Commercial Real Estate Loan Administrator

Huntington National Bank•Detroit, MI

6d•$30 - $60•Onsite

About The Position

Description Summary: The Commercial Real Estate Loan Administrator will demonstrate an intermediate understanding of the commercial and construction loan process and support high-profile customers with complex credit and construction loan structures. Is responsible for timely and accurate administration of loan servicing for assigned customers. This senior colleague is to possess strong critical thinking and analytical skills and have an ability to effectively negotiate. They will also be responsible to review and be the secondary approver of construction draws and funds movement transactions processed by other Commercial Loan Administrators. Duties and Responsibilities: Works with Loan Closing Specialists, Relationship and Portfolio Managers, pre- and post-closing, to review construction due diligence, evaluate the plan and cost review, identify and manage potential risk and issues for new construction loans. Obtain and analyze construction documents such as inspection reports, waivers of lien, sworn statements, endorsement letters, and other items needed to determine appropriate amounts to be advanced. First-line decision makers who will exercise discretion to mitigate issues and questions being elevated to management and keeps Relationship and Portfolio Managers abreast of material changes and risk with construction completion delays, increases to overall construction budget including interest reserve deficiencies and other customer activity. Evaluates and processes customer requests for various types of disbursements, interest payments, wire transfers, collateral releases, loan payoffs and interest reserve calculations, within the terms of loan agreement and in adherence to bank policy and procedures. Maintains accuracy of loan and customer information on system of record, draw checklist, certifications, and construction due diligence documents and updates reporting. Develop relationships and collaborate with internal partners, customers, title companies, construction consultants, and contractors. Proactively and efficiently manage workflow. Performs other duties as assigned.

Requirements

Bachelor’s Degree
3+ years of CRE Commercial Banking experience

Nice To Haves

Demonstrates confidence and professionalism, with the ability to collaborate and interact with all levels within the organization.
Proficient use of Microsoft Office and other digital resources
Excellence in customer service, initiative-taking, focused and goal oriented.
Excellent written and verbal communication skills, including grammar and demeanor.
Strong organizational skills with diligence, planning and follow-up.
Ability to work independently on multiple tasks without compromising quality.
Adaptable to change.

Responsibilities

Works with Loan Closing Specialists, Relationship and Portfolio Managers, pre- and post-closing, to review construction due diligence, evaluate the plan and cost review, identify and manage potential risk and issues for new construction loans.
Obtain and analyze construction documents such as inspection reports, waivers of lien, sworn statements, endorsement letters, and other items needed to determine appropriate amounts to be advanced.
First-line decision makers who will exercise discretion to mitigate issues and questions being elevated to management and keeps Relationship and Portfolio Managers abreast of material changes and risk with construction completion delays, increases to overall construction budget including interest reserve deficiencies and other customer activity.
Evaluates and processes customer requests for various types of disbursements, interest payments, wire transfers, collateral releases, loan payoffs and interest reserve calculations, within the terms of loan agreement and in adherence to bank policy and procedures.
Maintains accuracy of loan and customer information on system of record, draw checklist, certifications, and construction due diligence documents and updates reporting.
Develop relationships and collaborate with internal partners, customers, title companies, construction consultants, and contractors.
Proactively and efficiently manage workflow.
Performs other duties as assigned.