2025 Summer Grad Internship - Mortgage Company

The Community Preservation Corporation (CPC) is a nonprofit multifamily finance company that was founded in 1974 to provide financial and technical resources to stabilize and revitalize underserved communities in New York City. Today, CPC operates nationally and stands as one of the largest Community Development Financial Institutions (CDFI) Fund in the country solely committed to investing in multifamily housing through its construction lending, mortgage lending and equity investing businesses. CPC uses its decades of expertise in housing finance and public policy to expand access to affordable housing and drive down the costs of housing production, advance diversity and equity within the development industry, and address the effects of climate change in our communities through the financing of sustainable housing.

CPC Mortgage Company is a first of its kind cooperative of impact-driven, nonprofit mortgage lenders and investors. Revenue generated from CPC Mortgage Company supports its mission-aligned members’ work to create a positive social impact through investments in housing and community development.

Since its founding, CPC has invested over $15 billion to finance the creation and preservation of more than 230,000 units of housing and has approximately 4,500 affordable units under ownership. CPC is a carbon neutral company and has been rated AA- by S&P. Visit CPC at communityp.com , and on Facebook , LinkedIn and X .

Summary Of Position

The Mortgage Company Summer Intern will support the CPC Mortgage Company business in the development of new and existing business by providing analysis of Freddie Mac, Fannie Mae and FHA/HUD multifamily mortgage loans.

Roles And Responsibilities

• Support multifamily commercial real estate loan requests, including assisting in the generation of pro forma valuations and sizing appropriate loan options, and determining eligibility for and alignment with Agency Loan Product requirements and guidelines.
• Support CPC staff in liaising with CPC clients and customers to identify and gather pertinent due diligence documents and related information on economics of properties to be used in evaluating potential loans.
• Perform analysis of pertinent financial and credit data, including modeling sensitivity analysis and identifying risks and mitigating factors of potential loans to structure loan offering(s) that meets a borrower’s needs/requests.
• Conduct research and analysis of borrowers, properties, neighborhoods and other factors of a potential loan to ensure conformance with product and program requirements.
• Assist in the submission of screening packages to Freddie Mac, Fannie Mae and FHA/HUD, as required. Review loan files for completeness and identify critical missing information pursuant to lender’s quality control and submission requirements.
• Update agency and loan pipelines, as required.
• Collaborate with MOCO team to meet quantitative numerical goals and qualitative process efficiency goals.
• Update and manage information, as required, in Closer technology system.
• Perform other duties, as directed or required.
  
  

Skills And Experience

• Currently or recently enrolled in a related graduate level program and 1 – 2 years’ professional experience in Affordable Housing/Housing Finance, or Real Estate.
• Strong organizational skills with the ability to prioritize and multi-task; detail-oriented.
• Willingness to work as part of a team environment, and adaptability to change.
• Strong Excel skills, with the ability to manage/analyze large datasets using methodological best practices.
  
  

What Your Internship Will Look Like At CPC

• The Summer Internship program runs: Monday, June 2nd – Friday, August 8th, 2025
• Lunch and Learn sessions (lunch provided) throughout the summer to learn more about the various functions and departments within CPC
• Tours offered to view current properties and construction projects throughout NY State
• Service Day – a chance for employees to get out of the office, spend time with colleagues and give back to the community
• Bi-weekly check ins with intern group and CPC leaders to stay connected
• We provide a hot breakfast 3x week, including snacks and drinks
• This is a full-time, hybrid intern program where you will work from our New York City office at least three days a week, with a remote option up to two days a week. $22 / hour pay rate, 35 hours / week.
  
  

Applications Deadline: January 31, 2025.

The Community Preservation Corporation is an Equal Opportunity Employer and all employment-related decisions including recruitment, selection, evaluation, promotion, compensation, training and termination are made without regard to race, creed, color, national origin, sex, disability, marital status, status as a veteran, sexual orientation or gender identity, or any other protected status.