Construction Loan Processing Analyst

Pay or shift range: $66,592 to $78,344 USD. The estimated range is the budgeted amount for this position. Final offers are based on various factors, including skill set, experience, location, qualifications and other job-related reasons.

Overview

Under the direction of the Loan Operations Assistant Manager, the Construction Loan Processing Analyst is responsible for the end-to-end processing of residential construction and renovation loans. The Analyst will ensure compliance with regulatory requirements, and facilitate smooth communication between borrowers, lenders, builders and construction teams. This role supports the lending team by ensuring all loan files meet underwriting, compliance, and investor requirements from project and builder approval through closing, disbursement administration, and final loan conversion to permanent financing.

• Collect, review, and validate builder credentials as needed to determine builder acceptability including insurance, financials, and references.
• Determine and obtain accurate project documentation as required for each specific build such as contracts, budgets, plans, specifications, and cost breakdowns.
• Coordinate with underwriting to ensure builder and project meet internal and investor eligibility criteria.
• Order third party vendor services as needed to complete file processing to include appraisals, verifications title services and flood zone determinations.
• Review and process construction loan applications, ensuring all required documentation is complete and accurate.
• Analyze financial documents, credit reports, and appraisals to assess borrower and project eligibility per internal and investor guidelines.
• Coordinate with borrowers, builders, and other stakeholders to obtain all outstanding items, and clarify requirements to ensure timely loan closings.
• Process disbursement requests, ensuring all required documentation (invoices, lien waivers, inspections) are received and compliant.
• Coordinate with project inspectors and internal construction administrators to validate project progress before disbursement.
• Track and reconcile disbursements against the approved budget, identifying variances and potential issues.
• Prepare conversion documentation, including modification agreements and final amortization schedules.
• Ensure all conditions are met for conversion to principal and interest payments.
• Work with servicing and secondary marketing to transition the loan to the permanent portfolio or investor delivery.
• Prepare and present periodic reports on loan status, project progress, and any issues encountered during the loan processing.
• Keep abreast of industry trends, regulations, and best practices to ensure compliance and optimize loan processing procedures.
• Professional networking supporting residential construction and renovation lending.

• Collaborative contributor: must maintain a highly cooperative approach, positive focus and a commitment to win-win solutioning.
• Communication:
  Clear and effective communication skills, both written and verbal.
• Analytical
  
  Skills:
  
  Ability to analyze financial documents, credit reports, and appraisals accurately.
• Attention to Detail:
  High level of accuracy in reviewing and processing loan applications and documents.
• Organizational
  
  Skills:
  
  Strong ability to manage multiple tasks and deadlines efficiently.
• Problem-Solving
  
  Skills:
  
  Aptitude for identifying discrepancies and resolving issues promptly and professionally.
• Member Focus:
  Commitment to providing excellent service and support to members, vendors and team members alike.
• Technical Proficiency:
  Proficiency in loan origination systems, and Microsoft Office Suite.

• Prolonged periods sitting at a desk and working on a computer.
• Occasional lifting of office supplies, up to 15 pounds.
• Occasional travel to construction sites or meetings may be required.

• Minimum of a high school diploma required, bachelor’s degree in finance, accounting, business administration, or a related field a plus.
• 3-5 years in commercial or residential construction lending and CRE construction loan monitoring.
• 5+ years of mortgage processing experience with firm understanding of originating a mortgage loan from start to finish.
• Strong understanding of construction loan structures, budgets, and disbursement processes.
• Ability to manage a large pipeline of loans in process and deadlines for loans in the construction phase simultaneously with accuracy.
• Specific knowledge of banking regulations and construction lien law.
• Must be familiar with real estate documents and construction loan agreements.
• Knowledge of Fannie Mae guidelines.
• Background in construction loan administration.
• Demonstrates ability to efficiently organize, coordinate, track, and complete multiple tasks as well as changing priorities.

Equal Opportunity Employer
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