Construction Loan Administration Specialist

2 weeks ago

Reston, Virginia, United States Intercoastal Mortgage Llc Full time

The Construction Loan Administration Specialist shall act primarily to support Intercoastal Mortgage, Construction Lending. They will perform duties pertinent to supporting existing Construction Lending team members with primary focus on draw administration, funding, portfolio maintenance, and customer service support while adhering to guidelines, policy, and procedure.

Key Duties and Responsibilities

  • Manage an active pipeline of construction loans to administer funding draws from loan funds for completed construction progress with accuracy and compliance with guidelines and policy:
    • Activate loan in BUILT platform.
    • Manage day to day draw activity and monitor inspection completion.
    • Communicate effectively with the builder and borrower.
    • Prepare daily draw funding for review and approval by Senior Management.
  • Review loan file checklist prior to funding.
  • Monitor loan maturity reports for pipeline.
  • Ensure insurance is in place on all loans managed.
  • Handle customer inquiries and keep loan officers informed of actions taken or needed.
  • Build and maintain positive relations with all construction lending team members and co-workers in other departments.
  • Comply with all department and company policies, procedures, and regulations.

Knowledge, Skills, & Abilities

  • Excellent customer service skills.
  • Detail-oriented with a high degree of accuracy.
  • Strong communication and organizational skills.
  • Ability to self-manage time and workflow to meet deadlines.
  • Ability to manage multiple projects at one time.
  • Ability to work independently as well as in a team environment.

Education & Experience

High school diploma or GED equivalent required. Previous loan experience preferred.

This is a hybrid position requiring regular in-office presence at our Reston, VA headquarters alongside remote work flexibility. 

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