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Join Our Team

Capital for Change provides a competitive pay and benefits package and a supportive environment where you will be rewarded for your contribution to our success. ***Capital for Change is an Equal Opportunity Employer. Equal Opportunity Employer/Veterans/Disabled

Welcome to the C4C Job Portal. Below you can explore our current job openings. If you see a posting of interest, be sure to apply.

 

Capital for Change is an Equal Opportunity Employer.  

How to apply:

 

1.  Click the APPLY NOW - DOWNLOAD APPLICATION BUTTON found just beneath the job description to access the application.

2.  Fill in the application with your information. Please try to be as clear as possible when entering your employment history and dates.

3.  Once you've completed your application, click the down-arrow to DOWNLOAD and SAVE it. (The down-arrow is found in the upper righthand corner of the application window)  *** Be sure your application has been SAVED before closing the application window. Otherwise, you may have to reenter your information.

4.  Return to the C4C Job Portal to UPLOAD YOUR APPLICATION.

5.  Click the UPLOAD APPLICATION & RESUME BUTTON to upload your application and resume.

Multi-Family Affordable Housing Underwriter, (Community Development)
$80,000 - $85,000 Annually 

Reporting to the Director of Commercial Lending & Impact, the Multi-Family Affordable Housing Underwriter (the “Underwriter”) position has an administrative and a lending focus. The Underwriter assists the Director in maintaining and implementing a lending strategy, policies, and products to achieve Capital for Change’s mission and Board designated Ends. The Underwriter’s primary responsibility will be to underwrite loans, with a priority and emphasis on multi-family housing, subsidy funds and those with a community development focus.

The Underwriter also aids in department operations including pipeline tracking, loan documentation, closings and fundings to ensure standardized and efficient loan processing in the Department. The Underwriter also assists with oversight of C4C’s housing subsidy programs.

SPECIFIC RESPONSIBILITIES

  • Prepare Loan Approval Documents for Loan Officer presentation to Loan Committee, and assist in managing closing process with legal counsel.

  • Assist with credit quality of loan production and underwriting for a multifamily affordable housing and energy efficiency loans

  • Screen and underwrite financing requests, including collection and analysis of application materials.

  • Make recommendations on loan being underwritten by the department

  • Assist with commercial loan documentation.

  • Participate in management and tracking of construction loan advances for applicable loans.

  • Provide technical assistance as needed to C4C borrowers.

  • Answer phone calls, provide basic information for loan inquiries, and direct callers to appropriate parties within the organization.

  • Utilize internal tracking systems and pipeline information

  • Assist with loan workouts

RELATIONSHIP DEVELOPMENT

 

  • Work to build relationships with our business partners and our lenders

  • Provide support to other C4C staff members on project specific analysis and underwriting for affordable multi- family, single family, and some nonprofit lending transactions as well as loan modifications, extensions, and workouts.

  • Coordinate with third party providers including inspections, environmental work, and appraisals.

  • Provide complete customer service through relationship management

 

OPERATIONAL IMPROVEMENTS

 

  • Review incoming loan submissions for completeness and work directly with lenders to correct any deficiencies

  • Identify risks in proposed loans by becoming proficient with Capital for Change Multifamily credit policy and lender guide

  • Remain current on external factors that may affect established lending policies, such as new or revised legislation and regulations.

  • Coordinate with the Portfolio and Asset Management to gather market data and reconcile all regulatory requirements during the underwriting process, provide feedback while transactions remain in the portfolio and to resolve issues on troubled assets.

CORE COMPETENCIES

  • Knowledge of and experience with public and private sector funding sources for affordable housing and community development.

  • Proficiency in Microsoft Office Suite, Salesforce, and loan servicing software.

  • Deep commitment to diversity, equity, and inclusion and ability to welcome and empower all.

  • Strong verbal and written communication skills.

  • Excellent organizational, multi-tasking, and problem-solving skills.

  • Keen attention to detail and accuracy.

  • Ability to learn multifamily underwriting systems and tools that are specific to Capital for Change

REQUIRED EXPERIENCE & CERTIFICATIONS

  • Bachelor’s degree in a related field

  • At least three years of experience in loan underwriting with a CDFI, bank, or other financial institution related to multi-family affordable housing development, commercial lending and real estate construction.

Certifications

  • None

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