About TruFund Financial Services
TruFund Financial Services, Inc. ("TruFund") is a 501(c)(3) Community Development Financial Institution (CDFI), certified by the U.S. Treasury Department’s CDFI Fund and headquartered in New York City with offices in LA, AL, TX & GA. Our mission is to promote and foster economic development within underserved communities and among disadvantaged populations. TruFund achieves this by providing innovative financial solutions that have a TruImpact, revitalize communities, and create jobs. As a nonprofit, mission-driven entity, TruFund offers affordable loan capital to small businesses and nonprofit organizations that are financially viable but have difficulty accessing capital from banks or other conventional lenders.
Our lending and impact efforts are further enhanced through our two wholly owned subsidiaries: Empowerment Reinvestment Fund, a National CDE offering New Markets Tax Credit to enable access to private investment in distressed communities, and our Tru-Capital Investment Fund – Impact Developers Fund, which provides equity capital to established underrepresented affordable housing developers nationally.
TruFund was established in 2005 as a nonprofit organization dedicated to advancing economic opportunities for people, businesses, and communities in need.
Position Summary
Reporting to the Senior Loan Processor, TruFund Financial Services is seeking a Loan Processor I to join the team of our growing nonprofit community development financial institution and manage all aspects of its lending operations including tracking and reporting on loan production activity within our CDFI investment areas and foot print states to ensure full compliance with Investor and lender program and deployment objectives, applicable state and federal laws and other reports as needed to support Senior Management. Experience in loan processing including in-depth understanding and knowledge of small business and real estate lending processing and procedures.
Estimated Salary: [$47,500-$52,500] per year as well as a full benefits package that includes health, life, dental and disability insurance, sick leave, 2 weeks’ vacation and 12 paid holidays per year. In addition, the position will be remote but preferably based in New York, Texas, Louisiana, Alabama, Atlanta, GA.
Key Responsibilities:
- Process loan requests in our loan process system.
- Reviewing loan inquiries and submissions to ensure the file is complete.
- Work with the borrowers to complete the loan process as well as upload all relevant loan documents.
- Working with the closing department to ensure successful loan closings.
- Work in concert with and support Loan Officers in
