Mortgage Construction Draw Representative at Sunward Federal Credit Union

Albuquerque, New Mexico, United States -

Full Time

Start Date

Immediate

Expiry Date

26 Jan, 26

Salary

0.0

Posted On

28 Oct, 25

Experience

2 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Construction Loan Process, Documentation, Draw Schedules, Inspection Processes, Loan Origination Systems, Construction Draw Software, Microsoft Office Suite, Document Management, Lien Laws, Title Requirements, Communication Skills, Customer Service, Attention to Detail, Relationship Building, Data Analysis, Problem Solving

Industry

Banking

Description

Description Job Scope: Responsible for managing and processing construction loan draw requests, ensuring timely disbursement of funds, and maintaining compliance with internal policies and regulatory requirements. This role serves as a liaison between borrowers, builders, inspectors, and internal mortgage teams to ensure smooth and accurate draw processes throughout the construction lifecycle. Essential Functions Work closely with internal teams, borrowers, builders, title companies, inspectors, and members to ensure smooth construction transactions and timely funding. Provide pre-processing review of construction contracts, draw schedules, specifications, construction plans, and builder vetting for accuracy; work with originators, processors, and builders to clear file discrepancies. Provide pre-closing review of construction contracts, draw schedules, specifications, construction plans, and builder vetting for accuracy; work with originators, processors, and builders to clear file discrepancies. Obtain, prepare, review, and process draw requests from builders/homeowners in accordance with loan agreements and construction schedules. Coordinate inspections, update the construction loan system with completion percentages, track funds remaining, and validate lien waivers. Monitor construction progress, ensuring timely inspections, accurate documentation, and resolution of discrepancies or timeline issues. Maintain accurate records of disbursements, budgets, change orders, and backup documentation in the loan origination system. Obtain, prepare, review, and process final draw requests and trailing documents, and complete interim construction closeout to permanent financing. Manage and process escrow / retainage holdbacks, ensuring proper documentation, disbursement, and compliance with loan terms. Follow current policies and procedures established by the Board of Directors and ensure compliance with all federal, state, and industry regulations. Assist in the improvement of construction loan processes and procedures. Vet, review and verify builder credentials (licenses, insurance, financials, references, and prior project history), maintain an approved builder list, and provide orientation on draw procedures, documentation standards, and compliance requirements. Vet inspection and title companies for qualifications, insurance, and construction experience; establish expectations for reporting accuracy and timeliness; and onboard inspectors into Sunward’s construction loan system. Perform other duties as assigned. Requirements Qualifications: Experience and Education Minimum 3 years of experience in mortgage lending, construction lending, or mortgage loan servicing of construction loans. Bachelor’s degree in business or related field, or equivalent relevant work experience in lieu of a degree. Knowledge Understanding of construction loan process and documentation, draw schedules, and inspection processes. Proficiency in loan origination systems (LOS), construction draw software, Microsoft Office Suite, and document management platforms. Working knowledge of lien laws and title requirements Skills/Abilities Ability to identify potential issues in loan documentation, inspections, or builder qualifications and take proactive steps to reduce financial or compliance risk. Skill in building and maintaining effective relationships with borrowers, builders, inspectors, title companies, and internal teams to facilitate smooth loan processes. Ability to extract, analyze, and interpret data from loan systems to track project progress, fund disbursements, and identify trends or anomalies. Ability to sequence work effectively, meet deadlines, and adjust priorities based on loan schedules, inspections, and funding requirements. Strong attention to detail. Excellent communication and customer service skills. Proactively identifies opportunities to enhance processes, streamline workflows, and implement best practices within construction loan operations. Physical Requirements/Work Environment Primarily office-based work with extended periods of sitting and computer use. Occasional lifting or carrying of files, documents, or small office equipment (typically under 20 lbs). Occasional travel may be required for site inspections or meetings with builders, inspectors, or members. Work may require walking on construction sites during inspections, sometimes over uneven terrain. Ability to communicate clearly in person, by phone, and virtually. Standard office environment with normal lighting, temperature, and noise levels.

Responsibilities

Manage and process construction loan draw requests, ensuring timely disbursement of funds and compliance with regulations. Serve as a liaison between borrowers, builders, inspectors, and internal teams to facilitate smooth draw processes throughout the construction lifecycle.