Construction Loan Specialist

 Posted 15 hours ago
     
5-10 years experience
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AI Summary

Manage the construction loan pipeline and coordinate the disbursement of funds to borrowers and contractors. Act as a subject matter expert for product inquiries and ensure all approval conditions and agency delivery requirements are met.

Be part of a team that's committed to making a difference. We believe in our work and our customers.

Position Location

Remote Type

Remote

Office Location (if not fully remote):

n/a

Job Description

The Construction Loan Specialist manages the construction loan pipeline to ensure smooth, efficient financing operations. This role is responsible for overseeing and coordinating the disbursement of construction funds to borrowers and contractors, acting as a key point of contact throughout the project lifecycle.

What you will do:

  • Manage and support construction projects across the portfolio, ensuring all milestones are met.

  • Review construction loans to verify that all approval conditions have been met according to established criteria. Partner with branches, borrowers, and general contractors to gather, verify, and execute all required documentation.

  • Partner with branches, borrowers, and general contractors to gather, verify, and execute all required documentation.

  • Communicate effectively with the lock desk and branch teams regarding float-down timing.

  • Process loan files with modified terms, ensuring borrower requalification when necessary and meeting all agency delivery requirements.

  • Act as a subject matter expert to handle product inquiries and assist branches with pre-disclosure reviews for accurate construction term setup.

  • Contribute to departmental goals, support a collaborative team culture, and perform other duties as assigned.

What we are looking for:

  • 5+ years of experience in residential mortgage lending, with specific expertise in residential construction loans.

  • Deep understanding of conventional, government (FHA/VA), and Jumbo loan requirements.

  • Strong working knowledge of state and federal real estate lending regulations.

  • Excellent organizational skills with a demonstrated ability to prioritize, track, and accomplish work goals.

  • Experience leading or developing team initiatives and collaborative projects.

  • Proven ability to work effectively in a fast-paced, evolving environment.

This is a fully remote position. Candidates must have access to a quiet home office space and reliable high-speed internet.

Schedule: Must be able to work standard business hours within the Pacific Time Zone (PST).

Fairway Home Mortgage, founded in 1996, is a nationwide leader in the mortgage industry. Customer service is at the heart of everything we do. We deliver personalized loan solutions with some of the fastest turn times in the industry. Our mission is to act as trusted advisors, guiding clients through every step of the mortgage process to exceed expectations and ensure satisfaction.

Our culture promotes innovation, growth, and collaboration, offering exciting career paths and professional development. Whether you're starting out or advancing your career, Fairway is a place where your skills and ambitions can thrive.

Current Employees: Head to the Fairway Careers Hub in Workday for internal job openings.

We post some job openings internally for our employees and others externally for the general public. If you cannot find the perfect role right now, do not hesitate to contact the Careers Team at careers@fairwaymc.com. We can answer any questions and keep you updated on future opportunities.

View our E-Verify and Right to Work notices HERE.

Important Notice to Job Seekers! We’ve been made aware of fraudulent messages falsely claiming to be from Fairway recruiters, including links to assessments. These are not legitimate and are not affiliated with Fairway Independent Mortgage Corporation. We’re working with our Information Security team to address this issue. Thank you for your vigilance and continued interest in joining Fairway! All official communication will come from verified Fairway email addresses or our official LinkedIn page. If you receive a suspicious message, please do not click any links and notify us.

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