Construction Loan Underwriter

C&F Bank•Virginia Beach, VA

1d•Onsite

About The Position

Primarily responsible for the management of a portfolio of loans, underwriting of construction documents, project review and approval, overseeing the funding of construction loan and conversion from construction financing to perm financing. Ensuring compliance with all Bank policies and government regulations while providing excellent customer service. This role requires a strong understanding of construction lending, risk assessment, and financial analysis.

Requirements

Bachelor’s degree or higher is . Degree in a business a related field preferred. A combination of education and experience will be considered.
General knowledge of accounting principles required.
Basic knowledge of bank operations and banking regulations is required.
Basic knowledge of residential real estate new home construction and loan portfolio management is preferred.
1+ years of experience in credit, draw admin, or construction experience required.
Excellent communication, organizational, and analytical and financial skills are required to perform successfully in this role.
Must be able to effectively utilize technology tools, such as PC and MS Office-specifically, Microsoft Excel.
Able to communicate effectively with people at all levels is required.
Must be effective with time management and be detail oriented.
Ability to work independently and as part of a team.

Nice To Haves

Relevant certifications (e.g., DE, SAR, FHA, LAPP) are a plus.
Related experience with associated lending software programs (Encompass, nCino, Baker Hill Products) strongly preferred.
Precision in evaluating documents, financial statements, and legal contracts.
Ability to negotiate terms and conditions with borrowers and other stakeholders.

Responsibilities

Reviews construction documents in accordance with established procedures
Ensures all appropriate documentation is maintained and updated in each file
Communicates with builders, borrowers, attorneys, title companies, real estate agents, relationship managers, branch personnel, and mortgage loan officers
Reviews contracts, plans, and specifications
Provides direction to the Loan Processor/Closer to order the appraisal and title work
Obtains and reviews lot purchase contract or copy of the deed and settlement statement or closing disclosure
Obtains and reviews preliminary site plan, survey, plat, or portion of recorded subdivision plat, building permit to include mechanics lien agent, well and/or septic construction permits, and road maintenance agreements
Obtains and reviews builders risk or homeowners insurance to include proper coverage, additional insured, property listed, theft of material, and mortgagee clause
Reviews appraisal to ensure the information provided and value meet the program guidelines
Reviews the title commitment to ensure the information is correct; reviews the legal description, requirements, exceptions, endorsements, and requests documents as needed
Uploads documents to Bank and Mortgage OS as necessary
Provides direction to the Loan Processor/Closer to issue closing disclosures
Provides project approval and advises the Processor/Closer when the loan can close
Provides the file and communicates the project details to the Construction Loan Draw Administrator after loan closing
Assists Construction Lending Manager, Relationship Manager. Loan Officer, and Construction Loan Specialist as needed
Assists and oversees loan funding/draw process in accordance with bank standards
Oversees and manages loan conversions from construction financing to perm financing
Assists with builder reviews and approvals
Attends team meetings, updates loan in process pipelines and provides updates for construction projects
Initiates a meeting either by phone or in-person with new builders to communicate the construction project approval process, documentation requirements prior to and after loan closing; discusses the draw process and requirements in accordance with established procedures
Assists with special projects as assigned