Lending​/Loan Operations

Founded in 1989 as a 501(c)(3), Housing Development Fund is a community development financial institution. Housing Development Fund (HDF) is an A+ Aeris-rated CDFI focused exclusively on housing lending in Connecticut and New York and currently managing a portfolio of approximately $75M in assets. HDF’s mission is to facilitate the development of affordable rental and home ownership opportunities. We accomplish this by helping households become and remain owners of affordable homes, as well as financing the development of rental and home ownership opportunities for low- and moderate-income households.

By providing free counseling and unique lending products to first-time home buyers and developers, HDF helps families achieve housing stability. HDF is a team of approximately 22 employees who work in a hybrid/remote format with an office in Stamford CT.

This is a permanent, full-time (exempt) position s position is hybrid/remote with a preference for Connecticut or New York residents who can come to the Stamford office at least once and ideally twice weekly.

The Chief Commercial Lending and Operations Officer will play a pivotal role in supporting and guiding HDF’s commercial lending activities in support of our mission to create more rental and home ownership activities in Connecticut as well as overseeing some organizational operations. The Chief Commercial Lending and Operations Officer oversees the Commercial Lending Department including the strategic planning and operations of the department and an existing portfolio of construction and permanent loans across Connecticut.

This position will oversee the Director of Commercial Lending and Commercial Accounts Manager who together manage loan originations, underwriting, approving, closing and monitoring all commercial loans made by HDF and with our consortium of bank and philanthropic partners. This role will take a team approach to growing HDF’s portfolio of commercial loans through streamlining department operations utilizing existing and new technologies with a goal to maximize efficiency and organization in processing, underwriting, closings, advances, record keeping and auditing.

This role will also support the CEO in management of relationships and legal agreements with existing funding partners.

Approximately 25% of CLOO time will also be spent overseeing specific organizational operations including hiring processes, retention and benefits, employee review and some technology programs and platforms including HDF’s existing AI software and other data reporting tools. The CLOO will communicate with the CEO and work closely on these functions with strong collaboration and support from HDF’s existing Data and Administrative Manager, the Director of Audit and Internal Controls, IT Analyst, CFO and external vendors and partners.

• Oversee and actively manage Commercial Lending team including Director of Commercial Lending, Commercial Accounts Manager and external consultants supporting HDF on specific programs. Oversee strategic planning of commercial lending operations at HDF including targeting, project tracking metrics, impact, outreach and marketing.
• Oversee and support the Director of Commercial Lending and Commercial Accounts Manager with acquiring and reviewing new loan opportunities, determinations regarding funding resources, guiding loans through the underwriting, approval and closing process including managing document collection, legal counsel review, closings and advances. This may include performing any of these functions at any time to ensure timely deal flow and manage team capacity.
  
  Review and sign-off on all loans, advances, audits and other standard processes with clear task delineation of the team.
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