Loan Officer

Company: Enterprise Community Loan Fund

Locations: Columbia, MD; New York, NY; Los Angeles, CA; Washington, DC; Denver, CO; Seattle, WA; San Francisco, CA; Baltimore, MD

Job Function: Lending/Loan Operations


Enterprise is a national nonprofit that exists to make a good home possible for the millions of families without one. We support community development organizations on the ground, aggregate and invest capital for impact, advance housing policy at every level of government, and build and manage communities ourselves. Since 1982, we have invested $54 billion and created 873,000 homes across all 50 states – all to make home and community places of pride, power and belonging.

Enterprise Community Loan Fund (ECLF) is a certified community development financial institution and a member of the Enterprise family of companies. For more information about Enterprise, please visit our website at


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, Washington, DC, Baltimore, Denver, Los Angeles, New York, San Francisco, or Seattle.

Reporting to the Director of Lending, the Loan Officer (LO) is responsible for underwriting loan requests in support of community development projects with particular emphasis on affordable housing and community facilities, including federally qualified health centers and charter schools. Loans will include acquisition, construction, bridge, New Market Tax Credits leverage loans and term loans. The responsibilities also include asset managing a limited number of loans in the portfolio. The Loan Officer is also expected to collaborate with other Enterprise Community Partners divisions.

The LO is expected to develop and maintain external relationships with affordable housing developers, community development organizations, public funders, and other stakeholders operating in the regions the LO covers. The position requires a 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 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.
  • Analyze 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 other Enterprise capital groups and non-capital divisions to coordinate and leverage Enterprise resources, grants, loans and equity to advance projects.
  • Advance Enterprise’s core goals under its 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 (2) years of lending experience, with one (1) year 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.
  • Ability to work independently 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, writing, analytical, communication, and problem-solving skills, with expertise in Excel and working knowledge of Salesforce.
  • 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 10% of the time.

Compensation and Benefits

Salary range of $100,000-$130,000 with a competitive benefits package:

How to Apply

Please apply online at: