Lending Custom Construction Loan Coordinator - MFH

Position: Home Lending Custom Construction Loan Coordinator - MFH
A GREAT PLACE TO WORK AND BANK

Join our team! 1st Security Bank team members deliver service that "WOWs" each other and our customers. We value relationships, teamwork, community, and professional growth in a safe, friendly, and progressive workplace. We celebrate diversity and support equality for all. If you share these core values and are committed to career excellence, let us help you reach your dreams!

If you are the type of individual that would enjoy working at one of the Puget Sound's Best Places to Work for 10 years in a row and focuses on providing an exceptional client experience, then 1st Security Bank is the place for you. 1st Security Bank was named a bronze medal winner in its class in the Puget Sound Business Journal's Best Workplaces contest in its first year nominated and is also consistently rated a 5 star Bank in Washington State by Bauer Financial, an independent bank rating firm.

POSITION SUMMARY:

The Home Lending Construction Loan Coordinator (Manufactured Housing (MFH)) assists in overseeing, executing, planning, and monitoring pre- and post-closing activities associated with the administration of manufactured home construction loans.

ESSENTIAL DUTIES AND RESPONSIBILITIES include the following:

* Post-closing, upon notification of loan closing, set up CCP/VA MFH Holdback loans in Encompass, including contacts, CCP Calendar reminders, Land Gorilla notes and documents, etc. Note that there are different processes for stick built versus manufactured homes.

* Manage draw process through Land Gorilla software, including review of draw requests, ensuring all signatures are obtained, ordering inspections, comparing results of inspection to draw request, ordering date downs, reconciling progress of funds, requesting checks/wires to distribute funds, communicating with all parties to the transaction.

* Provide support to borrowers, builders, and teammates as required to ensure productive and efficient use of Land Gorilla software during the process of construction.

* Monitoring progress of project to ensure project is on schedule to close on time and that there are adequate funds to complete the project. Close out project with the final draw and inspections when project is complete. Obtain final Manufacturers State of Origin documentation and coordinate title eliminations on MFH CCP transactions and VA MFH Holdback transactions (applies only to the MFH CCP/VA MFH LC).

* Monitor and coordinate obtaining signed modification extensions when projects are not completed in time to modify prior to the construction loan maturity date. Communicate extensions to Loan Ops prior to balloon notice being mailed to borrower.

* Maintain knowledge of FNMA, FHLMC, FHA, VA, USDA, and other correspondent investor guidelines.

* Maintain positive and productive relationships with other 1st Security Bank Departments and vendors involved with these programs, such as Loan Ops, Encompass Team, Funding, Underwriting, NWCC, etc.

* Represent 1st Security Bank professionally while providing a high level of customer service.

* Troubleshoot problems, including title issues, progress delays, unplanned change orders, etc., that arise during project approval, construction & modification. Communicate delays to management as appropriate.

* Field customer inquiries and respond with necessary information in a timely manner.

* Manage daily workflow expectations in line with production fluctuations and filing quality initiatives provided by Operations and Production Managers.

* Review, assist, and comply with audit findings, compliance reviews, quality control findings, and other internal and external reviews related to construction file quality.

* Other duties as assigned.

BENEFITS AND PERKS

* Full medical, dental, and vision coverage for individual or family plan.

* Life insurance.

* Long-term disability insurance.

* 401K matching program.

* Paid sick and vacation time.

OUR CORE VALUES

* Relationship Driven - we strive to "WOW" (surprise, excite and delight) each other and our customers.

* Ethical - fair, honest and act with integrity.

* Lead by Example - maintain a positive attitude, show respect for others, and have some fun!

* Accountable - we take our responsibilities seriously and we meet our commitments with urgency.

* Team Player - dependable, enthusiastic contributor to team success and to the greater good of the bank.

* Embrace Dreams - we encourage each other to reach for our dreams.

* Diversity - we celebrate diversity and support equality for all.

* Community Oriented - we actively support our communities and the Bank's CRA initiatives.

* Open and Honest Communication - always professional, responsive, and timely.

EDUCATION and/or EXPERIENCE

* High School Diploma or GED required.

* Minimum of 2 years of mortgage banking experience in lending, closing, title, escrow, or related fields. Condo- and custom construction-related processing experiences are a plus.

* Excellent written and verbal communication skills.

* Knowledge of real estate lending and…