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Construction Loan Portfolio Manager

Company: Coastal Heritage Bank
Location: Weymouth
Posted on: January 12, 2022

Job Description:


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

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