Construction Funding

Position Summary:

Responsible for managing and monitoring the disbursement of construction loan funds. Ensures that all draws comply with loan agreements, project timelines, budgets, and bank policies. Coordinates with borrowers, builders, inspections, and internal departments to facilitate smooth and compliant funding processes.

Essential Duties and Responsibilities

• Review and validate construction draw requests against approved budgets, timelines, and inspections.
• Monitor project progress and ensure that all disbursements are within the approved scope and funding limits.
• Communicate with borrowers, contractors, inspectors, and title companies to gather required documentation.
• Track line releases, change orders, and soft cost invoices to ensure full compliance with loan conditions.
• Coordinate site inspections through third-party vendors and review inspection reports.
• Maintain accurate and complete loan documentation, including disbursement logs and supporting records.
• Work with Loan Officers, Credit Administration, and Loan Servicing to resolve funding discrepancies or delays.
• Ensure compliance with bank policies, state regulations, and construction lending best practices.
• Assist in construction loan pre-closing review as needed to validate feasibility and funding structure.
• Support audits and regulatory examinations by providing documentation and clarification on funding transactions.

Qualifications:

• Minimum 2-3 years of experience in construction lending, loan operations, or loan servicing; community banking experience a plus.
• Strong understanding of construction loan structures, inspection processes, and disbursement controls.
• Proficient in Microsoft Excel, loan servicing systems (e.g., FIS, JackHenry, LaserPro), and document imaging software.
• Detail-oriented with strong analytical and documentation skills.
• Excellent communication and coordination abilities across internal and external stakeholders.