A Construction Loan Administrator provides administrative and clerical support relating to construction loan processes. Typical roles and responsibilities are listed on the Construction Loan Administrator Resume as – monitoring the budget and funds available for the project, analyzing the tax updates, insurance policies, and conducting surveys to monitor the loan procedures, assisting the borrowers in understanding the role procedures, and advances; facilitating in understanding the rate of interest, loan payments, and the pay-off instructions to the borrowers, performing periodic checks on the construction site, recoding the data in the systems and verifying and updating the record accordingly.
Employers look for applicants with the following skills and abilities – the ability to review, decipher and process construction loan documents, knowledge of the industry practices and the associated laws, sound understanding of the banks working, the ability to maintain loan disbursement file, the ability to manage a complex loan portfolio, and knowledge of financial statements and tax returns. Successful candidates have a degree in accounting or finance.
Summary : Seeking a position as a Construction Loan Administrator Over 30 years of building industry expertise. Experienced Problem Solver. Comfortable sketching out clear solutions. - Project manager with an aptitude for anticipating potential problems and designing innovative solutions. - Familiar with bidding, rfi's, rfp's, submittals, change orders, scheduling and Draw requests.
Supervised new construction loans for over 5 years, reviewed and approved Plans, Specs, and Contactor's Qualifications.
Managed other design professionals and contractors in the production and administration of contract documents for new buildings.
Tracked job costs & performed inspections on 50+ projects per month, disbursing $9-12 Million per month for draws.
Worked involved preparation of spreadsheets with independently prepared detailed cost estimates for construction/alteration/repair projects for commercial properties using industry standard cost estimating techniques.
Estimates have been accurate and within 10% of contractors' submitted bid proposals.
Utilized on-site inspections for estimate of completion within 5% of draw request to control funds for a project to ensure its continuity and completion was maintained within defined constraints of schedule, budget and quality.
Processed draw payment within a 24-hour turnaround timeframe.
Experience
10+ Years
Level
Senior
Education
Bachelor Of Arts
Construction Loan Administrator Resume
Headline : Looking for an accounting position with a company that has a small town feel. Strengths include strong written and verbal communication, goal and detailed oriented, self- motivated, assertive, flexible, multi-tasker, fast learner and dependable. Computer and office experience includes Microsoft Word and Excel, Peoplesoft, Voyager, Oracle and eService, 10 key touch and type 45+ WPM.
Skills : Data Entry, Excel, Customer Service, Banking, Retail Management.
Description :
Prepared the construction loan documents for the closing of C/P loans.
Worked with the attorney during the closing to make sure all underwriting conditions were met at closing.
Ran the escrows and aggregate and TIL for the attorney during the closing.
Ran general ledger tickets to administer draws for the customer.
Also began doing draws online in the bank system.
Monitored the construction loans for percentage of completion and sent the appraiser to do inspections at the appropriate time.
Prepared the closing documents for the modification closing.
Experience
5-7 Years
Level
Junior
Education
GED
Construction Loan Administrator Resume
Objective : Goal is to effectively leverage my diverse skills and experience in the Customer Service field. I'm seeking a position that allows me to be demonstrative of my planning and managerial abilities, while displaying my belief in, and commitment to, exemplifying expertise.
Skills : Planning Skills, Maintenance SKills.
Description :
Reviewed draw applications for accurate billing documentation: lien waivers, insurance, and invoices.
Processed draw requests received from the builder.
Ordered draw inspections and ensure all documentation needed (permits, lien waivers, builders risk insurance, surveys, soil treatment certification) is in the file prior to disbursement.
Worked with contractors on construction budgets to ensure proper funding.
Ordered and directly performed construction inspections.
Posted applications of principal reduction payments, interest payments and escrow deposits received to appropriate G/L accounts and construction budgets.
Maintained, monitored and kept in balance the construction project budget, with core system balances and commitments.
Experience
2-5 Years
Level
Junior
Education
MS
Construction Loan Administrator Resume
Headline : Responsible for monitoring the adequacy and effectiveness of the key controls and service levels for construction to permanent lending, Approving draw requests and wire transfers, Responding to customer service calls from Builder, Borrowers, and Loan Officers.
Skills : Management Skills, Customer Service.
Description :
Reviewed draw packages related to large capital construction projects.
Worked with clients to reconcile and balance budgets, resolve any draw related issues, and timely fund draw requests.
Worked with internal relationship team to keep clients satisfied while also comfortably managing risk.
Effectively managed risk associated with construction portfolio.
Worked with credit and relationship managers on complicated budget approvals or unique situations.
Worked with inspectors and title companies to coordinate timing of draws and ensure that there are no issues that hold up funding.
Utilized problem solving and creativity when resolving issues in order to timely fund client's draw requests.
Experience
5-7 Years
Level
Executive
Education
Bachelor Of Business Administration
Construction Loan Administrator Resume
Headline : Responsible for Interacting with Accounting Department to ensure timely payment to vendors for services rendered, Managing process of final inspections, title updates, budget review, and project completion.
Skills : Budget Reviewing, Supervising Skills.
