Construction Loan Administrator - FineMark

Commerce Bank•Fort Myers, FL

4d•Hybrid

About The Position

The Construction Loan Administrator provides accurate and timely processing of the construction draw process. The role includes ordering and reviewing title insurance updates, insurance, surveys, and inspections; monitoring construction lien law matters and releases; entering and maintaining loan information in construction loan software; reconciling loan amounts, equity requirements, and draws; funding approved construction draws; and maintaining accurate draw files. The administrator also responds to client and contractor inquiries about the construction draw process and performs other duties as assigned. Regular attendance at the designated FineMark location during regular or assigned business hours is required. The schedule is hybrid, with three days per week in the office. The selected candidate must be eligible to work in the United States without current or future sponsorship.

Requirements

Strong knowledge of construction lien law, AIA formatting, and percent-complete construction.
Strong background in word processing, computerized spreadsheets, and legal requirements for lien perfection and loan compliance.
Excellent proofreading skills.
Motivated, organized self-starter with strong attention to detail and ability to manage multiple priorities.
Inquisitive, agile team player with excellent written, verbal, and interpersonal communication skills.
Ability to remain adaptable and resilient, maintain an optimistic outlook, and support the company culture and Core Values.
Basic proficiency with Microsoft Word, Excel, Teams, and Outlook.
Bachelor’s degree or an equivalent combination of education and experience.
At least 4 years of experience in the loan processing department of a financial institution.
Must be eligible to work in the United States without sponsorship now or in the future.

Responsibilities

Order title insurance updates as appropriate and review them for accuracy.
Order appropriate insurance, surveys, and inspections and review them for accuracy.
Understand and monitor NTOs, partial releases, final releases, and construction lien law.
Enter loans into construction loan software for tracking, draws, and balancing, and maintain the accuracy of the program.
Reconcile loan amounts, equity requirements, and draws.
Fund construction draws after obtaining the appropriate approvals.
Maintain accurate draw files.
Answer telephone calls and respond to written inquiries from clients, contractors, and others concerning the construction draw process.
Attend regularly at the designated FineMark location during regular or assigned business hours.
Perform other duties as assigned.