Construction Loan Administration Specialist

2 weeks ago


Ogden, Utah, United States Bank of Utah Full time

Hello, I am Cindee Himelright, and I am the VP, Portfolio Manager-Residential Construction & Consumer at Bank of Utah. At Bank of Utah, we prioritize building strong relationships with our clients, ensuring that we know them personally and they know us in return.

We are currently seeking a Construction Loan Administration Specialist to join our Main Office. This role is essential in overseeing the management of construction loans and ensuring smooth operations within our lending processes.

Key Responsibilities:

As a Construction Loan Administration Specialist, you will be responsible for:

  • Boarding and balancing new loans while ensuring compliance with bank policies.
  • Reviewing and processing accounts payable and draw items in a timely manner.
  • Monitoring the progress of construction projects in relation to fund disbursements.
  • Providing exceptional customer service by addressing exceptions to policies and resolving issues for borrowers, builders, and subcontractors.
  • Performing all functions related to construction loan servicing and reporting any non-progress to management.
  • Assisting in the preparation and review of loan extensions and modifications.
Qualifications:

The ideal candidate will possess:
  • 1-2 years of experience in Construction Loan Servicing.
  • A basic understanding of the construction process.
  • Familiarity with CORE and draw software is preferred but not mandatory.
  • A solid grasp of debits and credits.
  • Strong organizational skills with attention to detail.
  • Proficiency in Microsoft Word and Excel.
  • Excellent customer service and communication skills, both oral and written.
  • The ability to manage stress and meet deadlines effectively.
  • A collaborative spirit, capable of working independently as well.
  • The capacity to maintain high productivity levels with minimal supervision.
Regular Duties:

Your daily responsibilities will include:
  • Managing all functions of the Construction Draw Department.
  • Booking new construction loans and balancing general ledger accounts.
  • Verifying the accuracy of loan balances between systems.
  • Handling the draw process, including ordering inspections and verifying documentation.
  • Reviewing invoices for accuracy and compliance.
  • Analyzing inspection reports and ensuring they align with draw requests.
  • Communicating promptly with relevant parties regarding any issues.
  • Processing monthly interest payments and preparing payoff quotes.
  • Maintaining records and ensuring timely storage of documentation.
  • Tracking insurance policy expirations and obtaining necessary updates.
  • Participating in relevant training to enhance skills and knowledge.
  • Keeping management informed of significant issues.
  • Performing other duties as assigned.


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