Careers at CPC


Portfolio Administrator Permanent Team

The role of the Portfolio Administrator in the Permanent Team is to provide loan administration, asset management, and closings for a portfolio of loans, while providing superior customer service to both internal and external customers.

Roles and Responsibilities:
  • Work with Borrowers and Origination staff to collect/review underwriting packages and closing documents for thoroughness, accuracy, and compliance with the RAAC. Coordinate closing with all appropriate parties.
  • Drafts closing letters, escrow worksheets, accounting and loan setups and other exhibits and post-closing documentation for all new business construction loan conversion closings, and permanent loan closings and coordinates disbursement of funds in accordance with appropriate policies and procedures.
  • Monitors new business and conversion pipeline in support of the Portfolio Managers and Analysts
  • Obtains Mortgage Insurance Effectiveness
  • Monitors insurance requirements for all assigned loans.
  • Prepares loan packages for delivery to investors prior to the delivery date.
  • Sets-up new loan files with all the loan documents and enters all loan terms in Strategy. Mails “Hello” letters to borrowers and sets up First American tax service.
  • Manages the loan portfolio to ensure compliance with loan documents and investor requirements.
  • Monitors tax/water/insurance status payments on loans, obtaining appropriate documentation and updating files and electronic systems and processes escrow disbursements.
  • Receive, review and process requests for reimbursement for capital improvements from borrowers, as appropriate.
  • Runs escrow analyses for the assigned portfolio of loans annually or upon borrower request. Release surplus or adjust, as appropriate.
  • Monitor and process loan payoffs in accordance with policy and procedure.
  • Review and process Special Consents and Loan Assumptions in accordance with policy and procedure.
  • Monitor, track and follow-up on delinquent loans, as appropriate.
  • Answer borrower/field office/investor queries.
  • Monitor, track and process maturing loans, as appropriate.
  • Perform financial analysis on loans, as required.
  • Monitor Repair Escrow Completion Dates and process, as appropriate.
  • Run UCC expiration query on a monthly basis, file State and County UCC renewals prior to expiration.
  • Perform other administrative duties, as directed.

Knowledge and Experience:

  • BA/BS required. Business related degree preferred
  • 2+ years’ experience working in a professional office environment preferred
  • Proficiency in MS Excel and MS Word.
  • Superior communication skills required.

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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