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Residential Construction Lending

This program provides an overview of the key steps involved in effectively administering residential construction loans.

Upcoming
Monday, March 10th, 2025
1:30 pm - 3:30 pm
Presented by Richard Hamm
$299.00 or 1 Token

Includes: Live Access, 30 Days OnDemand Playback, Presenter Materials and Handouts

  • Commercial/Business Lending
  • Lending
  • Mortgage Lending
  • Branch Manager
  • Commercial Lender
  • Consumer Lender/Retail Banker
  • Credit Analyst
  • Loan Closer
  • Loan Operations Manager/Specialist
  • Marketing Officer/Business Development
  • Mortgage Lender
  • Private Banker
  • Senior Management
  • Training Manager
  • Trainer
  • Workout Specialist/Collector

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Residential construction lending is expected to expand given the shortage of existing homes for sale and growth in the typical age group for first-time home buyers. In many markets, there is extensive remodeling that is maintaining a large share of projects. This program provides an overview of the major issues involved in administering and monitoring consumer or residential construction loans, primarily to individuals having a home built or remodeled.

What You'll Learn

  • Construction risk and how is it mitigated
  • What is the type of project (full construction vs. repair/remodel)?
  • Due diligence needed, beyond a conventional mortgage application and underwriting
  • Construction contract and cost estimate issues (Description of Materials form)
  • Contractor credentials and qualifications
  • Plans and drawings
  • Survey
  • Title insurance
  • Appraisal issues
  • Typical loan structuring, interest rate and fees
  • Construction loan agreements
  • Issues with draws and inspections, including cost over-runs and lien priority
  • How is the construction loan going to end (get repaid)?

Who Should Attend

This session is ideal for consumer lenders, mortgage bankers, private bankers, small business lenders, commercial lenders, credit analysts, loan review specialists, special assets officers, lending managers, credit officers involved in the consumer lending process, and support personnel involved in the administration of residential construction loans.

Richard Hamm

Instructor Bio

Richard Hamm has been training bankers for 28 years, designing and delivering courses specializing in commercial lending and credit, including portfolio and risk management, commercial real estate (CRE) and appraisals, plus selling and negotiating skills, and director training. He also conducts eight senior lender forums on a periodic basis in multiple states and one series at the national level.

He is based in Huntsville, AL and has owned/operated Advantage Consulting & Training for 14 years, after a 22-year banking career including senior positions in lending and credit, plus president of a community bank through formation and acquisition of an existing bank. He has BS and MBA degrees from the University of Alabama.

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