Mortgage Loan Construction Administrator
Mortgage Loan Construction Administrator
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Job 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. This duty is performed daily about 10 of the time.
2. Process preclosing on construction loans by reviewing documents such as construction contracts plans specs site plans title work Construction and Repair forms etc. This duty is performed daily about 10 of the time.
3. Review and file recorded documents for accuracy after closing. This duty is performed weekly about 5 of the time.
4. Create a full work up of inspections of property throughout the construction phase. This duty is performed daily about 15 of the time.
5. Approve documents such as Builders Risk Builder Liability Flood Insurance Notice to Owners Lien Waivers Notice of Commencements Foundation Surveys etc. This duty is performed daily about 10 of the time.
6. Process final draws and facilitate modifications. This duty is performed daily about 5 of the time.
7. Utilize reports and data to monitor workload and loan status. This duty is performed daily about 15 of the time.
8. Oversee the extension of Notice of Commencements. This duty is performed weekly about 5 of the time.
9. Process extensions of the interestonly term of Construction Perm loans. This duty is performed monthly about 5 of the time.
10. Provide support to the Home Builder Approval Program. This duty is performed quarterly about 5 of the time.
11. Collaborate with Borrowers and Builders about inquiries. This duty is performed daily about 5 of the time.
12. Monitor past due Construction Perm loans. This duty is performed weekly about 5 of the time.
13. Maintain confidentiality. This duty is performed daily.
14. The ability to work in a constant state of alertness and in a safe manner. This duty is performed daily.
15. Completes required BSA/AML training and other compliance training as assigned. This duty is performed quarterly.
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 fouryear 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 persontoperson 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: 10Key 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 highlevel diversity and decisionmaking.
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
Required Experience:
Unclear Seniority
Employment Type
Full-Time
