Center for NYC Neighborhoods
Loan Originations Manager
Center for NYC Neighborhoods, New York, New York, United States, 10001
Loan Originations Manager
The Center's wholly-owned subsidiary, Community Development Financial Institution (CDFI) Sustainable Neighborhoods ("SN") was founded in the wake of the 2008 foreclosure crisis to advance homeownership preservation within disadvantaged communities. SN originates and services innovative and affordable loan products to homeowners who traditional lenders consider "unbankable" because of poor credit or default due to predatory lending or other crises. The Loan Originations Manager is required to have a Mortgage Loan Originator (MLO) license and is responsible for securing loan file financial documents from potential borrowers, analyzing loan file data, and consulting with prospective borrowers to educate them on varying loan products. Aside from these main tasks, the Program Manager is expected to be fully familiar with and adhere to all state and federal regulatory requirements. Responsibilities include, but are not limited to: Obtain all required documentation from applicants to accurately disclose new residential mortgage applications, develop, and maintain contact with applicants throughout the loan origination process. The Loan Originations Manager will deploy nontraditional loan products, including interest-free, non-amortizing mortgage loans with no monthly payments to prevent foreclosure and heirs property; affordable loans to conduct home repairs or make homes resilient to climate change; and down payment assistance programs on favorable terms. Collaborate with non-profit partners, the Center Program Delivery team, and other internal and external stakeholders to ensure a smooth lending experience for all applicants, including for emergency and hardship requests. Collect and analyze prospective borrower income, assets, and liabilities, background checks, and loan application documents to determine creditworthiness. Counsel borrowers to understand the pros and cons of different loan products to determine which is best for them. Interact with applicants, processors, and underwriters to ensure a smooth transaction. Review the loan process by monitoring loan status, term conformity, and regulatory guidelines. Utilize common mortgage loan origination software. Adhere to confidentiality policies and privacy laws, maintaining accurate and secure records of all mortgage transactions. Prepare and submit loan applications to processing and/or underwriting, track progress, and communicate with underwriters and relevant parties. Prospect, develop, and maintain relationships with potential new business referral partners such as realtors, builders, bank colleagues, and the community at large. Maintain an active pipeline and meet or exceed production standards. Other duties as assigned. A successful Loan Originations Manager needs a combination of technical skills, interpersonal abilities, and knowledge of the mortgage industry and regulations. Key qualifications include strong communication, analytical skills, and attention to detail, along with a comprehensive understanding of loan programs and compliance requirements. A state-specific MLO license is required. Education & Training includes an associate's degree or higher and completion of at least 20 hours of education approved by the NMLS, including instruction on federal mortgage-related laws, ethics (including fraud, consumer protection, and fair lending), and lending standards for nontraditional mortgage products. Licensed MLO's must comply with all relevant state and federal regulatory requirements, stay informed of changes in the mortgage industry to provide accurate advice and information to applicants, secure records of all mortgage transactions in the Loan Operating System (LOS), and timely upload all documentation. Values include demonstrating ownership by showing initiative, active problem solving, being solution-oriented, acting conscientiously, and putting team results above individual accomplishments; demonstrating a growth mindset through resilience, humility, engaging in expansive thinking, and showing curiosity and openness to learning; and working collaboratively by demonstrating the ability to work in teams, exhibiting emotional intelligence. This is a hybrid role intended for candidates within commuting distance from our New York office. The Center strongly encourages Section 3 residents to participate in this hiring effort. Information to determine if you are a Section 3 resident can be obtained by contacting careers@cnycn.org. Persons requiring reasonable accommodation to participate in this hiring effort are requested to contact careers@cnycn.org. The Center for NYC Neighborhoods is an equal opportunity employer. We recruit, hire, upgrade, train, and promote for all positions and job classifications without regard to race, color, religion, creed, gender, national origin, age, physical or mental disability, marital, veteran or disabled veteran status, sexual orientation, or any other status as a member of any other legally protected group or activity.
The Center's wholly-owned subsidiary, Community Development Financial Institution (CDFI) Sustainable Neighborhoods ("SN") was founded in the wake of the 2008 foreclosure crisis to advance homeownership preservation within disadvantaged communities. SN originates and services innovative and affordable loan products to homeowners who traditional lenders consider "unbankable" because of poor credit or default due to predatory lending or other crises. The Loan Originations Manager is required to have a Mortgage Loan Originator (MLO) license and is responsible for securing loan file financial documents from potential borrowers, analyzing loan file data, and consulting with prospective borrowers to educate them on varying loan products. Aside from these main tasks, the Program Manager is expected to be fully familiar with and adhere to all state and federal regulatory requirements. Responsibilities include, but are not limited to: Obtain all required documentation from applicants to accurately disclose new residential mortgage applications, develop, and maintain contact with applicants throughout the loan origination process. The Loan Originations Manager will deploy nontraditional loan products, including interest-free, non-amortizing mortgage loans with no monthly payments to prevent foreclosure and heirs property; affordable loans to conduct home repairs or make homes resilient to climate change; and down payment assistance programs on favorable terms. Collaborate with non-profit partners, the Center Program Delivery team, and other internal and external stakeholders to ensure a smooth lending experience for all applicants, including for emergency and hardship requests. Collect and analyze prospective borrower income, assets, and liabilities, background checks, and loan application documents to determine creditworthiness. Counsel borrowers to understand the pros and cons of different loan products to determine which is best for them. Interact with applicants, processors, and underwriters to ensure a smooth transaction. Review the loan process by monitoring loan status, term conformity, and regulatory guidelines. Utilize common mortgage loan origination software. Adhere to confidentiality policies and privacy laws, maintaining accurate and secure records of all mortgage transactions. Prepare and submit loan applications to processing and/or underwriting, track progress, and communicate with underwriters and relevant parties. Prospect, develop, and maintain relationships with potential new business referral partners such as realtors, builders, bank colleagues, and the community at large. Maintain an active pipeline and meet or exceed production standards. Other duties as assigned. A successful Loan Originations Manager needs a combination of technical skills, interpersonal abilities, and knowledge of the mortgage industry and regulations. Key qualifications include strong communication, analytical skills, and attention to detail, along with a comprehensive understanding of loan programs and compliance requirements. A state-specific MLO license is required. Education & Training includes an associate's degree or higher and completion of at least 20 hours of education approved by the NMLS, including instruction on federal mortgage-related laws, ethics (including fraud, consumer protection, and fair lending), and lending standards for nontraditional mortgage products. Licensed MLO's must comply with all relevant state and federal regulatory requirements, stay informed of changes in the mortgage industry to provide accurate advice and information to applicants, secure records of all mortgage transactions in the Loan Operating System (LOS), and timely upload all documentation. Values include demonstrating ownership by showing initiative, active problem solving, being solution-oriented, acting conscientiously, and putting team results above individual accomplishments; demonstrating a growth mindset through resilience, humility, engaging in expansive thinking, and showing curiosity and openness to learning; and working collaboratively by demonstrating the ability to work in teams, exhibiting emotional intelligence. This is a hybrid role intended for candidates within commuting distance from our New York office. The Center strongly encourages Section 3 residents to participate in this hiring effort. Information to determine if you are a Section 3 resident can be obtained by contacting careers@cnycn.org. Persons requiring reasonable accommodation to participate in this hiring effort are requested to contact careers@cnycn.org. The Center for NYC Neighborhoods is an equal opportunity employer. We recruit, hire, upgrade, train, and promote for all positions and job classifications without regard to race, color, religion, creed, gender, national origin, age, physical or mental disability, marital, veteran or disabled veteran status, sexual orientation, or any other status as a member of any other legally protected group or activity.