Construction Loans: Nailing the Details

A residential construction lending webinar designed to cover the details for any construction loan request.

Recorded Wednesday,
February 8th, 2023
Presented by Molly Stull
1h 30m total length
$279.00 or 1 Token

Includes: 30 Days OnDemand Playback, Presenter Materials and Handouts

  • Auditing
  • Compliance
  • Lending
  • Lending Compliance
  • Mortgage Lending
  • 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 & soundness guidelines to compliance requirements and with any project we must be ready for unexpected challenges. This webinar will explain the requirements so that you will be ready to nail the details for any residential construction loan request!

This session will cover underwriting issues, compliance requirements, and the special documentation needed for residential construction lending from start to finish, including best practices for managing draw requests! In addition, sample policy language, checklists, and other tools will be offered and discussed.

What You'll Learn

  • Underwriting considerations (maturities, advances, LTV issues, appraisal guidelines, etc.)
  • Construction contract/agreement with the borrower
  • Explanation of construction loan documentation
  • How to use Appendix D to estimate your disclosures
  • TRID requirements for various scenarios – single close/multiple close; single disclosures/multiple disclosures
  • Appraisal considerations including best practices for inspections
  • Flood FAQs relating to construction loans
  • How to control the disbursement of funds
  • Preparing the borrower for the escrow shock
  • Toolkit Includes:
    • Inspection Report
    • Construction Draw Schedule
    • Construction Loan Checklist
    • Sample Loan Estimate and Closing Disclosure completed for various scenarios
    • Flood Calculation Worksheet

Who Should Attend

This webinar will be of value to anyone involved in the administration of residential construction loans including Lenders, Loan Processors, 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.