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Construction Loan Admin - Residential Mortgage
Job in
Wayne, Passaic County, New Jersey, 07474, USA
Listed on 2026-08-07
Listing for:
Valley National Bank
Full Time
position Listed on 2026-08-07
Job specializations:
-
Finance & Banking
Loan Servicing
Job Description & How to Apply Below
- Reviews construction loan documents; analyzes and administers construction disbursements.
- Works in partnership with loan officers and the loan operations team as the primary contact between borrowers, builders, attorneys, appraisers and title company representatives from the loan's inception until the project has been completed.
- Participates in the pre-closing processes with loan officers and the construction loan officer to ensure all documentation requirements are identified before approval and closing.
- Performs construction draw analysis and reconciliation to provide the Construction Loan Officer with an accurate disbursement request for processing.
- Takes action on items affecting the disbursement process, including locating inspectors, builder change orders, sufficiency of funds, liens and restricted starts etc.
- Ability to teach / instruct borrowers and builders the disbursement process.
- Monitors construction loan documentation in files. Performs (expiration date analysis) for construction loan maturities, Florida notice of commencements, builders' risk insurance, flood insurance, contractor liability insurance, contractor's license and building permits.
- Assists the Construction Loan Officer with executing loan modifications including special projects related to streamlining construction loan workflow, procedures and systems.
- Administers the construction portfolio in accordance with credit policy requirements for risk management.
- Provides quality service to all team members and external clients.
- Follows all Bank policies and procedures, compliance regulations, and completes required training.
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