Residential Construction Loan Officer
Company: ServisFirst Bank
Location: Birmingham
Posted on: May 16, 2022
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Job Description:
Job Description At ServisFirst, Our Name is Our Mission. DUTIES
AND RESPONSIBILITIES The Residential Construction Loan Officer is
responsible for the origination, underwriting, structuring and
closing of construction and development loans, as well maintaining
and servicing an existing portfolio. The Officer represents the
Bank in the local community through active participation in
community affairs and participates in marketing all of the Bank---s
products and services. The incumbent will: Evaluate needs of
potential clients and offer appropriate financial products,
services and loans within a multistate footprint Promote and
cross-sell other products and services as appropriate to client
requirements Respond to client phone calls, inquires and requests
regarding accounts within 24 hours Conduct networking activities
such as community events, attending local Chamber of Commerce
meetings, developing relationships with Centers of Influence and
entertaining clients/prospects to enhance relationships and create
new sales Develop call lists of clients and prospects to meet
monthly call goals Conduct warm and cold prospect calls in
accordance with stated goals Generate new business to meet annual
growth goals Assist in managing the administration of all
construction loan files, which includes reviewing and analyzing the
cost to build, debt ratios, cash to close, etc., funding the loan,
monitoring the disbursement of construction funds, inspecting
properties, reviewing inspections, project reviews, contractor
reviews, and whatever else is necessary to ensure safety and
soundness of the construction division. Consolidates and presents
construction loans in loan committee for approval Informs
management, including the loan Committee, of issues that arise
during the construction process that could negatively impact our
ability to obtain long term financing Coordinates with attorneys,
title companies, appraisers, inspectors, and members as necessary
to ensure a smooth construction process Interview loan applicants
and collect and analyze financial and related data to determine the
general credit worthiness of the prospect and the merits of the
specific loan request Ascertain feasibility of the construction
project including marketability of the completed project for
commercial residential, commercial income property, land loans, and
speculative residential property. Establish and negotiate, where
necessary, terms under which credit will be extended, including the
costs, repayment method and schedule, and collateral requirements
Review construction inspections and, with the assistance of the
construction loan administrator, monitor draw requests to ensure
that sufficient money remains to complete the project Work with
general contractors to help ensure that the project is moving
smoothly and that subcontractors are being paid Note: Reasonable
accommodation may be made to enable otherwise qualified
associates/applicants with disabilities to perform the essential
functions of the job. Note: Additional duties and responsibilities
may be assigned MINIMUM QUALIFICATIONS Bachelor---s degree in
related field and minimum of three (3) years--- banking or
financial services experience required Ability to review and
interpret ---As Is--- and ---As Complete--- construction project
appraisals. Strong understanding of the construction project
entitlement process. Strong understanding of, and ability to
negotiate, complex construction loan documentation. Excellent
communication skills, with ability to quickly understand and
communicate concepts both verbally and in written form. Excellent
accounting knowledge (college coursework or equivalent work
experience) as applied to construction loan underwriting. Ability
to stay organized and multi-task Experience using Microsoft
Outlook, Word and Excel PHYSICAL REQUIREMENTS AND ENVIRONMENTAL
CONDITIONS The physical requirements and environmental conditions
of this position consist primarily of: Sustained standing and
sitting Frequent use of PC, including typing or sustained attention
to monitor Occasional presentations requiring public speaking to
small groups Occasional lifting of basic office files or equipment
up to 20 lbs Normal office environment with comfortable internal
temperatures and low level noise Some travel necessary for
client/prospect meetings and networking events EOE/AA
Keywords: ServisFirst Bank, Birmingham , Residential Construction Loan Officer, Professions , Birmingham, Alabama
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