Director, Loan Originations
Detroit, MI · On-site
Company Description At Cinnaire, we are so much more than a financial partner-we are dedicated changemakers committed to building stronger, inclusive communities. Our team of over 170 passionate ...
Director, Loan Originations
Detroit, MI · On-site
Company Description At Cinnaire, we are so much more than a financial partner-we are dedicated changemakers committed to building stronger, inclusive communities. Our team of over 170 passionate ...
Cinnaire information
What is Cinnaire and what does the company do?
Cinnaire is a nonprofit organization specializing in community development and affordable housing. The company partners with investors, developers, and communities to finance and support affordable housing projects, economic development, and neighborhood revitalization. Cinnaire provides financial resources, technical expertise, and advocacy to help create healthy and equitable communities, primarily across the Midwest and Mid-Atlantic regions. Their services include low-income housing tax credits, lending, and property management solutions to foster positive community impact.
What are the key skills and qualifications needed to thrive as a Cinnaire employee, and why are they important?
To thrive at Cinnaire, a leading community development financial institution, you need a solid background in finance, affordable housing, or community development, often supported by relevant degrees or industry certifications. Familiarity with financial modeling tools, loan processing systems, and compliance software is typically necessary. Strong interpersonal skills, attention to detail, and a collaborative mindset help build relationships with partners and stakeholders. These abilities ensure effective project management, regulatory compliance, and the advancement of impactful community initiatives.
What does a typical day look like for someone working at Cinnaire in an asset management role?
In an asset management role at Cinnaire, your day typically involves monitoring the performance of affordable housing properties, reviewing financial statements, and ensuring compliance with investor and regulatory requirements. You'll collaborate closely with property managers, development teams, and investors to address operational challenges and optimize property performance. Regular site visits, preparing reports, and participating in team meetings are common weekly tasks. This role offers a dynamic environment with opportunities to develop expertise in real estate finance and affordable housing, while working as part of a mission-driven team.
What is the difference between Cinnaire vs Loan Officer?
| Aspect | Cinnaire | Loan Officer |
|---|---|---|
| Primary Role | Financial organization specializing in community development and impact investing | Individual responsible for evaluating and approving loan applications |
| Credentials | Typically requires finance, real estate, or community development background; certifications vary | Often requires finance, banking, or real estate experience; licenses may be needed |
| Work Environment | Nonprofit or mission-driven financial institutions, community development agencies | Commercial banks, credit unions, lending institutions |
| Industry Usage | Used in community development finance, impact investing | Commonly used in banking, lending, and mortgage sectors |
While Cinnaire focuses on community development finance and impact investing, Loan Officers work within banks or lending institutions evaluating loan applications. Both roles require financial knowledge, but Cinnaire emphasizes social impact, whereas Loan Officers focus on individual loan approval processes.
What cities are hiring for Cinnaire jobs? Cities with the most Cinnaire job openings:
What states have the most Cinnaire jobs? States with the most job openings for Cinnaire jobs include:
What job categories do people searching Cinnaire jobs look for? The top searched job categories for Cinnaire jobs are:
Full-time
Medical, Dental, Vision, Life, Retirement, PTO
Posted 18 days ago
Job description
Company Description
At Cinnaire, we are so much more than a financial partner-we are dedicated changemakers committed to building stronger, inclusive communities. Our team of over 170 passionate individuals shares a common purpose: to empower people and places through financial solutions that drive lasting impact. Every day, we ask ourselves, "What kind of difference can we make in communities today?"-and then we take action.
What We Do
We believe in a hands-on, people-first approach to advancing change. By actively engaging with communities where we live and work, we listen, learn and develop tailored solutions that address real challenges. As a community development financial institution (CDFI), we provide creative capital solutions for projects that deliver high social value-initiatives that may not otherwise receive support from traditional financial institutions.
How We Do It
Cinnaire serves as a catalyst for community-driven solutions, equipping developers, partners and socially motivated investors with the resources they need to create meaningful impact. We fill funding gaps in community development by leveraging capital and expertise from both public and private sector partners, bringing transformational projects to life.
Headquartered in Lansing, Michigan, we have offices in Detroit and Grand Rapids, MI; Madison, WI; Chicago, IL; Indianapolis, IN; and Wilmington, DE. Our impact extends across Michigan, Wisconsin, Minnesota, Indiana, Illinois, Pennsylvania, New Jersey, Delaware, and Maryland, where we provide financial and development support to our communities.
Job Description
Job Summary: The Director, Loan Originations (DLO) is a leadership position within Cinnaire Lending Corporation (CLC) that reports to the SVP, Loan Origination Services. The DLO is responsible for managing the Loan Originations team, which includes Loan Officers and Assistant Loan Officers working across CLC's nine-state geography in the Midwest and Mid-Atlantic regions The DLO fosters collaboration between Loan Officers and internal loan referral sources, including Cinnaire Corporation Market Leaders and the Cinnaire Equity Partners business development team. The DLO also leads the development of new referral relationships to support the CDFI's growth strategy.
Essential Duties and Responsibilities:
- 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. Provides materials to support advocacy efforts as needed.
- Keeps abreast of trends, new product offerings, and innovative loan origination strategies in the affordable housing and CDFI lending field.
- Provides industry and market insights to the leadership team in support of expanding products and services to meet market needs.
- Represents Cinnaire Lending at industry conferences and other events to generate lending and loan participation opportunities.
Qualifications
- Bachelor's degree from an accredited college or university required.
- Strong communication and collaboration skills.
- Experience leading and motivating teams of skilled professionals.
- Seven or more years' experience in a business development capacity for a community development lender, preferably at a certified Community Development Financial Institution.
Additional Information
Key Competencies:
- Customer Focus: Stays ahead of customer needs and uses insight to develop new and/or modify client services
- Perseverance: Accept uncertainty by remaining focused and engaged on assignments; look for plausible solutions to difficult problems.
- Leadership: Demonstrates leadership through actions. Creates a culture of accountability.
- Inclusion Awareness: Identifies the benefits and advantages of harnessing collective insights from various individuals in the organization.
Reporting Relationship: Reports to Senior Vice President, Loan Origination Services
Supervisory Relationship: Loan Officers, Assistant Loan Officers
Physical Requirements: Ability to work on a computer for extended periods of time.
Travel Required: 30%
Benefits Offered: Medical, Health Reimbursement Account, Flexible Spending Accounts (medical and dependent care), Dental, Vision, Life Insurance, Accidental Death & Dismemberment, Long-Term Disability, Employee Assistance Plan, Pet Insurance, Identity Theft Protection, Paid Mobile Phone Service, Unlimited PTO, Incentive Compensation, 403(b) Plan, and Profit-Sharing Plan.
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. As a part of this commitment, Cinnaire is dedicated to providing access, and reasonable accommodation in its services, programs, activities, recruitment and employment for qualified individuals with disabilities