Construction Loan Administrator II

Essential Job Functions

• Aid the commercial & SBA lending team in gathering and reviewing necessary documentation for construction loans, escrow holdbacks, and other required documents per policy for credit approval.
• Maintain and manage positive relationships with all parties involved throughout the construction process.
• Show high attention to detail in all tasks.
• Support the construction aspects of loan closing and construction funding for all commercial & SBA construction loans.
• Retrieve missing documentation for construction loans in progress, construction loan draw requests, final draw requests, and other related tasks.
• Evaluate construction budgets for accuracy and confirm they are feasible for the project.
• Review construction contracts and related documents to ensure all project-associated information is accurate.
• Co-host introductory calls with loan officers to educate members and general contractors on the draw process and expectations during the construction of the project.
• Prepare and send welcome packages to members and general contractors after closing.
• Process construction draw requests based on required documentation and coordinate with third-party draw monitoring companies to compile the complete draw package and submit it to commercial or SBA loan servicing for processing and funding.
• Manage construction files and maintain an audit trail for all residential construction files. Ensure all relevant documentation is saved and stored in the required electronic locations.
• Verify that insurance requirements are met and maintained throughout the construction period, including but not limited to builder's risk insurance.
• Conduct property inspections for commercial and SBA construction projects to ensure compliance with draw and loan requirements.
• Order property inspections through third-party vendors for the draw process.
• Handle third-party invoicing - verify accuracy and submit for payment to accounts payable.
• Document construction project progress and report any issues that pose risks to the credit union.
• Stay updated on changes to loan policies, procedures, and compliance rulings affecting real estate, construction, and administration.
• Proactively oversee the progress of commercial and SBA construction projects from start to finish.
• Assist the Portfolio Manager with construction extensions as needed with appropriate internal approvals.
• Perform other job-related duties as assigned.

Position Required Qualifications

• Minimum Education and Experience: High school diploma or GED and 1-2 years of experience in residential and commercial lending origination, processing, servicing, or one year experience at Arizona Financial Credit Union.
• Knowledge, Skills, and Abilities: High attention to detail, strong relationship management skills, exceptional verbal and written communication, problem-solving, and interpersonal skills, ability to produce quality work under tight deadlines, proficiency in credit union core processing systems and department-specific systems, knowledge of residential and commercial lending, compliance, and credit regulations.
• Licenses, Training, and Certifications Required: None.
• Preferred Qualifications: Construction lending experience, SBA lending experience, ability to complete construction site inspections and prepare required reports.

Hybrid Work Environment and Physical Demands

• Occasional lifting, 25 lbs. or less
• Ability to safely navigate construction sites in various stages of construction and all types of weather
• Sitting and standing for extended periods of time
• Working on a computer for extended periods of time