Commercial Construction Loan Coordinator

Mountain America Credit Union • Sandy, UT

13h • Hybrid

About The Position

Assists Construction Loan Manager with processing and funding new loan requests and servicing the loans during the construction phase.

Requirements

• One to two years of similar or related experience.
• Equivalent to a two-year college degree or equivalent experience
• Must have the ability to read, understand and carry out instructions in written and oral form.
• Training experience and excellent communication skills required.
• Must be adept at problem-solving and interact well with people.

Nice To Haves

• Processing and/or underwriting experience in commercial or residential construction lending a plus.

Responsibilities

• Requests, follows up and verifies financial and project information to determine compliance with loan guidelines, including but not limited to inspections, title commitments, appraisals, cost breakdown, draw requests, environmental reports, geotech reports, contracts, etc.
• Boards Commercial Construction Loans to Loan Origination System
• Disburses checks accurately on draw requests
• Balances cost breakdown line items for each draw request, using excel spreadsheets.
• Prepares and sends monthly interest statements
• Processes checks received
• Communicates effectively with all parties involved in a construction loan transaction, including owners, borrowers, attorneys, title officers, insurance agents, contractors, inspectors, etc.
• Coordinates loan and draw processing with CRE and SBA Business Development Officers, Underwriters and Servicing.
• Performs personal inspections of construction project sites.
• Updates procedure manuals as needed
• Keeps the Construction Loan Manager informed on the status of files on a regular basis.
• Performs other duties as assigned.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: Associate degree