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Managing a Residential Construction-to-Permanent Loan - Start to Finish

Thursday, August 17, 2017

9:00 am – 10:30 am HST
12:00 pm – 1:30 pm PT
1:00 pm – 2:30 pm MT
2:00 pm – 3:30 pm CT
3:00 pm – 4:30 pm ET

Construction lending has many facets and requirements that must be considered, from safety and soundness guidelines to compliance considerations. This can make residential construction loans difficult and risky. Many issues can occur during construction, leaving lenders highly exposed, so understanding the risks is essential. This session will cover underwriting issues, compliance requirements, and special documentation needed for residential construction-to-permanent lending – from start to finish! Checklists and sample policy language will be provided.

Continuing Education: Attendance verification for CE credits upon request

HIGHLIGHTS

  • Underwriting considerations (maturities, advances, LTV issues, appraisal guidelines, etc.)
  • Construction contract/agreement with the borrower
  • Compliance considerations for various scenarios, including single close/multiple close and single disclosures/multiple disclosures
  • How to handle and document requests for advances, draws, and disbursements
  • Regulatory compliance (flood, TRID, etc.)

  • TAKE-AWAY TOOLKIT
    • Sample policy language will be incorporated into the manual
    • Construction loan checklists
    • Sample loan estimate and closing disclosure completed for various scenarios
    • Employee training log
    • Quiz you can administer to measure staff learning and a separate answer key

WHO SHOULD ATTEND?

This informative session is designed for senior loan officers, loan officers, loan processors, compliance officers, and auditors.

PLEASE NOTE: Program content is subject to copyright and intended for your individual financial institution’s use only.

MEET THE PRESENTER