Commercial Loan Operations Construction Specialist Sr

Flagstar Bank•Troy, AL

3d•$66,660 - $96,253•Onsite

About The Position

The Commercial Loan Operations Construction Specialist Sr provides advanced operational support to Commercial Real Estate or the Homebuilder Finance Groups, focusing on the servicing of complex residential and commercial construction and development loans. This role ensures accuracy and timeliness in all draw, funding, and collateral activities while offering subject matter expertise and process leadership. The senior specialist works closely with internal stakeholders and external partners to drive efficiency, mitigate risk, and support large-scale projects from pre-close through project completion.

Requirements

High School / High School Equivalency (GED, HiSET, TASC) / Foreign Equivalent; or equivalent combination of education and experience.
4+ Years experience in a large commercial bank or related financial institution.
Ability to review and interpret loan documents and translate terms into accurate system entries.
Deep understanding of draw processes, title insurance requirements, construction budgets, and loan documentation
Demonstrated ability to manage complex transactions and work with high-profile clients or large portfolios
Proficient in Microsoft Excel and Word.
Excellent organizational, analytical, and communication skills.
Strong interpersonal and communication skills, with a team-first mindset.
Demonstrates a strong ability to build and maintain effective relationships with stakeholders by communicating clearly, engaging in proactive collaboration, and leveraging cross functional insights. Aligns relationship building efforts with enterprise goals to accelerate performance and drive strategic results.
Builds trusted client relationships, whether internal or external, by identifying needs and delivering tailored solutions to enhance the overall client experience.
Fosters or supports a positive work culture and productive work environment, displaying importance of effective relationships with customers and stakeholders.

Nice To Haves

Undergraduate Degree (4 years or equivalent) (Business, Finance, Accounting, or related field)

Responsibilities

Lead the servicing of complex and high-value construction and development loans, ensuring accurate closing, funding loans and disbursement of draws and tracking of budgets.
Ensure flood certificates are ordered and/or reviewed to determine if property is in the flood zone and if applicable coordinate with borrower to retrieve flood insurance.
Partner with the internal flood team for approval to close.
Review credit approval, loan agreement and promissory note to ensure construction loans meets the approved requirements.
Coordinate with clients, attorneys, relationship managers/project managers and title companies to ensure loans are closed accurately, and within a timely manner.
Review and approve prefunding and final funding packages provided by Commercial Loan Operation Construction Specialist for home builder finance loans.
Coordination between CLO Construction Specialist, Portfolio Manager and credit to assure matured units or loans comply to extend dates in Loan Momentum by creating new terms or expressions
Review and interpret detailed construction loan documentation, including agreements, title reports, budgets, and lien releases
Coordinate with relationship managers or project managers, credit officers, and title companies to facilitate smooth project funding and risk mitigation
For home builder finance loans, order appraisals and ensure the appraised values are in line with the borrower’s cost.
Serve as an escalation point for draw issues, budget overruns, or documentation discrepancies
Maintain accurate system records for construction loans, including commitments, interest reserves, and project milestones
Ensure compliance with internal policy and regulatory guidelines related to construction lending and draw funding
Train and mentor junior team members and review draw packages or system entries for accuracy and adherence to loan terms
Participate in audits, exams, and internal reviews by providing subject matter expertise and complete, organized documentation
Identify and implement process improvements or controls to enhance draw processing, monitoring, and client servicing
Partner with IT, Risk, and Operations leadership to support enhancements to systems or procedures related to construction loan servicing
Uses independent judgement and discretion to make decisions.
Analyzes and resolves problems.
Where applicable, approve and transfer new loans added in Loan Momentum. Maintain any revisions/corrections in Loan Momentum. Creating new locales to Loan Momentum.
Where applicable, circulate daily to CLO Construction Specialist reconciliation and daily delinquent report to assure items are cleared by month end.
Performs special projects, and additional duties and responsibilities as required.
Consistently adheres to regulatory and compliance policies and standards linked to the job as listed and complete required compliance trainings. Accountable to maintain compliance with applicable federal, state and local laws and regulations.