Mortgage Loan Construction Administrator at Centennial Bank

, Texas, United States -

Full Time

Start Date

Immediate

Expiry Date

28 Sep, 26

Salary

0.0

Posted On

30 Jun, 26

Experience

5 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Construction Loan Administration, Loan Draw Processing, Builder Approval, Document Review, Compliance Monitoring, Financial Calculation, 10-Key Data Entry, Word Processing, Spreadsheet Management, Accounting, Contact Management, Database Management, Critical Thinking, Communication Skills, BSA/AML Compliance, Notary Public

Industry

Banking

Description

GENERAL DESCRIPTION OF POSITION The Mortgage Loan Construction Admin establishes and maintains construction loan accounts and administers construction loan draws. This position performs the builder approval process and builder setup. The Mortgage Loan Construction Admin supports clients and builders with the construction loan and the modification process through the closing of the secondary market loan. ESSENTIAL DUTIES AND RESPONSIBILITIES 1. Monitor and provide approval of Construction Perm loans before and at closing. 2. Process preclosing on construction loans by reviewing documents such as construction contracts, plans, specs, site plans, title work, Construction and Repair forms, etc. 3. Review and file recorded documents for accuracy after closing. 4. Create a full work up of inspections of property throughout the construction phase. 5. Approve documents such as Builders Risk, Builder Liability, Flood Insurance, Notice to Owners, Lien Waivers, Notice of Commencements, Foundation Surveys, etc. 6. Process final draws and facilitate modifications. 7. Utilize reports and data to monitor workload and loan status. 8. Oversee the extension of Notice of Commencements. 9. Process extensions of the interest-only term of Construction Perm loans. 10. Provide support to the Home Builder Approval Program. 11. Collaborate with Borrowers and Builders about inquiries. 12. Monitor past due Construction Perm loans. 13. Maintain confidentiality. 14. The ability to work in a constant state of alertness and in a safe manner. 15. Completes required BSA/AML training and other compliance training as assigned. 16. Perform any other related duties as required or assigned. QUALIFICATIONS To perform this job successfully, an individual must be able to perform each essential duty mentioned satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. EDUCATION AND EXPERIENCE Broad knowledge of such fields as accounting, marketing, business administration, finance, etc. Equivalent to a four-year college degree, plus 5 years related experience and/or training, and 2 years related management experience, or equivalent combination of education and experience. COMMUNICATION SKILLS Ability to effectively communicate information and respond to questions in person-to-person and small group situations with customers, clients, general public and other employees of the organization. MATHEMATICAL SKILLS Ability to calculate figures and amounts such as discounts, interest, commissions, proportions, percentages, area, circumference, and volume. Ability to apply concepts such as fractions, ratios, and proportions to practical situations. CRITICAL THINKING SKILLS Ability to solve practical problems and deal with a variety of known variables in situations where only limited standardization exists. Ability to interpret a variety of instructions furnished in written, oral, or diagram formats. REQUIRED CERTIFICATES, LICENSES, REGISTRATIONS Not indicated. PREFERRED CERTIFICATES, LICENSES, REGISTRATIONS Notary SOFTWARE SKILLS REQUIRED Mastery: 10-Key, Alphanumeric Data Entry Advanced: Word Processing/Typing Intermediate: Accounting, Contact Management, Database, Spreadsheet WORKING CONDITIONS Normal working conditions as found within an office setting, wherein there is controlled temperature and a low noise level, plus a minimum of distractions. ENVIRONMENTAL CONDITIONS The following work environment characteristics described here are representative of those an employee encounters while performing essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. The noise level in the work environment is usually moderate. PHYSICAL ACTIVITIES The following physical activities described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions and expectations. Moderate diversity, low physical. Work activities which allow for a moderate amount of diversity in the performance of tasks which are not as varied as those positions with high-level diversity and decision-making. While performing the functions of this job, the employee is continuously required to sit, use hands to finger, handle, or feel, reach with hands and arms, talk, or hear; frequently required to walk; and occasionally required to stand, stoop, kneel, crouch, or crawl. The employee must occasionally lift and/or move up to 10 pounds. Specific vision abilities required by this job include close vision. ADDITIONAL INFORMATION - Five (5) years of related experience and/or training - Two (2) years of related management and/or supervisory experience - Notary certification preferred

Responsibilities

The Mortgage Loan Construction Administrator establishes and maintains construction loan accounts and manages the draw process. They are responsible for builder approvals, document verification, and supporting clients through the closing of secondary market loans.