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Community Preservation Corporation

Senior Agency Loan Processor (Multifamily Lending)

Salary$85k – $100k
LocationCentral Office - New York, NY
Work modehybrid
Typefull-time
DepartmentMortgage Company
Company size11+ people
First seen1w ago
Last seen22h ago
About Us:
The Community Preservation Corporation (CPC) believes stable and sustainable affordable housing is the foundation of strong communities and we strive to contribute to comprehensive neighborhood revitalization through our lending and partnerships. A nationally recognized leader in affordable housing finance, CPC has provided a consistent source of capital to underserved housing markets throughout New York State since our inception in 1974.
Today, CPC stands as the largest CDFI solely committed to investing in multifamily housing, having invested more than $15 billion to finance the creation and preservation of more than 230,000 units of quality housing in neighborhoods across New York State and beyond. CPC has a robust construction lending platform, a mortgage bank, and equity and impact investment platforms that focus on our three goals: Expanding Affordable Housing, Closing the Racial Wealth Gap and Investing in the Green Economy.
As a member of our team, you’ll have the opportunity to work on impactful projects that make a real difference in people’s lives. We’re looking for talented individuals who are passionate about our mission and share our values of commitment, respect, excellence, accountability, and collaboration.
About CPC Mortgage Company:
CPC Mortgage Company is CPC’s Agency lending subsidiary and is the only nonprofit-owned multifamily lender offering a suite of Freddie Mac, Fannie Mae, and Federal Housing Administration (FHA) multifamily mortgage products nationwide. Our products cover a range of borrower needs, from affordable, workforce, and conventional permanent mortgages to bridge and subordinate debt. Our team provides a unique blend of expertise that combines the trademark service and execution our borrowers value, with a focus on social impact through our investments in housing and communities.
Role Summary:
We’re looking for a Senior Associate, Processing (Agency) who will provide loan processing support for our team. You will work with Underwriting Analysts, Underwriters, and/or Freddie Mac/Fannie Mae and Originations team on setup of loan applications and submission of loan packages. The ideal candidate is highly organized, proactive, and comfortable managing multiple deals with competing deadlines.
What You’ll Do:
•
Independently coordinate and manage meetings, property site visits, due diligence activities, and key transaction milestones to support loan originations and underwriting efforts.
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Assist in preparation, review, and submission of CPC applications, underwriting packages, Agency Multifamily loan processing documentation, and related materials, ensuring accuracy, completeness, and compliance with program requirements.
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Serve as a primary point of contact among Underwriters, Analysts, Originators, Agency Multifamily representatives, borrowers, and third-party vendors to drive transactions forward and proactively resolve issues.
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Independently assess documentation requirements for new loan originations and ensure all underwriting package components are collected, reviewed, and submitted within established deadlines.
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Manage and oversee outstanding items lists and due diligence tracking, proactively communicating with borrowers, sponsors, and internal stakeholders to ensure timely delivery of required documentation.
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Maintain, validate, and reconcile information within agency, company, and loan origination systems, ensuring data integrity throughout the transaction lifecycle.
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Partner closely with Underwriters and Originators to ensure complete submissions and the preparation of materials for internal and external approval processes.
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Coordinate the ordering, monitoring, and distribution of third-party reports, ensuring timely delivery and resolution of issues that may impact underwriting or closing timelines.
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Monitor changes to Freddie Mac, Fannie Mae, CPC, and other applicable program requirements and provide recommendations to enhance internal processes and controls.
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Conduct comprehensive reviews of loan files to confirm completeness, identify potential submission concerns, and escalate material issues as appropriate.
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Participate in special projects, process improvement initiatives, training efforts, and other strategic departmental objectives.
Skills and Experience:
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Bachelor’s degree with 5+ years of relevant multifamily real estate finance or loan processing experience preferred.
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Strong analytical, problem-solving, organizational, and multitasking skills.
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Strong knowledge of Freddie Mac, Fannie Mae, affordable housing, and/or conventional multifamily lending programs, including documentation, underwriting, and closing requirements.
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Demonstrated ability to independently manage multiple complex transactions simultaneously while meeting deadlines in a fast-paced environment.
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Ability to work both independently and collaboratively, taking ownership of processes and driving transactions from inception through closing with minimal oversight.
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Advanced proficiency in Microsoft Office Suite (Excel, Word, PowerPoint, Outlook), Adobe Acrobat, and loan origination or underwriting systems.
What We Offer:
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Competitive compensation
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401(k) retirement plans with employer match
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Medical, dental, and vision benefits for employees and their dependents
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Commuter benefits
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PTO for vacation, personal days, sick leave, holidays, jury duty, bereavement, parental leave, and disability
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Tuition assistance program
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Two “work from anywhere” weeks per year
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Summer Fridays
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Collaborative working spaces
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Service days to support our communities
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Employee development and engagement events
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More about our offerings and culture here
This is a hybrid role where you will work from the Manhattan office three days a week. The salary range is $85,000 – $100,000, dependent on experience.
Legal
Applicants must be authorized to work in the United States. The Community Preservation Corporation does not provide employment sponsorship of any kind. Candidates are responsible for ensuring they meet all minimum qualifications for the position at the time of application.
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.
More roles at Community Preservation Corporation
Director, Construction Risk Management (Affordable Housing Finance)Director, Construction Risk Management (Affordable Housing Finance)Assistant Mortgage Officer (Multifamily & Affordable Housing Lending)Assistant Mortgage Officer (Multifamily & Affordable Housing Lending)Director / Senior Director, Asset Management (Multifamily Loans / Affordable Housing)
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