Lending Coordinator – Development Finance Authority

Nov 27, 2022Jobs

Appointing Authority Development Finance Authority
Department/Division Development Finance Authority
Full Time/Part Time Full Time
Regular/Temporary Regular
Work Schedule
Monday – Friday, 8:30 am – 5:00 pm.
Job Description
  • Assist loan officer with various tax lien searches, credit report checks etc. for all lending programs
  • Manage loan closings of all Western Reserve Community Fund (WRCF) loans upon direction from executive director with appropriate approved loan write up and information. This includes:
      • Document completion to include: filling out appropriate form loan and grant agreements, security agreements, promissory notes, closing statements, etc. This would include our Akron Resiliency Fund, Housing Trust Fund, General Loan Fund, Minority Contractors Capital Access Program, CDC Bridge Loans, etc.
      • Walk through each loan document with the client before they sign, with education provided from Executive Director and WRCF team
      • Coordinate with client and WRCF Accounting Manager for payment method and date for each transaction
      • File UCCs as appropriate for each loan.

     

  • Assist Project Manager and Compliance Coordinator with loan servicing tasks for both DFWR and WRCF, including:
    • Outreach to borrowers for payments
    • Tracking reporting requirements for each borrower
  • Assist all DFWR and WRCF team members with various administrative tasks. Working closely with the DFA Director of Administration on certain items including contacts, newsletters, updates, etc.
  • Assisting with some bookkeeping tasks and audit items
  • Assist in funding applications and New Markets Tax Credit Allocation (NMTC) applications
  • Manages loan servicing, outcome tracking, program compliance monitoring, fiscal compliance monitoring, and program reporting debt service schedules and distribution calculations
  • Manage all DFWR/WRCF/and subsidiary portfolios and organization including loan software
  • Coordination with borrowers and investors at least monthly or quarterly to ensure timely payment
  • Verifies documentation to ensure validity, completeness, and accuracy
  • Submit and track wire disbursements to investors, managing members, and others
  • Participate in audit and tax process
  • Provides quality customer service to government officials, partners, community leaders, vendors, businesses, and the general public
  • Represents DFA in various interactions with government, business, and community agencies, partners, and the general public
  • Performs other duties as requested, directed, or assigned
Required Qualifications
QUALIFICATIONS OR EQUIVALENT COMBINATIONS OF TRAINING AND/OR EXPERIENCE:

  • Completion of bachelor’s degree in accounting, finance, business administration, paralegal, or closely related discipline from an accredited college or university
  • Three (3) plus years of relevant experience or equivalent combination of training, education, and experience that would provide the required knowledge and abilities to perform the duties of the position
  • Knowledge of community development finance and general real estate lending is preferred
  • Strong analytical, organizational, financial, and motivational skills
Preferred Qualifications
Pre-Employment Testing Requirements Criminal Background Check, Pre-employment Drug and Alcohol Testing
Work Environment
The Work Environment characteristics described here are representative of those that an employee encounters while performing essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Work is performed in an office environment and employee will regularly be exposed to normal hazards associated with an office environment.
Physical Demands
The physical demands described here are representative of those that an employee encounters while performing essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
  • Job is physically comfortable, requires sitting, walking, standing, bending, keying, talking, hearing, seeing, and repetitive motions.
  • Work is performed in an office setting and employee will be exposed to normal hazards associated with an office environment
  • Employee may be required to travel and access various assigned work sites, other offices, and agencies
  • Must regularly lift up to 10 pounds and occasionally lift and/or move up to 25 pounds peripheral vision.
Licensing/Certification
Required certification, license and special requirements of position (e.g., physical demands and work environment, safety hazards, ability to access the various work sites, lifting, etc.)

  • Possession of valid driver’s licenses
  • Must maintain all required licenses, training and certification, plus any security clearances
  • Meet and maintain eligibility requirements for bonding
Additional Information
In all functions of this position the Employee must maintain confidentiality of applicable agency data, information and records.
Job Duties 

Job Duty Name Loan Servicing Functions
Description of Job Duty
  • Manage loan closings of all Western Reserve Community Fund (WRCF) loans upon direction from executive director with appropriate approved loan write up and information. This includes:
      • Document completion to include: filling out appropriate form loan and grant agreements, security agreements, promissory notes, closing statements, etc. This would include our Akron Resiliency Fund, Housing Trust Fund, General Loan Fund, Minority Contractors Capital Access Program, CDC Bridge Loans, etc.
      • Walk through each loan document with the client before they sign, with education provided from Executive Director and WRCF teams
      • Coordinate with client and WRCF Accounting Manager for payment method and date for each transaction
      • File UCCs as appropriate for each loan.

     

  • Manages loan servicing, outcome tracking, program compliance monitoring, fiscal compliance monitoring, and program reporting debt service schedules and distribution calculations
Job Duty Name Compliance Functions
Description of Job Duty
  • Assist Project Manager and Compliance Coordinator with loan servicing tasks for both DFWR and WRCF, including:
      • Outreach to borrowers for payments
      • Tracking reporting requirements for each borrower

     

  • Coordination with borrowers and investors at least monthly or quarterly to ensure timely payment
  • Verifies documentation to ensure validity, completeness, and accuracy
Job Duty Name Financial Management Functions
Description of Job Duty
  • Assisting with some bookkeeping tasks and audit items
  • Manage all DFWR/WRCF/and subsidiary portfolios and organization including loan software·
  • Submit and track wire disbursements to investors, managing members, and others
Job Duty Name Other Functions
Description of Job Duty
  • Assist all DFWR and WRCF team members with various administrative tasks. Working closely with the DFA Director of Administration on certain items including contacts, newsletters, updates, etc.
  • Assist in funding applications and New Markets Tax Credit Allocation (NMTC) applications
  • Provides quality customer service to government officials, partners, community leaders, vendors, businesses, and the general public
  • Represents DFA in various interactions with government, business, and community agencies, partners, and the general public
  • Performs other duties as requested, directed, or assigned

 

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