Construction Loan Processor

Primary responsibilities include promptly, efficiently, and compliantly gathering necessary documents to complete the construction draw process. This includes processing, funding, handling all draws and modifications throughout the building process. Work together with Construction Loan Officers and Underwriters in achieving the goals of the Credit Union.

Duties and Responsibilities:

• Process all construction loans, ensuring all required documentation is in the file and accurate.
• Send all required disclosures following RESPA and Fair Lending requirements.
• Manage all draw requests. Including balancing draw requests to lien waivers or invoices.
• Analyze budgets against sources and uses of funds to identify exceptions to or changes in conformity to standard monitoring requirements.
• Assess compliance with loan documentation to insure loans are within budget and timeframe for project completion.
• Manage construction loan files including builder plans and specs, income verifications, assets, cost to build estimates, and site designs.
• Communicating with the loan officer, member, builder, inspector, and title as necessary in order to receive proper documentation needed for a complete draw. This will also include approving all draws, obtaining appropriate level of approval as necessary.
• Coordinate inspection of the project with the Credit Union's inspectors.
• Set-up and maintain internal records keeping loan disbursements and project progress through input to the Credit Union's monitoring system.
• Assist with various mortgage loan duties as required.
• Additional duties as assigned.

Qualifications:

Bachelor's Degree or equivalent work experience preferred. One year or more of loan processing experience preferred. Excellent communication and people skills with an eye for detail. Able to work under pressure and multi-task in an organized manner.

Performance Standard:

Must take pride in department by processing draw requests in a timely and efficient manner with a high attention to detail. Must be professional and courteous in manner, with a focus on attendance, quality and quantity of work performed. Must be willing to comply with the Bank Secrecy Act and USA Patriot Act as implemented by ICCU.

Physical Requirements:

• Perform tasks requiring manual dexterity (processing paperwork, filing, stapling, sorting, collating, typing, counting cash, etc.).
• Sit for extended periods of time.
• Lift 20-40 pounds of applicable supplies including but not limited to copy paper, cash drawers, marketing material, etc.
• Repetitive motion using wrists, hands, and fingers.
• Reach keyboards.
• Ability to operate basic office machines (calculator, computer, telephone, copy machine, fax machine, etc.).

The above statements reflect the general details considered necessary to describe the essential functions of the job and should not be construed as a detailed description of all the work requirements that may be inherent of the job.

Must be eligible for membership at ICCU to obtain employment.

ICCU is an Equal Opportunity Employer. Employment decisions are made without regard to race, color, religion, national or ethnic origin, sex, age, disability, protected veteran status or other characteristics protected by law.

Equal Opportunity Employer

This employer is required to notify all applicants of their rights pursuant to federal employment laws. For further information, please review the Know Your Rights notice from the Department of Labor.