Construction Loan Specialist -Real Estate Finance

About the role

Hybrid Position* Responsible for the daily activity for all construction loans including voucher approval preparation, sales pace update and tracking and release and payoff processing. Assists in initial Loan Momentum loan set up meetings and ongoing covenant compliance tracking.

Responsibilities

• Provide consistent quality customer service to both internal and external customers that meets or exceeds Firstrust Bank standards
• Review submitted loan draw requests to assure proper packaging and documentation in keeping with Firstrust Bank guidelines and terms and conditions of the loan agreement.
• Make approval recommendations regarding the funding of submitted loan draw requests.
• Prepare and process documents and reports pertaining to the Construction Loan Accounting System including new loan set-ups, voucher disbursement batches, percentage of completion records, miscellaneous system record changes, principal reductions and interest payments.
• Monitor disbursement records, sales pace requirements, loan maturities, lot releases, loan budgets, Letter of Credit and Tri-Party Escrow requirements and budget earn-outs.
• Maintain accurate servicing and disbursement file records.
• Act as Liaison between clients, VP/Sr. Portfolio Manager/Real Estate Investment Specialist and CLA Manager and Relationship Managers as appropriate to gather required information and resolve questions and issues.
• Assist the REF Portfolio Manager to effectively monitor portfolio risk in terms of collateral, construction, contingent liabilities, delinquencies, and maturities.
• Act in an advisory specialist capacity with Relationship Manager, Loan Administrators and customers regarding technical issues with all aspects of the Commercial Relationship.
• Determine appropriate course of action and implement for problem resolution.
• Employ extensive knowledge and experience of complex relationships for use in monitoring of the Commercial portfolio.
• Ensure constant compliance to legal, regulatory and credit policies in terms of loan documentation, credit approval and funding.
• Require correction of inconsistencies and monitor resolution.
• Review complex legal documentation