Loan Officer

Job Summary

The Loan Officer is responsible for managing Habitat Minnesota affiliate and nonprofit loan programs, including working with borrowers, underwriting and originating Habitat Minnesota loans; and managing Habitat Minnesota’s Loan Policy & Program Manuals and the credit risk rating process. The Loan Officer partners as a core member of the Lending team, reporting to the Lending Programs Director. This role is responsible for managing the underwriting and origination of the Habitat affiliate loan portfolio from borrower sales to loan closing.

Anticipated outcomes include sourcing and distributing $4 million+ in loans per year primarily to Habitat for Humanity affiliates. The Loan Officer communicates with lenders / funders, and Habitat affiliates; ensures accurate and timely approvals and disbursement; and provides technical support to affiliates in financial management and business planning. The Loan Officer works with the Lending Programs Director and the Finance Team when technical assistance is needed within the affiliate network.

The Loan Officer is responsible for some aspects of the financial management of the organization, including monitoring and updating loan amortization schedules, financial analysis of new and existing loan products, and reviewing monthly trustee and other financial reports for accuracy.

The Loan Officer reports to the Lending Program Director.

Habitat Minnesota offers a comprehensive benefits package that includes vacation and sick leave, 401(k) match, flexible work schedule, health and dental benefits, and others. The salary range for this position is $65,000 to $70,000 based on qualifications.

• Lead, manage, and ensure the successful operation of Habitat for Humanity of Minnesota’s Habitat non‑profit affiliate loan programs to support the mission of Habitat in Minnesota.
• Partner with the Lending Programs Director to create annual loan revenue targets for annual budget and planning purposes.
• Prepare all relevant materials for the Loan Committee of the Board of Directors.
• Coordinate efforts with other members of the Lending and Finance team and Capacity Building team to support affiliate lending opportunities to help increase scale and impact of Habitat affiliates.
• Manage and maintain non‑profit loan policies and procedures to appropriately balance mission‑based lending with risk.
• Implement new loan program and product updates, including managing updates to operational components of the lending process. Examples include updating procedures, the loan software system, and various loan documents from loan application through closing.
• Support reporting, audit, compliance and other data needs specific to lending activities.

• Provide training, technical assistance and customer service to Habitat for Humanity affiliates to ensure broad and successful participation in the loan program.
• Identify and support development services/training opportunities to increase the financial capacity and organizational sustainability of Habitat affiliates to support continued growth and access to loan products.

• Manage an efficient and effective loan application process for Habitat affiliate loans; loan types may include predevelopment loans, construction loans, working capital loans, and patient‑capital loans for flexible affordable home ownership uses.
• Underwrite loans with special attention paid to Habitat affiliate cash‑flow history and projections and ability to repay.
• Perform loan write‑ups and staff recommendations to be reviewed by the Lending Programs Director, Loan Committee and Board; and obtain committee and board approval.
• Prepare loan closing documents, execute loan closings, and ensure proper disbursement of funds.
• Organize and file all loan documentation, ensuring original documents get to the Trustee, and copies of all documentation remain on file with Habitat MN and the affiliate.
• Support loan pipeline management to maximize efficient and cost‑effective…