Loan Officer

Company: Enterprise Community Loan Fund

Locations: Columbia, MD; Baltimore, MD; New York, NY; Washington, DC

Job Function: Lending/Loan Operations


Enterprise Community Loan Fund (ECLF) is a certified community development financial institution and a member of the Enterprise family of companies. Since its founding in 1982, Enterprise, our controlling entity, has raised and deployed $54 billion in equity, grants, and loans to support low-income people and low-income communities including building or preserving 873,000 affordable rental homes. For more information about Enterprise, please visit our website at


The Enterprise Community Loan Fund has an immediate opening for a Loan Officer position. The position would have lending and portfolio responsibilities throughout Enterprise’s national footprint and will be based in Columbia, Maryland, New York City, Baltimore, or Washington D.C.

Reporting to the Director of Lending, the Loan Officer is responsible for underwriting loan requests in support of community development projects with particular emphasis on affordable housing and community facilities, including interim/bridge, New Market Tax Credits leverage loans and permanent term loans. The responsibilities also include asset managing a limited number of loans in the portfolio. The Loan Officer is also expected to be the staff lead in multiple lending initiatives, working collaboratively with local staff of Enterprise Community Partners.

The Loan Officer is expected to develop and maintain relationships with community development organizations and other relevant groups for the regions in which he/she works, as well as field representatives of Enterprise. The position requires an experienced professional with strong analytical, financial and relationship management skills.


  • Contribute to production goals by identifying lending opportunities and originating new loans upon referral through the Enterprise system and external partners.
  • Structure and negotiate financing proposals/commitments and prepare comprehensive written loan packages for review and approval by management or Loan Committee for both direct financing by ECLF and financing through various off-balance sheet funds.
  • Review and interpret third party due diligence reports, including appraisals, market assessments, entitlement/zoning classifications, and environmental reports to determine transaction viability and appropriate loan structure.
  • Coordinate the preparation of commitment letters and loan documents with attorneys.
  • Manage the closing process, including internal and external closing counsel, and the collection, review, approval and execution of all closing items.
  • Manage a limited number of existing loans in the portfolio.
  • Maintain loan files in audit-ready condition to ensure accuracy and completeness.
  • Work cooperatively with local and regional staff from Enterprise Community Partners, Enterprise Housing Community Investment and Bellwether Enterprise to coordinate and leverage Enterprise resources, grants, loans and equity in project development and advancement of the three goals of Enterprise’s strategic plan: Increasing housing supply, advancing racial equity, and building resilience and upward mobility.
  • Maintain up to date entry of activity in ECLF’s Salesforce system.
  • Assist with other projects as needed.


  • Undergraduate degree required; advanced degree in business, finance or related field preferred.
  • Two to Three years of lending experience, with two (2) years of multi-family affordable housing, real estate, underwriting responsibilities required. Community development underwriting and knowledge of various housing programs and the broader community development field is a plus.
  • Demonstrated experience in preparing and negotiating complex, multi-layered transactions and balancing the programmatic needs of community-based organizations with sound underwriting judgment and risk mitigation.
  • Ability to prioritize and manage multiple projects and assignments, meet tight deadlines, and coordinate and communicate effectively across all levels of a large organization.
  • Strong business development, analytical, communication, and problem-solving skills, with expertise in excel and working knowledge of Salesforce.
  • Detailed analytical skills with database management and spreadsheet knowledge.
  • Familiarity with federal, state and local community development programs, particularly programs that finance affordable housing, federally qualified health centers, and charter schools.
  • Ability to travel up to 30% of the time.

Compensation and Benefits

Competitive salary and benefits package:

How to Apply

Apply online at:

Loan Officer