SBA Real Estate Construction Loan Administrator (Remote)
About The Position
This is a remote role that may only be hired in the following location(s): North Carolina. This position provides oversight and administration of the construction loan process for all assigned loans. Collaborates with internal stakeholders to define monitoring requirements, engages third-party inspectors and title agents as needed, and reviews all documentation to ensure compliance with Bank standards and regulations. Evaluates construction loan risks and rewards to provide guidance on owner-occupied real estate transactions and may assist management with more complex initiatives.
Requirements
- Bachelor's Degree and 2 years of experience in Commercial Loan Administration OR High School Diploma or GED and 6 years of experience in Commercial Loan Administration
- Ability to work in a fast-paced environment with strong prioritization skills
- Ability to multitask with strong attention to detail
- Proficient in Excel
- Strong written and verbal communication skills
Nice To Haves
- Experience in Financial Services
- Experience in a centralized Commercial Real Estate Construction Administration program
- Experience as a Real Estate (Construction) paralegal
- Experience with SBA Construction Funding or Closing
Responsibilities
- Monitors the construction loan process for owner-occupied real estate transactions.
- Forms a full understanding of project scope and monitoring requirements through collaboration with internal stakeholders.
- Reviews the risk and rewards associated with construction loans to provide guidance on appropriate credit structuring.
- Reviews all documentation associated with the construction loan process to ensure accuracy, completeness, and compliance with Bank standards and regulations.
- Communicates deficiencies to the appropriate parties.
- Engages third-party inspectors and title agents as needed to ensure portfolios are supported with all necessary documentation, evaluations, and other crucial information.
- Assists in coordinating the various steps and needs of construction loan processing to streamline transactions.
- Assists management with additional tasks related to the construction loan process, which may include involvement in more complex transactions.
- Monitors and reports on daily activities to aid leadership awareness of results.
Benefits
- Competitive, thoughtfully designed and quality benefits program
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Education Level
Associate degree
