Construction Loan Draw Specialist

Hilltop Holdings•Dallas, TX

About The Position

Under general supervision, the Construction Draw Specialist at PlainsCapital Bank assists with all aspects of loan draw processing for residential homebuilder and commercial construction borrowers. The role reviews client draw requests for compliance with internal and external requirements before funds are released. It also coordinates with external vendors, including third-party inspectors, surveyors, and title companies, to gather project information and records data in the draw monitoring system.

Requirements

High school diploma, GED, or equivalent.
At least 2 years of lending or loan administration experience.
Excellent PC skills, including word processing and spreadsheets using Microsoft Office products, as well as custom applications and systems.
Excellent verbal, written, and interpersonal communication skills.
Excellent analytical, time management, organizational, and problem-solving skills, with the ability to multitask and produce error-free work in a deadline-driven environment.
Self-motivated, with strong attention to detail and accountability.

Nice To Haves

Previous experience with construction draw servicing or related construction industry experience is strongly preferred.
Knowledge of a construction disbursement servicing system.

Responsibilities

Monitor the construction draw pipeline for residential homebuilders and/or commercial construction loans, maintain loan accounts, and ensure supporting documentation is uploaded into the monitoring system.
Enter budgets and schedules into the draw monitoring system based on loan approvals and supporting construction documents.
Order and review inspection reports, including final inspections, and surveys; confirm inspections align with draw requests and update project completion progress in the monitoring system.
Review draw requests and borrowing base requirements, ensure appropriate approvals and internal requirements are met, and verify funds are available before release.
Review loans for past-due payments and hold draw funds until past-due amounts are resolved.
Prepare loan advances and wires to complete construction draws.
Communicate with lenders, lending assistants, borrowers, vendors, and other lending stakeholders about draw requests, status updates, discrepancies, and issues; engage the appropriate parties to resolve discrepancies.
Monitor exceptions on draw requests and coordinate with lending staff and borrowers to clear them.
Monitor key loan account data, including down date endorsement requirements and construction loan binder extensions, and document changes in the draw monitoring system.
Track borrower equity injection reports to ensure projects comply with loan approval guidelines and requirements.
Generate draw pipeline reports for loan operations management.
Perform additional duties and responsibilities as needed.