BankNewswatch

Construction Loans: Building a Solid Program

Thursday, May 9th, 2024 1:30 pm - 3:00 pm CT

A BankWebinars.com Program

Click Here to register for program $299.00

Click Here to register for program and receive recording $449.00

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!

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

Instructors

Molly Stull 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.