In this role, you will monitor and disburse construction and rehabilitation loans on single-family residential homes.
Functions
Responsible for the disbursement of construction and rehabilitation loan funds for single family residential home loans.
Responsible for ensuring all computations and documents are completed properly and comply with policy.
Responsible for ensuring the banks first lien position remains secure during the construction phase of the loan.
Monitor progress of construction projectsReview inspection reports, lien releases, title updates and issue progress payments to the borrower and/or builder.
Facilitate communications and responds to questions regarding progress of construction and progress payments with the borrower and builder.
Partner with internal customers (loan officers and assistants, processors, underwriters, and construction project specialists) and external customers (builders and borrowers) to facilitate smooth construction lending process.
Demonstrate compliance with all bank regulations that apply to your position and keep up to date on regulation changes.
Maintain working knowledge of our policies and procedures regarding the bank secrecy act, regulation cc, regulation e, bank security and other regulations that apply to your position.
Qualifications
High school diploma or ged.
6+ years of administrative experience in construction lending or the mortgage industryExperience and other skills may vary depending on the complexity of work and level of problem solving and ability to work with limited supervision.
Advanced knowledge of single-family construction processes, procedures, documentation, and loan products.
Possess strong organizational skills, with attention to detail and thoroughness; knowledge of basic arithmetic and accounting principles.
Possess strong analytical and problem-solving skills, with ability to research and identify solutions to problems.
Demonstrate strong customer service and interpersonal skills, with ability to work effectively with individuals and groups across the company to manage internal and external customer relationships.
Physical requirements and working conditions
Work involves:
Sitting
Walking
Lifting up to 25 pounds
Occasional travel
No relocation offered.
About us
We do things a little differently here at umpquaOur retail stores serve as community hubs, our associates are given up to 40 hours of volunteer time each year, and we`re never satisfied with the status quoIt`s no wonder we`ve made `fortune`s 100 best companies to work for` eight years in a rowBut greatness has no finish line, so we continue every day to keep people at the center of everything we doWe focus on building relationships, understanding our customers` needs and connecting to people in new and innovative ways - always staying true to our mission of providing personalized banking for all people, whenever and however they prefer to bank.
Umpqua bank is committed to employing a diverse workforceQualified applicants will receive consideration without regard to race, color, religion, sex, national origin, age, sexual orientation, gender identity, gender expression, protected veteran status, or disabilityWe maintain a drug-free workplace and may perform pre-employment substance abuse testing.
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