Construction Loan Draw Administrator Job Plano area,Texas USA,Finance & Banking

Construction Loan Draw Administrator

As a Construction Loan Draw Administrator, you will play a crucial role in managing the construction loan process at our bank. The position does not involve evaluating loan applications but focuses on managing the construction desk, including overseeing relationships with builders, providing guidance through the complexities of the construction process, and ensuring adherence to the bank's lending practices.

Oversee the construction loan draw process, ensuring efficient and accurate management

Conduct reference checks and evaluate construction applications for new builders to ensure they meet the bank's rigorous standards

Act as a liaison between the bank and builders, gathering information, making contacts on references provided, and documenting interactions with builders and their vendors

Manage and track construction inspections, coordinating with back office personnel to verify work progress and compliance before releasing funds

Communicate with multiple departments, including MLOs, underwriting, mortgage operations management, and the closing department, to ensure seamless loan processing and transitioning from temporary to permanent financing

Facilitate communication and understanding of issues between builders and borrowers, acting as a key figure in resolving disputes and ensuring mutual satisfaction

Qualifications:

Bachelors degree in Finance, Business Administration, or a related field is preferred, but relevant experience is highly valued
At least 3-5 years of experience in a role focused on construction lending, builder relations, and loan administration

Skills:

Strong capabilities in relationship management and effective communication;
Experience in conflict resolution and facilitating discussions between different parties
Strong math skills
Working knowledge of Microsoft Excel and MS Office; basic keyboarding and calculator skills; must be able to do complex math and carry out written instructions
Work occasional requires more than 40 hours of work per week
Lifting in an office setting may be required up to 30 lbs.

Equal Opportunity Employer 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.