Mortgage Construction Funding Manager

Fifth Third Bank • Kentwood, MI

2d

About The Position

The Mortgage Construction Funding Manager manages the mortgage construction funding team and oversees mortgage construction loan disbursements. The role manages construction-loan risk by reviewing project budgets and documentation and verifying funds before disbursement. It ensures compliance with Bancorp policies and procedures and confirms that loans meet documentation requirements and remain within budget to complete projects.

The manager is accountable for identifying, assessing, managing, monitoring, and reporting risks while following bank policies and supporting positive experiences for customers and colleagues. The position supervises the team's daily work, provides employee feedback and development, maintains reporting and quality standards, and participates in or leads projects related to construction lending or loan fulfillment.

The role is located in Kentwood, Michigan. It is eligible for incentive compensation based on company, business-line, and/or individual performance. Fifth Third describes its benefits programs as supporting employees' physical, financial, emotional, and social well-being; specific benefits are not listed in the posting.

Requirements

• Undergraduate degree or equivalent related work experience.
• At least 5 years of experience administering mortgage construction loan disbursements.
• Excellent oral and written communication skills.
• Basic understanding of internal operation functions and mortgage real estate lending.
• Above-average problem-solving and customer-service skills.
• Ability to handle and prioritize multiple tasks.
• PC proficiency with Windows-based word-processing and spreadsheet applications.

Responsibilities

• Manage procedures for mortgage construction loan disbursements.
• Apply knowledge of Fifth Third Bancorp mortgage construction loan policies and escalate issues to appropriate parties.
• Supervise disbursement of mortgage construction draw requests.
• Train the mortgage construction funding team, new relationship managers, portfolio managers, and other departments.
• Ensure staff adhere to the Loan Draw Procedures manual.
• Communicate project issues and progress to relationship managers, portfolio managers, credit officers, and other internal teams, including budget shortfalls, mechanic’s liens, and equity issues.
• Communicate with borrowers, construction management companies, title companies, and inspectors.
• Oversee review of draw-process loan documentation, including credit memos, notes, mortgages, construction loan agreements, and budget analysis.
• Oversee daily team performance, including ordering title exams and verifying lien position.
• Coordinate project inspections with external inspectors.
• Monitor project budget line items using spreadsheets, verifying contract amounts, change orders, equity, stored materials, authorized signatures, retainage, contingency, and site work.
• Verify soft-cost invoices.
• Review and approve mortgage loan operations forms for disbursements.
• Meet service-level agreements by prioritizing duties as needed.
• Monitor work volume in relation to existing staffing levels and ensure consistent work quality.
• Maintain accurate reporting of team activities and volumes.
• Participate in and/or lead projects and teams within or on behalf of the Construction Loan or Loan Fulfillment team.
• Recommend process changes that minimize risk and improve customer service.
• Initiate reviews of Construction Policy and Procedures for appropriateness and understanding.
• Provide employees with timely, candid, constructive performance feedback; develop employees and provide career-growth opportunities; support talent-pool development and succession planning; and recognize and reward employee accomplishments.

Benefits

• Comprehensive benefits programs described as supporting employees' physical, financial, emotional, and social well-being.
• Eligible to participate in an incentive compensation plan, with payment based on company, line of business, and/or individual performance.

What This Job Offers

• Job Type: Full-time
• Career Level: Manager