Construction Loan Draw Administrator

Responsibilities

• Oversee the construction loan draw process, ensuring efficient and accurate management
• Conduct reference checks and evaluate construction applications for new builders to ensure they meet the bank's rigorous standards
• Act as a liaison between the bank and builders, gathering information, making contacts on references provided, and documenting interactions with builders and their vendors
• Manage and track construction inspections, coordinating with back office personnel to verify work progress and compliance before releasing funds
• Communicate with multiple departments, including MLOs, underwriting, mortgage operations management, and the closing department, to ensure seamless loan processing and transitioning from temporary to permanent financing
• Facilitate communication and understanding of issues between builders and borrowers, acting as a key figure in resolving disputes and ensuring mutual satisfaction

Qualifications

• Bachelor's degree in Finance, Business Administration, or a related field is preferred, but relevant experience is highly valued
• At least 3-5 years of experience in a role focused on construction lending, builder relations, and loan administration

Skills

• Strong capabilities in relationship management and effective communication
• Experience in conflict resolution and facilitating discussions between different parties
• Strong math skills
• Working knowledge of Microsoft Excel and MS Office
• Basic keyboarding and calculator skills; must be able to do complex math and carry out written instructions