The Cornerstone Fund is a nonprofit social impact lender affiliated with the United Church of Christ. The Fund provides low-cost flexible financing for churches and faith-based nonprofits that create a positive impact in their communities, using dollars invested by churches, faith-based nonprofits, and individuals. Projects range from basic church renovations to affordable housing, solar installations, social enterprises, and large-scale mixed-use development. The Cornerstone Fund, like the United Church of Christ, is a progressive organization that values and promotes inclusion, equality, social justice, and creation care.
In coordination with the Chief Credit Officer (CCO), the Commercial Loan Underwriting Specialist (CLUS) will assist with loan underwriting tasks for lending clients as assigned, and assist the portfolio team with loan processing, loan closing and loan servicing operations as needed. In this capacity, the CLUS will help monitor and fulfill the day-to-day requirements of lending clients and loans in the active pipeline stage with a goal of generating and closing quality loans and will assist with the post-close needs of clients to ensure an overall superlative customer experience. All these efforts are governed by Cornerstone’s overall fiduciary responsibility to protect the investments entrusted to the Fund.
ESSENTIAL DUTIES AND RESPONSIBILITIES
Underwriting:
Train to underwrite loans, including acquisitions, construction loans, solar loans, refinances, and modifications.
Contribute to pipeline meetings by presenting underwriting, reviewing underwriting presented by others, and bringing positive suggestions for procedural and operational improvements.
Maintain records for loans within LUS’s responsibility.
Communication:
Assist the lending team in communication with potential, current and former lending clients from pre-application conversations through loan structuring and closing.
Assist the portfolio team in communication with lending clients through servicing as needed, and for follow-up needs.
Portfolio:
Assist the portfolio team as needed with pre-and-post-close servicing to ensure a superlative customer experience.
Assist the portfolio team with construction draws as needed.
Training:
Work with the Cornerstone lending team to learn Cornerstone’s underwriting process.
Actively seek training to continually improve knowledge of real estate lending by attending courses as directed by the CCO, and/or suggesting other courses.
Desired Candidate Profile:
The CLUS must be self-motivated and conscientious and is expected to possess excellent interpersonal and management skills with a focus on providing excellent service to both internal and external clients. Although basic knowledge of standard lending policies and procedures is helpful, financial acumen, math aptitude and excel proficiency are more important. People who have been successful in this position have had backgrounds in small business or community development lending, church or nonprofit administration and finance, and general banking, but many different backgrounds can be preparatory for this position. Underwriting experience is desirable but not required. As an affiliated ministry of the United Church of Christ, the Cornerstone Fund, and by extension the CLUS, supports the vision of the denomination as a multiracial, multicultural, open and affirming church, accessible to all.
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