Construction Lending Administrator

Stock Yards Bank & Trust•Louisville, KY

8d•Onsite

About The Position

Work diligently with lenders, coordinators and borrowers to ensure construction loans close timely, checklists are complete, and closing draw is in balance on assigned loans. Responsible for maintaining an effective and efficient method of tracking all aspects of the residential and commercial construction/development loan portfolio to ensure compliance with original approvals and on-budget completion of the projects; to review existing policy and procedures and revise and/or establish new as warranted.

Requirements

2 years prior experience in construction lending or related field
Proficiency in Word
Proficiency in Excel
Typing
Excellent Customer Service Skills
Excellent Communication Skills

Nice To Haves

College education preferred
Experience with Credit Quest, Built, and RIMS preferred

Responsibilities

Review current construction policy, procedures and forms to revise, eliminate and make additions as needed
Communicate and educate lenders on the Bank’s policies, guidelines and procedures
Meet with officers and clients, when requested, prior to closing to review the project, budget, items needed by closing and after and the draw/funding process
Complete closing checklists/task sheets and give the CLA clear to close
Balance closing draw, review settlement Statements and Construction Loan Agreements prior to closing
Set up construction loan in Built and create draw files on construction loans and communicate with lenders on missing items or items not in compliance with approval
Order title updates/endorsements and inspections for pending draw requests
Review pending draw request and supporting documentation to budget tracking, addressing unauthorized change orders, items not included in budget, budget shortages, expired insurances
Review title update/endorsement and inspection report received to draw request and approve draw in compliance with documentation and original approval; verify the inspection report and that the balance to complete and balance available to draw on the loan are sufficient to complete the project
Communicate with inter-departments to ensure accuracy and compliance of the construction loan portfolio
Review of the Title Policy and Loan Agreement on Commercial Construction loans for list of requirements prior to Final Disbursement
Prepare and maintain a draw Cost Summary to track balances of remaining costs to complete verses loan funds remaining to be sure loan is in balance for duration of project to completion
Obtain all required documents for final draw prior to loan converting to perm
Track and reconcile invoices from vendors on a monthly basis and submit for payment
Review purpose codes at approval and loan set up to be sure construction codes are used properly