Loan Closing Specialist - Hybrid

Job Description and Duties

Note: Effective July 1, 2025, a 3% salary reduction is in place under the Personal Leave Program (PLP), with 5 hours of Personal Leave Credit earned monthly in exchange. This program is subject to change based on union agreements and state budget policy.

This position is located in Sacramento.

At HCD, we are dedicated to fostering a dynamic and inclusive work environment where innovation and collaboration thrive. If you’re interested in promoting safe, affordable, sustainable communities for all Californians, HCD is the place for you. By joining our team, you’ll have the opportunity to make a meaningful impact in your community while working along passionate professionals.

Under the general direction of the Staff Services Manager II, the incumbent independently provides high-level expertise, research, and analysis on technical aspects of the programs and policies of the Division of State Financial Assistance (DSFA) with a focus on Climate Change, Access to Opportunity, & Homelessness Prevention Programs. The incumbent functions as an advisor and lead technical staff to assist with the most complex loan closings during all phases of multifamily loan/grant closings including analysis, oversight, underwriting, change approval, construction and permanent loan/grant closing and disbursement phase of the multifamily housing projects for the DSFA.

Please Note: A Statement of Qualifications must be submitted along with your application in order to be considered for this position. Please see Statement of Qualifications section below for instructions.

Under California Government Code Section 14200, this position is eligible for hybrid telework and may be eligible for full-time remote work in some circumstances and/or time-periods, at the sole discretion of the Department. Telework-eligible applicants must reside in California. Headquarter location will be designated based on the selected candidate's primary residence location. This is subject to change if HCD's criteria is met.

You will find additional information about the job in the .

Special Requirements

Confidentiality

Do not include any confidential information on any documents you submit for a job vacancy, such as your State application, resume, or educational transcripts. Confidential information that should be excluded or removed from these documents includes, but is not limited to, your Social Security Number (SSN), birthdate, student identification number, driver’s license number (unless required), basis of eligibility, examination results, LEAP status, marital status, and age. Confidential information on the first page of applications submitted electronically online, such as Easy ID number, SSN, examination related information, and driver’s license number will automatically be redacted upon submission.

Employment Application (STD.678)

It is a requirement to submit work experience, dates, and hours worked, contact names and phone numbers of supervisors on the state application. Resumes or other documents cannot substitute a state application. Applicants who fail to submit a completed STD. 678 will not be considered.

HCD Disclosure Requirements

Selected candidates may be subject to rules imposed by a Conflict of Interest Code that apply to HCD employees, which may require filing a Statement of Economic Interest (Form 700).

HCD conducts pre-employment background checks on all new to HCD or returning to HCD candidates. This position requires a background check to be conducted in California and cleared prior to being hired.

Per CCR 249.3, this job control may be used to fill subsequent vacancies.

Desirable Qualifications

In addition to evaluating each candidate's relative ability, as demonstrated by quality and breadth of experience, the following factors will provide the basis for competitively evaluating each candidate:

• Knowledge of and experience in loan underwriting, loan document analysis, escrow, negotiation, appraisals, funds disbursal and loan-related report production.
• Ability to effectively interpret regulations, guidelines and policies associated with various affordable housing programs.
• Demonstrated ability to communicate clearly to all audiences (stakeholders, lenders, developers, HCD staff and management, etc.) regarding various affordable housing-related issues.
• An effective self-starter who is also able to work collaboratively when appropriate.
• Ability to prioritize workload without direction as needed to meet deadlines.
• Experience/Knowledge with Real Estate Transactions.
• Experience/Knowledge of Affordable Multifamily Housing Finance and Programs, including Loan Documentation and Multifamily Loan or Grant Closing Experience.
• Communication skills and experience with Sponsors, Lenders, Investors, Consultants, Government and Private Sector Parties.
• Implementing Policies, Procedures, Government Codes, and Regulations.
• Experience Underwriting and Analytical Skills.

Benefits

We offer competitive benefits and flexible opportunities:

• Excellent health, dental and vision benefits for employee/employee’s family
• 401k program
• Flexible Schedules
• Hybrid telework
• Alternate Work Week Schedule options
• Paid Holidays and vacation/leave
• Tax-advantaged savings and spending accounts
• Free Employee Assistance Program
• Investment in your training and development

HCD’s Sacramento Headquarters’ building also offers:

• Convenient transportation options, including light-rail and pre-tax parking
• Free On-site Gym
• On-site Childcare
• On-site Café, Deli, and Grill
• On-site ATM

For more details about employee benefits, visit the

Statement of Qualifications

Interested individuals must submit a Statement of Qualifications (SOQ) in addition to the standard state application (form STD 678). Your SOQ will be considered the first interview for this position. Cover letters and resumes do not take the place of the SOQ. When completing the SOQ, number your responses, include all relevant experience, education, and training, as applicable, and explain all answers thoroughly. Your SOQ should not excee d two pages, single-spaced, Arial 12-point font and address the following:

Indicate your total years of experience when answering the following statements/questions:

1. What skills do you believe are most critical to be successful in this position? Please describe your experience in using those skills.
2. Please provide an example of how you worked within a team environment yet demonstrated the ability to take initiative and work independently as needed. What was the outcome?

Note: Applicants who do not follow these instructions may be disqualified from the selection process.

Visit th e SO Q Checklist for Candidates for tip s on completing a Statement of Qualifications.

Required Application Package Documents

The following items are required to be submitted with your application. Applicants who do not submit the required items timely may not be considered for this job:

• Current version of the State Examination/Employment Application STD Form 678 (when not applying electronically), or the Electronic State Employment Application through your Applicant Account at All Experience and Education relating to the Minimum Qualifications listed on the Classification Specification should be included to demonstrate how you meet the Minimum Qualifications for the position.
• Resume is optional. It may be included, but is not required.
• Statement of Qualifications - Please see the Satement of Qualifications section.