Construction Loan Administrator II

Commercial Construction Loan Administrator

Primary focus of this position is commercial construction; however, it does require the ability to handle both residential & commercial responsibilities. The position is responsible for the timeliness, quality, and accuracy of all aspects of residential and commercial construction loans, budgets and construction draws. Provide appropriate and timely support to all related Credit Union teams/employees, Credit Union members, and 3rd party vendors or related parties. Protect the member and credit union from risks associated with residential and commercial construction lending.

Essential Job Functions

• Assist commercial & SBA lending team with collecting and reviewing required documentation related to construction loans, escrow holdbacks and other related documentation required by policy for the credit approval.
• Communication skills are a critical component required for this position. Maintaining and managing positive relationships with all parties throughout the construction process is crucial.
• High attention to detail is critical.
• Responsible for supporting construction related aspects of the loan closing and construction funding process for all commercial & SBA construction loans.
• Obtain missing documentation pertaining to construction loans in process, construction loan draw requests, final draw requests, and/or any other related task.
• Review construction budgets for accuracy and ensure the budgets are feasible for the project.
• Review construction contracts and related construction documentation to ensure all project associated information is accurate.
• Co-host introduction calls with loan officers to educate members and general contractors on the draw process and expectations of each party throughout the construction of the project.
• Prepare and send welcome packages to the member(s) and general contractor post-closing.
• Process construction draw requests based upon the required documentation and/or coordinating with third party draw monitoring companies to create the complete draw package and submit the completed draw package to commercial or SBA loan servicing for processing/funding.
• Maintain construction files and audit trail for all residential construction files. Ensure all appropriate documentation is saved and accounted for in required electronic destinations.
• Confirm insurance requirements are met and maintained throughout the construction period, including but not limited to builder's risk insurance.
• Complete property inspections for commercial and SBA construction projects to ensure compliance with draw and loan requirements.
• Order property inspections through 3rd party vendors for the draw process.
• Assist with 3rd party invoicing - review for accuracy and submit for payment to accounts payable.
• Document construction project progress and report any issues that present risks to the credit union.
• Keep up to date with changes to loan policies, procedures and compliance rulings affecting real estate, construction and administration.
• Proactively track commercial and SBA construction projects from onset to completion.
• Assist the Portfolio Manager with construction extensions as needed with appropriate internal approvals.
• Assist with other administrative duties as needed.
• Performs other job-related duties as assigned.
• Must be proficient at all duties for the Construction Loan Administrator I position.
• Ability to read and interpret loan documents and to respond effectively to sensitive inquiries or complaints.

Position Required Qualifications

Minimum Education and Experience

High school diploma or GED and 1-2 years of experience in residential and commercial lending origination, processing, servicing or one year experience at Arizona Financial Credit Union.

Knowledge, Skills, and Abilities

High attention to detail. Requires strong relationship management skills partnered with exceptional verbal and written professional communication skills. Problem solving, and interpersonal skills, along with the ability to produce quality work within tight time frames while managing multiple assignments. Position requires the ability to work on the credit union core processing systems and department specific processing systems. Position requires knowledge of residential and commercial lending along with compliance and credit regulations.

Licenses, Training, and Certifications Required

None.

Preferred Qualifications

• Construction Lending Experience
• SBA Lending Experience.
• Candidate must be able to complete construction site inspections and prepare required reports.

Hybrid Work Environment and Physical Demands

• Occasional lifting, 25 lbs. or less
• Ability to safely navigate constructions sites in various stages of construction and all types of weather.
• Sitting and standing for extended periods of time
• Working on a computer for extended periods of time

NOTE: The job description is intended to be generic in nature. It is not an exhaustive list of all duties and responsibilities. Requirements listed in the above qualifications and physical requirements are representative of the knowledge, skill, abilities, physical demands, or work environment required or encountered that must be met by an employee to successfully perform each duty and each function of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform these essential functions.

Employees who work from home must have business operational internet to complete work tasks and communicate via video call or chat messaging systems in a dedicated workspace.