Mortgage Construction Draw Administrator

Job Details

Description

SUMMARY: Administer all phases of construction draw process from origination to conversion to permanent

financing. Coordinate release of funds, extensions and conversions to permanent financing with loan servicing

personnel.

ESSENTIAL DUTIES and RESPONSIBILITIES include, but are not limited to the following:

• Key point of contact with builders, customers and loan officers during the construction draw phase.
  
  

Foster and grow relationships with builders and well as customers.

• Timely monitoring of incoming draw requests and ensure draws are completed within customer and
  
  

builder expectations.

• Complete builder reviews, which may include reviewing builder financials, credit history, verifying
  
  

references and customer reviews. Present review to management for final decision.

• Order onsite inspections from appraisers or qualified inspectors and follow up until received.
  
  

Communicate delays to relevant parties as needed.

• Order mechanic lien updates from settlement agents and follow up until received. Communicate
  
  

delays to relevant parties as needed.

• Review onsite inspection reports for accuracy and verify construction build progress.
• Prepare draw forms for builders and customers and distribute for signature.
• Coordinate release of funds from Loan in Process (LIP) accounts with loan servicing
• Monitor inspection / appraisal funds held and administer any refunds when construction phase is
  
  

completed.

• Utilize reporting to track upcoming construction completion dates for all loans in construction phase.
  
  

Proactively work with both builder and customer(s) to ensure completion within expected timeframes.

When timeframes may need adjusted, coordinate the necessary documentation and loan account

updates with loan servicing personnel.

• Distribute other construction related notices to builders and customers as required
• Perform post-closing documentation administration when required
• Complete all mandatory and elective training including BSA and Anti-Money Laundering procedures.
  
  

Maintain compliance with all appropriate rules and regulations.

• Regular predictable attendance is an essential requirement of this position
• Complete all other duties as assigned
  
  

EDUCATION And/or EXPERIENCE

• High school diploma or GED
• Minimum 3 years’ experience in mortgage origination or mortgage loan servicing required.
• Customer service and / or sales experience required
• Understanding of GLs and flow of funds for construction disbursements.
• Good verbal and written communication with ability to explain financial information related to
  
  

construction advances.

• Must possess a strong organizational ability with attention to detail with ability to multi task in a fast
  
  

paced environment.

• Good problem solver and independent thinker with ability to research and communicate results to
  
  

branch personnel or customers.

• Team oriented with demonstrated effort to assist other department staff related to construction
  
  

administration.

Farmers National Banc Corp. is an Equal Opportunity Employer: disability/veteran