Loan Officer (Full Cycle)

CDLI Overview Community Development Long Island (CDLI) is the only full-service collection of community development entities that change Long Islanders’ lives for success in home creation and financial growth. CDLI supports these achievements on the individual and community level by offering innovative solutions and resources to achieve personal and community economic growth. Position Summary The Full Cycle Loan Officer is responsible for managing the entire loan process from initial client contact through closing and post-closing follow-up. This role involves evaluating borrower eligibility, structuring loan and grant solutions, guiding clients through documentation requirements, underwriting analysis, and ensuring timely loan closings across a variety of state-funded and internally-administered housing and lending programs. The Loan Officer serves as the primary point of contact for clients and delivers exceptional customer service throughout the loan lifecycle.

Responsibilities:

• Manage a pipeline of loan and grant applications from initial inquiry through eligibility review, underwriting, approval, closing, disbursement, and post-closing activities.
• Perform underwriting analysis, including collection and review of income, assets, liabilities, credit history, repayment capacity, debt-to-income ratios, loan-to-value considerations, property information, and other applicable factors.
• Review program-specific documentation, including contractor estimates, scopes of work, property documentation, environmental review materials, closing documents, and other required records.
• Identify and resolve documentation deficiencies, discrepancies, and eligibility issues with clients, contractors, internal staff, and other parties as needed.
• Prepare clear and accurate credit memoranda documenting borrower eligibility, financial analysis, proposed use of funds, exceptions, and recommendations for approval or decline.
• Respond to underwriting and management review comments, revise analyses as necessary, and advance completed credit recommendations through the approval process.
• Maintain accurate program trackers, pipeline records, communication logs, funding records, and file status information.
• Maintain accurate, complete, and compliant applicant files, ensuring required documentation is current and properly maintained in accordance with all applicable federal, State, and company regulations.

Requirements:

• Bachelor’s degree in Finance, Business, Accounting or related field.
• Active NMLS license required
• NeighborWorks® America certifications within 1 year of employment
• Minimum of 3 years experience in Lending
• Strong understanding of automated and manual underwriting processes.
• Demonstrated ability to analyze credit, income, assets, and other borrower documentation
• Experience calculating debt-to-income (DTI), loan-to-value (LTV), and other key risk ratios.
• Strong written and verbal communication skills.
• Proficient in Microsoft 365 (Outlook, Teams, Excel, Word, SharePoint, Copilot).
• Exceptional organizational skills, with the ability to manage multiple active files, priorities, and deadlines.
• Detail-oriented with an ability to work both independently and collaboratively on teams.
• Ability to work select evenings and weekends, approximately 1-2 times per month.

This job description is not intended to be all inclusive and the employee will perform other reasonably related duties as assigned.