Builder Finance & Residential Construction Relationship Manager

CapEd Credit Union•Meridian, ID

11d•$124,770•Hybrid

About The Position

The Builder Finance & Residential Construction Relationship Manager (BFRCRM) contributes to the obtainment of CapEd’s business objectives and mission by originating, underwriting, and managing construction and builder finance loans for residential projects. T his role supports local builders, developers, and members through all phases of the construction lending lifecycle within the credit union’s risk appetite - project evaluation, credit analysis, and disbursements. This position is considered a subject matter expert (SME) of Residential Construction and Builder Financed loans and uses expertise to assist employees with questions, solve escalated member issues within approval and position authority, assist with training for employees, and support projects.

Requirements

Experience: Five years to eight years of commercial lending experience with multiple years in residential construction or builder finance lending required.
Education: (1) A bachelor's degree (finance, business, or related field preferred), or (2) achievement of formal certifications recognized in the industry as equivalent to a bachelor's degree (e.g. information technology certifications in lieu of a degree).
Understanding of construction lending principles, residential building processes, and builder qualification standards.
Proven credit analysis and underwriting skills.
Actively participating as a member of a team to move the team toward the completion of goals.
Interacting with others in a way that gives them confidence in one’s intentions and those of the organization.
Making the needs of others a priority in order to actively build and develop productive internal and external relationships.
Identifying and understanding key issues and opportunities; using an effective approach for choosing a course of action or developing appropriate solutions based on data and potential outcome analysis, facts, constraints, and organizational values.
Committing to a course of action and then taking action.
Identifying opportunities and taking action to develop strategic and collaborative relationships with other areas, teams, departments, or organizations to help achieve business goals.
Initiating action that tries to achieve a recognized benefit or advantage when potential negative consequences are understood.

Responsibilities

Loan Origination & Member/Builder Relationships Develop and maintain strong relationships with local builders, contractors, developers, and real estate professionals.
Source and structure residential construction, spec, and builder line of credit loans.
Serve as the primary point of contact for members seeking residential construction or renovation financing.
Educate members and builders on credit union construction loan products, requirements, and processes.
Identify opportunities to grow the construction lending portfolio while ensuring alignment with credit union strategy and risk appetite.
Loan Structuring & Underwriting Evaluate borrower eligibility, project feasibility, builder qualifications, cost estimates, and collateral value.
Perform financial analysis of both consumer and builder financial statements, tax returns, budgets/cost breakdown, and credit reports.
Structure loans in accordance with policy - including loan-to-cost (LTC), loan to value (LTV), budget validation, and contingency requirements.
Prepare credit memorandums for approval and ensure adherence to regulatory, policy, and secondary market guidelines (as applicable).
Construction Loan Administration Coordinate third party services including appraisals, title work, inspections, and environmental reviews as well as loan closings.
Manage construction draw requests, verifying completed work, budget alignment, and lien protection.
Monitor project progress, timelines, cost overruns, and borrower, builder communication.
Identify and mitigate risks throughout the construction cycle, escalating concerns as needed.
Pipeline Management & Portfolio Oversight Maintain an accurate pipeline of loan applications, approvals, closing timelines, and disbursements.
Track loan performance and ensure projects convert properly to permanent mortgage financing.
Conduct periodic portfolio reviews and monitor adherence to loan covenants, borrower performance, and construction milestones.
Support efforts to reduce delinquency, mitigate losses, and maintain regulatory compliance.
Internal Collaboration Partner with underwriting, processing, and servicing teams to ensure smooth loan flow and exceptional member experience.
Provide feedback and recommendations to improve construction lending policies, procedures, and products.
Support training for staff who interact with construction or builder finance workflows.
Maintains knowledge of all Credit Union products, services, and promotions.
Contributes to efficient Credit Union operations by performing other job-related duties as assigned.