Reports to: Property Management Officer
Functions Supervised: None
Primary Functions: Manage Alaska USA builder approval process and oversee post-closing construction draw process and repair escrows.
Duties and Responsibilities:
Maintain a current list of approved builders.
Review new builder application packages for compliance with Alaska USA approved-builder requirements; submit qualified builders' application packages to Finance Committee for review and final approval.
Coordinate distribution of construction draws, including inspections and title updates (when necessary) on construction and renovation loans.
Maintain draw records in loan origination system.
Communicate with members and builders regarding project completion expectations.
Process requests for extensions to the construction phase upon request from member and/or builder.
Oversee repair holdbacks for closed loans; maintain communication with members to ensure timely completion of work requirements.
Assist with training Production and Operations staff on construction loan products and procedures.
Maintain current general knowledge of mortgage lending policies, procedures, guidelines, and regulations.
Other duties as assigned.
Education: High school graduate or equivalent.
Creditable Experience in Lieu of Education: Not applicable.
3 years experience in a construction related field. Working knowledge of construction project management for full new-builds and renovation projects. Strong written and verbal communication skills. This position will require the employee to become Federally Registered through the NMLS per the S.A.F.E. Act. NMLS Federal Registration will be sponsored by Alaska USA Federal Credit Union.
Tenure: Not applicable
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Alaskausa Mortgage Company