Real Estate Construction Loan Coordinator

Company: STCU
Location: Spokane
Posted on: February 20, 2021

Job Description:

Company DescriptionSTCU is a growing regional organization rated one of the top-performing credit unions in the nation, and named as one of Fortune Magazine's Great Places to Work. We look for employees who have a strong desire to serve others, are lifelong learners committed to working hard, with a fun-loving attitude and a desire to make a difference in our members' lives. We love people who share our passion for integrity, service, innovation, education, people, and celebration.STCU offers excellent benefits:

• Paid time off-plus 10 paid holidays!
• Medical, dental, vision and life insurance
• Flexible schedules and remote-work opportunities
• Training and career development
• Success sharing plan
• 401(k) matching contributions
• Tuition reimbursementJob DescriptionThe Real Estate Construction Loan Coordinator is responsible for performing high volume, accurate and timely real estate lending functions for construction loans, in alignment with STCU's loan standards and procedures.Core Job Requirements/Outcomes
  • Demonstrate strong knowledge of residential construction loans, construction budgets and the construction process by understanding the construction loan timing and documentation requirements.
  • Ensure line item breakdowns on all projects are accurately and properly reviewed prior to disbursement by focusing on the details and communicating effectively with members, loan officers, builders and 3rd party providers.
  • Proactively and effectively manage the construction loan pipeline by obtaining, understanding and reviewing documentation and project approvals, efficiently processing draw requests and understanding construction loan requirements and stages of construction.
  • Prepare applications for underwriting by completing a pre-underwriting review to determine if verified information supports a loan that meets loan polices and guidelines.Other Essential Functions
    • Develop and maintain positive relationships with members, builders and 3rd party providers by upholding service level agreements and communicating effectively.
    • Provide support for other members of the team by assisting with daily problem solving and troubleshooting.
    • Build member and staff confidence by exhibiting excellent communication skills in written, verbal and interpersonal situations.
    • Process draw requests from builders and members by transferring, updating, confirming information and coordinating funds with the closing team.QualificationsEducation: High school diploma or equivalent required.Job Experience: Minimum three years' experience in residential construction lending required.Software Skills: Proficient knowledge of MS Office programs including Outlook, Word, Excel and Teams. Previous experience with loan origination software is required. Knowledge of Encompass is preferred.Other Skills: Knowledge of policies, procedures and established processes to support compliance requirements.Physical Demands: Must be able to regularly talk, hear and operate a computer, keyboard and mouse and occasionally lift, pull/push and carry up to 10 pounds with accommodations.Work Conditions: Exposure to constant or intermittent sounds at a low or moderate level consistent with an office setting. Exposure to high-stress, fast-paced, deadline-oriented environment.Other: Perform additional duties as assigned for the efficient operation of the department and the organization. This includes the possibility of being assigned temporarily to other locations.Additional InformationPlease review for more information at

Keywords: STCU, Spokane , Real Estate Construction Loan Coordinator, Professions , Spokane, Washington