Construction Loan Processing Analyst

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. 

Key Responsibilities

•  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

Core Skill Competencies

•  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 ...