What are the responsibilities and job description for the Construction Loan Draw Administrator position at CMYK-WHT midnight background?
As a Construction Loan Draw Administrator, you will play a crucial role in managing the construction loan process at our process at our bank. The position does not involve evaluating loan applications but focus on managing the construction desk, including overseeing relationships with builders, providing guidance through the complexities of the construction process, and ensuring adherence to the bank's lending practices.
- 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
- Communicates 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:
- Bachelors 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
- Work occasional requires more than 40 hour of work per week
- Lifting in an office setting may be require up to 30 lbs.