At VyStar, we offer competitive pay, an excellent benefit package that includes a 401(k) Plan, an extensive paid technical and on-the-job training program, and tuition

reimbursement--available to all full and part time employees. Part time positions start at a minimum of 30 hours per week.

We encourage you to become a part of VyStar Credit Union's family of employees.

Construction Perm Loan Coordinator

ACCOUNTABILITY STATEMENT

The Construction Perm Loan Coordinator supports a variety of functions within the residential construction perm lending process, from review of construction related documents at loan origination through modification of loan to perm financing. The incumbent should possess knowledge across the construction perm lending space to successfully administer construction loans within assigned portfolio and ensure loan performs in accordance with established guidelines, VyStar Policies and procedures to include State and Federal guidelines.

ESSENTIAL JOB FUNCTIONS

The Construction Perm Loan Coordinator is responsible for analyzing construction disbursement requests and administering disbursements throughout the duration of the construction phase.

Serves as primary point of contact for general inquiries from members, builders, inspectors, loan originators and title companies concerning construction inspections and disbursements, including funding availability, obtaining approvals and required documentation before releasing funds.

Oversees the inspection process and submission of invoices for payments.

Maintains tracking to validate receipt of member

documentation, ensuring appropriate release documents are received during each disbursement.

Ensures disbursements are completed timely in accordance with the established guidelines.

Communicates frequently with members and builders to ensure projects are progressing according to the specified timing gates detailed in the construction agreement between VyStar, builder and members alike.

Monitors monthly interest payments to ensure loans are current and payments are posting correctly before future draws are released to minimize risk to VyStar.

Monitors and updates hazard and liability insurance expirations, request replacement coverage, update coverage as required.

Responds to questions and works closely with members and builders to resolve issues related to Construction loans or escalates to ensure proper resolution.

Maintains contact with members regarding documentation and funds needed for conversion to permanent financing.

Oversees the request for Title updates and Final Title Policies to review for conformance with requirements.

Assists in the preparation and processing of loan modification agreements for extensions of maturity date.

Assists in the preparation and processing of closing orders to title companies for recording of modification agreements and tracks receipt of applicable endorsements.

Be willing to assume additional duties as they arise, cross train within the departments and be responsive to Real Estate Lending and VyStar needs.

Ability to maintain or exceed goals as defined.

Must be able to generate enthusiasm for all VyStars products and services.

Partner R

VyStar Credit Union

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Construction Perm Loan Coordinator