Loan Servicing Intern (Fall)
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New York City Housing Development Corporation
New York, NY, US
Summary
The intern will monitor insurance compliance for projects serviced by HDC and ensure premium invoices are processed correctly. Responsibilities include cataloging insurance certificates, maintaining records in internal systems, and collaborating with administrators to ensure policy compliance.
Job Description
Intern role name: Loan Servicing Intern (Fall)
About HDC
The New York City Housing Development Corporation (HDC) is a public benefit corporation and the nation’s largest municipal Housing Finance Agency. HDC seeks to increase the supply of multi-family housing, stimulate economic growth, and revitalize neighborhoods by financing the creation and preservation of affordable housing for low-, moderate, and middle-income New Yorkers. HDC’s programs support the construction and preservation of multi-family affordable housing in New York City.
Area of Talent: Loan Servicing/Insurance Area
Position Type: Fall 2026
Office Location: NYC/Financial District
Hourly Rate: Undergrad $18.00/hour
If requested, HDC will support an intern’s application for credit or stipend from their school/university.
Position Summary:
The insurance team monitors that projects serviced by HDC have insurance in place at all times and ensures that premium invoices are paid in time for escrowed projects.
Responsibilities:
- Obtaining evidence of insurance and premium invoices from the insurance agents/brokers.
- Review and catalog insurance certificates into KnowledgeLake.
- Ensuring insurance records in Benedict are up-to-date.
- Working with the Loan Servicing Administrators and Managing Agents to ensure insurance compliance.
- Assisting in process efficiencies strategies
Required Qualifications:
- Pursuing a BA, BS degree. This internship is open to all majors, but see “preferred qualifications” below for coursework areas most relevant to this opportunity
- Excellent communication skills
- Proficiency in Microsoft Office (Word, Excel, Outlook, Pivot Table)
- Understanding of basic mortgage and/or insurance concepts helpful
Preferred Qualifications:
- Intermediate coursework in finance, accounting, economics, or public administration
- Knowledge of Federal, New York State, and New York City affordable housing programs is a plus
It is strongly preferred that you submit a cover letter with your resume. You may also fax your resume and cover letter to (212)227-6816.
HDC is an inclusive equal opportunity employer committed to recruiting and retaining a diverse workforce and providing a work environment that is free from discrimination and harassment based upon any legally protected status or protected characteristic, including but not limited to an individual's sex, race, color, ethnicity, national origin, age, religion, disability, sexual orientation, veteran status, gender identity, or pregnancy.
HDC is committed to the full inclusion of all qualified individuals. As part of this commitment, HDC will ensure that persons with disabilities are provided reasonable accommodations. If reasonable accommodation is needed to participate in the job application or interview process, to perform essential job functions, and/or to receive other benefits and privileges of employment, please complete the reasonable accommodations section on the application or contact Human Resources by emailing [email protected].
HDC seeks to increase the supply of multi-family housing, stimulate economic growth and revitalize neighborhoods by financing the creation and preservation of affordable housing for low- , moderate- , and middle-income New Yorkers.
In 1971, the New York State Legislature created the New York City Housing Development Corporation (HDC) as a supplementary and alternative means of supplying financing for affordable housing that was independent from the City's capital budget. At first HDC concentrated on providing financing for large-scale rental developments but now issues bonds and provides subsidy and low-cost loans to develop and preserve a variety of housing, ranging from large to small and rental and homeownership.
The flexibility built into HDC’s authorizing statute allows it to amend its programs and goals in response to the changing economic climate. As a result, HDC has become the leading local housing finance agency in the nation, outperforming many of the nation’s largest banks in the volume and dollar amount of bonds issued. In the 2012 calendar year, HDC was ranked third nationally in Affordable Housing Finance magazine’s annual rating of the top issuers of multi-family bonds, having issued more than $1.8 billion in bonds; more than Bank of America Merrill Lynch, JP Morgan Chase and Capital One, among others. In addition, HDC has devoted more than $1.8 billion in direct subsidy from its corporate reserves to deepen affordability of the residential developments it supports. For more information on the projects and programs we support, please visit our Press Room.
Founded
1971
Company size
201-500 employees
Industry
Banking
Org type
Government Agency
Headquarters
New York, NY
HDC seeks to increase the supply of multi-family housing, stimulate economic growth and revitalize neighborhoods by financing the creation and preservation of affordable housing for low- , moderate- , and middle-income New Yorkers.
In 1971, the New York State Legislature created the New York City Housing Development Corporation (HDC) as a supplementary and alternative means of supplying financing for affordable housing that was independent from the City's capital budget. At first HDC concentrated on providing financing for large-scale rental developments but now issues bonds and provides subsidy and low-cost loans to develop and preserve a variety of housing, ranging from large to small and rental and homeownership.
The flexibility built into HDC’s authorizing statute allows it to amend its programs and goals in response to the changing economic climate. As a result, HDC has become the leading local housing finance agency in the nation, outperforming many of the nation’s largest banks in the volume and dollar amount of bonds issued. In the 2012 calendar year, HDC was ranked third nationally in Affordable Housing Finance magazine’s annual rating of the top issuers of multi-family bonds, having issued more than $1.8 billion in bonds; more than Bank of America Merrill Lynch, JP Morgan Chase and Capital One, among others. In addition, HDC has devoted more than $1.8 billion in direct subsidy from its corporate reserves to deepen affordability of the residential developments it supports. For more information on the projects and programs we support, please visit our Press Room.
Founded
1971
Company size
201-500 employees
Industry
Banking
Org type
Government Agency
Headquarters
New York, NY
