Director, Lending

🔥 4 minutes ago

🍂 Massachusetts – Remote

🍂 Massachusetts – Remote

💵 $132k - $160k / year

⏰ Full Time

🔴 Lead

👔 Director

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Housing Partnership Network

WebsiteLinkedInAll Job Openings

11 - 50 employees

Founded 1993

🌍 Social Impact

🤝 Non-profit

🏠 Real Estate

💰 Grant on 2023-04

Social Impact • Non-profit • Real Estate

Housing Partnership Network is a collaborative organization comprising over 100 leading housing developers, owners, and financial institutions focused on creating significant social impact. As innovators and social entrepreneurs, they develop social enterprises that provide access to new revenue streams and capital for member organizations, enhancing their ability to serve communities. By addressing market gaps and promoting homeownership and economic mobility, Housing Partnership Network aims to foster stable housing and contribute to improved economic, educational, and public health outcomes in America.

📋 Description

• Lead and manage the organization’s lending activities to achieve strategic, impact, and financial goals • Oversee the loan origination and underwriting team • Collaborate with senior leadership to shape lending priorities and investment strategies • Monitor industry trends, real estate market conditions, and government subsidy programs • Create quarterly loan deployment revenue projections and coordinate annual budgets and reforecasts • Develop annual strategic lending goals, teamwork plans, and borrower marketing plans • Lead outreach to HPN members through virtual meetings, in-person meetings, sponsored events, and industry conferences • Manage loan originations across HPF/HPN lending, New Market Tax Credits for Homeownership, and off-balance-sheet funds • Oversee the origination process from pipeline development through loan closing • Manage the lending pipeline in Salesforce and ensure accurate, timely reporting • Coordinate with loan participants regarding on-balance-sheet capital risk exposure • Supervise, mentor, train, and develop Loan Officers and other staff • Train Loan Officers in underwriting, pro forma modeling, financial analysis, loan structuring, and business development • Develop customer assessment mechanisms to improve customer experience and procedures • Oversee development and implementation of loan products with internal departments • Provide technical assistance to borrowers • Manage and update lending policies with the HPN and HPF Boards • Implement lending policies and HPF’s credit framework • Oversee credit analysis, underwriting guidelines, and risk assessment • Support Loan Officers’ presentations to credit committees • Monitor portfolio performance and address risk, workouts, or restructuring needs • Coordinate cross-training with Portfolio and Asset Management teams • Cultivate relationships with borrowers and community partners • Ensure compliance with internal policies, investor requirements, and regulatory guidelines • Oversee accurate and timely pipeline reporting

🎯 Requirements

• Bachelor’s degree • Ten or more years of CDFI lending experience • Proven experience (5+ years) managing and leading a lending team to achieve strategic and financial goals • Background in affordable housing and/or community development finance, market leadership in banking, a substantive finance-team role, or transferable experience serving HPN communities • Knowledge of and experience in the LIHTC syndication field • Strong familiarity with federal, state, and local government capital funding sources and operating needs of affordable housing • Deep knowledge of underwriting, loan structuring, and credit risk evaluation • Strong leadership, communication, and strategic thinking skills • Advanced degree in a related field is a plus, not required

🏖️ Benefits

• 15 vacation days • 12 sick days • 12 paid holidays • Paid personal day • Medical insurance • Dental insurance • Vision insurance • Health savings account • Flexible spending account • Dependent care flexible spending account • Retirement and savings plan/401(k) match • Group life insurance • Short- and long-term disability • Parental leave • Sabbatical leave • Professional development • Bonus potential • Remote work from anywhere in the contiguous 48 states • Occasional travel for in-person meetings, conferences, or team-building events

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