Housing Loan Coordinator

Job Description:

Housing Loan Coordinator

Description

Summary

Minimum Starting Salary: $47,283.55 (Depending on Qualifications)
This is a Grant Funded Position

The City of Waco Seeks:

The City of Waco is seeking a detail-oriented and client-focused Housing Loan Coordinator to join our team.

Minimum Qualifications;

• Associate’s Degree in Accounting, Business, Public Administration, or a related field and 3 years’ experience with U.S. Department of Housing & Urban Development grants such as CDBG/HOME, other federal grants, and/or Homebuyer and/or home rehabilitation loan program(s) required or an equivalent combination of education and experience.
• Texas Driver’s License required.

Position Description:

Supervises origination, processing, closing, and compliance post-closing of Department of Housing and Urban Development (HUD) grant program loans for the Housing & Community Development (HCD) Department.

Essential Functions:

• Coordinates the day-to-day operation of the rehabilitation. lead abatement and down payment assistance programs.
• Reviews all files for eligibility, accuracy, and completeness, and ensures that all issues have been rectified prior to processing applications for assistance.
• Ensures application for assistance are complete and accurate.
• Determines client’s eligibility (income, availability of funds, etc.).
• Computes the amount of assistance available to client.
• Prepares all documents required to issue commitment and schedules appointment for execution of documents, taking into consideration contractor workload, availability of funds, etc.
• Explains conditions of assistance and program to applicants at commitment.
• Prepares contractor partial payment requests and maintains an accurate ledger sheet on each file listing all disbursements.
• Prepares legal documents for closing and ensures that all documents and follow up is complete before releasing funds for closing.
• Responsible for maintaining related logs and records and preparing necessary reports.
• Orders site specific environmental assessments and lead based paint testing, when necessary.
• Provides prospective applicants with technical guidance to become a first-time home buyer.
• Maintains required logs and records.
• Provides excellent customer service to homeowners applying for housing programs.
• Provides customer service and training on HUD programs and HCD procedures.
• Provides underwriting for the loan portfolio.
• Responsible for the accuracy of all financial information in loan software.
• May be required to respond after-hours, including holidays and weekends, in the event of a departmental or City-wide emergency.
• Performs other related duties as assigned.
• Complies with all policies and standards.
• Supports the relationship between the City of Waco and the general public by demonstrating courteous and cooperative behavior when interacting with residents, visitors, and City staff, maintains confidentiality of work-related issues and City information
• Lives the City of Waco Values: equity & inclusion, excellence & innovation, integrity, people, and teamwork.

The City of Waco offers a complete benefits package for eligible employees including; health, dental, vision, Employee Assistance Program (EAP), Flexible Spending Accounts, life insurance, long term and short term disability, retirement, deferred compensation plans, holidays, vacation, sick leave, credit union and savings bonds.

To learn more about the benefits offered, visit our Benefits page.

Why Work For Waco:

• Meaningful and challenging work
• Make a difference and improve communities
• Competitive Salary and Benefits
  • Full Range of Benefits, including Health, Dental, Vision, Disability, and Life Insurance
  • Mandatory TMRS Retirement Plan with a 2:1 City Match
  • Education Assistance Program
  • Paid Parental Leave
  • Employee Assistance
  • Longevity Pay
  • And More!
• Chance to do work you are passionate about
• Desire to give back

Salary:

Depends on Qualifications