AVP Construction Loan Administration

Nusenda Credit Union•El Paso, TX

About The Position

Nusenda Credit Union is seeking an AVP of Construction Loan Administration to lead construction teams responsible for administering residential homebuilder and commercial construction lending programs. This role ensures effective coordination of underwriting, documentation, origination, draw processing, and project monitoring. The AVP will manage credit and funding risk for the residential homebuilder portfolio and direct funding control processes for commercial projects, collaborating with stakeholders to mitigate risk and ensure an excellent experience for construction projects. Additionally, the AVP will assist the VP Business Services in developing processes, procedures, and systems to increase operational efficiency and sustain growth.

Requirements

Five years to eight years of similar or related experience
Bachelor’s degree in Business Administration, Finance, Accounting, Construction Management, or related field
Experience in mechanic’s lien rights, Power BI, American Institute of Architects (AIA) model contracts and forms, permitting, draw schedules, and subcontractor and materialmen billing practices.
Knowledge of applicable regulations including the Financial Institutions Recovery, Reform, and Enforcement Act (FIRREA), Interagency Appraisal and Evaluation Guidelines, Bank Secrecy Act (BSA), flood insurance, and state-level regulations

Responsibilities

Oversee, coordinate, and assist in the daily activity of the Construction Loan Administration department to include assignment of duties and special projects, monitoring workload and productivity, planning and prioritization, problem resolution, and develops recommendations for change or improvement.
Provide oversight of underwriting, origination, draw processing and project monitoring for commercial construction loan programs, including financing for land development, infrastructure, subdivision, ground-up construction, large-scale renovation projects, Small Business Administration (SBA) 504 financing, and for home construction lending programs, including committed and uncommitted master guidance lines for homebuilders and specialty residential construction loan products.
Oversee administration and credit risk management for the residential homebuilder portfolio, monitoring master guidance line exposure to ensure compliance with approved loan structures, commercial loan policy, and applicable regulations from the National Credit Union Administration (NCUA) and other agencies.
Monitor market trends and risks impacting the residential homebuilding industry using third-party data sources such as IBISWorld, CoStar, and publications from homebuilder industry associations, realtor associations, universities, and research centers.
Review and approve exceptions in the processing and funding of residential construction loan draws or escalate exceptions for approval in collaboration with the VP of Credit Administration.
Monitor, compile, analyze, and report to senior management on the overall performance, productivity, risk, and profitability of the residential homebuilder portfolio.