Construction Loan Admin - Residential Mortgage

Responsibilities

• Reviews construction loan documents; analyzes and administers construction disbursements.
• Works in partnership with loan officers and the loan operations team as the primary contact between borrowers, builders, attorneys, appraisers, and title company representatives from the loan's inception until project completion.
• Participates in the pre-closing processes with loan officers and the construction loan officer to ensure all documentation requirements are identified before approval and closing.
• Performs construction draw analysis and reconciliation to provide the Construction Loan Officer with an accurate disbursement request for processing.
• Takes action on items affecting the disbursement process, including locating inspectors, builder change orders, sufficiency of funds, liens, and restricted starts.
• Instructs borrowers and builders on the disbursement process.
• Monitors construction loan documentation in files, including expiration date analysis for construction loan maturities, Florida notice of commencements, builders' risk insurance, flood insurance, contractor liability insurance, contractor's license, and building permits.
• Assists the Construction Loan Officer with executing loan modifications, including special projects related to streamlining construction loan workflow, procedures, and systems.
• Administers the construction portfolio in accordance with credit policy requirements for risk management.
• Provides quality service to all team members and external clients.
• Follows all Bank policies and procedures, compliance regulations, and completes required training.

Requirements

• High School Diploma or GED and a minimum of 3 years' experience in construction lending and all aspects of loans and lending.
• Must be registered with the federal Nationwide Mortgage Licensing System - Registry (NMLSR) as required by the S.A.F.E. Act.
• Associates Degree preferred.
• Experience working with builders preferred.
• Related licenses or certifications preferred.

Skills

• Proficiency with personal computers and related software packages such as MS Office (Excel, Word, Outlook) and Encompass.
• Knowledge of construction lending and American Institute of Architects (AIA) forms G702 - G703.
• Advanced analytical and problem-solving skills, including loan administration experience with knowledge of construction lending.
• Ability to deal with complex problems involving multiple facets and variables in non-standardized situations.