Construction Loan Processor

AgWest Farm Credit•Spokane, WA

4d•Hybrid

About The Position

AgWest Farm Credit is seeking a Construction Loan Processor II to join their Specialized Lending department in Spokane, Washington. This full-time role is responsible for processing construction loans, which includes managing documentation, verifying borrower information, ensuring compliance with lending regulations, monitoring construction progress, and disbursing funds. AgWest Farm Credit is a member-owned financial cooperative serving farmers, ranchers, agribusinesses, and other rural clients across the Western United States, and is part of the established Farm Credit System.

Requirements

High school diploma or equivalent
Previous and progressively responsible relevant experience in lending, banking or related field, generally over the span of at least two years
Ability to effectively learn and utilize a wide variety of systems/software
Knowledge and demonstration of effective customer service and verbal/written communication skills
Proven ability to understand and complete credit and financial documents
Awareness and understanding of applicable industry regulations
Knowledge of credit investigation and verification practices
Knowledge of loan closing processes
Proficient in Microsoft Office Suite, with comfort and working knowledge of Excel
Ability to obtain and maintain a MNLS license within six months of assuming the role

Nice To Haves

Relevant experience in lending, banking, or a related field
General knowledge of applicable credit laws and regulations, and legal terminology
Knowledge of credit investigation and verification practices
Knowledge of loan closing processes
Knowledge of construction

Responsibilities

Prepare and process construction home loan files.
Conduct comprehensive contractor due diligence, including license and insurance verification, financial stability assessment, background checks, and reference validation.
Review and analyze contractor-submitted documentation, such as construction plans, contracts, cost breakdowns, and project timelines.
Facilitate contractor interviews and risk assessments, maintaining detailed records and providing recommendations for contractor approval.
Process construction loan draws, permissions to occupy, and review lien releases.
Coordinate closings, and prepare file for funding within a timeframe that will allow the loan to close according to customer expectations.
Review draw requests to identify possible budget problems.
Review inspection reports and draw documents for accuracy, and for conformance with the loan budget.
Ensure compliance with organization and industry regulations and procedures.
Perform data input and due diligence for Country Home Loan portfolio.
Perform file maintenance on loans, including managing customer accounts, updating yearly monitoring requirements, and confirming continued insurance coverage.
Assist with title review.
Perform all duties and maintain all standards in accordance with company policies, procedures, and internal controls.
Other duties as assigned.