Loan Closing Administrator

Job Description

Job Description

THE COMPANY

The Low Income Investment Fund (LIIF) is a non-profit Community Development Financial Institution (CDFI) that mobilizes capital and partners to achieve opportunity, equity and wellbeing for people and communities. LIIF innovates financial solutions to create more equitable outcomes for all by building and preserving affordable homes, quality educational opportunities from early childhood through higher education, health clinics, healthy food retail and community facilities. In this way, LIIF provides a bridge between private capital markets and communities. LIIF’s headquarters is in San Francisco and has offices in Los Angeles, New York, Atlanta, and Washington D.C.

REPORTING RELATIONSHIPS :

This position reports to the Deputy Director, Loan Closing Administration and works closely with the Lending Production, the Credit, and the Finance and Operations teams.

JOB SUMMARY :

The Loan Closing Administrator (LCA) leads LIIF’s internal real estate loan closings and serves as the primary liaison with outside counsel and project lenders. The LCA ensures accurate, compliant closing of predevelopment, acquisition, construction, and permanent loans for affordable housing, childcare, charter schools, and other community facilities. This role requires expertise in real estate law and loan documentation (mortgages, notes, deeds, leases, guarantees), oversight of off-balance sheet fund closings, and management of administrative and compliance activities. The LCA also ensures smooth transition of closed loans to Asset Management and Loan Servicing, working collaboratively across teams and maintaining strong relationships with internal and external stakeholders.

KEY RESPONSIBILITIES :

Loan Closing Administration – 55%

• Review draft and final loan documents to ensure compliance with LIIF’s Lending Manual and approved deal terms as outlined in the Credit Memo. The LCA must be confident in raising discrepancies with lending management.
• Lead due diligence activities including UCC, OFAC, title, environmental, seismic, insurance, and third-party reports
• Liaise with legal counsel, Loan Officers, and borrowers to ensure all closing conditions are met.
• Perform pre-closing tasks, including :

Ordering appraisals and third-party reports.

Loan Modifications & Extensions / / Risk Management – 15%

Loan Funding Coordination – 10%

Reporting and Pipeline Management – 10%

Sponsor and Partner Relations – 5%

Other Duties as Assigned – 5%

QUALIFICATIONS :

Required Qualifications :

Preferred Qualifications :

ADDITIONAL INFORMATION :

LIIF offers a hybrid work environment with flexibility to balance in-office and remote work. However, all employees are expected to work on-site at least two (2) days per week. The successful candidate may be expected to travel occasionally for meetings, trainings, conferences, or other Company sponsored events.

All LIIF employees must be fully vaccinated against COVID-19. In accordance with LIIF's policies, we provide reasonable accommodations, absent undue hardship, to qualified individuals who cannot get vaccinated against COVID-19 because of sincerely held religious or medical reasons. If you believe you need an accommodation from the vaccination mandate required by this policy, please notify our Human Resources Department.

HOW TO APPLY :

Please apply with Resume and Cover Letter via our recruitment portal : Recruitment (adp.com)

Notice to Third Party Recruitment Agencies :

Please note that LIIF does not accept unsolicited resumes from recruiters or employment agencies. In the absence of an executed Recruitment Services Agreement, there will be no obligation to any referral compensation or recruiter fee.

In the event a recruiter or agency submits a resume or candidate without an agreement Low Income Investment Fund shall explicitly reserve the right to pursue and hire those candidate(s) without any financial obligation to the recruiter or agency. Any unsolicited resumes, including those submitted to hiring managers, shall be deemed the property of LIIF.

We do not accept unsolicited phone calls. Only candidates being considered for a position will be contacted.

LIIF, an EOE (Equal Opportunity Employer), believes that diversity ensures excellence. All qualified applicants will receive consideration for employment without regard to race, color, religion, sexual orientation, gender, or national origin. Candidates of diverse backgrounds and with diverse experience are strongly encouraged to apply for this position.