Mortgage Loan Construction Administrator

This is a fully remote position, open to applicants in Alabama, +2 more states.

📋 Description

• Establishes and oversees construction loan accounts while managing construction loan disbursements.

• Conducts the builder approval process and sets up builders.

• Assists clients and builders throughout the construction loan and modification process until the secondary market loan closes.

• Monitors and grants approval for Construction Perm loans prior to and at the time of closing.

• Reviews documents, including construction contracts, plans, specifications, site plans, title work, and Construction and Repair forms, to process pre-closing on construction loans.

• Reviews and ensures the accuracy of recorded documents after closing.

• Compiles comprehensive inspections of properties during the construction phase.

• Approves essential documents such as Builders Risk, Builder Liability, Flood Insurance, Notices to Owners, Lien Waivers, Notices of Commencement, and Foundation Surveys.

• Processes final disbursements and manages modifications.

• Uses reports and data to track workload and loan statuses.

• Supervises the extension of Notices of Commencement.

• Manages extensions of the interest-only term for Construction Perm loans.

• Provides assistance to the Home Builder Approval Program.

• Collaborates with Borrowers and Builders to address inquiries.

• Keeps track of overdue Construction Perm loans.

• Upholds confidentiality at all times.

• Completes mandatory BSA/AML training and other compliance training as assigned.

• Performs any additional related duties as required or assigned.

⛳️ Requirements

• A four-year college degree or equivalent, along with 5 years of relevant experience and/or training, plus 2 years of management experience, or an equivalent combination of education and experience.

• Strong ability to communicate effectively and address questions in person and in small group scenarios with customers, clients, the general public, and fellow employees.

• Proficient in calculating figures and amounts, including discounts, interest, commissions, proportions, percentages, area, circumference, and volume.

• Capable of resolving practical problems and handling various known variables in situations with limited standardization.

• Ability to interpret a range of instructions provided in written, oral, or diagram formats.

• Notary certification is preferred.

🏝️ Benefits

• Not indicated