Manage and maintain the residential construction and renovation loan disbursement process
Transfer loans from loan origination system to draw administration system
Assemble draw packages
Track lien releases and/or sworn statements
Monitor each line item in the project budget by utilizing spreadsheets and systems
Order and coordinate inspections (internal and external)
Order title updates, verify lien position, and order surveys as required
Maintain tracking logs on projects, draw status, outstanding or incomplete work
Update notes with any communication and status within draw system
Communicate with the contractor, borrower, loan originator, and others with the status and results of construction draws
Disburse draws within allotted timeframes set by agency and lender
Review construction contracts and renovation bids
Perform required checks on contractors; review contractors and builders per lender vetting process
Maintain contractor and builder acceptance lists
Monitor builders risk insurance during renovation and construction of property to convert to HOI
Performs such other duties as required

High School diploma or equivalent
5 years of mortgage residential real estate or construction lending experience, preferred
Knowledge of Encompass and Land Gorilla Construction Loan Manager, preferred
Familiarity with and ability to obtain required state/county/city permit/license requirements
Proficient math and analytical skills
Excellent communication and problem solving skills
Excellent prioritization and time management skills
Proficient with Microsoft Outlook, Excel, Word and Windows

Draw Administrator

Key skills