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Construction and Funding Specialist
First United Bank. Handle the funding process for SBA 7(a) and 504 construction and non-construction loans .
About the role
Key responsibilities & impact- Handle the funding process for SBA 7(a) and 504 construction and non-construction loans
- Ensure compliance with Small Business Administration requirements and bank loan policies
- Review and qualify contractors and analyze projects
- Review and process draw requests
- Verify loan and construction documentation
- Review construction documents before loan closing
- Communicate with borrowers and loan officers to gather disbursement documents
- Examine contractor invoices, AIA documents (G702, G703), lien waivers, and related documentation
- Ensure disbursements align with project budgets, timelines, bank approval, and SBA requirements
- Order and review inspection reports
- Coordinate with third-party funds administration companies when applicable
- Communicate with CDCs for 504 loans and coordinate debenture funding
- Obtain final surveys, completion certificates, certificates of occupancy, insurance certificates, and other funding items
- Create and maintain funding status reports for management
- Perform other related duties as assigned
Requirements
What you’ll need- High School Diploma or GED equivalent
- College Degree Preferred
- 2 years of experience construction loan funding
- Knowledge of AIA documents
- No SBA experience is required
- Proficiency in Microsoft Word and Excel
- Ability to review documentation meticulously and identify discrepancies
- Strong communication and interpersonal skills
- Problem-solving skills
- Understanding of required permits, construction-required insurance, and surveys
- Ability to adhere to First United policies and procedures
- Professional dress
- Must complete all required compliance exams yearly
Benefits
Comp & perks- Exciting opportunities for employees to grow and follow their passions
- Required annual compliance exams
- Reasonable accommodations for individuals with disabilities
- Equal employment opportunity protections