Senior Commercial Loan Officer - Housing Trust Silicon Valley at Another Source in San Jose, California

Job Description:

Another Source's client, Housing Trust Silicon Valley, is recruiting a Senior Commercial Loan Officer to join their Multifamily Lending Team in San Jose, California. This position will play a vital role in originating and managing loans to housing developers who are creating affordable homes throughout the Bay Area - it is an exciting time to join the team at Housing Trust Silicon Valley! 

This role works a hybrid schedule of three days on-site and two days remote. 

About Housing Trust:  

Housing Trust is leading the effort to create a strong affordable housing market in the greater Bay Area as one of the region’s highest-volume nonprofit housing lenders.  Serving people experiencing homelessness to renters to first-time homebuyers, we assist a wide range of residents with programs across the entire spectrum of housing issues. Since 2000, Housing Trust has invested $509 million – creating over 25,000 affordable housing opportunities serving over 46,000 of our neighbors. Housing Trust has led the way in engaging local corporations and foundations in investing hundreds of millions of dollars to work with us to bring more solutions to the market all while experiencing several years of high growth in our lending business.   

Housing Trust aspires to be a diverse and inclusive organization. We are committed to recruiting, retaining, and promoting diversity in our workforce and leadership to reflect the communities we serve. We believe differences in lived-experiences, cultural backgrounds, and diversity of thought are our strongest assets and contribute to our success. 

Salary:  

Housing Trust offers a competitive compensation package, including a bonus plan and benefits. This is an exempt, full-time position. The annual salary range for this position is $110,000 to $140,000, depending on experience level.  

Benefits Overview: 

• Medical, Dental and Vision benefits fully covered for employees. Eligible dependents covered at 50%. 
• 401K employer contribution at 3% and additional match up to 2%.  
• 3 weeks of paid vacation 
• Commuter Benefits including 100% paid parking 
• 12 paid sick days 
• Paid year-end shutdown 
• End of year bonus 
• Tuition reimbursement program and more... 

Read more about our competitive benefits package. 

Learn more about the team 

Read about what we do 

About the role:  

The Loan Officer reports to the Chief Lending Officer and is responsible for a variety of tasks associated with supporting HT ’s multifamily lending (MFL) team by originating and managing loans to housing developers who are creating affordable homes throughout the Bay Area; Helping implement the Housing Trust Loan Funds to create more homes to reduce homelessness, preserve and create multifamily housing; Fostering successful partnerships with cities, counties, banks, corporations, and community groups. Responsibilities include, but are not limited to the following: 

Position Overview:  

The Loan Officer is responsible for a variety of tasks associated with supporting HT ’s multifamily lending (MFL) team by originating and managing loans to housing developers who are creating affordable homes throughout the Bay Area; Helping implement the Housing Trust Loan Funds to create more homes to reduce homelessness, preserve and create multifamily housing; Fostering successful partnerships with cities, counties, banks, corporations, and community groups. Responsibilities include, but are not limited to the following: 

• Loan Underwriting (~60%)  
• Marketing (~5%)  
• Strategy and General Management (~15%) 
• Loan Administration and Reporting (~15%)  
• Process Improvement (~5%) 

Qualifications: 

• Bachelor’s degree in business, finance, real estate, urban planning, or economics, and at least 4+ years’ experience in affordable housing or real estate lending. Additional years of experience can substitute for a bachelor’s degree.  
• Working knowledge of financial tools and products, including familiarity with public and private funding sources for capital and operating needs related to affordable housing 
• Exceptional relationship-building skills, with a desire to work in a highly external-facing role 
• Experience in analyzing financials of nonprofit and for-profit organizations and real estate operations (particularly rental housing). 
• Working knowledge of due diligence items required to underwrite real estate transactions including appraisals, environmental, and construction cost review reports. 
• Experience working with both private sector financial institutions and public agencies. 
• Working knowledge of federal, state, and local government funding sources for capital and operating needs of multi-family housing, affordable housing and/or permanent supportive housing, (e.g., LIHTC, HUD programs, etc.) desired. 
• Written and verbal communication skills are required. 
• Proficient in Microsoft Office, file management software (Box), and CRM software (Salesforce) 
• Ability to manage multiple tasks while exhibiting strong attention to detail and a high level of accuracy. Strategic thinker, able to envision and articulate creative approaches to address community development opportunities 
• Strong time management and organizational skills and ability to manage multiple tasks requiring attention to detail; ability to meet ambitious goals while working with a high level of independence. 
• Ability to work effectively in a team environment and collaborating across various levels of diversity including race, color, national origin, ancestry, sex, marital status, disability, religious or political affiliation, actual or perceived gender identity, age, or sexual orientation. 
• Embrace a work culture that celebrates creativity and innovation. Operate with the highest degree of integrity 

Housing Trust is an equal opportunity employer to all regardless of race, color, national origin, ancestry, sex, marital status, disability, religious or political affiliation, actual or perceived gender identity, age or sexual orientation. Housing Trust is committed to diversity, equity and inclusion and our goal is to have a workforce (at all job levels) that is representative of the communities we serve. 

Another Source works with their clients, on a retained project basis. We are committed to building inclusive candidate pools as we partner with hiring teams. Veterans, women, people of color, LGBTQIA+, and people with disabilities are encouraged to apply. As you read through the job posting and review the list of qualifications (required and/or preferred), please do not self-select out if you feel you do not meet every qualification. No one is 100% qualified. We encourage you to apply and share your story with us.