About Us: The Community Preservation Corporation (CPC) believes stable and sustainable affordable housing is the foundation of strong communities and we strive to contribute to comprehensive neighborhood revitalization through our lending and partnerships. A nationally recognized leader in affordable housing finance, CPC has provided a consistent source of capital to underserved housing markets throughout New York State since our inception in 1974. Today, CPC stands as the largest CDFI solely committed to investing in multifamily housing, having invested more than $15 billion to finance the creation and preservation of more than 230,000 units of quality housing in neighborhoods across New York State and beyond. CPC has a robust construction lending platform, a mortgage bank, and equity and impact investment platforms that focus on our three goals: Expanding Affordable Housing, Closing the Racial Wealth Gap and Investing in the Green Economy. As a member of our team, you'll have the opportunity to work on impactful projects that make a real difference in people's lives. We're looking for talented individuals who are passionate about our mission and share our values of commitment, respect, excellence, accountability, and collaboration. Role Summary: We are seeking an experienced and highly motivated Commercial Real Estate and Foreclosure Paralegal to support our legal team in handling a variety of complex real estate transactions and loan enforcement matters. The ideal candidate will have strong organizational skills, an understanding of construction and permanent lending, mortgage foreclosure procedures, title issues, and will have the ability to manage multiple tasks in a fast-paced environment. What You'll do:
- Review and organize physical and electronic loan files in preparation for referral to outside counsel for legal action, including summarizing and indexing documents
- Review draft documents for accuracy and completeness
- Organize, maintain and update tracker of loan/legal action status
- Locate recorded documents on ACRIS or other public sites
- Organize and maintain electronic loan files, enter information in databases as needed and ensure proper record keeping in connection with loan and legal matters
- Review and analyze foreclosure-related documents, including mortgage agreements, guaranties and title reports
- Track and pay invoices for the department, as required
- Prepare litigation and loan closing packages, as directed
- Coordinate, draft and document Maturity Extension Agreements (MEA), as necessary
- Assist with and/or directly close loan transactions, as requested
- Coordinate and/or conduct closings of participation sales assigned to the Legal Department as requested
- Coordinate required paperwork to facilitate the creation of new legal entities, as necessary
- Provide quality customer service both internally and externally
- Consistently and effectively communicate the Legal Department Executives' messages and comments to internal and external representatives
Skills and Experience
- Bachelor's degree and 3 to 5 years' experience as a paralegal
- Experience with commercial loan closings and/or servicing
- Familiarity with New York mortgage foreclosure procedures
- Familiarity with New York real estate title insurance procedures and policies
- Familiarity with real estate closing procedures and commercial real estate finance
- Expertise in Microsoft Word, PowerPoint and Excel
- Superior written and verbal communication skills
- A mathematical aptitude sufficient to understand as well as to prepare reports related to commercial lending
- Notary license or willingness to obtain same
What We Offer:
- Competitive compensation
- 401(k) retirement plans with employer match
- Medical, dental, and vision benefits for employees and their dependents
- Commuter benefits
- PTO for vacation, personal days, sick leave, holidays, jury duty, bereavement, parental leave, and disability
- Tuition assistance program
- Two work from anywhere weeks per year
- Summer Fridays
- Collaborative working spaces
- Service days to support our communities
- Employee development and engagement events
- More about our offerings and culture here.
This is a full-time, hybrid role where you will work from the Manhattan office two - three days a week. The salary range is $75,000 - $95,000, dependent on experience. The Community Preservation Corporation is an Equal Opportunity Employer and all employment-related decisions including recruitment, selection, evaluation, promotion, compensation, training and termination are made without regard to race, creed, color, national origin, sex, disability, marital status, status as a veteran, sexual orientation or gender identity, or any other protected status.