Mortgage Loan Construction Administrator (MORTG012958)

ESSENTIAL DUTIES AND RESPONSIBILITIES

• Monitor and provide approval of Construction Perm loans before and at closing.
• Process pre-closing on construction loans by reviewing documents such as construction contracts, plans, specs, site plans, title work, Construction and Repair forms, etc.
• Review and file recorded documents for accuracy after closing.
• Create a full work up of inspections of property throughout the construction phase.
• Approve documents such as Builders Risk, Builder Liability, Flood Insurance, Notice to Owners, Lien Waivers, Notice of Commencements, Foundation Surveys, etc.
• Process final draws and facilitate modifications.
• Utilize reports and data to monitor workload and loan status.
• Oversee the extension of Notice of Commencements.
• Process extensions of the interest-only term of Construction Perm loans.
• Provide support to the Home Builder Approval Program.
• Collaborate with Borrowers and Builders about inquiries.
• Maintain confidentiality.
• Monitor past due Construction Perm loans.
• Perform any other related duties as required or assigned.

QUALIFICATIONS

• Broad knowledge of such fields as accounting, marketing, business administration, finance, etc.
• Equivalent to a four-year college degree, plus 5 years related experience and/or training, and 2 years related management experience, or equivalent combination of education and experience.
• Ability to effectively communicate information and respond to questions in person-to-person and small group situations with customers, clients, general public and other employees of the organization.
• Ability to calculate figures and amounts such as discounts, interest, commissions, proportions, percentages, area, circumference, and volume. Ability to apply concepts such as fractions, ratios, and proportions to practical situations.
• Ability to solve practical problems and deal with a variety of known variables in situations where only limited standardization exists. Ability to interpret a variety of instructions furnished in written, oral, or diagram formats.
• Mastery: 10-Key, Alphanumeric Data Entry
• Advanced: Word Processing/Typing
• Intermediate: Accounting, Contact Management, Database, Spreadsheet