Commercial Construction Loan Administrator
Ft. Lauderdale
May 14, 2020

FrankCrum Staffing is seeking a Sr. Commercial Construction Loan Administrator - CRE (Commercial Real Estate) for our Banking client in the Fort Lauderdale area. This position is responsible for loan administration duties of all loans during the lifecycle of an assigned loan portfolio. This position is responsible for performing hands-on commercial construction loan administration from start to finish.

During the construction lifecycle of an assigned loan portfolio, the CRE Construction Loan Administrator is responsible for all loan administration duties for each loan. The CRE Construction Loan Admin is the primary point of contact for borrowers, lenders, and third-party vendors, to resolve construction loan-related questions and other issues.

ESSENTIAL DUTIES AND RESPONSIBILITIES
1. Obtain, coordinate, review, and track all documentation from the borrower and third party vendors. This includes front-end project analyses, inspections, draw request processing, budget oversight, monthly loan payments and contractual required documentation.
2. Regularly review, analyze, and process draw requests, budget reallocations, review progress inspection reports, and coordinate funding with internal departments.
3. Assemble and maintain construction loan documentation and files, collaborating with CRE Construction Specialists to ensure compliance with institutional and regulatory policies and procedures.
4. Monitor loan payments, tax payments, insurance policies, vendor invoices, and lien process to ensure proper and timely payment.
5. Review commitment letters, underwriting files, escrow analysis, closing statements, loan agreements, and pre and post-closing documents for accuracy.
6. Identify critical risks through careful analysis of submitted documentation through construction completion.
7. Prepare and distribute appropriate funds control and disbursement packages from vendor’s accords to applicable interdepartmental procedures.
8. Facilitate requests from loan officers, vendors, and project participants regarding status and schedule of all processes and site visits.
9. Responsible for all project file maintenance, including loan documentation management, imaging, and reporting.
10. Utilize reports to monitor and update project status in bank systems.
11. Serve as mentor and back-up for junior CRE Construction Loan Administrators.
12. Participate in department wide events, projects, and initiatives as assigned.
13. Provide exception approvals to junior CRE Construction Loan Administrator based on project request including legal requirements and risk tolerance.
14. Complete required BSA/AML training and other compliance training as assigned; performed as needed.

 

ADDITIONAL INFORMATION

Required Education and Experience:

  • 2+ years of proven commercial real estate construction loan administration experience
  • Basic understanding of financial institution products and services
  • Knowledge of general banking operations to include an understanding of the loan function
  • Knowledge of current state and federal loan documentation regulations
  • Excellent time management skills and the ability to organize and manage multiple priorities
  • Strong analytical, organizational, and verbal and written communication skills

Preferred Education and Experience:

  • 5+ combined years of proven commercial real estate loan closing, asset management, loan administration and/or underwriting experience

FrankCrum Staffing is an equal opportunity employer prohibiting discrimination on the basis of race, color, sex, age, religion, national origin, disability, marital status and any other characteristic protected by local, state or federal law.

 

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