Construction Loan Specialist II (Hybrid

First Federal Bank of Kansas City is one of the largest mutually owned banks in the Midwest and has been a strong banking and lending partner to families in Kansas and Missouri for decades
. We are a community-oriented, culture-focused, progress-driven organization on a mission to help people, businesses, and communities build a better financial future.

At First Federal, you’ll be supported by diverse, talented, energetic individuals moving toward a common vision of prosperity and a home for all. You’ll have boundless opportunities for growth – whether it’s personal or professional development to reach your career goals, company events to strengthen your connections, or volunteer work to champion our community partners.

Your success is our success. When our employees feel valued, our customers feel valued, and our community grows.

Hear what our team members have to say

Assists in all areas of Construction Lending including but not limited to processing, closing, loan setups and budgets, draws, draw approvals, payoff quotes and payoffs, releasing, finals and conversions, daily/monthly reporting and balancing. The incumbent will be responsible for contributing to the daily production of the department in a proactive manner.

• Responsible for promotion and delivery of quality internal and external customer service.
• Maintains positive communication when answering inquires on loans in process from branch personnel, buyers, sellers, realtors, title companies and builders.
• Complies with all applicable banking laws, bank policies and federal regulations.
• Manages/processes draws - facilitate the draw inbox, verify draw sheet to invoices, correct addresses, amounts and companies. Performs draws in accordance with builder requirements, i.e. issue checks directly, direct deposit or wire funds to fund draws. Request for missing items or clarification on incomplete draws, draw overages or errors. Complete all draws in required timeframe.
• Requests and maintains all W9's for companies that are paid out funds, for correct end of year IRS reporting.
• Completes draw approvals per approved Board Resolution tier based on job title.
• Facilitates loan setups in our host system and our construction management system for all Spec/Build, Construction perm and Barndominium loans.
• Construction budgets - inputs and balances budget in our construction management system for all Spec/Build, Construction Perm and Bardominium loans.
• Payoff Requests/Payoffs/Releasing - Prepares and provides payoff quotes when requested. Performs payoffs in our systems when funds are received. Prepares and records releases on all required paid off loans per requirements.
• Reports - pulls monthly construction reports for Management or as needed.
• Must be proficient if not mastered one of the following processes:
  Spec/Buid process from start to finish, Processing and Closing for all C/P and Barndominium loans, Finals and Conversion process for all C/P loans.
• Spec/Build Process will include but not limited to starting the loans in Encompass, ordering title and appraisals, organizing closing documents in conjunction with title company, preparing closing documents, funding the closing, maintaining the e-folder construction documents per requirements, setting up physical files for storage. All of these functions will be completed per auditing and policy requirements.
• Processing/Closing Construction perm and Barndominium Loans will include but not limited to sending disclosures, clearing conditions, ordering appraisals, ordering title work, requesting more information from borrowers, ordering payoffs, updating insurance mortgagee clauses, handling credit issues, ensuring all underwriting conditions are cleared before sending to closing.
• Finals/Conversion process will include but not limited to ordering final inspections, preparing final affidavits, holding funds back in escrow/held for completion, working with borrowers and builders to help close out the draw process, balance loan at end for final funding. Conversions completed by required time frame, preparing conversion documents, setting up escrow accounts, OSI maintenance,…