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Loan Officer/Senior Loan Officer more...
Location:Columbia, MD
Company:Enterprise Community Partners
First posted:February 10, 2021

Location: Columbia, MD
Location: Cleveland, OH
Location: Denver, CO

Enterprise is a national nonprofit on a mission to make home and community places of pride, power and belonging for all. To make that possible, we operate the only organization designed to address America's affordable housing crisis from every angle: we develop and deploy programs and support community organizations on the ground; we advocate for policy on a nonpartisan basis at every level of government; we invest capital to build and preserve rental homes people can afford; and we own, operate and provide resident services for affordable communities. All so that people not only make rent, they build futures. With this end-to-end approach, 40 years of experience and thousands of local partners, Enterprise has built and preserved 662,000 affordable homes, invested $53 billion in communities and changed millions of lives.

Enterprise offers career opportunities in our offices across the country with an exceptional benefits package.

Job Description Summary

Enterprise Community Loan Fund (ECLF) is a certified community development financial institution and a member of the Enterprise family of companies. Since its founding in 1982, Enterprise, our controlling entity, has raised and deployed more than $43.6B in equity, grants and loans to support low income people and low-income communities including building or preserving nearly 585,000 affordable rental homes. For more information about Enterprise, please visit our website at (please use the apply button below) Enterprise Community Loan Fund has an immediate opening for three (3) Senior Loan Officer/Loan Officer positions. The positions will have lending and portfolio responsibilities throughout Enterprise's national footprint and may be based in Atlanta, Chicago, Cleveland, Columbia, MD, Denver, Detroit, District of Columbia, New Orleans, New York City, and Seattle.

Job Description


Reporting to the Chief Lending Officer, the Senior Loan Officer/Loan Officer is responsible for underwriting loan requests in support of community development projects with particular emphasis on affordable housing and community facilities, including both interim/bridge, New Market Tax Credits leverage loans and permanent term loans. The position will support ECLF's lending activities across its national footprint. The responsibilities also include managing a defined portfolio of loans from origination through repayment.  The Senior Loan Officer/ Loan Officer is also expected to be the staff lead in multiple lending initiatives, working collaboratively with local staff of Enterprise Community Partners.

Specific responsibilities include:

  • Contribute to production goals by identifying lending opportunities, and originating new loans upon referral through the Enterprise system and external partners.
  • Structure and negotiate financing proposals/commitments and prepare comprehensive written loan packages for review and approval by management or Loan Committee for both direct financing by ECLF and financing through various off-balance sheet funds.
  • Review and interpret third party due diligence reports, including appraisals, market assessments, entitlement/zoning classifications, and environmental reports to determine transaction viability and appropriate loan structure.
  • Manage the closing process, including internal and external closing counsel, and the collection, review, approval and execution of all closing items.
  • Manage an existing portfolio of loans, including annual site visits, timely review of financial statements, review and approval of disbursement/funding requests, monitoring for covenant compliance and processing modification and extension requests.
  • Work cooperatively with local and regional staff from Enterprise Community Partners, Enterprise Housing Community Investment and Bellwether Enterprise to coordinate and leverage Enterprise resources grants, loans and equity in project development and advancement of the Enterprise strategic plan.


  • Undergraduate degree required; advanced degree in business, finance or related field preferred.
  • Seven 7 years of lending experience, with three 3 years of multi-family affordable housing, real estate, underwriting responsibilities required. Community development underwriting and knowledge of various housing programs and the broader community development field is a plus.
  • Demonstrated experience in preparing and negotiating complex, multi-layered transactions and balancing the programmatic needs of community based organizations with sound underwriting judgment and risk mitigation.
  • Strong business development, analytical, communication, and problem solving skills, with working knowledge of spreadsheet programs.
  • Detailed analytical skills with database management and spreadsheet knowledge.
  • Familiarity with federal, state and local community development programs, particularly programs that finance charter schools, federally-qualified health centers and affordable housing.
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