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Construction Loan Administrator
Commerce Bank. Provide accurate and timely processing of the construction draw process .
Core Competencies
Role fitCore Competencies
Use this summary to align your resume positioning with the role.
Demonstrates expertise in construction draw processing, loan compliance, and construction lien law, while maintaining meticulous attention to detail and effective communication with clients and contractors.
Highest-signal resume keywords
Construction Draw ProcessingConstruction Lien LawLoan ComplianceMicrosoft ExcelAttention to Detail
ATS Keywords
Tailor your resumeApplicant Tracking System Keywords
Tip: use these terms in your resume and cover letter to boost ATS matches.
Hard Skills
Loan ProcessingAIA FormattingPercent-Complete ConstructionLegal Requirements of Lien PerfectionReconciliation of Loan AmountsInputting Loans into SoftwareReviewing Title InsuranceReviewing Insurances and SurveysMaintaining Draw FilesFund Construction Draws
Soft Skills
Excellent Communication SkillsOrganizational SkillsMotivated Self-StarterTeam PlayerAttention to Detail
Tools & Technologies
Microsoft WordMicrosoft ExcelMicrosoft TeamsMicrosoft OutlookConstruction Loan Software
Industry Keywords
Construction Draw ProcessLoan Processing DepartmentFinancial InstitutionNTO ReleasesPartial ReleasesFinal ReleasesInspectionsTitle Insurance UpdatesClient InquiriesLegal Compliance
About the role
Key responsibilities & impact- Provide accurate and timely processing of the construction draw process
- Order title insurance updates as appropriate and review for accuracy
- Order appropriate insurances and surveys and review for accuracy, along with inspections
- Understand and monitor NTO/partial releases/final releases and construction lien law
- Input loans into a construction loan software program for tracking, draws, balancing, etc. and maintain the accuracy of the program
- Reconcile loan amount, equity requirements, draws, etc.
- Fund construction draws after obtaining the appropriate approvals
- Maintain accurate draw files
- Answer telephone and respond to written inquiries concerning loan construction-draw process from clients, contractors, etc.
- Perform other duties as assigned
Requirements
What you’ll need- Bachelor’s degree or equivalent combination of education and experience required
- 4+ years experience in the loan processing department of a financial institution required
- Strong knowledge regarding construction lien law, AIA formatting, and percent-complete construction
- Strong background in word processing, computerized spreadsheets, and legal requirements of lien perfection and loan compliance
- Excellent proofreading skills
- Motivated and organized self-starter with strong attention to detail and the ability to manage multiple priorities
- Inquisitive, agile, and strong team player with excellent written, verbal, and interpersonal communication skills
- Ability to remain adaptable and resilient to all situations with an optimistic outlook and cast a positive shadow that is aligned with our culture and Core Values
- Basic level proficiency with Microsoft Word, Excel, Teams, and Outlook
- Must be eligible to work in the US without sponsorship now or in the future
Benefits
Comp & perks- employer sponsored health, dental, and vision insurance
- 401(k)
- life insurance
- paid vacation
- paid personal time
- career development
- education assistance
- voluntary supplemental benefits
- Hybrid Schedule: In office 3 days per week