Senior Residential Construction Loan Officer Job Description

This Senior Residential Construction Loan Officer job description is good for hiring your perfect candidate as it highlights the key responsibilities and requirements of the role in a clear, concise, and professional tone. It effectively communicates the elements of the job and ensures that the expectations are set for the candidate applying for the position.

To customize this job description for your own needs, you can modify the experience and qualifications required to match the specific requirements of your organization. For example, you can add skills such as knowledge of local building codes, regulations, and construction lending practices. You can also adjust the responsibilities to reflect your organization’s unique goals and priorities. By doing so, you can tailor the job description to attract the most qualified and suitable candidates for your organization.

We are looking for a highly skilled Senior Residential Construction Loan Officer who will be responsible for overseeing and managing the loan process for building residential properties. The ideal candidate will possess a deep understanding of construction lending, proven experience in loan underwriting, and a strong ability to assess borrower’s creditworthiness and manage risks.

Job Description Brief:

As a Senior Residential Construction Loan Officer, your role will be to evaluate loan applications and determine the feasibility of the project, assess borrower’s creditworthiness, manage and mitigate risks, coordinate with various stakeholders to ensure project completion and deliver exceptional customer service to clients. You will also be responsible for working with clients to structure the loan and financing requirements and monitor the project schedule and budget throughout its construction phase.

Key Responsibilities:

• Evaluate loan applications and assess borrowers’ creditworthiness.
• Determine the feasibility of the residential project and manage risks.
• Coordinate with builders, contractors, and attorneys to ensure all necessary documents and approvals are in place.
• Work with clients to structure the loan and financing requirements.
• Monitor and approve disbursements to builders and contractors.
• Deliver exceptional customer service, resolving issues and concerns in a timely manner.
• Evaluate the performance of the project and the borrower’s compliance of the loan terms and conditions.
• Ensure the project is completed on schedule and within budget.
• Conduct market research and identify potential business opportunities.
• Build and maintain relationships with clients, stakeholders, and industry professionals.

Required Qualifications and Skills:

• Bachelor’s degree in finance, economics, business administration, or related field.
• 7+ years of experience in construction lending and loan underwriting.
• Thorough understanding of construction projects, real estate principles, underwriting policies, and procedures.
• Excellent communication, negotiation, and analytical skills.
• Knowledge of local building codes, regulations, and construction lending practices.
• Strong organizational and project management skills.
• Proficient in MS Office, loan management systems, and relevant software.

Education and Experience Requirements:

• Bachelor’s degree in finance, economics, business administration, or related field.
• 7+ years of experience in construction lending and loan underwriting.

Physical Requirements (if applicable):

• Must be able to sit or stand for extended periods.

Work Schedule and Conditions (if applicable):

• Full-time, with occasional evenings and weekends.
• May require some travel to visit construction sites and client locations.

Compensation and Benefits:

• Competitive salary based on experience, education, and skills.
• Comprehensive benefits package including health insurance, retirement plans, and paid time off.

Company Culture and Values:

• We value teamwork, integrity, and innovation in everything we do.
• Our mission is to provide clients with trustworthy financial solutions for their construction needs.

Career Advancement Opportunities:

• We believe in promoting from within and offer opportunities for growth, development, and advancement.

Application Process and Contact Information:

• To apply for this position, please submit your resume and cover letter to [insert email address] with “Senior Residential Construction Loan Officer” in the subject line.
• For any further questions or inquiries, please reach out to [insert contact information].