A top employer in the mortgage lending industry is looking for a Construction Lending Manager to join their team. This is not a passive role; it is very hands-on, even at the loan level. The Construction Lending Manager will be responsible for mitigating risk, building processes and procedures, and ensuring smooth operations within the One-Time Close (OTC) Construction Lending Department.
Some responsibilities of the Construction Lending Manager will include but are not limited to:
Managing builder acceptances and project approvals from the construction standpoint (not the credit side).
Reviewing appraisals, including cost to build, size and scope vs. builder experience, and ensuring draw schedules are not front-loaded to mitigate risk.
Making tough decisions and not being afraid to say no to ensure the company is not risking too much to make a deal work.
Potentially joining calls to introduce the program to new builders to help Loan Officers (LOs) obtain quality applications.
Being very flexible and multi-task oriented.
Currently working with Fannie Mae and Freddie Mac residential construction products, with plans to add VA and FHA construction products.
Managing loans that float at closing (97% of loans).
Overseeing the initial closing of loans, with the servicing team handling the loans from there. Processing comes back into play when construction is near completion.
Reviewing contracts and handling front-end work such as builder acceptances, project approvals, and draw schedules.
Managing a servicing platform with 200 construction loans totaling $102 million, with 30-40 loans in processing. The West Coast manager will inherit 35% of this total upon starting.
LOCATION/TRAVEL:
Based on the West Coast, with potential travel as needed.
SCHEDULE:
Monday - Friday
Full-time
IMPORTANT TO NOTE:
This role requires a proactive and hands-on approach, with a focus on both the construction and operational aspects of the loan process.
POTENTIAL PAY STRUCTURE: Salary and volume BPS override for modified transactions, paid at modification. Ramp up period to build a portfolio for overrides since average build time is currently 8 months.
COMPANY/POSITION HIGHLIGHTS:
Opportunity to work with a top 10 employer in the mortgage lending industry.
Involvement in a dynamic and growing construction lending department - lots of room for growth!
Potential to shape and improve processes and procedures within the department.
We are a company committed to creating diverse and inclusive environments where people can bring their full, authentic selves to work every day. We are an equal opportunity/affirmative action employer that believes everyone matters. Qualified candidates will receive consideration for employment regardless of their race, color, ethnicity, religion, sex (including pregnancy), sexual orientation, gender identity and expression, marital status, national origin, ancestry, genetic factors, age, disability, protected veteran status, military or uniformed service member status, or any other status or characteristic protected by applicable laws, regulations, and ordinances. If you need assistance and/or a reasonable accommodation due to a disability during the application or recruiting process, please send a request to
HR@insightglobal.com.
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Ability to review contracts and identify missing elements, especially for manufactured housing contracts (e.g., septic, utilities plans, etc.).
Strong Excel skills, including the use of basic formulas and preformatted spreadsheets, with attention to detail and respect for existing formats.
10+ years of mortgage lending experience (multi-departmental) with recent construction lending experience.
General lending understanding (Fannie Mae, Freddie Mac, FHA, VA, etc.), including construction lending, origination, loan servicing, closing, and underwriting.
Benefit packages for this role will start on the 31st day of employment and include medical, dental, and vision insurance, as well as HSA, FSA, and DCFSA account options, and 401k retirement account access with employer matching. Employees in this role are also entitled to paid sick leave and/or other paid time off as provided by applicable law.