Collateral Administration Specialist

Position Responsibilities

• Coordinates the administrative functions related to residential and commercial construction loan draws including:
• Preparing funding documents
• Obtaining required approvals
• Ordering title endorsements
• Submitting advances to loan servicing
• Initiating wires
• Confirming funding completion
• Maintain daily Construction Draw Log reports which are utilized in Management Reporting
• Ensures completed draws include all necessary documentation and are saved to proper file locations for auditing purposes
• Processes payments to third party vendors
• Completes project folder setup including gathering necessary documents from various locations and contacting title agencies

Position Requirements

• Previous banking and construction real estate loan administration or lending experience is strongly preferred
• Applicants must possess strong oral and written communication skills, be proficient in Microsoft Word and Excel, and have the ability to work in a team environment to be successful
• Time management and critical thinking skills are also crucial