Portfolio Manager, Closing and Disbursement

Location

United States

Posted

38 days ago

Salary

$70K - $85K / year

Seniority

Lead

No structured requirement data.

Job Description

Portfolio Manager, Closing and Disbursement

Housing Assistance Council Inc

Role Description The Portfolio Manager, Closing and Disbursement is responsible for all aspects of loan closing and loan disbursements for an assigned portfolio of loans made to entities engaged in affordable housing activities in rural communities throughout the United States. The Portfolio Manager, Closing and Disbursement works as part of a remote team working to develop lending opportunities and underwrite and close loans. Primary Responsibilities - Analyze internal loan approvals to determine required due diligence and documentation for each loan transaction. - Prepare and review loan closing documents (e.g., loan agreement, promissory note, deed of trust) and disbursement packages. - Collect and review due diligence materials submitted for closing and disbursements. - Work with title agent to prepare title insurance policy, binders, and title commitments, and review real estate settlement statements for accuracy. - Review property title records. - Provide instructions to closing agents/attorneys, borrowers, and third-party entities. - Ensure all settlement figures are correct, and work with the post-closing agent to ensure the transaction is recorded and any outstanding issues are resolved prior to closing. - Examine construction loan disbursement documentation and compare with budget. - Track cumulative disbursements to ensure the total disbursements are less than or equal to the approved loan amount. - Accurately and timely, enter loans and transactions into HAC’s loan administration system (Nortridge Loan Software). - Organize and maintain borrower organizational documents, loan documents, and due diligence documents. - Perform regular quality control checks of all assigned loan files to ensure completeness and compliance prior to, during, and after the closing and funding of the loan. - Maintain a positive and professional relationship with borrowers and partners (e.g., third-party lenders, attorneys and other external parties) by responding promptly to any and all requests in a responsive, consistent, accurate manner. - Understand, comply with, create and recommend updates to the policies and procedures related to the portfolio management and lending functions. - Communicate orally and make presentations to HAC’s Loan Committee and/or Board of Directors related to closing and disbursement activities. - From time to time, work on miscellaneous projects and initiatives related to either the lending functions or across the organization as needed. Qualifications - Undergraduate degree in real estate, finance or related field preferred. - 3+ years of experience in loan closings, preferably in relation to affordable housing, real estate, or bank or CDFI loans. - Knowledge of the affordable housing development and construction process. - Ability to work independently with minimal supervision. - Ability to manage multiple projects and deadlines simultaneously; must be able to prioritize duties, follow through and meet deadlines. - Advanced Excel, Outlook, Adobe, and Word knowledge needed. - Excellent verbal and written communication skills. - Strong organization and time-management skills. - Commitment to customer service. - Critical thinking skills. - Detail orientation. Benefits - Competitive wages. - Flexible benefits packages including health insurance. - Life and other insurance. - Financial benefits, including a retirement plan with partial employer match. - Time off. - Work/life benefits, including education assistance. - Salary range is $70,000 to $85,000 per year, depending on qualifications. Equal Opportunity Employment Information HAC is an equal opportunity provider and employer. HAC does not discriminate against any applicant or employee based on race, color, sex, national origin, age, disability, or any other basis protected by applicable federal, state, or local laws. To Apply Applications will be reviewed upon receipt, with interviews starting immediately. Submissions received without cover letters with the required salary information will not be considered.

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