Construction Loan Administrator

Responsibilities

• Setup of construction loans for both commercial projects and residential development.
• Collecting, reviewing, and analyzing loan documentation such as construction loan agreements, title insurance for advance limitations, and other documents like flood determinations and building permits.
• Verifying loan system availability and analyzing availability with Commercial Mortgage Administration Specialist tracking systems.
• Preparing daily account and General Ledger transactions which may include interest reserves, payments, and tickets for processing.
• Monitoring loan budgets, change orders, housing starts, project costs, etc.
• Issuing payoff quotes and release consideration letters for monitored loans and lines.
• Maintaining a master sheet of payoff instructions for all loans monitored.
• Tracking exception approvals related to construction and development loan advances and releases.
• Scanning advance and payoff and release related documents and filing electronically for future reference.
• Confer with the Special Assets department on certain loans which may require special handling.
• Researching, analyzing, and resolving inquiries made by Relationship Managers, loan assistants, and borrowers.
• Handling routine office duties such as typing, filing, including electronic filing, scanning, faxing, and answering telephones.
• Recommend improvements to the department’s construction loan monitoring process to supervisor.
• Identifying and reporting deviations from loan policy or loan approval to supervisor.

Qualifications

• Associate Degree or equivalent experience in Business Administration or a related field.
• 3+ years experience in Construction Loan Administration with commercial development and construction loans.
• Strong working knowledge of construction administration platforms.
• Built Technologies experience preferred.
• 5+ years Commercial real estate lending for development and construction loans.
• Paralegal Certification preferred.

Other Duties as Assigned

• May perform other job duties as assigned by the manager.

Pay

Hourly rate for this position is $24.81 - $41.35.

Benefits

Additional benefits include medical plans with prescription drug coverage, flexible spending account or health savings account, dental and vision insurance, life insurance, 401(k) program with employer match, Employee Stock Purchase Plan, paid time off programs, disability insurance coverage, maternity and parental leave, adoption assistance, educational assistance, and a robust wellness program with financial incentives.