Construction Loan Coordinator

2 weeks ago


Jacksonville, Florida, United States Triad Financial Service Inc. Full time
Job Title: Construction Loan Administrator

Triad Financial Services Inc. is seeking a highly skilled Construction Loan Administrator to join our team. As a key member of our financial services team, you will be responsible for managing construction loans from boarding to completion.

Key Responsibilities:
  • Boarding loans to construction management tracking tools, including key loan details and balancing of funds
  • Initiate welcome calls and emails with customers and dealers/general contractors to level set expectations and advise on construction management tracking tools
  • Schedule follow-ups in construction management tracking tools based on timing communicated by dealers/GCs
  • Communicate with partners, retailers, and third-party vendors, maintaining client relationships and providing superior customer service
  • Manage all draws after the initial draw, including invoice payments
  • Evaluate property appraisals for accuracy and appropriateness relative to loan and improvements for construction completeness
  • Monitor and prepare/file extensions to the construction period as needed
  • Order inspections to confirm completion of work through various stages of construction, ordering surveys where required, and title endorsements when necessary
  • Review purchase agreements throughout the construction period for monetary changes and escalate any noted changes after closing at each draw interval
  • Ensure all construction funds are balanced, actual costs versus projected costs, before the loan converts to a permanent loan
  • Evaluate and prepare modifications, including drafting, managing execution with borrowers, dealers, and sending for recording
  • Prepare the loan package for sale to the investor and send package to the investor when applicable
Requirements:
  • 2+ years of construction loan administration experience preferred
  • Loan origination and construction management platform knowledge preferred
  • Knowledge of the manufactured home industry preferred
  • Ability to multitask in a fast-paced, fluid environment
  • Strong work ethic and problem-solving skills
  • Accuracy and attention to detail
  • Strong verbal and written communication skills
  • Ability to work independently and in a team setting
  • Strong mortgage-related mathematical skills
Compensation:

$25.00/hour - $27.79/hour



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