Director, Loan Originations
Locations: Lansing, MI; Detroit, MI; Grand Rapids, MI; Chicago, IL; Indianapolis, IN;Madison, WI; Wilmington, DE
Remotely within Cinnaire's Footprint
Role Summary
The Director, Loan Originations (DLO) is a leadership position within Cinnaire Lending Corporation (CLC) that reports to the Senior Vice President, Loan Origination Services. The DLO is responsible for managing the Loan Originations team, including Loan Officers and Assistant Loan Officers, across CLC’s nine-state geography in the Midwest and Mid-Atlantic regions.
The role fosters collaboration between Loan Officers and internal loan referral sources, including Cinnaire Corporation Market Leaders and the Cinnaire Equity Partners business development team, and leads the development of new referral relationships to support the CDFI’s growth strategy.
Team Overview
The Director, Loan Originations, supervises Loan Officers and Assistant Loan Officers and reports to the Senior Vice President, Loan Origination Services.
What You’ll Do
- Train and supervise the Loan Originations team on all aspects of CDFI loan structuring and strategies to manage risk.
- Build loan referral and loan participant relationships with other CDFIs, state housing finance agencies, and other lenders and partners as appropriate.
- Solicit feedback on CLC loan products and work with CLC’s Executive Team to change existing products or develop new products when necessary.
- Set the standards and expectations for customer service for the Loan Originations team.
- Ensure prospective borrowers receive technical assistance as needed.
- Support Cinnaire’s Strategic Communications team in marketing Cinnaire’s lending products and provide materials to support advocacy efforts as needed.
- Keep abreast of trends, new product offerings, and innovative loan origination strategies in the affordable housing and CDFI lending field.
- Provide industry and market insights to the leadership team in support of expanding products and services to meet market needs.
- Represent Cinnaire Lending at industry conferences and other events to generate lending and loan participation opportunities.
Required Qualifications
- Bachelor’s degree from an accredited college or university.
- Strong communication and collaboration skills.
- Experience leading and motivating teams of skilled professionals.
- Seven or more years of experience in a business development capacity for a community development lender, preferably at a certified Community Development Financial Institution.
Required Criteria
- Ability to work on a computer for extended periods of time.
- Ability to travel up to 30%.
Compensation & Benefits
- Medical insurance
- Health Reimbursement Account
- Flexible Spending Accounts (medical and dependent care)
- Dental insurance
- Vision insurance
- Life insurance
- Accidental Death & Dismemberment insurance
- Long-Term Disability insurance
- Employee Assistance Plan
- Pet insurance
- Identity Theft Protection
- Paid mobile phone service
- Unlimited PTO
- Incentive compensation
- 403(b) plan
- Profit-sharing plan
Equal Opportunity Statement
Cinnaire provides equal employment opportunities (EEO) to all employees and applicants for employment without regard to race, color, religion, gender, sexual orientation, national origin, age, disability, marital status, status as a Vietnam-era or disabled veteran, or any other characteristic protected by law. Cinnaire complies with all applicable federal, state, and local laws, regulations, and ordinances prohibiting employment discrimination.
Cinnaire is committed to the full inclusion of all qualified individuals and is dedicated to providing access and reasonable accommodation in its services, programs, activities, recruitment, and employment for qualified individuals with disabilities.
