Collateral Administration Specialist

This position is responsible for construction loan administrative functions including preparing funding documents, ordering title endorsements, obtaining required approvals, submitting advances and initiating wires and deposits for funding. Additional responsibilities include processing payments to vendors, auditing completed loan advances, onboarding new loans, and maintaining reporting for an assigned portfolio of loans. Assistance with ad hoc projects may also be required.

• Coordinate the administrative functions related to residential and commercial construction loan draws including:
  • Preparing funding documents
  • Obtaining required approvals
  • Ordering title endorsements
  • Submitting advances to loan servicing
  • Originating wires
  • Confirming funding completion
• Maintain daily Construction Draw Log reports which are utilized in Management Reporting
• Ensures completed draws include all necessary documentation and are saved to proper file locations for auditing purposes
• Processes payments to third party vendors
• Completes project folder setup including gathering necessary documents from various locations and contacting title agencies
• Periodically complete special assignments as needed

• Previous banking and construction real estate loan administration or lending experience is strongly preferred.
• Applicants must possess strong oral and written communication skills, be proficient in Microsoft Word and Excel, and have the ability to work in a team environment to be successful.
• Time management and critical thinking skills are also crucial.

• Dedicated
  - Devoted to a task or purpose with loyalty or integrity
• Enthusiastic
  - Shows intense and eager enjoyment and interest
• Team Player
  - Works well as a member of a group
• Detail Oriented
  - Capable of carrying out a given task with all details necessary to get the task done well

High School (required)

• Microsoft Excel (required)
• Communication
  - Written (required)
• Communication
  - Verbal (required)

Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities. This employer is required to notify all applicants of their rights pursuant to federal employment laws. For further information, please review the Know Your Rights notice from the Department of Labor.