Construction Draw Specialist

ABOUT ONETRUST HOME LOANS

If you are looking for an organization that has established an outstanding reputation for quality products and services and where you are an important member of a professional team then OneTrust Home Loans may be for you. We are recognized as a Fortune 5000 company offering conventional FHA VA USDA and jumbo financing while boasting portfolio construction and structure finance lending divisions. Our focus on utilizing the latest technology to streamline the home loan process has made us a leader in our space. We really listen to our clients in order to anticipate their home financing goals and dreams. Were mortgage educators and financing strategists providing detailed information and sound advice on mortgage options and industry trends. We focus our energies on a transparent and open communication loan process to close loans quickly.

If our employees are successful we are successful. Our goal is to provide them with the most current competitive tools and information possible. Employees and management listen engage and provide honest feedback to each other. Those who make outstanding contributions are recognized for their outstanding customer service and are eligible for key order to hire and retain employees who share our values of integrity transparency innovation and greatness we offer attractive employment packages work-life balance a wide range of training opportunities and an innovative and exciting business culture. Service is everything!

Position Summary

The Construction Draw Specialist is responsible for managing construction loan draw activity after loan closing and funding ensuring accurate tracking of budgets disbursements and loan balances. This role works closely with borrowers builders accounting and servicing teams to process draw requests maintain documentation and monitor construction progress.

Essential Duties and Responsibilities

• Review construction loan files after closing and update the master construction budget to reflect any changes made during the closing process.
• Request and coordinate disbursement requests with builders and borrowers. Ensure that all required documentation is received and review prior to request of funds being disbursed per company guidelines.
• Send welcome communications to builders and borrowers outlining draw request procedures including follow-up calls to answer questions and provide guidance.
• Enter and maintain accurate draw data across all required systems including the loan management platform draw tracking system and master budget.
• Review submitted draw requests for completeness and accuracy and ensure all systems reconcile and balance for proper draw tracking.
• Monitor and maintain detailed notes on the assigned loan pipeline including aged loans loans nearing completion and construction progress updates.
• Provide progress updates and documentation for loans nearing maturity or requiring extensions to assist the extension/modification team.
• Post interest payments and update balances in reporting systems to ensure principal balances and remaining draw amounts are accurate.
• Work closely with accounting and servicing teams to ensure timely and accurate draw disbursements and reporting.

The above functions are intended to describe the general nature and level of work performed by individuals assigned to this job. This is not designed to contain or be interpreted as a comprehensive list of all duties responsibilities and qualifications required of employees assigned to this job.

Education and Experience

• 2 years of experience in construction lending or a related mortgage operations role preferred but not required.
• 2 years of experience managing construction loan draw requests preferred but not required.

Knowledge Skills and Abilities

• Demonstrated computer skills in word processing spreadsheet and electronic mail software.
• Strong communication and interpersonal skills and a high level of professional integrity.
• Maintains a positive helpful constructive attitude and work relationship with co-workers and supervisors.
• Strong time management and organizational skills in a dynamic constantly changing environment.
• Attention to detail and quality focused.
• Encompass experience preferred.

OneTrust Home Loans is an Equal Opportunity Employer

CALIFORNIA JOB APPLICANT PRIVACY NOTICE REGARDING THE COLLECTION OF PERSONAL INFORMATION

This Job Applicant Notice is designed to meet obligations under the California Privacy Act (CPRA) as amended by the California Consumer Privacy Act (CCPA) regarding how CalCon Mutual Mortgage LLC collects and processes personal information during the application and recruitment process. This Job Application Notice solely applies to applicants of CalCon Mutual Mortgage LLC who reside in the State of California.

In the event of a conflict between any other CalCon Mutual Mortgage LLC policy statement or notice and this Job Applicant Notice this Job Applicant Notice will prevail as to California job applicants. Unless stated otherwise CalCon Mutual Mortgage LLC may collect personal information and use it for certain business purposes. Under the CPRA consumers means California residents including job applicants employees or contractors of a business. CalCon Mutual Mortgage LLC will only process your personal information in accordance with the Companys Privacy Notice unless otherwise required by applicable law. You can submit a request to regarding the Companys Privacy policy to know about the categories of data being collected the purposes for which the data will be used and your rights to opt out.

Required Experience:

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