Careers at CPC 

Portfolio Manager

The Portfolio Manager will be responsible for managing the permanent loan closings team.

Roles and Responsibilities:

  • Manage a team of professionals responsible for Permanent Loan closings, conversations and sales to secondary markets.
  • Train staff and implement development plans.
  • Review all underwriting packages and closing documents for thoroughness, accuracy, and compliance with CPC’s policies and procedures and investor requirements.
  • Review and approve draft closing letters, escrow worksheets, and post-closing documentation for all permanent loan closings.
  • Review and approve all assumption packages financial analyses and property inspections for loan portfolio.
  • Review and approve reserve disbursements and pay-off letters.
  • Prepare cash management reports, closing pipelines and closing board reports.
  • Manage relationships with SONYMA, REMIC, and CPC’s permanent loan investors.
  • Manage CPC’s portfolio of warehoused loans and loans without SONYMA effectiveness.
  • Manage the FMAC, FNMA, and CME closing and servicing portfolio and associated relationships.
  • Oversee all closing, secondary market sales, and FMAC/FNMA reporting and processing.
  • Assist with all PSD special projects, as needed.

Skills and Experience:

  • BA/BS required.
  • A minimum of 5 years’ loan servicing/closing experience.
  • Experience managing the work of others.
  • An excellent knowledge of the McCracken System is preferred.
  • An in-depth knowledge of loan servicing procedures and requirements.
  • Strong communication, customer service, and organizational skills.
  • Proficiency in Microsoft Word and Excel.

Apply here: https://home2.eease.adp.com/recruit/?id=16808182


 

Freddie Mac Mortgage Analyst - Albany Office

The Freddie Mac Mortgage Analyst in the Albany Office under moderate supervision, will work closely with Mortgage Officers on preliminary evaluation of loan applications to determine Freddie Mac eligibility and assist in evaluation of proposed loans for credit risk, negotiate and obtain deal approvals.

Roles and Responsibilities:

  • Analyze and underwrite complex multifamily real estate transactions, including but not limited to, reviewing third party reports, borrower financial positions, market analysis, property condition and presenting deals for approval.
  • Make decisions on Program eligibility and if appropriate works with Freddie Mac, following established guidelines, on loan request submission.
  • Provide day-to-day financial, market and underwriting analysis of multifamily loans.
  • Review and evaluate loan files for risk issues and potential misrepresentation.
  • Evaluate the degree and seriousness of data discrepancies and takes appropriate action.
  • Work with Freddie Mac underwriters upon final submission of loan to Freddie Mac.
  • Identify and gather pertinent information on economics of properties to be used in evaluating Program eligibility.
  • Review files for completeness and identifies critical missing information.
  • Review and comprehend Freddie Mac loan requirements and stays current on changes made by the agency.
  • Perform other related duties as assigned.

Skills and Experience:

  • Bachelor’s degree in Finance, Economics Real Estate or other related field.
  • Minimum of 3 years of commercial loan underwriting experience; knowledge of Freddie Mac product is preferred.
  • Knowledge and understanding of Freddie Mac guidelines including applying Freddie Mac credit parameters in order to minimize credit risk.
  • Exceptional analytical, problem solving and organizational skills.
  • Ability to work in a fast-paced environment.
  • Moderate to advanced Microsoft Office skills, primarily Excel.
  • Effective written and oral communication skills as well as excellent interpersonal skills.

Apply here: https://home2.eease.adp.com/recruit/?id=16731382


 

Freddic Mac Originator

We are seeking a loan originator to be responsible for sourcing and originating mortgage loans for the CPC Freddie Mac Small Balance Loan portfolio and to develop and maintain long-term relationships with appropriate centers of influence to drive origination activities, including, but not limited to: brokers, realtors, builders, attorneys, financial advisors and other external sources.

Roles and Responsibilities:

  • Prospect for new borrower relationships and structure mortgage loans in accordance with both CPC and Freddie Mac Small Balance Loan program.
  • Lead Mortgage Offices from all Field Offices in building the portfolio.
  • Counsel customers on the Freddie Mac Small Balance Loan Program, manage borrower relationships and transactions, successfully guiding borrowers from commitment through underwriting and closing of the loan.
  • Analyze the financial, physical and market suitability of loan against both CPC and Freddie Mac requirements.
  • Lead the due diligence process for all loans in portfolio.
  • Present Loan Packages to Mortgage Committee.
  • Prepare Loan Commitments.
  • Guide customers to appropriate products and staff when the Freddie program is not appropriate to their needs.
  • Perform other duties, as directed or required.

Skills and Experience:

  • Bachelor’s degree required.  Master’s preferred.
  • Minimum of 4 years proven mortgage and customer service experience required.
  • Strong sales, interpersonal and verbal and written communication skills.
  • Knowledge of Freddie Mac guidelines for mortgage lending programs, as well as applicable affordable housing financing experience preferred.
  • Strong quantitative and analytical skills, as well as demonstrated problem solving skills essential.
  • Experience with portfolio and relationship lending is preferred.

Apply here: https://home2.eease.adp.com/recruit/?id=16731442

 

 

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 any questions, please contact Brenda Barnaby  , Human Resources at 646-822-9327.

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.