Loan Closer
Company: Raza Development Fund
Location: , All
Job Function: Financial Services
Background
Raza Development Fund (RDF) is the largest national, Latino-focused nonprofit Community Development Financial Institution (CDFI). Driven by a mission to close wealth and opportunity gaps in Latino and other under-resourced communities across the United States, RDF provides responsible and attainable financial solutions to community-based organizations focused on health, education, affordable housing, climate resilience, homeownership, and entrepreneurship.
RDF was founded in 1999 as a support organization to UnidosUS, the nation’s largest Hispanic civil rights and advocacy nonprofit, formerly known as the National Council of La Raza. As a testament to its exceptional financial strength and impact, RDF stands out as one of the few CDFIs with a prestigious AA- S&P rating. Since its inception, RDF has invested more than $1.5 billion across 38 states and Puerto Rico, leveraging over $6 billion in additional capital.
Summary
The Loan Closer will work closely with the Chief Credit Officer, Investment team, outside counsel, and loan operations and servicing team. This position is responsible for closing and servicing diverse types of commercial real estate loans ensuring each loan closing is accurate. The individual will assist in gathering and reviewing due diligence, reviewing loan documentation with approved loan terms, communicating professionally and effectively with external and internal clients, and ensuring funding and closing comply with final loan approval.
Responsibilities
- Reviews loan documents prior to closing, to ensure accurate compliance with approval.
- Assist Investment Professionals with closings, modifications, draw requests, and any other loan administrative functions.
- Review and monitor electronic closing files, insurance, taxes, lien filings, delinquencies, and other general loan servicing functions.
- Perform and assist professionally in client requests consisting of loan payoffs, inquiries, debt servicing and any other client requests involving loan servicing.
- Perform and assist in regular audits and reconciliations of loan terms, debt service payments, and interest accruals.
- Ability to work independently, organizing, managing, and tracking multiple detailed tasks and assignments with frequently changing priorities in a fast-paced work driven environment.
- Follow established processes and take ownership accountability for delivering accurate results.
- Contribute and collaborate with team and company/organization projects as requested.
- Perform other ad-hoc tasks and duties as assigned.
- Ability to work in a hybrid environment, which may include scheduled in-office and flexible remote work.
Requirements
- High school diploma; additional technical education a plus
- Minimum of 2 – 5+ years of experience in financial services industry
- Minimum of 2+ years demonstrated loan closing experience; prefer both real estate and commercial loan closing
- Attention to detail, and ability to learn and retain information
- Proficiency with office (Microsoft Office suite: Word, Excel, PowerPoint, Outlook) and remote (Teams, Zoom) software applications
Compensation and Benefits
Commensurate with experience
How to Apply
Interested candidates should send a resume and cover letter to: Scott Richter, RDF’s Chief Credit Officer, [email protected] and Maria Garcia, RDF’s Sr. Loan Operations Specialist, [email protected] for immediate consideration.