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Posted: Wednesday, February 7, 2018 7:44 AM

As a Construction Loan Officer, you will initiate Construction Loans through solicitation and development of relationships with real estate professionals, builders and other businesses. You'll need to maintain a quality network and will serve as a source of referrals. A successful CLO participates in business development and networking opportunities.
+ Oversee and participate in receiving, as well as evaluating, construction related due diligence items and equity verification during commercial real estate loan underwriting
+ Coordinate loan closings
+ Summarize findings
+ Initiate, perform and/or review construction loan disbursement procedures.
+ Interact with real estate clients, their personnel, contractors and consultants daily, both individually and in conjunction with the relationship manager (RM, loan officer) and other Umpqua personnel.
+ Analyze, review, and comment on construction loan agreements and related legal documents for Construction Loan Administration (CLA) requirements, dissemination of progress payments, and consistency with credit approval, budget and schedule.
+ Assist editing credit recommendations/applications as it relates to the construction aspects, for completeness and consistency with Bank requirements, policies and procedures.
+ Develop construction credit document for each assigned construction loan; review with RM prior to final submittal.
+ Engage and monitor third-party consultants related to cost and constructability reports, and monthly monitoring of draws, payment applications and site visits.
+ Identify equity requirements and verification; closing documentation and coordinate with Loan Administration and Loan Support Services; identify deficiencies and ensure corrections prior to recommendations and granting final acceptance.
+ Monitor Due Diligence requirements for each assigned construction loan including analysis of contractors, review of \"Plans & Specs\", verification of construction budgets, endorsement of design professionals and construction contracts, etc.
+ During construction, monitor the monthly draw requests inputting information into the CLA tracking systems, review and comment on consultant/inspector reports, percent complete of construction, schedule, change orders etc.
+ Partner with RMs, Loan Administration, Corporate and Commercial Banking Centers personnel, etc. on all commercial loans involving construction of any kind. Answer questions as needed.
+ Prepare reporting requirements on a weekly, monthly and annual basis, contractor tracking and consultant/inspector agreements.
+ Demonstrate compliance with all bank regulations that apply to your position, and keep up to date on regulation changes.
+ Maintain working knowledge of our policies and procedures regarding the Bank Secrecy Act, Regulation CC, Regulation E, Bank Security and other regulations that apply to your position.
+ Associate, vocational, technical degree, or certification in real estate, construction, accounting or public administration required.
+ Bachelor's degree in architecture, civil or structural engineering, or construction management preferred.
+ 7+ years of relevant construction, construction lending, credit analysis, and/or appraisal experience.
+ Ability to be flexible with an ever-changing body of work; manage multiple projects and inquiries at the same time.
+ Prior construction lending experience, and wide-ranging and in-depth knowledge of industry practices.
+ Knowledge of loan documents, construction documents and specifications from all disciplines, construction contracts, and consulting agreements; construction and Real Estate Development industry standards (AIA and AGC documents, appraisals, surveys, title reports, insurance requirements, etc.) and direct field experience desired.
**Physical Requirements and Working Conditions**
Work involves:
+ sitting,
+ occasional walking
+ lifting up to 10 pounds.
+ Occasional travel.
No relocation is required.
**About Us**
We do things a little differently here at Umpqua. Our retail stores serve as community hubs, our associates are given up to 40 hours of volunteer time each year, and we're never satisfied with the status quo. It's no wonder we've made \"Fortune's 100 Best Companies to Work For\" eight years in a row. But greatness has no finish line, so we continue every day to keep people at the center of everything we do. We focus on building relationships, understanding our customers' needs and connecting to people in new and innovative ways -- always staying true to our mission of providing personalized banking for all people, whenever and however they prefer to bank
Umpqua Bank is committed to employing a diverse workforce. Qualified applicants will receive consideration without regard to race, color, religion, sex, national origin, age, sexual orientation, gender identity, gender expression, protected veteran status, or disability. We maintain a drug-free workplace and may perform pre-employment substance abuse testing.
Associated topics: construction manager, consultant, custom, director, gcc, healthcare, manager, public works, superintendent, supervisor


• Location: Seattle

• Post ID: 62301827 seattle is an interactive computer service that enables access by multiple users and should not be treated as the publisher or speaker of any information provided by another information content provider. © 2018