What are the responsibilities and job description for the Loan Servicing Specialist (Construction & Commercial Operations) position at Experis?
- Location: Brea, CA (Hybrid 3-4x/week)
- Pay Range: $30.00 – $40.00 / hour (W2)
- Duration: Contract-to-Hire (FTE Conversion Path)
Join a premier banking institution as a Loan Servicing Specialist focused on the high-complexity world of Commercial and Construction Lending. This is a Contract-to-Hire role designed for a professional who excels at the intersection of financial operations and project oversight. You will manage the end-to-end post-origination lifecycle, ensuring every dollar disbursed is backed by accurate documentation and verified project milestones.
Key Construction Servicing Responsibilities
- End-to-End Draw Management: Act as the primary lead for the construction draw process. Review borrower requests against approved budgets and project timelines to ensure funding accuracy.
- Inspection Coordination: Liaise with third-party engineers and inspectors to verify physical project milestones (foundation, framing, etc.) prior to any fund release.
- Budget Tracking & Reconciliation: Maintain and reconcile detailed construction budget spreadsheets. Monitor for line-item variances, retainage requirements, and potential cost overruns.
- Documentation & Compliance: Review AIA G702/G703 documents, lien waivers, and Title "Bring-Down" reports to ensure all legal and contractual conditions for disbursement are met.
- Specialized Payment Processing: Execute loan payments, payoffs, and interest-only adjustments unique to the construction-phase of financing.
- Inquiry Resolution: Resolve complex inquiries from borrowers and internal lending teams regarding escrow, loan status, and servicing nuances.
- Account Integrity: Identify and resolve discrepancies and servicing errors within the core banking system.
- Audit & System Optimization: Generate reports for internal audits and assist with critical system upgrades (e.g., FIS Horizon) to streamline workflows.
- Core Experience: 2 years of direct experience in Construction Loan Servicing or Construction Loan Administration.
- Technical Skills: Advanced proficiency in Microsoft Excel (Pivot Tables, VLOOKUPs) for rigorous budget tracking.
- System Knowledge: Familiarity with loan servicing systems (e.g., FIS Horizon, Jack Henry, or similar) and construction-specific draw software.
- Analytical Mindset: Strong ability to interpret complex commercial loan documents and identify risks in disbursement requests.
- Education: High School Diploma or GED required (Bachelor’s in Finance or Accounting preferred).
- Medical and Prescription Drug Plans
- Dental Plan
- Vision Plan
- Health Savings Account
- Health Flexible Spending Account
- Dependent Care Flexible Spending Account
- Supplemental Life Insurance
- Short Term and Long Term Disability Insurance
- Business Travel Insurance
- 401(k), Plus Match
- Weekly Pay
About ManpowerGroup, Parent Company of: Manpower, Experis, Talent Solutions, and Jefferson Wells.
ManpowerGroup® (NYSE: MAN), the leading global workforce solutions company, helps organizations transform in a fast-changing world of work by sourcing, assessing, developing, and managing the talent that enables them to win. We develop innovative solutions for hundreds of thousands of organizations every year, providing them with skilled talent while finding meaningful, sustainable employment for millions of people across a wide range of industries and skills. Our expert family of brands – Manpower, Experis, Talent Solutions, and Jefferson Wells – creates substantial value for candidates and clients across more than 75 countries and territories and has done so for over 70 years. We are recognized consistently for our diversity - as a best place to work for Women, Inclusion, Equality and Disability and in 2023 ManpowerGroup was named one of the World's Most Ethical Companies for the 14th year - all confirming our position as the brand of choice for in-demand talent.
Salary : $30 - $40