Senior Loan Officer - Denver Office

About the role

Mercy Housing is a nonprofit affordable housing provider dedicated to building, preserving, and managing housing that enriches communities and empowers individuals.

Responsibilities

• Underwrite loan applications according to approved policies
• Prepare Credit Memos
• Present requests to Loan Review Committee for approval
• Closes loans and maintains borrower files
• Represent Mercy Community Capital to the public and build relationships with customers, industry partners, and investors
• Respond to requests from potential applications, manage customer expectations, and explain lending parameters
• Review loan applications from prospective borrowers based upon approved underwriting policies
• Manage contacts and applicants in Salesforce to track and build lending pipeline
• Follow up with applicants, secure the necessary information to underwrite the loan, conduct site visits, if needed
• Help potential borrowers successfully qualify for financing
• Negotiate loan structure
• Complete financial analysis and prepare credit memo and recommendation summary for approval members
• Manage the post-approval loan closing process from commitment through funding by reviewing and approving borrower due diligence, coordinating with legal counsel, title companies, and internal finance to confirm loan documentation and funding conditions are met
• Other duties as assigned

Requirements

• Minimum of three to five years’ experience as an affordable housing lender or related experience in real estate, business, or community lending
• Bachelor’s degree in business, finance, real estate, or related field preferred

Skills

• Strong analytical, time management, and organizational skills with a high level of attention to detail
• Effective written and verbal communication skills
• Spreadsheets skills to support structuring and pricing loan requests
• Work cooperatively and constructively with a wide variety of people, cross-functional teams, community-based organizations, banks, and lawyers
• Understanding of accounting principles; comprehend and interpret financial reports and legal documents
• Ability to problem-solve, be flexible, and be adaptable to change
• Resolve conflicts through negotiation
• Maintain confidentiality of borrower data
• Work accurately, under pressure, with interpretations, to meet deadlines; work independently and prioritize effectively

Benefits

• Several Healthcare plans to choose from
• Dental (includes adult and child orthodontia)
• Vision
• 15 days of earned PTO your first year
• 12 company holidays + 2 floating holidays
• 403b + match
• Early close Fridays (3 paid hours each Friday)
• Early close prior to a holiday (3 paid hours)
• Paid Time off between Christmas and New Year's Holiday
• Paid Volunteer Time
• Paid Parental Leave and Care Giver Leave
• Paid Life Insurance
• Free Employee Assistance Plan
• Pet Insurance options

Pay

$110,000-135,000 annually, dependent on experience + sign-on bonus (5% of starting salary)

Schedule

This is a hybrid role based in Denver, CO.