Description :
Worked as an Construction Loan Administrator for a local bank verifying the progression of Residential Construction & small commercial projects.
Traveled to various jobs sites across north Alabama to physically inspect each project, verify via pictures progress / or lack thereof , fill out the appropriate forms with pictures, email back to the assigned lender.
Saved the Banks time and money by freeing up the assigned lenders to solely focus on the office side of their jobs.
Used Budgets, credit, approvals, reconciliation, invoicing, payable tracking.
Assisted the construction loan closer in gathering the construction related cost and plan review items that are required for a cost and plan review analysis prior to loan closing.
Maintained accurate and complete working files and imaging of the construction draw documentation to the imaging system of record.
Knowledged of construction related insurance requirements and maintaining adequate insurances during construction.
Experience
5-7 Years
Level
Junior
Education
MS
Construction Loan Administrator Resume
Objective : Responsible for Managing exceptions to builder/project approval and work in progress with the manager and Chief Underwriter, Processing and preparing construction to permanent disbursement wires, authorized signer to approve, Developing knowledge of the requalification and modification process to perform the process.
Skills : Developing Skills, Leadership.
Description :
Managed construction to permanent loans processes and projects.
Developed, documented, and maintained construction to permanent administrative processes including the review of loan documentation, review of site inspection reports, loan funding and loan balancing, loan pay downs, and partial releases.
Maintained department service quality standards.
Provided leadership, process definition, and subject matter expertise for the servicing of construction to permanent loans during the draw phase of the loans.
Developed and managed relationships with key external vendors including technology providers, construction material suppliers, attorneys, inspectors, title companies, and builders.
Identified and implemented methods of improving functional and departmental efficiencies that reduce risks, improve quality of service and/or accommodate additional growth.
Monitored reports for projects with past due accounts to make decisions regarding construction suspension and potential default actions.
Experience
2-5 Years
Level
Junior
Education
MS
Construction Loan Administrator Resume
Headline : To establish a long-term career in a company where I may utilize my Construction Loan Administrator professional skills and knowledge to be an effective Associate Program Manager and inspiration to those around me.
Managed and administered construction draw requests on a portfolio of over 100 construction loans, scheduling inspections and title searches with appropriate parties.
Disbursement of approved draw funds accomplished by issuing checks or ordering wires.
Analyzed construction budgets for disbursements made against work performed.
Reviewed loan files.
Drawn schedules, title binders and builder approvals to process closing documents for settlement.
Resolved any issues prior to closing.
Processed accounts receivable / payable and maintain detailed accounting records for construction budgets in TCL software program.
Experience
5-7 Years
Level
Junior
Education
MS
Construction Loan Administrator Resume
Objective : Professional and efficient in my abilities to be thorough, thoughtful, organized, timely and accurate. Tactful and diplomatic in dealing with customers and visitors. Hard worker, dependable and possess a personable manner with others. Work independently and diligently on assigned tasks, takes initiative to institute changes where necessary. Team player with strong work ethic and the ability to adapt to new workplace situations.
Skills : Business Administration, Planning Skills.
Description :
Administrated to Director of Commercial Construction Lending Department Assist with processing of new construction loans for major builders.
Typed correspondence, file, log documents to be submitted for review.
Assisted builders with account questions and assist Director with problem solving.
Coordinated draw process, schedule appraisal and inspections.
Handled payoff checks/request and encode all appraisal information.
Answered phones/greet visitors, shred and purge old file documents.
Reviewed Construction Budgets for large commercial projects.
Experience
2-5 Years
Level
Junior
Education
GED
Construction Loan Administrator Resume
Objective : To obtain a Construction Loan Administrator position which will permit me to use my strong technical proficiency in the areas of closing, post-closing and broad knowledge of Mortgage Banking and proven leadership skills.
Skills : Coordinating Skills, Planning Skills.
Description :
Facilitated administration of all aspects of loan fund disbursement for construction of custom-built homes.
Prepared and developed standard and custom draw schedules, disbursed draw request, monitored loan status to insure construction completed on schedule, audited loans, prepared and executed loan extensions, processed builder approvals, reconciled loan reports with production branches, marketing, accounting, closing and post-closing.
Responsible for obtaining all state and county, investor and bank certifications.
Coordinated with appraisers and inspectors draw inspections, manages inspection fee accounts, worked with builder and borrower to resolve construction issues.
Operated on-line system, prepared all documents and conducted modifications from construction loan to permanent loan with borrowers.
Managed 60-80 loan volume.
Set up construction loan file after mortgage loan closing.
Experience
2-5 Years
Level
Executive
Education
Business Administration
Construction Loan Administrator Resume
Objective : Customer service-focused Microsoft Outlook Cash handling expert Microsoft Word Analytical Oracle Debt and credit management Jack Henry Reliable Calculator proficiency Detail-oriented Calendaring.
Skills : Cash Handling, Lending, Customer Service .
Description :
Provided service to builders with construction loans.
Prepared and fund accounts after inspections.
Processed various forms and organize confidential files.
Verified all account information before processing wire transfers.
Completed loan packages for construction sites.
Assisted with end-of-month mortgage loans.
Processed monthly residential construction draw applications.
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