Construction Loan Specialist I

  • HomeTrust Bank
  • North Carolina, USA
  • Apr 20, 2018
Financial Services

Job Description

Location : 1900 Ridgefield Blvd., Asheville, NC 28806
The Construction Loan Specialist I (Grade 6) monitors and efficiently funds construction loans including residential and commercial single-family properties. Work with borrowers, appraisers and contractors throughout the construction term of loans providing information, follow-up and customer service as needed.
Specific Job Functions
  • Review documentation in construction files for any post-closing conditions requiring follow-up with the contractor and/or borrower
  • Set up construction draw file within the construction disbursement software
  • Review Construction Loan Agreements
  • Send construction letter to the borrower
  • Order inspections upon receipt of draw requests from borrowers and/or contractor
  • Responsible for monitoring the disbursement of construction loans to ensure compliance and bank policy is met
  • Verify all documentation necessary for draw requests is received
  • Review inspections when received and prepare draw tickets for approval to release funds
  • Fund draw requests
  • Disburse funds via check or wire to borrower and/or contractor
  • Track insurance to include Builder's Risk and Homeowner's Insurance
  • Monitor completion of construction within the terms of the Note
  • Prepare final Loan Modification Agreements
  • Perform other duties as requested
Knowledge/Skills Required
  • General knowledge of Bank deposit and investment products and services
  • Solid oral and written communication skills, with ability to interact effectively with all customers, both internal and external.
  • Demonstrated ability to identify and resolve problems collaboratively and independently
  • Excellent organizational and time management skills
  • Familiarity with federal and state banking regulations pertaining to lending and consumer compliance, including fair lending laws.
Personal Traits
  • Presents a professional, business-like manner and appearance.
  • Ability to carry out detailed instructions and to resolve loan and or customer related problems satisfactorily.
  • Possess a strong attention to detail, be well organized and conscientious
  • Focus/desire to serve customer needs and provide excellent customer service.
  • Demonstrated ability to work within time limitations
Job Requirements :
  • High school diploma or equivalent
  • Three or more years experience in a residential mortgage production capacity
  • Previous experience in construction lending strongly preferred
  • Strong math skills required
EOE/Protected Veterans/Individuals with Disabilities