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GENERAL PURPOSE OF POSITION
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 enterprise, 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 Lending Officer (CLO) and Director of Lending (DL), the Loan Underwriting Specialist (LUS) 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 Loan Underwriting Specialist 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, refinances, and maturity 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 CLO and DL, and/or suggesting other courses.
Desired Candidate Profile:
The LUS must have basic knowledge of standard lending policies and procedures, financial acumen, and math aptitude. Underwriting experience is desirable but not required. The LUS 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. As an affiliated ministry of the United Church of Christ, the Cornerstone Fund, and by extension the LUS, supports the vision of the denomination as a multiracial, multicultural, open, and affirming church, acces