What are the responsibilities and job description for the Draw Admin/Department Support position at Highlands Residential Mortgage?
We’re looking for a skilled professional with experience in renovation and construction lending to join our expanding department.
Key responsibilities include draw administration, conversions/modifications, accounting, and ensuring project deadlines are met.Location: Ideally, candidates can work from our corporate office in Allen, TX.
We also welcome candidates with general mortgage experience who are eager to broaden their expertise in construction and renovation lending.
Primary focus: Draw administration post-closing process for OTC, Renovation and escrow holdback.
- Following current systems and procedures in draw process
- Balancing with accounting at each closing
- Each closed loan with the exception of small renovation projects are input into getbuilt.com for draw and accounting management.
- Following up on closed loans to ensure timelines are met for completion
- Requesting physical inspection from Trinity
- Approving draw request
- Managing all draw documentation when required and processing draw request
- Requesting check or wire from warehouse (construction to perm) or accounting (renovation escrow)
- Working on close out of OTC and Renovation loans
- FHA Connection (203K)
- FNMA Recourse removal (FNMA)
- OTC Conversion to Permanent & Cenlar roll over process
- Communication with branch and title for construction mod/conversion
- Escrow Holdback
- Reviewing escrow holdback request with management oversight
- Managing Encompass based escrow holdback request system
- Ensuring escrow holdback repairs are completed within the allotted time frame.
Mission of primary role:
Reviewing draws in a timely fashion with great customer service. Recommend enhancements and improvements to our process. Promote a best in class post closing borrower experience. Communication is key.
Secondary Focus:
The department is growing rapidly and we will design the role around your skill set and where support is needed
- Document creation to improve process
- Communication emails with various groups internal and external
- Support role for department on overflow
Job Type: Full-time
Pay: $50,000.00 - $80,000.00 per year
Benefits:
- 401(k)
- Dental insurance
- Health insurance
- Paid time off
- Vision insurance
Schedule:
- 8 hour shift
- Day shift
Experience:
- Mortgage Industry: 1 year (Preferred)
Work Location: Hybrid remote in Allen, TX 75013
Salary : $50,000 - $80,000