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Loan Fulfillment Construction Lending Risk Manager

Company: Regions Bank
Location: Birmingham
Posted on: January 27, 2023

Job Description:

Thank you for your interest in a career at Regions. At Regions, we believe associates deserve more than just a job. We believe in offering performance-driven individuals a place where they can build a career --- a place to expect more opportunities. If you are focused on results, dedicated to quality, strength and integrity, and possess the drive to succeed, then we are your employer of choice.Regions is dedicated to taking appropriate steps to safeguard and protect private and personally identifiable information you submit. The information that you submit will be collected and reviewed by associates, consultants, and vendors of Regions in order to evaluate your qualifications and experience for job opportunities and will not be used for marketing purposes, sold, or shared outside of Regions unless required by law. Such information will be stored in accordance with regulatory requirements and in conjunction with Regions' Retention Schedule for a minimum of three years. You may review, modify, or update your information by visiting and logging into the careers section of the system.Job Description:At Regions, the Loan Fulfillment Construction Lending Risk Manager manages a team that evaluates risks associated with residential home builders and contracts submitted as part of an application of a construction permanent loan request.Primary Responsibilities

  • Manages a team of associates responsible for evaluating the risk on loan requests for construction permanent loan applications by reviewing builders, contracts, cost/budget, appraisals, complexity of home designs/specifications, surveys, and internal program guidelines
  • Oversees the resolution of loans past due on interest, loans past maturity, loans encumbered by liens or lawsuits, builder/borrower disputes and other problem loans
  • Works with borrowers, builders, title agents and attorneys within the compliance framework to attain outcomes most favorable to the bank
  • Determines guidelines for project reviews that are appropriate to state statutes and administration consistent with Regions Construction Permanent (CP) loan agreement
  • Directs departmental operations, analytics, and reporting
  • Addresses problem loans and provides appropriate solutions
  • Manages a team by working with other departments to convert loans within a timely manner
  • Oversees appropriate departmental staffing as dictated by business cycles and technologyThis position is exempt from timekeeping requirements under the Fair Labor Standards Act and is not eligible for overtime pay.This position is incentive eligible.This is a single incumbent position.Requirements
    • High School Diploma or GED
    • Seven (7) years of mortgage lending experience
    • Three (3) years of supervisory or managerial experiencePreferences
      • Bachelor's degree in a related field
      • Knowledge of the construction administration processSkills and Competencies
        • Ability to build relationships
        • Ability to meet deadlines and achieve goals
        • Excellent communication skills
        • Great organization skillsAdditional Responsibilities:- Oversight of the construction administration process as it relates to inspections, draws and pipeline management.- Ensuring overall performance of the department as it relates to service levels, quality and risk management. Additional Preference: 5 years Construction Lending ExperienceThis position is a fully remote role. Position TypeFull timeCompensation DetailsPay ranges are job specific and are provided as a point-of-market reference for compensation decisions. Other factors which directly impact pay for individual associates include: experience, skills, knowledge, contribution, job location and, most importantly, performance in the job role. As these factors vary by individuals, pay will also vary among individual associates within the same job.The target information listed below is based on the national range and level of the position.Job Range Target:Minimum:$56,437.50 USDMedian:$101,530.00 USDIncentive Pay Plans:This role is eligible to participate in the annual discretionary incentive plan. Employees are eligible to receive a discretionary award based on individual, business, and/or company performance.Benefits InformationRegions offers a benefits package that is flexible, comprehensive and recognizes that "one size does not fit all" for associates. Listed below is a synopsis of the benefits offered by Regions for informational purposes, which is not intended to be a complete summary of plan terms and conditions.
          • Paid Vacation/Sick Time
          • 401K with Company Match
          • Medical, Dental and Vision Benefits
          • Disability Benefits
          • Health Savings Account
          • Flexible Spending Account
          • Life Insurance
          • Parental Leave
          • Employee Assistance Program
          • Associate Volunteer ProgramPlease note, benefits and plans may be changed, amended, or terminated with respect to all or any class of associate at any time. To learn more about Regions' benefits, please click or copy the link below to your browser.Location DetailsRiverchase NorthLocation:Hoover, AlabamaBring Your Whole Self to Work We have a passion for creating an inclusive environment that promotes and values diversity of race, color, national origin, religion, age, sexual orientation, gender identity, disability, veteran status, genetic information, sex, pregnancy, and many other primary and secondary dimensions that make each of us unique as individuals and provide valuable perspective that makes us a better company and employer. More importantly, we recognize that creating a workplace where everyone, regardless of background, can do their best work is the right thing to do. OFCCP Disclosure: Equal Opportunity Employer/Disabled/Veterans

Keywords: Regions Bank, Birmingham , Loan Fulfillment Construction Lending Risk Manager, Professions , Birmingham, Alabama

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