Construction Loan Administrator II

Arizona Financial Credit Union•Phoenix, AZ

6h•Hybrid

About The Position

The primary focus of this position is commercial construction, with the ability to handle both residential and commercial responsibilities. The role is responsible for the timeliness, quality, and accuracy of all aspects of residential and commercial construction loans, budgets, and construction draws. This position provides appropriate and timely support to all related Credit Union teams/employees, Credit Union members, and 3rd party vendors or related parties, while protecting the member and credit union from risks associated with residential and commercial construction lending.

Requirements

High school diploma or GED
1-3 years’ experience in commercial lending origination, processing, servicing or disbursements/draws.
Knowledge of commercial lending along with compliance and credit regulations.
High attention to detail.
Strong relationship management skills
Exceptional verbal and written professional communication skills.
Problem solving skills
Interpersonal skills
Ability to produce quality work within tight time frames while managing multiple assignments.
Ability to work on the credit union core processing systems and department specific processing systems.

Nice To Haves

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

Responsibilities

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.
Maintain and manage positive relationships with all parties throughout the construction process.
Support 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 builders 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 the appropriate internal approvals.
Assist with other administrative duties as needed.
Perform other job-related duties as assigned.
Must be proficient at all of the duties for the Construction Loan Administrator I position.