Construction Mortgage Lending Assistant Manager

ABOUT REDWOOD CREDIT UNION (RCU):

At Redwood Credit Union, our mission is to passionately serve the best interests of our Members and communities. Since 1950, we have been dedicated to supporting the financial well-being of our Members through better rates, low or no fees, and best-in-class customer service. Our purpose is to inspire hope and elevate the financial well-being of our communities one person at a time, through good times and bad.

As a not-for-profit financial institution, we are committed to a people-first approach, which is reflected not only in how we serve our Members, but also in how we treat our employees. Our leadership team is deeply focused on fostering a culture of heart and empathy, integrity, passion, inclusion, meaningful relationships, excellence, and ensuring financial well-being for all.

Why work for Redwood Credit Union?

• 32nd largest credit union in the U.S. and the largest financial institution based in the North Bay
• Awarded a 5-Star Rating based on 6/30/24 financial data by Bauer Financial
• Recognized by Newsweek as one of "America's Best Credit Unions 2024"
• Recognized by Forbes as one of "America's Best Small Employers 2023"
• Voted Best Places to Work in the North Bay 19 years in a row
• World-class Employee Engagement scores
• Rated Superior in Service by more than 90% of Members, surveyed by SF Gate
• Industry leading Net Promoter Scores across the U.S.

Join us and discover why you'll love working at Redwood Credit Union!

Redwood Credit Union is looking for our next Assistant Manager, Construction Lending who will be esponsible for the planning, implementation, and management of all activities related to residential and commercial construction lending and rebuild programs for Redwood Credit Union (RCU). Assists Management in making key decisions that require knowledge of residential construction, mortgage, and compliance. Maintains excellent Member service levels.

Further, this individual will make recommendations and provide feedback to the Mortgage Lending Manager to fulfill strategic goals and meet expectations, while assisting with the oversight and management of lending system projects.

ESSENTIAL FUNCTIONS:

Construction Lending and Insurance Fund Administration

• Thorough knowledge of construction lending processes and procedures.
• Provide management and oversight of the construction lending and rebuild programs, including development and implementation of department policies and procedures.
• Review and make recommendations regarding loan structure, conditions precedent to loan closing, and progress draw administration procedures appropriate for the project to mitigate risk and include in loan documents.
• Review construction documents including, but not limited to; the hard and soft cost budgets, plans, specifications, permits, and contracts (with the architect, general contractor, subcontractors, project managers, owner's representative and other project consultants).
• Provide contractor assessment to determine if the capacity and experience of the proposed general contractor is appropriate for a proposed project.
• Extensively use project management skills to continually improve processes and create efficiencies.
• Collaborate with Business Lending unit managers to ensure excellent member service standards are met.
• Ensure compliance with pertinent government rules and regulations.

Project Management

• Administer and process construction draws, including proper draw retention management, ensuring the Member's and Credit Union's interests are protected, work is properly completed, and that the Credit Union maintains/preserves its priority lien position free of mechanic's liens.
• Provide resolution for deficiencies that arise prior to granting final approval for further disbursement to ensure that the project adheres to plans, does not incur cost overruns or liens, and to determine if progress supports funding of requested draws.
• Follow up with borrowers and/or contractors on any risks or deficiencies identified in the review and/or arising from the third-party consultant's report. If applicable, assist in selection and engage approved third-party consultants to review the cost and constructability of proposed real estate projects.
• Partner with Mortgage Lending Manager to manage contract review, negotiation, acceptance and renewal in conjunction with internal compliance and vendor management.
• Ensure all contract review and vendor review documents and reports are provided timely to Mortgage Lending Manager prior to Compliance's final review.

Other Functions

• Compose and generate construction, credit and lending reports as necessary.

Minimum Qualification: Knowledge, Skills and Abilities

• Current knowledge of all laws, rules and regulations pertaining to residential mortgages.
• Highly developed analytical skills for making sound credit decisions.
• Excellent written and verbal communication skills.
• Excellent negotiation skills.
• Strong organization, research, analytical and planning skills.
• Ability to plan, implement and evaluate the achievement of goals, objectives, and work plans.
• Flexibility and ability to prioritize and handle multiple tasks.
• Ability to work effectively under deadlines and stress.
• Skill in the operation of a personal computer and word processing, spreadsheet and presentation software and Intra/Internet access.
• Ability to analyze problems and opportunities, identify and evaluate alternatives, and develop sound, effective approaches.
• Ability to establish and maintain effective working relationships with a diverse group of people including members, employees, vendors, and other third parties.

Physical Requirements

• Ability to stand, bend, stoop, sit, walk, twist, and turn.
• Ability to lift up to 25 pounds.
• Ability to use a computer keyboard and calculator.
• Work environment is indoors; majority of the time is spent sitting at a desk.

The ideal candidate has a combination of education and experience equivalent to a bachelor's degree in business administration, finance, accounting or closely related field, plus a minimum of six years' experience in construction, business or mortgage lending required.

Compensation: Base starting range: $104,249 to $137,345 annually commensurate with experience.

Our base salary starting range is based on scope and responsibilities of the position, candidate's work experience, education/training, key skills, and internal peer equity. We offer a competitive total rewards package including a wide range of medical, dental, vision, financial, and other benefits.

Redwood Credit Union offers a robust benefits package to our eligible employees including:

• Competitive medical, dental, and vision insurance, mental health offerings
• Employee performance incentive plan
• Salary Advancement- Merit increase based on performance
• 401(k) program with employer match
• Time Off- Competitive PTO accrual plus 11 paid company holidays and your birthday off!

RCU Discounts and Perks:

• RCU employees are eligible for a .75% discount off RCU standard collateral auto loans
• RCU employees are eligible for a 1% discount on all recreational or boat loan products
• 2% discount off Visas and LOC Loans through RCU
• 0% interest loan to support employees with various immigration related expenses such as visa application fees and relocation costs. Loan amount up to $1,000.
• 0% interest loan to support employees with expenses associated with the naturalization process. Loan amount up to $15,000.
• 0% interest on garment, fitness, or home office equipment loan of up to $500
• 100% financing for employee purchased homes!

Internal Team Members

If you are a current Team Member, please apply through the internal careers page located in RCUNET.

We are an Equal Opportunity Employer