What are the responsibilities and job description for the Director of Lending position at Community Development C?
CDLI Overview
Community Development Long Island (CDLI) is the only full-service collection of community development entities that change Long Islanders lives for success in home creation and financial growth. CDLI supports these achievements on the individual and community level by offering innovative solutions and resources to achieve personal and community economic growth.
CDLI has two affiliates, CDCLI Housing Development Fund Corporation and CDCLI Funding Corporation which is a community development financial institution (CDLI) licensed by New York State Department of Financial Services and the Community Development Financial Institution Fund at the US Department of the Treasury. The ideal candidate is familiar with both entities (DFS and CDFI), their reporting and regulatory requirements.
Position Summary
The Director of Lending will oversee all aspects of CDCLI Funding Corporation. This includes all current lending products, evaluate and ensure all underwriting and operational policies are up to date, assess the need for new and/or revised loan products to fill identified gaps within the within the Long Island community.
The Director of Lending will oversee the lending team and review the loan process, evaluate loan applications and ensure compliance with regulatory requirements. In addition, they will manage Loan Officers who are responsible for originating, underwriting, and processing residential loans and will monitor and maintain loan portfolios, collaborate with departments to provide lending options for program clients, and communicate loan performance/trends with executive management.
Responsibilities:
- Ensure compliance with all regulatory requirements and maintain up-to-date knowledge of lending regulations.
- Oversee and supervise Loan Officers, ensuring proper lending procedures are followed and exceptional customer service is delivered.
- Evaluate loan applications, structure terms to create loan proposals and steward the transaction through the closing process.
- Work with community leaders and banks at business development activities, creating a referral network.
- Develop and implement strategies to meet lending goals, while creating and updating policies for loan products.
- Manage the overall lending process for residential properties, ensuring accuracy in loan contracts and terms.
- Build and maintain strong relationships with clients, develop new business opportunities and ensure customer satisfaction.
- Monitor and analyze loan performance, making recommendations for improvements and adjustments to lending strategies as needed.
- Research and identify available lending capital.
- Represent CDLI Funding Corporation at the NYS CDFI Coalition.
- Represent CDLI Funding while participating in Neighborworks America’s Capital and Financial Management conferences and trainings.
Requirements:
- Bachelor’s degree in Finance, Business Administration, Accounting or related field
- 5 years of experience in Lending (2 years in a nonprofit organization)
- 2 years of supervisory experience
- Proficient in Microsoft Suite (Outlook, Teams, Excel, Word, PowerPoint)
- Exceptional interpersonal skills, capable of working well with others
- Proactive, detail-oriented with strong organizational skills
- Strong research and analytical skills
- Bilingual preferred
This job description is not intended to be all inclusive and the employee will perform other reasonably related duties as assigned.
Salary : $115,000 - $140,000
