Residential Construction Specialist I

Centier Bank•Merrillville, IN

4d•Hybrid

About The Position

This position involves ordering, organizing, and reviewing the necessary due diligence to establish new builder guidance lines, open new subnotes/construction projects, administer construction draws, and process payoffs. It requires obtaining entity documents, ordering collateral due diligence (appraisals, flood searches, title work), ordering loan documents, and scheduling closings with bank clients and other relevant parties. The role demands managing numerous construction projects simultaneously, ensuring budgets are in balance, and extensive interaction with external clients, vendors, and internal associates. The company values diversity and aims to attract, retain, and engage associates, emphasizing a culture of Caring, Loyalty, Integrity, Friendship, and Fun.

Requirements

High School Diploma.
2+ years banking or office experience or equivalent.
Ability to multitask, prioritize, and stay organized.
Ability to work independently and make analytical decisions based on procedure.
Excellent communication skills to effectively communicate complex information and resolve challenging issues.
Ability to retain complex policy, regulatory, and procedural information.
Ability to take initiative to find answers by researching and asking questions.
Excellent customer service skills.
Ability to remain calm in stressful situations and tight deadlines.
Familiarity with bank policy knowledge.
Ability to utilize CSI NuPoint, Treev View/Capture, Credit Quest (banking software).
Ability to answer phones, transfer calls, and take messages for other associates/departments.
Capacity to adapt to changing procedures and regulations.
Cannot be intimidated by complex loans or nuanced processes.

Nice To Haves

Experience in construction administration, budget management or related field strongly preferred.

Responsibilities

Review guidance line approvals to effectively and accurately open new subnotes and administer construction draws.
Order documentation for new construction loans/subnotes, including appraisals, flood searches, title commitments, and surveys.
Ensure all due diligence is in file (TREEV) prior to ordering loan documents and scheduling closings.
Verify that all appropriate entity documents are correct and scanned into TREEV for reference by the Commercial Doc Prep department.
Order inspections and ensure that each project is in balance at each draw request.
Work with title companies to update title insurance and ensure there are no outstanding mechanic’s liens.
Obtain and review foundation surveys to ensure proper placement of collateral.
Work with bank clients to schedule loan closings and construction draws at the title company.
Ensure all department reports related to builder loans and guidance lines are updated daily and information is current.
Process interest payments for builder loans when manually handled by the Residential Construction Area.
Ensure timely receipt of closing packages, draw packages, recorded mortgages, and final title policies from the title company.
Monitor loan portfolio to ensure that builder’s risk insurance is current for each subnote and request evidence of current insurance prior to expiration.
Manage maturing loans by contacting builders to assess the need for construction phase extensions or payoffs.
Work with loan officers to process extensions if needed.
Submit loan packages to the scanning team, upload draw packages, and quality check loan/draw packages.
File original hardcopies in the vault.
Prepare payoff letters for guidance line subnotes.
Pay vendors for services rendered (appraisers, title companies, inspectors, etc.).
Delegate tasks as needed.