Construction Loans: Building a Solid Program

Building a solid residential construction program is critical in managing the risk associated with new home builds. Join us as we discuss the numerous components of the process!

Recorded Thursday,
May 9th, 2024
Presented by Molly Stull
1h 30m total length
2 CRCM Credits
$299.00 or 1 Token

Includes: 30 Days OnDemand Playback, Presenter Materials and Handouts

  • Auditing
  • Compliance
  • Lending
  • Lending Compliance
  • Compliance Officer
  • Internal Auditor
  • Loan Closer
  • Loan Operations Manager/Specialist
  • Mortgage Lender

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Residential construction lending has so many facets and so many requirements that need to be considered, from safety and soundness guidelines to compliance requirements. With any project we must be ready for unexpected challenges. This webinar will cover the requirements so that you will be ready to nail the details for any residential construction loan request!

Underwriting issues, compliance requirements, and the special documentation needed for residential construction lending to mitigate the higher risk associated with construction loans are just a few of the topics to be discussed. Join us as we explain the construction loan process from start to finish, including best practices for managing draw requests to ensure that your program is solid! In addition, sample policy language, checklists, and other tools will be offered and discussed.

What You'll Learn

  • Underwriting considerations
  • Construction loan agreement with the borrower
  • Explanation of residential construction loan documentation
  • Using Appendix D to estimate interest on the LE & CD
  • TRID requirements for various scenarios
  • Appraisal considerations
  • Flood insurance requirements for construction loans
  • Best practices for managing the disbursement process
  • Tips on preparing the borrower for escrow shock

Toolkit Includes:

  • Inspection Request & Report
  • Construction Draw Schedule
  • Construction Loan Checklist
  • Sample Loan Estimate and Closing Disclosure completed for various scenarios
  • Flood Calculation Worksheet
  • Builder Application Procedures

Who Should Attend

This webinar will be of value to anyone involved in the administration of residential construction loans including Lenders, Loan Processors, Loan Review specialists, Compliance Officers, and Auditors.

Molly Stull

Instructor Bio

Molly began her banking career on the teller line while working on her undergraduate degree and has continued working in the financial industry ever since. Some of her experience includes roles in operations, business resumption planning, consumer compliance, and conducting audits. Her favorite role is ensuring that her audience, whether on the sports field or in the financial industry, understands the "why" behind the rule. Her wealth of financial knowledge and her numerous years of experience enable her to relate the material to the audience.

Continuing Education Credit Information

Construction Loans: Building a Solid Program has been approved for 2 CRCM credits. This statement is not an endorsement of this program or its sponsor. Credits are redeemable for both Live and OnDemand viewing. For questions on certificates, please email support@oncourselearning.com. Certification holders must report these credits at https://aba.csod.com.