Loan Officer

Location: Boston, MA

Work Arrangement: Hybrid

About the Employer

Massachusetts Housing Partnership (MHP) is a quasi-public organization founded in 1985 that expands access to affordable housing and promotes housing equity in communities across the Commonwealth. MHP is now a 70+ employee organization that has delivered $6.5 billion in below-market financing for affordable housing and currently has $1.2 billion in assets under management. Every action MHP takes—whether a loan, grant, professional assistance, or development of state or local policy—has the underlying goal of expanding housing opportunities for Massachusetts residents.

Role Summary

MHP is seeking a Loan Officer to help finance affordable and mixed-income commercial multifamily housing across the Commonwealth. In this role, you will play a direct role in bringing high-quality housing projects to life through underwriting, structuring, and closing complex permanent loans that support new construction, substantial rehabilitation, and refinancing. You will work with a wide range of financing tools, including private bank loans, Fannie Mae affordable housing products, FHA Risk Share, and HUD MAP financings. Our borrowers include nonprofit and for-profit developers of all sizes, and our portfolio spans family housing, senior housing, single-room occupancy properties, and housing serving special-needs populations.

This role owns a pipeline of transactions and works closely with internal partners and senior leadership to move deals forward efficiently and collaboratively. Depending on the portfolio, the Loan Officer may also underwrite working capital lines of credit.

Beyond closing loans, this position contributes to MHP's broader impact through strong borrower relationships, thoughtful input into lending policies and programs, and engagement with industry partners.

What You'll Do

Underwrite, structure, and close complex multifamily affordable housing loans using sound credit judgment and policy interpretation
Prepare clear credit analyses and present recommendations to senior leadership and governance committees
Manage loan closings in collaboration with legal counsel and internal teams to ensure timely execution
Partner with business development colleagues to evaluate opportunities, support borrower relationships, and prepare term sheets
Support and mentor Lending Associates through coaching on loan processing, tracking, and due diligence
Oversee due diligence and third-party reports and incorporate findings into underwriting decisions
Manage multiple transactions at once, identifying risks, resolving issues, and moving deals toward approval and closing
Contribute to the ongoing improvement of lending programs, policies, and professional best practices

Required Qualifications

Minimum of five (5) years of progressively responsible experience in multifamily and/or affordable housing lending, including underwriting and structuring complex transactions
Demonstrated ability to perform advanced credit analysis, apply professional judgment, and integrate policy, market, and risk considerations into sound lending recommendations
Strong proficiency with financial modeling tools and lending-related systems; ability to analyze, interpret, and communicate complex financial information effectively
Working knowledge of affordable housing finance programs and public-sector or mission-driven lending environments, with the ability to interpret program requirements in non-routine situations
Bachelor's degree, or an equivalent combination of knowledge, skills and experience required for the role
Work authorization for any employer in the U.S.
Valid driver's license or ability to acquire one and/or reliable means of transportation

Preferred Qualifications

Experience with Fannie Mae MAH platform

Compensation

$115K–$125K

Benefits

Health insurance through the state's Group Insurance Commission, 403(b) retirement plans with employer match of up to 10% and immediate vesting, annual 5-week paid time off (PTO) and 13 paid holidays, fully paid group term life, short-term and long-term disability insurance, dental insurance through MetLife with 90% of premium covered by MHP, vision insurance through VSP with 50% of premium covered by MHP, medical and dependent care Flexible Spending Accounts, public transportation reimbursement, tuition reimbursement up to $10,000, professional development resources and assistance, first-time homebuyer assistance up to $20,000, generous home office benefit, and membership discount for onsite gym. Hybrid and flexible work schedule available.

Physical Requirements & Working Conditions

Travel may occasionally be required within Massachusetts. The Loan Officer position is designated as Hybrid, which includes both in-office and remote workdays. Positions designated as Hybrid are required to work out of the Boston office two days per week during the first 90 days of employment and may have the opportunity to reduce regular in-office days thereafter upon management approval. This position requires use of MHP's hybrid workplace scheduling software to reserve office desk space each week. At least one office day must be on the designated team day. MHP's office is conveniently located minutes from South Station. The position will utilize an MHP laptop which must be transported to and from the MHP office.

Additional Information

At MHP, staff engagement, inclusion and belonging are integral to everything we do. We value individuals who are intentional about fostering inclusive environments and who recognize the power of diverse perspectives. The person in the Loan Officer position is expected to embody these values not only in their work but in how they build relationships, make decisions, and contribute to a supportive team culture. Any final offer will be based on various factors including job-related knowledge, skills, competencies, and experience. MHP is unable to sponsor or take over sponsorship of an employment visa at this time.

Equal Opportunity Statement

MHP supports equal opportunity employment and all employment-related decisions are made in compliance with federal and state laws.

MHP (Massachusetts Housing Partnership) jobs

Loan Officer