What are the responsibilities and job description for the Construction Loan Administrator position at United Bank?
Loan administration of residential construction, commercial construction and land development loans. Ability to set up draw schedules and budget tracking using Excel workbooks based on Loan Presentation requirements. Understanding of AIA construction documents and the ability to identify and elevate out of balance budgets.
RESPONSIBILITIES:
- Administer commercial real estate construction loan portfolio. Process loan advances and reductions, track insurance, quote payoff figures and apply interest payments.
- Construction monitoring of both residential and commercial loans. Set up Excel workbooks with loan specific draw schedules.
- Orders construction inspections and title bringdowns.
- Reviews inspection reports and draw documents for accuracy and conformance with the budget and Loan Agreement and LLR.
- Updates ledgers, budgets and the funding log.
- Processes partial releases within 30 days of receipt of payment. Works with Title Company to obtain Partial Satisfaction Certificates.
- Ability to Adhere to set deadlines such as 10-day turnaround time on all draw requests
- Identify potential budget issues and make recommendations on resolution
- Prepares quarterly Project Status Reports
- Manage Loan Participation record keeping for both sold and bought loans.
- Provide excellent customer service to both internal and external customers.
Qualifications
- High school diploma or equivalent required
- Bachelor’s degree in Business or related field preferred
- Minimum of three (3) year of experience as a Commercial Loan Administrator desired
- Familiar with FIS (or similar) loan system preferred.
- Excellent communication and organization skills.
- Strong attention to detail and accuracy.
- Proficiency in Microsoft Office Products
- Exercise good judgement and excellent decision making skills.
KEY COMPETENCIES:
- Deadline driven
- Detail oriented
- Organizational skills
- Professionalism
Essential Functions:
- Sitting for extended periods of time.
- Sufficient dexterity of hands and fingers to efficiently operate a computer keyboard, mouse and other computer components.
- Ability to converse and exchange information with all levels of staff within organization.
- Ability to observe, perceive, identify, and translate data
Company Profile
Please click here to access a list of benefits for which this position is eligible. Additional information regarding United's Mission, Values and Culture can be found here.
At United, our strength is our people, and we are committed to nurturing a culture that is reflective of the communities we serve; promotes respect and a shared purpose; and aligns with our core values.
Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, age, sex, national origin, disability, status as a protected veteran, or any other characteristic protected by law.
