Financial Services Operations Specialist
2 days ago
Company Overview:
The Loan Servicer for Community Development Finance plays a vital role in supporting the servicing of transactions within the community development and affordable housing space.
This position involves a diverse range of responsibilities, including operational support, detailed portfolio management, and rigorous quality control. The Loan Servicer will ensure all transactions comply with relevant bank regulations and standards by managing documentation and coordinating with various internal and external partners.
Job Responsibilities:
- Manage and maintain undisbursed loan proceeds according to the preapproved construction budget, ensuring accurate tracking and documentation of all construction sources and uses.
- Determine and reconcile funding sources for each transaction, posting information accurately.
- Prepare and coordinate the construction draw instructions with external construction inspector.
- Review monthly construction draws, contractor AIA documents, changes order forms, lien releases, and soft cost invoices to ensure accuracy and compliance.
- Order or verify receipt of necessary title-related documents, such as date down title, foundation, and lien-free endorsements.
- Coordinate with client, title company, construction inspector, and participating bank to resolve issues and ensures seamless servicing of each loan.
Salary:
The estimated salary for this position is between $75,100 and $92,000 per year, depending on location and experience.
Required Skills and Qualifications:
Bachelor's Degree and 3 years of experience in Real Estate Lending, Loan Closing/Servicing/Processing, and/or Financial Services OR High School Diploma or GED and 7 years of experience in Real Estate Lending, Loan Closing/Servicing/Processing, and/or Financial Services
Benefits:
First Citizens benefits programs are designed to meet our associates where they are in life. Full-time associates (20+ hours) are offered a comprehensive benefits program, with customized offerings, including those designed to support families, however defined.
Location:
This position is available at First Citizens Bank locations nationwide.
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