Mortgage Construction Funding Manager

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GENERAL FUNCTION:
Manage the Mortgage construction funding team. Primary responsibilities include managing the risks of construction loans by reviewing project budgets, documentation, and verification of funds for disbursement. Responsible for ensuring compliance with Bancorp policies and procedures. The focus of the construction administration process is to assess compliance with loan documentation and to insure loans are within budget to complete the project.

Responsible and accountable for risk by openly exchanging ideas and opinions, elevating concerns, and personally following policies and procedures as defined. Accountable for always doing the right thing for customers and colleagues, and ensures that actions and behaviors drive a positive customer experience. While operating within the Bank’s risk appetite, achieves results by consistently identifying, assessing, managing, monitoring, and reporting risks of all types.

• Manage overall procedures for mortgage construction loan disbursements.
• Possess a working knowledge of the mortgage construction loan policies of Fifth Third Bancorp and escalat
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  * * all issues to appropriate parties.
• Supervise the disbursement of all mortgage construction draw requests.
• Provide training to mortgage construction funding team, new relationship managers, portfolio managers and other departments.
• Ensure the Loan Draw Procedures manual is adhered to by all staff members.
• Communicate with relationship managers, portfolio managers, credit officers and other applicable internal areas the progress of construction project issues that may need to be addressed, such as budget shortfalls, mechanic’s liens, and equity issues.
• Communicate effectively with borrowers, construction management companies, title companies, and inspectors.
• Oversee the review of loan documentation applicable to the draw process; credit memos, notes, mortgages, construction loan agreements, and budget analysis.
• Oversee the daily performance of the mortgage construction funding team including: the ordering of title exams and verification of lien position.
• Coordination of project inspections with external inspectors.
• Monitoring of each line item in the project budget utilizing spreadsheets by verifying contract amount, change orders, equity, stored materials, authorized signatures, retainage, contingency and site work.
• Verification of soft cost invoices.
• Review and approve all mortgage loan operations forms for disbursements.
• Ensure service level agreements are met by prioritizing all duties as needed.
• Monitor appropriate quantity of work for existing staff levels.
• Ensure consistent quality of work produced.
• Maintain accurate reporting of mortgage construction funding team activities and volumes.
• Participate in and/or lead projects and teams within or on behalf of the Construction Loan or Loan Fulfillment team.
• Recommend changes to the process that minimize risk and improve customer service.
• Initiate review of Construction Policy and Procedures for appropriateness and understanding.

• Responsible for providing employees timely, candid, and constructive performance feedback.
• Developing employees to their fullest potential and provide challenging opportunities that enhance employee career growth.
• Developing the appropriate talent pool to ensure adequate bench strength and succession planning; recognizing and rewarding employees for accomplishments.

• Undergraduate degree or equivalent related work experience.
• 5 + years experience…