Construction Loan Specialist: Draws, Risk & Relationships

SmartRecruiters, Inc.; Colorado Springs (CO); On-site; USD 47,000 - 55,000; Full time

Benefits offered by this job

401(k) match

Health Insurance

Vision Insurance

Life Insurance

Disability Insurance

HSA with company contribution

EAP

Paid Vacation and Holidays

Tuition Reimbursement

Job summary

Ent Credit Union and Wings Credit Union have merged to enhance member service and community impact. The Commercial Construction Loan Specialist will oversee end-to-end processing of construction loans, manage draws, liens, inspections, and documentation, and work closely with borrowers, builders, inspectors, and loan officers to mitigate risk.

The role requires a Bachelor’s degree in a related field and 4+ years in construction lending or related areas, plus a valid driver’s license.

Qualifications

• 4+ years of experience in commercial construction lending, construction administration, loan servicing, commercial credit, or related fields.
• Bachelor's Degree in Finance, Accounting, Business Administration, Economics, Construction Management, Project Management, or related field.
• Driver's License required.

Responsibilities

• Review loan documents to ensure construction terms, budgets, and funding requirements are accurately established.
• Coordinate project setup within loan servicing and/or construction loan management systems.
• Review and approve complex draw requests, ensuring alignment with project milestones, budget, and third-party inspection results.
• Validate percentage of completion calculations and remaining funds availability.
• Monitor lien waivers, title updates, endorsements, and other collateral protection requirements.
• Review project budgets for cost overruns and identify potential project risks, escalating concerns regarding delays, budget deficiencies, contractor issues, and/or collateral risks.
• Ensure compliance with loan covenants and construction loan agreements.
• Serve as point of contact for borrowers, contractors, builders, title companies, and inspectors.
• Provide guidance regarding draw procedures, documentation requirements, and project expectations.
• Participate in audits, quality control reviews, third-party examinations, and pipeline reporting.
• Maintain accurate records of inspections, funding approvals, and project status updates.
• Assist management with construction portfolio analytics and risk reporting.
• Performs other duties as assigned.
• Bank Secrecy Act: Remains cognizant of and adheres to Wings policies and procedures, and regulations pertaining to the Bank Secrecy Act.

Skills

Construction lending knowledge

Customer relationship management

Team collaboration

Adaptability

Education

Bachelor's degree in Finance, Accounting, Business Administration, Economics, Construction Management, Project Management, or related field

Tools

Built Technologies

Job description

Ent Credit Union and Wings Credit Union have merged to enhance member service and community impact. The Commercial Construction Loan Specialist will oversee end-to-end processing of construction loans, manage draws, liens, inspections, and documentation, and work closely with borrowers, builders, inspectors, and loan officers to mitigate risk.

The role requires a Bachelor’s degree in a related field and 4+ years in construction lending or related areas, plus a valid driver’s license.