Commercial Loan Risk Assistant
LOCATION: Macatawa Drive, Holland
STATUS: Full Time
The primary focus of the Commercial Loan Risk Assistant (Construction Loan Coordinator) is to work with the lenders and credit administration to oversee the construction draw process from inception to completion.
POSITION SUMMARY:
(1) Will work with lenders, title company professionals, and general contractors to understand the construction project and to ensure that loan proceeds are used and disbursed correctly as construction is completed.
(2) Will evaluate new construction or renovation projects and gather the necessary documentation to understand the overall scope of the project. This includes obtaining the construction budget, plans and specifications, and the initial sworn statements/draw request.
(3) Will review the application of payment submitted by the contractor and/or borrower for completeness.
(4) Will order the site inspection of the progress to-date.
(5) Will ensure that the project remains in-balance during the construction phase.
MINIMUM QUALIFICATIONS:
- Three to five years in-depth knowledge and experience in lending
- Strong working knowledge of lending policies, procedures and documentation
- Excellent interpersonal, organizational, communication (both written and oral), customer service and telephone etiquette skills
- Able to work efficiently in a team environment
- Ability to manage multiple tasks with frequent interruptions
- Ability to handle detail-oriented transactions with great accuracy
- Requires functional level of computer proficiency
