Custom Construction Loan Coordinator - Stick

Custom Construction Loan Coordinator - Stick

Join our team! 1st Security Bank team members deliver service that "WOWs" each other and our customers. We value relationships, teamwork, community, and professional growth in a safe, friendly, and progressive workplace. We celebrate diversity and support equality for all. If you share these core values and are committed to career excellence, let us help you reach your dreams!

If you are the type of individual that would enjoy working at one of the Puget Sound's Best Places to Work for 10 years in a row and focuses on providing an exceptional client experience, then 1st Security Bank is the place for you. 1st Security Bank was named a bronze medal winner in its class in the Puget Sound Business Journal's Best Workplaces contest in its first year nominated and is also consistently rated a 5 star Bank in Washington State by Bauer Financial, an independent bank rating firm.

Position Summary

We are a team who care deeply about our teammates, our clients, and the good of the bank. We have an amazing opportunity to help clients build their dream homes, which is very rewarding. There are many layers to our processes and time sensitive daily responsibilities. If you're ready for a great opportunity with challenge and an awesome team to work with, jump in and let's get started. The successful applicant will start as soon as reasonably possible.

Essential Duties and Responsibilities Include the Following:

• Review of stick built CCP packages, including cost breakdown, builder review, contract review, plans & specs, etc. Conduct initial review, work with branch to obtain any missing items and submit to NWCC for their review. Work collaboratively to assemble, organize, prepare, and review relevant documentation for submission of construction package to NWCC.
• Communicate results of NWCC review, collect additional recommended documents/information and either determine acceptability or re-submit to NWCC for final approval. Update file to reflect change orders, as needed.
• Post-closing, upon notification of loan closing, upload transaction data to Land Gorilla for Holdback.
• Set up and balance budgets in Land Gorilla for all projects. Maintain Land Gorilla files systematically and in accordance with established guidelines to ensure compliance for transfer of data to Encompass (API).
• Provide support to borrowers, builders, and teammates as required to ensure productive and efficient use of Land Gorilla software during the process of construction.
• Manage draw process, including review of draw requests, ensuring all signatures are obtained, ordering inspections, comparing results of inspection to draw request, ordering date downs, reconciling progress of funds, requesting checks/wires to distribute funds, communicating with all parties to the transaction.
• Monitoring progress of project to ensure project is on schedule to close on time and that there are adequate funds to complete the project. Maintain clear and accurate documentation on progress and disposition of files.
• Obtain necessary documentation to close out project upon completion, ie: final appraisal inspection, final building permit, occupancy cert, final lien search, final disbursement of construction funds, etc.
• Monitor and coordinate obtaining signed modification extensions when projects will not be completed in time to modify prior to the construction loan maturity date.
• Communicate extensions to Loan Ops prior to balloon notice being mailed to borrower.
• Maintain knowledge of FNMA, FHLMC, FHA, VA, USDA, and other correspondent investor guidelines.
• Maintain positive and productive relationships with other 1st Security Bank Departments and vendors involved with these programs, such as Loan Ops, Encompass Team, Funding, Underwriting, NWCC, etc.
• Represent 1st Security Bank professionally while providing a high level of customer service.
• Troubleshoot problems, including title issues, progress delays, unplanned change orders, etc, that arise during project approval, construction & modification.
• Communicate delays to management as appropriate.
• Field customer inquiries and respond with necessary information in a timely manner.
• Manage daily workflow expectations in line with production fluctuations and file quality initiatives provided by Operations and Production Managers.
• Review, assist, and comply with audit findings, compliance reviews, quality control findings, and other internal and external reviews related to construction file quality.
• Other duties as assigned.

Benefits and Perks

• Full medical, dental, and vision coverage for individual or family plan.
• Life insurance.
• Long-term disability insurance.
• 401K matching program.
• Paid sick and vacation time.

Our Core Values

• Relationship Driven - we strive to "WOW" (surprise, excite and delight) each other and our customers.
• Ethical - fair, honest and act with integrity.
• Lead by Example - maintain a positive attitude, show respect for others, and have some fun!
• Accountable - we take our responsibilities seriously and we meet our commitments with urgency.
• Team Player - dependable, enthusiastic contributor to team success and to the greater good of the bank.
• Embrace Dreams - we encourage each other to reach for our dreams.
• Diversity - we celebrate diversity and support equality for all.
• Community Oriented - we actively support our communities and the Bank's CRA initiatives.
• Open and Honest Communication - always professional, responsive, and timely.

Education and/or Experience

• High School Diploma or GED required.
• Minimum of 2 years of mortgage banking experience in lending, closing, title, escrow, or related fields. Condo- and custom construction-related processing experiences a plus.
• Excellent written and verbal communication skills.
• Knowledge of real estate lending and documentation. Knowledge of title and survey matters, including the ability to evaluate exceptions to title.
• Up to date knowledge of mortgage banking procedures including an in depth understanding of loan processing, escrow, closing procedures and regulatory requirements.
• Ability to work closely and efficiently with lending personnel.
• Strong customer service skills required for internal and external customer communications.
• Proficient in MS Office Suite, spreadsheets, and database lending software.

Computer Skills

To perform this job successfully, an individual should be skilled in Microsoft Office Products, proficient using 10-Key, typing skills.

Physical Demands and Work Environment

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

• The employee will primarily operate in a general office environment, using office equipment such as a phone and a computer.
• The noise level in the work environment is usually quiet to moderate as compared to a private office with light foot traffic and office equipment. The employee must be able and willing to interact frequently with the general public.

Salary Range: $24.00 to $30.00 per hour. 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.