Residential Construction Lender Position Available In Mobile, Alabama

General Position Scope:

Responsible for identifying, acquiring, underwriting, and growing existing and new lending and deposit relationships with homebuilders, subdivision developers, and individuals looking to build their personal residence. This includes the generation, approval, and servicing of loans within acceptable loan risk standards while adhering to bank policy and regulations. Also, responsible for the generation of deposit transactions necessary to accommodate loan fundings.

Duties and Responsibilities:

Solicit, develop, service and maintain a residential real estate focused loan portfolio that exceeds $20MM and includes a variety of residential construction focused real estate credits.

Maintain an appropriate level of deposits relative to the loan transactions provided to the borrowers within the portfolio.

Evaluate and underwrite credit data, cash flow, financial statements, and collateral to determine the credit worthiness of applicants. Structure the loan terms and conditions within the banks policy and lending guidelines.

Enter loans into nCino for navigation through the credit approval process and internal documentation.

Recommending approval or decline of loans within the established bank guidelines and informing the applicant of the decision.

Review loan renewal, extension and/or modification requests to ensure continued credit worthiness of the applicant.

Present loan request memorandums to the appropriate level for approval.

Obtaining operating agreements, articles of incorporation, certificates of good standing, and any other applicable forms needed from the borrower prior to closing.

Prior to closing, review purchase agreements, title work, insurance, environmental documentation (as necessary), construction budgets and contracts, and any other applicable documents required depending on the loan type.

Responsible for closing the loan which includes reviewing the loan documents for accuracy, securing the proper signatures on all documents, approving funding of the loan, and evaluating collateral pledged to existing and prospective loans.

Make sure appropriate CIP, BSA and customer verification requirements have been met (including Beneficial Ownership analysis).Maintaining proper due diligence in file for construction loans throughout the process, while making sure the loan balance outstanding is commensurate with the level of completion. This includes, but is not limited to, having current project inspections in file prior to funding draw requests.

Properly monitoring loans during the life of the loan which includes maintaining current financial information, testing loan covenants, obtaining current insurance and other required documentation to protect the Banks collateral position, and any other action as required depending on the loan type.

Ensure customer satisfaction throughout the life of the loan, resolving problems as they arise.

Monitor customer deposit accounts and approve NSFs as necessary.

Monitor past due list to ensure loans are paid on a timely basis.

Work with Special Assets personnel on problem credits to work toward a positive reso