Commercial Loan Coordinator

3 weeks ago


Dallas, Texas, United States Camden Homes Full time

At Camden Homes, we are seeking a detail-oriented Commercial Loan Coordinator to support our company's financing needs.


Key Responsibilities:
  • Perform comprehensive analysis to inform our loan requirements.
  • Prepare inspection details for bank and management review related to weekly/monthly draw expectations.
  • Coordinate with Construction on new pours and framing to process inspections timely.
  • Process weekly draw requests and update draw schedules to track the per house loan balances.
  • Review Buildtopia to see stage changes to report the most accurate list for weekly draws to cover vendor payments on work progress.
  • Process monthly draw requests and update draw schedules to track horizontal development projects, based on internal draw processes.
  • Send notifications to accounting and land development once draws fund.
  • Keep development draw tracker up to date.
  • Create and update data tapes for leases and/or mortgages for presenting to banks, etc.
  • Document Recording: Appropriate name label of document and type of document, uploaded to the system of record:Salesforce or any other repository that is added.
  • Coordinating with SN Servicing on delinquent properties as well as updating SalesForce with the weekly property updates.
  • Assist with monthly/bi-weekly draws in the process of gathering documents, requesting BPOs or ARBPOs, filling in the data tape, pulling borrowing base, uploading docs to Box/Lockbox and helping to get closing documents signed.
  • Once distributions are made, they are allocated into the excel spreadsheet for each notice to go out to investors.
  • Creating project Pro Formas: Create a cost analysis to determine capacity on the lines overfunded vs. underfunded.
  • Compose draw schedules to determine project completion and when capacity will be reached.

Requirements:
  • Navigate Excel, Word, PowerPoint efficiently.
  • Sufficient knowledge of the terminology and the application of the theory of finance to real business-related problems.
  • Health Insurance, Vision, Dental, Life Insurance.
  • Short-Term Disability, Long-Term Disability.
  • Growth Opportunities.


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