Residential Construction Specialist I

Centier Bank•Merrillville, IN

2d•$19•Hybrid

About The Position

This department typically works between the hours of 7am-5pm CST Monday-Friday. Once trained, this positon may be hybrid. The role 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. This includes obtaining entity documents, ordering collateral due diligence (appraisals, flood searches, title work), ordering loan documents, and scheduling closings with bank clients and other parties pertinent to the transaction. The specialist will manage numerous construction projects simultaneously and ensure budgets are in balance. This position requires extensive interaction with external clients, vendors, and internal associates.

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 in order to effectively communicate complex information and resolve challenging issues that may arise during the processing of residential construction loans.
Ability to retain complex policy, regulatory, and procedural information.
Ability to take initiative to find answers by researching as asking questions.
Excellent customer service skills.
Ability to remain calm in stressful situations and tight deadlines.
Familiar with bank policy knowledge and the ability to utilize CSI NuPoint, Treev View/Capture, Credit Quest (banking software).
Ability 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 with the client.
Ensure that all appropriate entity documents are correct and scanned into TREEV for reference by the Commercial Doc Prep department prior to ordering loan documents.
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 encumbering our collateral’s title.
Obtain and review foundation surveys once the foundation of the home is in place.
Work with bank clients to schedule loan closings and construction draws (if applicable) at the title company.
Ensure all department reports related to builder loans and guidance lines are updated daily and information is current and usable by audit, upper management, and other associates.
Process interest payments for builder loans in instances where the client has arranged for payments to be 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.
Request evidence of current insurance prior to any policies expiration.
Manage maturing loans by contacting builders to see if an extension of the construction phase is needed or if there is a payoff in process.
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.) during the processing of construction files.
Delegate as needed.