Construction Lending Series: Construction Loans: Framing a Strong Compliance Program
Build compliance into every construction loan from the ground up. Construction lending compliance demands precision, and this webinar will equip you to review loan files, verify critical documentation, identify regulatory requirements, and prevent costly compliance errors before they become findings.
KEY WEBINAR TAKEAWAYS
- Risks unique to construction lending
- Completing the applicable disclosures accurately
- Administration of draw requests
- How to test and audit your construction lending process
BONUS MATERIALS
- Sample inspection request form
- Sample construction loan file checklist
- Sample commercial real estate file checklist
WEBINAR DETAILS
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, what exactly should you be looking for? What documents need to be in these files and what are the important things to verify on each? In this jam-packed session we will walk through the construction loan process with sample loan scenarios. We will discuss how to avoid mistakes, dive into the guidance, and review common errors made when preparing construction loan documentation.
