Assistant Mortgage Officer

About Us:

The Community Preservation Corporation (CPC) believes stable and sustainable affordable housing is the foundation of strong communities, and we strive to contribute to comprehensive neighborhood revitalization through our lending and partnerships. A nationally recognized leader in affordable housing finance, CPC has provided a consistent source of capital to underserved housing markets throughout New York State since our inception in 1974.

Today, CPC stands as the largest CDFI solely committed to investing in multifamily housing, having invested more than $15 billion to finance the creation and preservation of more than 230,000 units of quality housing in neighborhoods across New York State and beyond. CPC has a robust construction lending platform, a mortgage bank, and equity and impact investment platforms that focus on our three goals: Expanding Affordable Housing, Closing the Racial Wealth Gap and Investing in the Green Economy.

As a member of our team, you'll have the opportunity to work on impactful projects that make a real difference in people's lives. We're looking for talented individuals who are passionate about our mission and share our values of commitment, respect, excellence, accountability, and collaboration.

Role Summary:

The Assistant Mortgage Officer assists officers by providing due diligence support for the origination, closing, and conversion of multifamily loans. Responsible for ensuring all necessary loan documents are accurate and delivered to the Portfolio Services department in a timely manner. Order third party reports (credit, appraisal, engineering and environmental) and process invoices for payment. Report on status of loans for closing/conversion readiness and act as Office Manager for the Central Region/Syracuse field office.

What You’ll Do:

• Prepare closing and other related packages including: Construction and Permanent Loans (including conversions), Freddie Mac, and SONYMA for submission to the Portfolio Services department.

• Order, review and track third party reports. Prepare environmental report memos. Review construction contracts, insurance binders and other items needed for closing/conversions.

• Review loan applications and complete due diligence on Borrower and their development teams such as reference and credit checks.

• Prepare term sheets and commitment letters in cooperation with mortgage officers after the approval of loans. Review SONYMA commitments after they are issued for pension fund permanent loans.

• Oversee scanning of documents to document management system (Navigator).