As a Construction Loan Processor your primary responsibilities include to promptly, efficiently, and compliantly gather necessary documents to complete the construction draw process. This includes processing, funding, and handling all draws and modifications throughout the building process. The role works closely with Construction Loan Officers and Underwriters to achieve the goals of the Credit Union.

• Process all construction loans, ensuring all required documentation is in the file and accurate.
• Send all required disclosures following RESPA and Fair Lending requirements.
• Manage all draw requests, including balancing draw requests to lien waivers or invoices.
• Analyze budgets against sources and uses of funds to identify exceptions or changes in conformity to standard monitoring requirements.
• Assess compliance with loan documentation to ensure loans are within budget and timeframe for project completion.
• Manage construction loan files, including builder plans and specs, income verifications, assets, cost-to-build estimates, and site designs.
• Communicate with the loan officer, member, builder, inspector, and title as necessary to receive proper documentation for a complete draw. This includes approving all draws and obtaining appropriate levels of approval as necessary.
• Coordinate inspection of the project with the Credit Union’s inspectors.
• Set up and maintain internal records, keeping loan disbursements and project progress through input into the Credit Union’s monitoring system.
• Assist with various mortgage loan duties as required.
• Perform additional duties as assigned.

Bachelor’s Degree or equivalent work experience preferred. One year or more of loan processing experience preferred. Excellent communication and people skills with an eye for detail. Able to work under pressure and multi-task in an organized manner.

Performance Standard:

Must take pride in department by processing draw requests in a timely and efficient manner with a high attention to detail. Must be professional and courteous in manner, with a focus on attendance, quality and quantity of work performed. Must be willing to comply with the Bank Secrecy Act and USA Patriot Act as implemented by Idaho Central Credit Union.

Physical Requirements:

• Perform tasks requiring manual dexterity (processing paperwork, filing, stapling, sorting, collating, typing, counting cash, etc.).
• Sit for extended periods of time.
• Lift 20-40 pounds of applicable supplies including but not limited to copy paper, cash drawers, marketing material, etc.
• Repetitive motion using wrists, hands, and fingers.
• Reach keyboards.
• Ability to operate basic office machines (calculator, computer, telephone, copy machine, fax machine, etc.).

The above statements reflect the general details considered necessary to describe the essential functions of the job and should not be construed as a detailed description of all the work requirements that may be inherent of the job.

Must be eligible for membership at Idaho Central Credit Union to obtain employment.

Idaho Central Credit Union is an Equal Opportunity Employer. Employment decisions are made without regard to race, color, religion, national or ethnic origin, sex, age, disability, protected veteran status or other characteristics protected by law.