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DuPont Community Credit Union
Construction Loan Specialist
Career Insights for Loan Administrator / Manager
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Based on Virginia data
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What they do
A Loan Administrator or Manager services a loan once it has been agreed. Sends monthly bills to the loan recipient. May also maintain payment records and monitor compliance with the loan agreement.
$64,644 / year median in Virginia
-5% projected decline
Job Description
We are looking for a Construction Loan Specialist to join our Mortgage team!
Please note this role is on-site at our Waynesboro, VA location.
DuPont Community Credit Union (DCCU) is currently seeking qualified candidates for a highly-motivated, career-oriented individual for a Construction Loan Specialist position with the Mortgage team.
What Youll have the Opportunity to do:
Serve as the primary point of contact for members, contractors, inspectors, and internal teams, providing timely updates and resolving issues throughout the construction life cycle.
Collaborate with Mortgage/Commercial Advisors during the initial stages of loan origination to ensure the construction project adheres to DCCU policy and guidelines/procedures.
Guide and support consumer mortgage and business members through the construction process, including constructiontopermanent loan structures, draw schedules, interestonly periods, and permanent loan conversion requirements.
Maintain complete and accurate loan files from the time of closing through conversion-to-permanent financing.
Manage draw requests by reviewing invoices, conducting or coordinating inspections, and verifying progress against approved budgets.
Coordinate approval of draw requests with Mortgage/Commercial underwriting, or as otherwise directed.
Coordinate approved draw disbursements with Mortgage/Commercial processing, as applicable. Monitor project timelines, borrower equity injections, and adherence to approved plans.
Identify and escalate potential risks such as delays, cost overruns, or contractor issues.
Track loan performance, interest billing, and project milestones throughout the construction phase.
Oversee the transition of construction-to-permanent loans into the permanent financing phase, ensuring all conditions are satisfied.
Ensure that lien waiver forms and title policy endorsements are complete and acceptable.
Maintain working knowledge of computer systems (core and applicable Loan Operating System) to maintenance loan records as needed.
What Youll Bring to the TableHigh school diploma or equivalent.
Experience in real estate lending required.
Experience in construction lending is preferred.
Courteous and friendly member relation skills.
Strong communication skills (written and verbal).Excellent analytical, organizational, and problem-solving skills.
Proficient with loan origination systems and Microsoft Office tools.
Business-like appearance and attitude.
Thorough understanding of credit union philosophy.
Ability to perform in a high-pressure environment.
What We Bring to the TableMeaningful work that is highly impactful to the membership and community.
Opportunities for development and career growth.
Excellent working conditions, work hours, and work-life balance.
Community involvement opportunities.
Compensation and benefits:
DuPont Community Credit Union offers a competitive starting hourly range of $24.82 to $29.20 in addition to an excellent benefits package including medical and dental insurance, life and disability insurance, pension plan, 401k with employer match, and generous paid time off. Starting salary placement in the range will be determined based on the candidates experience, qualifications, and skills. Who We AreFounded in 1959, DCCU is a financial leader in the Shenandoah Valley, currently serving over 123,000 members, with over $2.0 Billion in Assets. At DCCU, we go beyond transactions and truly want to help our members achieve financial success by aligning them with the right products and services to help make a difference in their lives. This is a great opportunity to join a well-respected and growing financial institution offering meaningful work that impacts our community. Qualified individuals should apply on-line only by Friday, September 4th.
On-line applications/resumes can be submitted by visiting www.mydccu.com.
Follow the careers link on the homepage. At DuPont Community Credit Union our goal is to be a diverse workforce that is representative, at all job levels, of the community we serve. We are an equal opportunity/affirmative action employer. All qualified applicants are encouraged to apply and will receive consideration for employment without regard to sex, race, color, religion, national origin, disability, protected Veteran status, age, or any other characteristic protected by law.
Please note this role is on-site at our Waynesboro, VA location.
DuPont Community Credit Union (DCCU) is currently seeking qualified candidates for a highly-motivated, career-oriented individual for a Construction Loan Specialist position with the Mortgage team.
What Youll have the Opportunity to do:
Serve as the primary point of contact for members, contractors, inspectors, and internal teams, providing timely updates and resolving issues throughout the construction life cycle.
Collaborate with Mortgage/Commercial Advisors during the initial stages of loan origination to ensure the construction project adheres to DCCU policy and guidelines/procedures.
Guide and support consumer mortgage and business members through the construction process, including constructiontopermanent loan structures, draw schedules, interestonly periods, and permanent loan conversion requirements.
Maintain complete and accurate loan files from the time of closing through conversion-to-permanent financing.
Manage draw requests by reviewing invoices, conducting or coordinating inspections, and verifying progress against approved budgets.
Coordinate approval of draw requests with Mortgage/Commercial underwriting, or as otherwise directed.
Coordinate approved draw disbursements with Mortgage/Commercial processing, as applicable. Monitor project timelines, borrower equity injections, and adherence to approved plans.
Identify and escalate potential risks such as delays, cost overruns, or contractor issues.
Track loan performance, interest billing, and project milestones throughout the construction phase.
Oversee the transition of construction-to-permanent loans into the permanent financing phase, ensuring all conditions are satisfied.
Ensure that lien waiver forms and title policy endorsements are complete and acceptable.
Maintain working knowledge of computer systems (core and applicable Loan Operating System) to maintenance loan records as needed.
What Youll Bring to the TableHigh school diploma or equivalent.
Experience in real estate lending required.
Experience in construction lending is preferred.
Courteous and friendly member relation skills.
Strong communication skills (written and verbal).Excellent analytical, organizational, and problem-solving skills.
Proficient with loan origination systems and Microsoft Office tools.
Business-like appearance and attitude.
Thorough understanding of credit union philosophy.
Ability to perform in a high-pressure environment.
What We Bring to the TableMeaningful work that is highly impactful to the membership and community.
Opportunities for development and career growth.
Excellent working conditions, work hours, and work-life balance.
Community involvement opportunities.
Compensation and benefits:
DuPont Community Credit Union offers a competitive starting hourly range of $24.82 to $29.20 in addition to an excellent benefits package including medical and dental insurance, life and disability insurance, pension plan, 401k with employer match, and generous paid time off. Starting salary placement in the range will be determined based on the candidates experience, qualifications, and skills. Who We AreFounded in 1959, DCCU is a financial leader in the Shenandoah Valley, currently serving over 123,000 members, with over $2.0 Billion in Assets. At DCCU, we go beyond transactions and truly want to help our members achieve financial success by aligning them with the right products and services to help make a difference in their lives. This is a great opportunity to join a well-respected and growing financial institution offering meaningful work that impacts our community. Qualified individuals should apply on-line only by Friday, September 4th.
On-line applications/resumes can be submitted by visiting www.mydccu.com.
Follow the careers link on the homepage. At DuPont Community Credit Union our goal is to be a diverse workforce that is representative, at all job levels, of the community we serve. We are an equal opportunity/affirmative action employer. All qualified applicants are encouraged to apply and will receive consideration for employment without regard to sex, race, color, religion, national origin, disability, protected Veteran status, age, or any other characteristic protected by law.