Mortgage Loan Construction Administrator
Location
Alabama + 2 moreAll locations: Alabama | Florida | Texas
Posted
1 day ago
Salary
0
Seniority
Senior
Job Description
Mortgage Loan Construction Administrator
Centennial Bank
• Establishes and maintains construction loan accounts and administers construction loan draws. • Performs the builder approval process and builder setup. • Supports clients and builders with the construction loan and the modification process through the closing of the secondary market loan. • Monitors and provides approval of Construction Perm loans before and at closing. • Processes pre-closing on construction loans by reviewing documents such as construction contracts, plans, specs, site plans, title work, Construction and Repair forms, etc. • Reviews and files recorded documents for accuracy after closing. • Creates a full workup of inspections of property throughout the construction phase. • Approves documents such as Builders Risk, Builder Liability, Flood Insurance, Notice to Owners, Lien Waivers, Notice of Commencements, Foundation Surveys, etc. • Processes final draws and facilitates modifications. • Utilizes reports and data to monitor workload and loan status. • Oversees the extension of Notice of Commencements. • Processes extensions of the interest-only term of Construction Perm loans. • Provides support to the Home Builder Approval Program. • Collaborates with Borrowers and Builders about inquiries. • Monitors past due Construction Perm loans. • Maintains confidentiality. • Completes required BSA/AML training and other compliance training as assigned. • Performs any other related duties as required or assigned.
Job Requirements
- 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 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.
- Notary certification preferred
Benefits
- Not indicated
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