The Housing Trust Fund of Santa Barbara County (HTF) is a small nonprofit corporation and certified Community Development Financial Institution (CDFI). We provide financing and Technical Assistance to facilitate affordable housing production as well as first-time homebuyer down payment assistance in Santa Barbara County, CA. Please visit our website to learn more at: www.sbhousingtrust.org
The Workforce Homebuyer Program Loan Administrator has the primary responsibility for receiving, reviewing, underwriting and closing new down payment loans for HTF’s first-time workforce homebuyer programs. He or she is also responsible for managing the Housing Trust Fund’s portfolio of existing loans and providing information periodically needed for reporting to government agencies and investors. The Workforce Homebuyer Loan Administrator reports to the President/CEO and works closely with loan applicants, consultants and community partners (first mortgage lenders, homebuyer education and income certification providers, Title Company staff, HTF bookkeeper, etc.).
Loan Reviewing, Underwriting and Closing:
- Answer applicant questions, provide program materials and assist potential borrowers with applications.
- Receive, screen and underwrite the borrower loan applications; coordinate with first mortgage lenders.
- Carry out due diligence review to determine the applicant’s compliance with basic threshold requirements, financial strength and ability to repay the down payment loan.
- Review application documents for program compliance, including purchase and sales agreement, preliminary title report, appraisal, home inspection report, first mortgage lender documents, etc.
- Prepare borrower loan disclosure and commitment letters and advise borrowers and first mortgage lending partners on the requirements for closing the down payment loans.
- Prepare loan documents and escrow instructions; review due diligence items for loan closing.
- Coordinate with escrow, the first mortgage lender, borrowers and others to confirm that conditions are met to close loans.
- Prepare authorizations to fund loans.
- Assemble borrower loan files and collect post-closing items.
Loan Portfolio Management and Compliance:
- Maintain homebuyer loan files and compliance, including reporting and insurance requirements.
- Work with loan servicing agency and our bookkeeper to ensure accurate loan servicing records.
- Monitor the status of homebuyer loans; coordinate with first mortgage lenders to identify problem loans and assist in development of loan modification plans, if and when necessary.
- Manage upcoming loan maturities and loan payoffs. Prepare payoff demands and reconveyances and coordinate with borrowers and escrow to receive payments. Assist management with handling loan modifications or default, if necessary.
Data Management & Reporting:
- Set up homebuyer loan files; work with CEO to establish loan monitoring and reporting systems.
- Maintain various spreadsheets and/or databases of loan characteristics, performance and impacts.
- Assist with preparation of periodic and accurate reports to the Board of Directors, lending partners, funders and government agencies.
- Assist with updating of program outreach materials and homebuyer workshops
- Occasional travel to conferences, trainings and meetings.
- Other duties as assigned.
- Four years of responsible experience in residential or commercial real estate lending, escrow/title, related or comparable field.
- Knowledge of residential mortgage or commercial loan programs such as loan origination, processing, underwriting, loan closing and/or portfolio management.
- Strong organizational and analytic skills with focus and attention to detail.
- Excellent written and verbal communication skills.
- Ability to work independently and collaboratively.
- Proficiency working with Excel and Microsoft Word.
- Ability to meet with borrowers at the agency’s Goleta field office.
- Must meet character, fitness and criminal background check; will receive training in SAFE Act.
- A four-year college degree in business, finance, real estate, economics, community development, urban planning or a related field, or comparable work experience.
- Experience and positive track record of working with borrowers, consumers or clients.
- MLO license desirable but not mandatory.
- Ability to speak, read and write Spanish helpful but not mandatory.
- Previous management experience; experience with nonprofit agencies helpful.
Part-time employee (20 to 30 hours per week).
- 9 holidays per year
- 10 vacation days per year
- 9 sick leave days per year
- Health benefits and retirement plan
*Note: Benefits are based on an employee who works 40 hours per week and are prorated for employees who work fewer hours per week. For example, an employee who works 20 hours per week will receive one half (50%) of the full-time benefits.
HTF is an Equal Opportunity Employer (EEO). All candidates for employment will be considered without regard to race, color, religion, sex, gender identity, sexual orientation, national origin, physical or mental disability, veteran status, or any other basis protected by applicable federal, state or local law.
How To Apply
To be considered for this position, please send a cover letter, resume, salary history and your salary requirements to email@example.com. This is a part-time 20-30 hour per week position, with future potential for full-time. Please let us know how many hours you would prefer to work. We will consider between 20 and 30 hours per week. No phone calls, please. Open until filled.