Event Calendar

Tuesday, May 17, 2022

Webinar - Construction Loan Nuts & Bolts: Documentation, Sample Scenarios & Avoiding Errors

Start Date: 5/17/2022 9:00 AM MDT
End Date: 5/17/2022 10:30 AM MDT

Location:
United States 

Over the last several years the thickness of an average loan file has grown from being measured in millimeters to inches.  This is especially true for residential construction loans.  Compliance staff are often responsible for reviewing these loan files either during the underwriting and approval process or in the days after the loan is closed.  But with so many regulations governing loan compliance, where exactly should the focus be?  What documents need to be in these files and what are the important things to verify on each?

This webinar will start with a discussion of the unique risks and features associated with construction lending and address the requirements for both the single- and separate-close construction loans and permanent-phase closings.  It will walk through the construction loan process with sample loan scenarios and review best practices for managing draw requests. This program will cover how to avoid mistakes, dive into the guidance, and review common errors when preparing construction loan documentation.


 

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