Careers at CPC

Mortgage Officer – Rochester

The role of the Mortgage Officer is to originate Construction and Permanent Loans on a basis consistent with CPC’s mission. The position is responsible for initial underwriting and analysis for appropriate risk, for actively monitoring projects through construction and conversion, and for identifying and addressing problem loans in both the construction and permanent portfolio.
Roles and Responsibilities:
  • Market CPC’s Loan Products;
  • Develop leads for new customers and manage relationships with existing customers;
  • Analyze the financial, physical and market suitability of loan applications to CPC requirements;
  • Work with owners, contractors, engineers, architects, and subsidy providers to structure loan transactions;
  • Present Loan Packages to Mortgage Committee;
  • Prepare Loan Commitments;
  • Oversee Assistant Mortgage Officer(s) to ensure that Due Diligence is performed on all Loan Applications;
  • Interact with Portfolio Servicing Department to ensure a smooth closing to conversion process;
  • Act as liaison between Property Owner, Subsidy Providers and CPC;
  • Monitor progress of Construction Projects;
  • Monitor Delinquent Loans and Work-out Plans.
Knowledge and Experience:
  • Minimum of five years affordable housing finance experience required.
  • Familiarity with underwriting multi-family residential development;
  • Understanding of affordable housing finance required;
  • Sufficient comprehension of financial underwriting to determine the viability of a deal from the mortgage offering, and to explain such viability to borrowers, mortgage committee, and others;
  • Understanding of the various requirements of lenders, co-lenders, investors, and other parties to construction lending;
  • Knowledge of the practical steps needed to meet lending requirements, and how to modify a business deal to meet such constraints and requirements;
  • The ability to understand other parties’ needs, and to explain clearly the soundness of a given problem’s solution;
  • BA/BS degree required.



CPC has offices throughout NY State, and opportunities may become available for Mortgage Officers, Assistant Mortgage Officers, as well as support & clerical staff.  If you have questions, please contact Brenda Barnaby, Human Resources at 646-822-9327.  The Community Preservation Corporation is an Equal Opportunity Employer.  M/F/D/V