positions may qualify – for more information, visit the Federal Student Aid website at studentaid.gov).
• Employee Assistance Program (EAP) for work/life support: A voluntary confidential program that helps employees and their families with life challenges that may impact overall health, personal well-being, or job performance. Common sources of stress can be addressed through the EAP: mental health, relationship challenges (personal and work), grief and loss, finances, and legal issues.
• Daily Living/Convenience Services: Chore services, home repair, trip planning, child/elder care.

Programs, resources and benefits eligibility varies based on type of employment, agency, funding availability, union/collective bargaining agreement, location, and length of service with the State of Minnesota.