Construction Loan Administrator

Gesa Credit Union

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profile Job Location:

Spokane Valley, WA - USA

profile Hourly Salary: $ 24 - 37
Posted on: 30+ days ago
Vacancies: 1 Vacancy

Job Summary

Job Details

Experienced
Spokane Valley East Sprague - Spokane Valley WA
Coeur d Alene - Coeur d Alene ID; South Richland HQ - Richland WA; Vancouver Loan Office - Vancouver WA
Full Time - Hourly
4 Year Degree
$24.34 - $37.67 Hourly

Description

Take a leap and join our team!

At Gesa we believe in the power of our people. Coming from all walks of life our team members individual stories and unique experiences are our most valuable asset. But its how we come together igniting our collective compassion and commitment to empowering our communities that makes us succeed. Because we know we go further when we go together.

Here you can join a team who is passionate about serving others has a desire to do good and shares a deep love of people. You can engage in meaningful work that impacts your community. You can challenge yourself and grow in your career. And you can rest assured that your wellbeing and prosperity are our priority.

Get to know us:About - Gesa Credit Union

Role Summary:

The Construction Loan Administrator is responsible for managing the construction loan disbursement process ensuring all draw requests documentation and regulatory requirements are handled accurately and efficiently. This role acts as a liaison between borrowers builders and internal teams facilitating smooth and compliant disbursements throughout the construction process.

What You Will Be Doing:

  1. Process and review draw requests submitted by builders and borrowers through the designated construction loan platform.
  2. Ensure all required documentation including invoices receipts and lien waivers is complete and accurate before processing disbursements.
  3. Verify that work is completed before releasing funds and ensure compliance with construction loan guidelines.
  4. Coordinate inspections with third-party vendors and communicate results to stakeholders.
  5. Serve as the primary point of contact for borrowers and builders during the construction phase.
  6. Provide clear and timely updates on the status of draw requests and loan disbursements.
  7. Collaborate with Loan Officers Processors and Underwriters to address construction loan-related inquiries and resolve issues promptly.
  8. Maintain thorough knowledge of construction loan regulations and guidelines to ensure all processes meet compliance standards.
  9. Monitor and follow up on trailing documents such as final lien waivers and completion certificates to ensure a complete loan package.
  10. Issue Post-Closing Compliance Documents (PCCDs) related to construction loan disbursements within the required timelines.
  11. Identify opportunities to streamline the construction loan disbursement process and improve efficiency.
  12. Develop and maintain checklists and standard operating procedures for managing construction loans. Prioritize daily tasks to meet deadlines and manage borrower expectations.
  13. Maintain accurate records of all loan activities in the Loan Origination System (LOS) and construction management platforms.
  14. Attend training sessions and team meetings to stay updated on industry changes and organizational policies.

About You:

  1. Strong attention to detail with the ability to identify and correct discrepancies in documentation.
  2. Excellent organizational and time management skills to handle multiple tasks and deadlines effectively.
  3. Exceptional written and verbal communication skills for collaboration with borrowers builders and internal teams.
  4. Adaptability in a fast-paced environment with shifting priorities.

Qualifications

What You Will Need:

  1. Four (4) year degree preferred or equivalent work experience of seven (7) to ten (10) years in the mortgage processing industry will be accepted in lieu of education. Additional education or certifications in construction lending or mortgage support preferred.
  2. Minimum of one (1) year of experience in construction lending mortgage processing or a related field.
  3. Familiarity with construction loan guidelines and compliance requirements is highly desirable.
  4. Experience with loan origination systems and construction management platforms preferred.
  5. Proficiency in construction management software loan origination systems and standard Microsoft Office tools.
  6. Must obtain a valid Drivers License.

Our Team Member Value Proposition:

In exchange for bringing your talent to Gesa here are a just a few of the benefits and perks we offer:

  • Competitive Pay
  • Medical Dental Vision and Life Insurance
  • 20 days/year of Paid Time Off Plus 10 Paid Holidays!
  • 401(k) Match
  • Incentive Program
  • Tuition Assistance and Student Loan Repayment
  • Commuter Benefits
  • Paid Time Off to Volunteer in the Community
  • Product discounts
  • Engaging Work Environment
  • Rewards and Recognition Programs

Full Salary Range:

Spokane $24.34 - $36.50

Coeur DAlene $24.34 - $36.50

Richland $25.11-$37.67

Vancouver $25.34 - $38.00

*While our full pay range is listed most new team members typically start between the minimum and midpoint based on their experience and qualifications. This approach gives room to grow within the role as your career progresses with us!

Get wise to whats possible with a career at Gesa. Join us!

We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process to perform essential job functions and to receive other benefits and privileges of employment. Please contact the HR Department at or to request an accommodation.

Gesa Credit Union reserves the right to revise or change the job description as the need arises. This job description is not all inclusive of total job responsibilities nor does it constitute a written or implied contract of employment.

Selected candidate(s) must be able to pass a pre-employment credit/background check.

Gesa Credit Union is an Equal Opportunity Employer and strong advocate of workforce diversity. Race/Color/Gender/Sexual Orientation/Gender Identity/Religion/National Origin/Disability/Veteran.

Equal Employment Opportunity ()


Required Experience:

Senior IC

Job Details Experienced Spokane Valley East Sprague - Spokane Valley WA Coeur d Alene - Coeur d Alene ID; South Richland HQ - Richland WA; Vancouver Loan Office - Vancouver WA Full Time - Hourly 4 Year Degree $24.34 - $37.67 HourlyDescription Take a leap and join our team!At Gesa we believe in the p...
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