Construction Mortgage Specialist

Position Summary

The Construction Mortgage Specialist is responsible for managing the end-to-end financing process for residential construction projects. This includes guiding clients through complex "construction-to-permanent" loans, evaluating builder risk, and overseeing the critical disbursement (draw) process. You will act as the primary liaison between mortgage lender, borrowers, builders, and the bank’s internal credit department.

Principal Duties and Responsibilities

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skills and/or abilities required. The duties listed below may not include all responsibilities that the person in this role may be asked to perform. May be required to perform other related duties, as assigned, including cross training across other departments, as necessary.Reasonable accommodation may be made to enable individuals with disabilities to perform the essential functions.

Key Responsibilities

• Project Evaluation: Review blueprints, cost estimates, and construction contracts to ensure project viability and adherence to lending limits.
• Builder Vetting: Perform due diligence on contractors and builders to mitigate institutional risk.
• Draw Management: Coordinate with inspectors authorizing progress payments (draws) as construction milestones are met.
• Pipeline Management: Guide the loan from the initial application through the "rollover" phase into a traditional permanent mortgage.
• Compliance: Ensure all files meet secondary market standards and internal regulatory requirements (HMDA, TRID, etc.).

Performs other related duties as necessary or as assigned

Complies with federal and state regulations and all established bank policies and procedures.

Education and Experience

• Minimum of 3+ years in mortgage lending, specifically focused on construction products.
• Valid NMLS License preferred

Key Skills and Competencies

• Industry Knowledge: Deep understanding of the Spec building process, land draws, and lien waivers.
• Technical Literacy: Proficiency in mortgage origination software (Encompass) and a solid grasp of $LTV$ (Loan-to-Value) and $LTC$ (Loan-to-Cost) calculations.
• Communication: Ability to explain complex interest-only payment structures during the construction phase to first-time builders.
• Planning and organizational skills
• Interpersonal skills to build and maintain working relationships
• Skilled in conflict resolution

Benefits:

• 401(k)
• 401(k) matching
• Dental insurance
• Employee assistance program
• Flexible spending account
• Health insurance
• Life insurance
• Paid time off
• Referral program
• Vision insurance

Work Location: In person