Loan Origination & Closing Manager

Job Details:

Job Location:

HFHGC Main Office - Charlottesville , VA, Position Type:
Full Time, Salary Range: $60000.00 - $70000.00

Salary/year, Job Category:
Management, Job Description

Location:

Main Office/IX Park/Charlottesville VA

Reports to:

Chief Financial Officer

Travel Requirements: none

Employment Type:

Full-time, salaried, includes some evenings and weekends

Habitat for Humanity of Greater Charlottesville ("Habitat") is a cutting-edge non-profit housing and community development organization creating simple, decent, affordable homes in partnership with low-income families, volunteers, and the communities of the Greater Charlottesville region.

We are advocates, promoting innovations and policy solutions designed to increase the affordable housing supply across the communities we serve.

Home construction capacity is multiplied by a volunteer labor force including homeowner families, corporate, civics, and faith groups.

Habitat is an affiliate of Habitat for Humanity International ("HFHI"), a global ministry working to end housing poverty worldwide.

In 2013, Habitat completed construction at Sunrise, the first trailer park transformation in the nation without resident displacement. Currently, Habitat is redeveloping the Southwood Mobile Home Park with similar objectives. Southwood is the area’s largest single concentration of affordable housing and its greatest remaining redevelopment opportunity. When complete, the redeveloped Southwood will be unprecedented in scale nationally. Habitat has also partnered with the Piedmont Housing Alliance and the City of Charlottesville to purchase the Carlton Mobile Home Park.

In the short term, our plan is to manage the park responsibly while helping residents develop the collective capacity to be leaders in the eventual redevelopment of the property into a mixed-income community without resident displacement.

Habitat is a national pioneer in mixed-income community development. To date, Habitat has contributed to 12 mixed-income neighborhoods and built and sold almost 400 homes.

The Bilingual Loan Origination & Closing Manager (LOCM) is a member of Habitat's Department of Family and Community Partnerships and reports to the Chief Financial Officer. The LOCM guides home buyers through the mortgage origination and closing process, serving as the primary lending relationship manager from mortgage application through closing. The position works closely with Financial Coaches, Home ownership staff, the CFO (and other Finance staff), attorneys, and other partners to ensure home buyers understand their financing, complete required documentation, and successfully progress from mortgage application through home purchase and closing.

Responsibilities begin at loan application: reviewing the application, collecting and verifying income and credit documentation, structuring the mortgage stack, calculating monthly payments, coordinating down payment assistance and creating purchase agreements. The LOCM then orders the appraisal and carries the borrower relationship through title search, closing document preparation, pre-closing education and support, and the final closing meeting.

• Receive referrals from financial coaches once a family has completed readiness milestones; open and manage the loan application.
• Calculate preliminary qualifying income, debt-to-income ratio (DTI), estimated housing payment, down payment requirements, "buy-up" options (Southwood program), and purchasing capacity.
• Assess each applicant's housing goals and financial capacity; counsel them on Habitat program options, available loan products, and down payment assistance resources to help them choose the right path forward.
• Issue initial Habitat loan pre-qualification estimates for prospective Southwood home buyers.
• Walk borrowers through their pre-qualified loan terms, estimated payments, escrow requirements, and closing costs.
• Collect and organize income, credit, debt, savings, and program-eligibility documentation; verify completeness before submission to underwriting.
• Structure each loan, including applicable subsidies, and calculate monthly payments and appreciation-sharing terms in accordance with approved terms and conditions.
• Maintain regular communication with home buyers on loan status, outstanding requirements, anticipated timelines, and next steps.
• Order and manage residential appraisals and coordinate required homeowner's insurance.
• Coordinate with…