Draw Administrator Analyst
3 weeks ago
- Reviewing loan documentation to determine all requirements and conditions of each project are being met. Must have a total understanding of each project’s specific requirement as they vary from product to product. If discrepancies are found, must balance back to accounting sheet and verify with applicable vendor.
- Reviewing all documentation required for each draw. This may include review of all sworn statements, waivers, invoices, inspection and comparison to budget line items to ensure project is on track. Communication is required between the borrower, contractors and vendor. Processing of checks and wires.
- Working emails to extract all necessary details for the construction phase of the loan.
- Order inspections, title updates and surveys as required for each project type.
- Prepare disbursement and funding forms for approval by management. Maintain accurate records of each draw and interest reserve payments (if applicable) to ensure within budget.
- Assist with additional reporting as it pertains to borrower letters, delinquency and other departmental needs. Must stay abreast of compliance standards, system updates and departmental guidelines.
- Uploading documentation to applicable system.
- Adhere to all REGULATORY AND COMPLIANCE issues linked to the job and the team and understand how these issues help the bank achieve the vision of remaining an independent bank. (required for all positions)
Job Requirements:
- HS Diploma, GED or Foreign Equivalent
- 3 years of extensive customer service experience
- 2 years of mortgage lending experience or college equivalent
- Intermediate computer skills required. Proficient in Microsoft Office and Outlook. Must be able to learn new software quickly.
- Intermediate mathematical skills required with ability to perform day to day mortgage mathematical calculations
- Ability to speak and write effective in a professional business manner.
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