Construction Loan Administrator (onsite)

PRIMARY RESPONSIBILITIES

• Cookbook: Coordinate and administer construction loans, including ordering inspections, updating progress spreadsheets, processing advances, and maintaining accurate loan documentation.
• Cookbook: Order appraisals and inspections reports upon request for commercial builders’ lines and residential loans.
• Cookbook: Process invoices for payment upon receipt and forward reports to appropriate loan officer.
• Contact residential construction loan applicants prior to closing to explain the process, review budgets/disbursement schedules and ensure adequate funding for project completion.
• Problem solve as necessary.
• Set up working files and spreadsheets post-closing to monitor the progress of each construction loan and subdivision.
• Schedule inspections for homeowner and builder line customers upon request and prepare a weekly list of all inspections to be conducted by the Inspector.
• Discuss inspections with each borrower upon receipt of results and process all construction loan advance requests.
• Review files on a regular basis to ensure that builder licenses, homeowner and builders risk insurance policies are up to date.
• Contact construction loan customers which have had no activity for 3 months to discuss project status and obtain updated information.
• Absorb: Assist with monitoring and processing credit bureau corrections and disputes.
• Upon completion of construction and receipt of Certificate of Occupancy, order the Certificate of Completion from the original appraiser. Review results.
• Monitor and process Principal and Interest starts for construction loans and make recommendations for any extensions to management.
• Prepare mortgage modification documents and arrange with the customer/branch to execute documents.
• Absorb: Assist with preparing documentation for other type of modifications as needed.
• Absorb: Assist customers with Homeowners Insurance checks received for property damage.
• Review customer account information in Jack Henry to determine if insurance proceeds can be released or need to be held in an account for repairs.
• Respond to customer inquiries via the group phone extension, providing prompt and courteous service.
• Complete monthly Key Performance Indicator (KPI) reports as assigned.

QUALIFICATIONS

• High School diploma or equivalent with a minimum of two to four years’ experience in lending.
• Proficiency in Microsoft Office Excel and Word.