Lacahsa
Overview
The Los Angeles County Affordable Housing Solutions Agency (LACAHSA) is a newly established state-backed government agency, created to address the ongoing challenges of affordable housing in L.A. County. We help people stay in their homes and increase housing options in all communities of Los Angeles County. Our agency was created by California state legislation sponsored by community organizations and housing experts, approved by the State Legislature, and signed by Governor Gavin Newsom. We are governed by a Board of 22 Los Angeles County leaders, including elected officials and housing experts. Now that you know who we are, here’s what we’re building and how you can help shape it. By delivering a seamless borrower experience, safeguarding compliance, and ensuring every transaction is executed with precision, you will directly contribute to creating pathways to housing security for all Angelenos. At LACAHSA, we are committed to ensuring every resident of Los Angeles County has access to stable, affordable housing. The Loan Closer plays a vital role in advancing this mission by coordinating and finalizing all aspects of loan closings for affordable housing initiatives. Serving as the central point of contact between borrowers, title companies, attorneys, insurance providers, and internal teams, the Loan Closer ensures every closing is accurate, compliant, and timely.
What You’ll Do
Act as the primary liaison for all parties regarding title review, insurance, and closing status, and serve as the central point of contact for borrowers, lenders, attorneys, title/escrow officers, and internal stakeholders
Review title searches, easements, encumbrances, and related title work to ensure compliance and alignment with affordable housing program requirements, GSE, and regulatory standards
Request and review closing protection letters; place orders for funding shield certificates, closing protections, and appropriate endorsements
Confirm all title requirements are satisfied prior to closing and ensure all corrective actions are documented
Order appraisals, environmental and other third-party reports, and if applicable, field review or documentation of a desk review used to reverify the third-party reports
Coordinate with insurance agents, ensuring timely issuance of binders and accurate coverage
Prepare loan closing packages at least 48 hours in advance, conducting a detailed review for accuracy, completeness, and compliance with underwriting approvals
Verify signatures, documentation, and compliance with program and regulatory standards, including HUD, LIHTC, Fannie Mae, and Freddie Mac guidelines as applicable
Authorize funding and release of approved transactions once compliance and conditions precedent are satisfied
Provide clear, proactive communication and updates to borrowers, lenders, attorneys, and community partners
Manage post-closing follow-ups, including modifications, extensions, insurance renewals, and portfolio reporting requirements
Key Competencies
Detail-Oriented: Ability to review and validate documentation with accuracy while identifying and escalating potential risks
Strong Communicator: Skilled in conveying information clearly to borrowers and ensuring alignment among diverse internal and external stakeholders
Relationship Builder: Develops productive working relationships with internal teams, lenders, title/escrow companies, insurance providers, and community partners
Organized & Strategic: Effectively manages priorities in a deadline-driven environment while supporting LACAHSA’s mission of affordable housing expansion
Who You Are
Associate's degree from an accredited university
Minimum 2 years of loan closing experience
Knowledge of lending practices and industry-standard processes
Title or escrow experience strongly preferred
Preferred Experience
Bachelor’s degree from an accredited university
Experience working with affordable housing, community lending, government-funded loan programs, LIHTC, CDBG/HOME, or Fannie Mae/Freddie Mac multifamily executions
Familiarity with escrow, title, or real estate closing processes in the public or nonprofit sector
Prior work with loan management software and document tracking systems
Knowledge of compliance standards related to affordable housing finance and lending
Strong understanding of underwriting requirements and closing documentation review
Technical Skills
Loan Closing Systems: Proficiency in loan origination systems (LOS) and document management platforms used to prepare, review, and track loan files
Title & Escrow Systems: Ability to review and process title commitments, insurance policies, and escrow instructions
Compliance Knowledge: Understanding of lending regulations, closing requirements, and compliance standards (e.g., RESPA, TRID, HUD guidelines) with emphasis on affordable housing regulatory overlays
Microsoft Office Suite: Advanced proficiency in Word, Excel, and Outlook
Document Review: Skilled in reviewing legal documents such as title reports, closing disclosures, and funding authorizations for accuracy and completeness
Data Entry & Accuracy: Maintaining a high level of accuracy in entering, tracking, and reconciling loan and closing data across multiple systems
Funding Authorization: Ability to process, validate, and authorize funding disbursements in alignment with compliance requirements
Compensation Range:
We are committed to equitable compensation practices, and we offer an annual salary ranging from $63,118.00 to $93,118.00, depending on experience and qualifications.
We Offer Amazing Benefits Too
Great PPO health insurance options, and we will cover 100% of your premiums for Medical, Dental & Vision
Fully paid Life and AD&D insurance coverage
Employee Assistance Program (EAP)
Generous retirement benefit where we match employee contributions dollar-for-dollar, up to 5% of the employee’s salary, with immediate vesting
Paid time off, including 14 holidays, two weeks of sick leave, and two weeks of accruable vacation for new, full-time employees in their first year
Equal Opportunity
LACAHSA is proud to be an equal opportunity employer. We are committed to creating a diverse and inclusive workplace that reflects the community we serve. We strongly encourage applications from people of all backgrounds, including BIPOC, LGBTQIA+, and veterans.
