Construction Loan Portfolio Manager
Company: Coastal Heritage Bank
Posted on: January 12, 2022
This position reports to the Senior Commercial Loan Officer. The
Construction Loan Portfolio Manager will be responsible for
Construction Loan, Commercial Loan Appraisal and Commercial Loan
Environmental monitoring for the Department.
- Perform or assign site inspections of approved projects to
verify work has been completed in responses to Borrowers' requests
for construction draws. Review foundation and septic "as-built"
plans, etc. for accuracy. Prepare or review disbursement requests
for advances and order title up-dates for advances to be approved
by Loan Officers. Communicate with Borrowers and Lenders relative
to discrepancies between draw request and work performed.
Communicate with Senior Lender & Loan Officers to insure sufficient
funds are available for the successful completion of a project.
Document files accordingly.
- Oversite and maintenance of the Construction Loan Portfolio.
Monitor exposure levels and ensure compliance with the Bank &
regulatory limitations. Prepare and present reports to Senior
Lender as necessary.
- Manage the Appraisal ordering & tracking process for the
lending team. Seek bids, complete formal request to perform
appraisal and track receipt; communicate with Lenders and Admins
upon receipt. Review or assign the review of Appraisals once
received. Document same and report any discrepancies to Senior
Lender & Lender of record.
Keywords: Coastal Heritage Bank, Weymouth , Construction Loan Portfolio Manager, Executive , Weymouth, Massachusetts
Didn't find what you're looking for? Search again!