Document Administrator IIICustom Mortgage Fulfillment
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Job Location:
Houston, MS - USA
Monthly Salary:
Not Disclosed
Posted on:
Yesterday
Vacancies:
1 Vacancy
Job Summary
Job Description:
At Bank of America we are guided by a common purpose to help make financial lives better through the power of every connection. We do this by driving Responsible Growth and delivering for our clients teammates communities and shareholders every day.
Being a Great Place to Work is core to how we drive Responsible Growth. This includes our commitment to being an inclusive workplace attracting and developing exceptional talent supporting our teammates physical emotional and financial wellness recognizing and rewarding performance and how we make an impact in the communities we serve.
Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations.
At Bank of America you can build a successful career with opportunities to learn grow and make an impact. Join us!
Job Description:
This job is responsible for preparing and reviewing documentation in accordance with the banks policies and procedures to facilitate closings with the client and ensure lien perfection. Key responsibilities include working on highly complex documentation supporting Loan Administrators with their primary responsibilities and assisting the Market Leader in directing workflow and performing quality assurance. Job expectations include working with company vendors legal counsel line partners and clients to ensure world class documentation accuracy.
This role aligns to Custom Mortgage Fulfillment organization supporting the Construction Draw process. The position is responsible for analyzing construction budgets builder contracts inspection results and construction workbook documentation to validate draw requests throughout the life of the project. Responsibilities include collaborating closely with Sales Underwriting Fulfillment clients builders and external partners to ensure accurate and timely draw funding. The specialist applies strong financial and risk assessment skills to reconcile documentation identify variances resolve discrepancies and maintain lien and collateral integrity through the construction lifecycle.
Responsibilities:
- Ensures that loan documentation and lien perfection meets bank policies and procedures and that work products are delivered in an accurately and timely manner
- Leads documentation due diligence and collateral perfection and monitoring of loan documentation for a specific market segment
- Reviews documents for accuracy timely delivery and necessary research requirements to ensure documentation reflects the appropriate transactional information and elimination of controllable rework
- Reviews the loan approval and loan documents prepared by counsel to ensure consistency and adherence to requirements
- Designs a robust filing and organizational process to assist in completing primary financial booking and initial loan funding
- Works closely with Client Managers Credit and Portfolio Officers agency management internal and external legal counsel and many internal operational support units to ensure seamless execution of transactions
- Analyzes construction budgets contracts and draw documentation to validate funding requests throughout the lifecycle of each construction project ensuring adherence to approved terms mitigating financial risk and preventing controllable rework
- Partners closely with Sales Underwriting Fulfillment clients and builders to obtain required information resolve discrepancies within draw packages and ensure timely accurate communication that supports seamless project progression
Required Qualifications:
- 3 years of experience in mortgage operations construction lending commercial lending or related financial services roles
- Experience reviewing financial/legal documentation contracts or underwriting packages.
- Experience collaborating with Sales Underwriting Fulfillment title/escrow builders and clients in a regulated lending environment.
Desired Qualifications:
- Bachelors Degree in business finance or related field
- Prior experience with construction draw administration or handling construction budgets inspections or builder contracts
Skills:
- Attention to Detail
- Business Acumen
- Customer and Client Focus
- Due Diligence
- Prioritization
- Adaptability
- Data Collection and Entry
- Oral Communications
- Research
- Written Communications
- Financial & Variance Analysis
- Construction Lending Knowledge
Minimum Education Requirement: High School Diploma / GED / Secondary School or equivalent
Shift:
1st shift (United States of America)Hours Per Week:
40Required Experience:
Unclear Seniority
Key Skills
- Loan Origination
- Sales Experience
- Microsoft Office
- Financial Services
- Customer Service
- Organizational skills
- Communication skills
- Military Experience
- Fair Housing Regulations
- Inside Sales
- Outside Sales
- Word Processing
About Company
What would you like the power to do? At Bank of America, our purpose is to help make financial lives better through the power of every connection.
