U.S. Bank CDC Affordable Housing - Loan Administrator in Minneapolis, Minnesota
At U.S. Bank, we're passionate about helping customers and the communities where we live and work. The fifth-largest bank in the United States, we’re one of the country's most respected, innovative and successful financial institutions. U.S. Bank is an equal opportunity employer committed to creating a diverse workforce. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, among other factors.
Provides administrative management of a portfolio of assigned Commercial Real Estate – Affordable Housing construction and term loans in accordance with credit policy requirements for risk management. Monitors and collects due diligence items. Works in partnership with Business Development Officers/Project Managers/Asset Managers/Construction Monitoring Analyst as a primary liaison with customers, attorneys, inspectors, and title companies during all phases of financing. Ensures all closing conditions are met and loans are closed and funded within time frames consistent with excellent customer service. Maintains files with sufficient documentation for third party review and prepares files for timely audits.
Bachelor's degree, or equivalent experience
Five to seven years of experience in commercial real estate loan administration
Considerable knowledge of commercial real estate lending including letters of credit, tax credit transactions, borrowing base lending, multi-phased construction, and transactions secured by multiple collateral properties
Strong technical expertise in closing and administration functions
Demonstrated ability to close commercial real estate loans and administer a commercial real estate loan portfolio
Advanced knowledge of commercial real estate finance, law, documentation, accounting and data systems
U.S. Bancorp Community Development Corporation, the tax credit and community development division of U.S. Bank, believes all people have a right to the possibilities that come with living in a safe and vibrant community. Our investments in affordable housing, economic development and renewable energy projects have a lasting social and environmental impact in communities. Visit www.usbank.com/cdc to learn more.
USBCDC puts equity at the center of our intentions, operations and actions. Diverse identities, backgrounds, and perspectives help to create a better workplace for everyone, should be appreciated, and should be intentionally sought out. All our employees should have access to opportunities for growth and development throughout their careers at the CDC. By putting equity at the center, USBCDC will retain great employees who know they will be able to make meaningful contributions and to do their best work here.
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U.S. Bank is an equal opportunity employer committed to creating a diverse workforce. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, among other factors.
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