Construction Loan Coordinator: Draws, Compliance & Funding

Jobtailor; Phoenix (AZ); On-site; USD 55,000 - 75,000; Full time

Job summary

Jobtailor is seeking a Construction Lending Support professional to assist residential lending teams in collecting and reviewing construction-loan documentation, draw requests, and related regulatory compliance. You will coordinate closing, funding, and post-closing activities, ensuring accuracy in budgets and insurance requirements.

The role requires attention to detail, strong organizational skills, and the ability to manage multiple tasks while collaborating with members, contractors, and

Qualifications

• High school diploma or GED is required.
• 1–3 years’ experience in residential lending origination, processing, servicing or disbursements/draws.
• Knowledge of residential lending, compliance and credit regulations.
• Ability to complete construction site inspections and prepare required reports.
• High attention to detail and strong organizational skills.
• Strong relationship management skills.
• Excellent verbal and written communication.
• Ability to manage multiple assignments within tight timeframes.

Responsibilities

• Support residential lending teams with collecting and reviewing construction-loan documentation, escrow holdbacks, holdback agreements and credit-approval documents.
• Support construction-related loan closing and funding processes.
• Obtain missing documentation for construction loans, draw requests and final draw requests.
• Review construction budgets for accuracy and feasibility.
• Review construction contracts and related documentation.
• Co-host introduction calls to educate members and general contractors on the draw process and expectations.
• Prepare and send post-closing welcome packages.
• Process construction draw requests according to prescribed draw schedules.
• Create complete draw packages and submit them to residential loan servicing for processing and funding.
• Maintain construction files and audit trails.
• Save and account for required documentation in electronic systems.
• Confirm builders risk and other insurance requirements throughout construction, and ensure homeowners insurance is obtained at project completion.
• Complete and order property inspections through third-party vendors.
• Review third-party invoices and submit them to accounts payable.
• Document project progress and report risks to the credit union.
• Monitor changes to loan policies, procedures and compliance rulings.
• Track residential construction projects from inception to completion.
• Complete construction extensions with appropriate internal approvals.
• Assist with commercial construction projects as a growth path.
• Perform other job-related duties as assigned.

Skills

Residential Lending Experience

Construction Loan Documentation

Compliance Knowledge

Relationship Management Skills

Construction Site Inspections

Education

High School Diploma or GED

Tools

Credit Union Core Processing Systems

Department-Specific Processing Systems

Job description

Jobtailor is seeking a Construction Lending Support professional to assist residential lending teams in collecting and reviewing construction-loan documentation, draw requests, and related regulatory compliance. You will coordinate closing, funding, and post-closing activities, ensuring accuracy in budgets and insurance requirements.

The role requires attention to detail, strong organizational skills, and the ability to manage multiple tasks while collaborating with members, contractors, and