This position is responsible for preparing and administering construction budgets and processing construction loan disbursements/draws in accordance with Bank policy and procedure. This includes preparation of construction loan documents and ensuring all collateral is perfected to protect the Bank’s interest. Works with the production team from the point of loan approval and ongoing maintenance through final payoff or conversion to term loan. Functions as part of a team and individually to ensure a high level of customer service to internal customers as well as bank clients in a professional manner.
Perform assigned duties in accordance with the Bank’s Mission, Vision and Core Values; and provide the Bank’s customers with timely, responsive and exceptional service in accordance with the Bank’s customer service standards.
Work in partnership with production teams as a liaison with customers, attorneys, and title company representatives, during all phases of financing as required. Participate in “kick-off” meeting between customer and Bank.
Using LaserPro, prepare complex construction loan documents according to the approved credit memo, ensuring that all terms of the loan, as approved, are incorporated in the loan documents. Ensure that all closing conditions are met and that loans are closed within time frames that are consistent with exceptional customer service.
Ability to comprehend complex entity documentation for LLC’s, corporations, partnerships, trusts etc.
Order and analyze title insurance commitment reports including title exceptions, endorsements and prepare title/escrow instructions.
Order and analyze UCC pre-search reports to ensure the Bank’s lien position for UCC collateral types; prepare termination, assignment or subordination filings to assist in clearing existing liens.
Administer construction loans, including ordering inspections and title date-downs, preparing and balancing budgets and processing draws.
Perform quality control review for accuracy of loan documentation and note boarding.
Maintain a working knowledge of and compliance with all banking regulations related to the lending function and other areas of the Bank as appropriate.
Be knowledgeable of and promote all relevant bank products and services.
Provide timely and responsive customer service by taking initiative to resolve potential issues prior to customer impact.
Minimum 5 years of experience in commercial and construction loan administration and documentation.
Advanced level of knowledge in all areas of commercial construction lending, including letters of credit, collateral pools, multi-phased construction, residential construction and multiple collateral properties. Experience with new market and historic tax credits a plus.
Experience in Laser Pro loan documentation software.
Strong technical expertise in documentation, closing and administrative functions, including thorough knowledge of lending process, commercial real estate and construction documentation, construction budget preparation, title insurance and appraisal/inspection compliance.
Working knowledge of commercial lending best practices.
Effective oral and written communication skills.
Telecommuting is allowed.
About Northwest Bank
Northwest Bank serves the business and professional communities of Idaho, Oregon, Washington and Utah. We were founded in 2008 on the idea that experience and exceptional service matter and should be expected, and that banks should be strong partners with their customers in finding creative financial solutions that work. We thrive by helping our client’s thrive, and by applying our team’s experience, creativity, and exceptional levels of service to achieve great outcomes.
We are always looking for talented and entrepreneurial individuals who model accountability, teamwork and respect for others. Our culture and people mean a great deal to us, and our team is driven to deliver exceptional service to our clients as well as each other.