#J-18808-Ljbffr
The Los Angeles County Affordable Housing Solutions Agency (LACAHSA) is a newly established state-backed government agency, created to address the ongoing challenges of affordable housing in L.A. County. We help people stay in their homes and increase housing options in all communities of Los Angeles County. Our agency was created by California state legislation sponsored by community organizations and housing experts, approved by the State Legislature, and signed by Governor Gavin Newsom. We are governed by a Board of 22 Los Angeles County leaders, including elected officials and housing experts. Now that you know who we are, here’s what we’re building and how you can help shape it. By delivering a seamless borrower experience, safeguarding compliance, and ensuring every transaction is executed with precision, you will directly contribute to creating pathways to housing security for all Angelenos. At LACAHSA, we are committed to ensuring every resident of Los Angeles County has access to stable, affordable housing. The Loan Closer plays a vital role in advancing this mission by coordinating and finalizing all aspects of loan closings for affordable housing initiatives. Serving as the central point of contact between borrowers, title companies, attorneys, insurance providers, and internal teams, the Loan Closer ensures every closing is accurate, compliant, and timely.
What You’ll Do
Act as the primary liaison for all parties regarding title review, insurance, and closing status, and serve as the central point of contact for borrowers, lenders, attorneys, title/escrow officers, and internal stakeholders
Review title searches, easements, encumbrances, and related title work to ensure compliance and alignment with affordable housing program requirements, GSE, and regulatory standards
Request and review closing protection letters; place orders for funding shield certificates, closing protections, and appropriate endorsements
Confirm all title requirements are satisfied prior to closing and ensure all corrective actions are documented
Order appraisals, environmental and other third-party reports, and if applicable, field review or documentation of a desk review used to reverify the third-party reports
Coordinate with insurance agents, ensuring timely issuance of binders and accurate coverage
Prepare loan closing packages at least 48 hours in advance, conducting a detailed review for accuracy, completeness, and compliance with underwriting approvals
Verify signatures, documentation, and compliance with program and regulatory standards, including HUD, LIHTC, Fannie Mae, and Freddie Mac guidelines as applicable
Authorize funding and release of approved transactions once compliance and conditions precedent are satisfied
Provide clear, proactive communication and updates to borrowers, lenders, attorneys, and community partners
Manage post-closing follow-ups, including modifications, extensions, insurance renewals, and portfolio reporting requirements
Key Competencies
Detail-Oriented: Ability to review and validate documentation with accuracy while identifying and escalating potential risks
Strong Communicator: Skilled in conveying information clearly to borrowers and ensuring alignment among diverse internal and external stakeholders
Relationship Builder: Develops productive working relationships with internal teams, lenders, title/escrow companies, insurance providers, and community partners
Organized & Strategic: Effectively manages priorities in a deadline-driven environment while supporting LACAHSA’s mission of affordable housing expansion
Who You Are
Associate's degree from an accredited university
Minimum 2 years of loan closing experience
Knowledge of lending practices and industry-standard processes
Title or escrow experience strongly preferred
Preferred Experience
Bachelor’s degree from an accredited university
Experience working with affordable housing, community lending, government-funded loan programs, LIHTC, CDBG/HOME, or Fannie Mae/Freddie Mac multifamily executions
Familiarity with escrow, title, or real estate closing processes in the public or nonprofit sector
Prior work with loan management software and document tracking systems
Knowledge of compliance standards related to affordable housing finance and lending
Strong understanding of underwriting requirements and closing documentation review
Technical Skills
Loan Closing Systems: Proficiency in loan origination systems (LOS) and document management platforms used to prepare, review, and track loan files
Title & Escrow Systems: Ability to review and process title commitments, insurance policies, and escrow instructions
Compliance Knowledge: Understanding of lending regulations, closing requirements, and compliance standards (e.g., RESPA, TRID, HUD guidelines) with emphasis on affordable housing regulatory overlays
Microsoft Office Suite: Advanced proficiency in Word, Excel, and Outlook
Document Review: Skilled in reviewing legal documents such as title reports, closing disclosures, and funding authorizations for accuracy and completeness
Data Entry & Accuracy: Maintaining a high level of accuracy in entering, tracking, and reconciling loan and closing data across multiple systems
Funding Authorization: Ability to process, validate, and authorize funding disbursements in alignment with compliance requirements
Compensation Range:
We are committed to equitable compensation practices, and we offer an annual salary ranging from $63,118.00 to $93,118.00, depending on experience and qualifications.
We Offer Amazing Benefits Too
Great PPO health insurance options, and we will cover 100% of your premiums for Medical, Dental & Vision
Fully paid Life and AD&D insurance coverage
Employee Assistance Program (EAP)
Generous retirement benefit where we match employee contributions dollar-for-dollar, up to 5% of the employee’s salary, with immediate vesting
Paid time off, including 14 holidays, two weeks of sick leave, and two weeks of accruable vacation for new, full-time employees in their first year
Equal Opportunity
LACAHSA is proud to be an equal opportunity employer. We are committed to creating a diverse and inclusive workplace that reflects the community we serve. We strongly encourage applications from people of all backgrounds, including BIPOC, LGBTQIA+, and veterans.
#J-18808-Ljbffr