Menu Toggle Search

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

May 16 2:00 PM - May 16, 2022 3:30 PM
May 16, 2022 2:00 PM - 3:30 PM
Add event to: ICal Outlook Google Calendar

Are you detail driven? That tendency is very beneficial when dealing with construction loans. This detailed nuts-and-bolts program will traverse the construction loan process, employ sample scenarios, reveal best practices, and expose compliance potholes.

Learning Objectives

  • Identify compliance areas unique to construction loans
  • Define and implement controls to mitigate your construction loan risks
  • Understand closing methods for single- and separate-close transactions
  • Manage the administration of construction loans
  • Prepare consumer disclosures in accordance with regulatory requirements
  • Detail the procedures for testing and auditing construction loan files

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.



Dawn Kincaid, Brode Consulting Services, Inc.

Dawn Kincaid began her banking career while attending The Ohio State University. She has over 20 years’ experience in client service, operations, information technology, administrative and board relations, marketing, and compliance. Most recently Dawn served as the Senior Vice President of Operations for a central-Ohio-based community bank, where she created and refined policies and procedures, conducted self-audits and risk assessments, and organized implementation of new products and services. Dawn has served in the roles of Compliance, BSA/AML, CRA, Privacy, and Security Officer. She has led training initiatives, prepared due diligence information, completed a variety of regulatory applications, coordinated internal and external audits and exams, and presented for numerous state associations.




Please note: You may share the link with others at your credit union, however the confirmation will be sent to one primary contact at your credit union. It will be up to the primary contact to share the material with others.

Additional Info

Event Type

On-Demand Webinar

Topics Covered

  • On-Demand Webinars
  • Lending & Collections