Construction Loan Coordinator

Description

Washington Trust Bank is looking for a dynamic candidate for our Construction Loan Coordinator role. This is a great opportunity to collaborate with a specialized team and manage Commercial Real Estate loans to completion, providing direct support to Relationship Managers in the origination, processing, and closing of commercial and residential construction loans.

Candidates with experience in construction loan administration, commercial real estate loan documentation, or a strong understanding of construction loan due diligence are encouraged to apply.

Location : Spokane, WA or Meridian, ID. Onsite work required.

Essential Functions :

• Orders and reviews supporting loan documentation such as title reports, appraisals, environmental reports and flood insurance verifications. Ensures compliance with pre- and post-closing requirements pursuant to the credit authorization.
• Prepare requests for loan documentation packages for new and renewed loans and ensures applicable loan documents have been accurately prepared.
• Closes commercial / residential construction loans. Prepares and records applicable closing documents. Coordinates closing and funding with borrowers, title companies and closing attorneys as required.
• Sets up and maintains thorough and accurate credit and draw files for residential and commercial construction loans.
• Administers the construction draw process, which includes reviewing draws, updating budgets, ensuring loans are balanced, reviewing inspection reports and identifying potential construction and title issues.
• Responsible for ensuring completeness and accuracy of draw packages and obtaining appropriate approval prior to funding.
• Tracks delinquent interest payments on all commercial real estate loans.
• Oversees the lot releases on development loans and release of collateral for all commercial real estate loans.
• Obtains set-aside letters and Letters of Credit for commercial real estate loans according to terms provided by City and County agencies, keeping consistent with WTB policies and procedures.
• Works closely with relationship managers, borrowers and all other authorized parties affiliated with each loan transaction to ensure deadlines are met.
• Provides timely and excellent customer service.
• Performs compliance and risk management duties as assigned.
• Responsible for entering correct data into the core system for commercial real estate management reports.

Requirements :

Pay Range :

Construction Loan Coordinator I : $23.51 - $35.30

Construction Loan Coordinator II : $25.60 - $38.40

The compensation range represents the low and high end of the base compensation range for this position. Actual compensation will vary and may be above or below the range based on various factors including but not limited to location, experience, and performance. This position is also eligible to participate in an applicable incentive compensation plan.

What Our Culture Can Offer You :

Our benefit philosophy is to provide you with a comprehensive package to secure your overall wellness and help you become and remain a fulfilled and productive employee. Our benefits include Health, Financial, Retirement and Work / Life Benefits. We are proud to share an overview of our benefits HERE as part of your total compensation.

Washington Trust Bank celebrates diversity in the workplace and actively recruits talent to help reflect the unique communities where we live and work. We are proud to be an equal opportunity employer and prohibit discrimination or harassment based on race, religion, sex, gender identity, sexual orientation, national origin, age, pregnancy, disability, genetic information and any other protected characteristics outline by state, federal and local laws. We believe strength comes from the diverse backgrounds and experiences of our team, and we are dedicated to fostering a supportive and inclusive work environment.

Equal Opportunity Employer / Protected Veterans / Individuals with Disabilities

This employer is required to notify all applicants of their rights pursuant to federal employment laws.

For further information, please review the Know Your Rights notice from the Department of Labor.