Commercial/Construction Loan Coordinator
- Job Title
- Commercial/Construction Loan Coordinator
- Job Order ID
- Begin Date
- Fleming Island, FL 32003
- Other Location
Commercial/Construction Mortgage Loan Coordinator
Responsible for supporting and assisting the Commercial Lending group. The coordinator will document and initiate the funding process for commercial loans. Collects all upfront documentation for Commercial Loan applications from clients within a timely manner through professional communication. Must have expertise in commercial loan procedures and understand the lending rules such as: processing, funding, underwriting and release in order to manage the loan through the process. Must have strong attention to detail and the ability to follow due diligence on all loan applications, funding's etc. Mitigate loss and follow rules consistent with established Bank policies, procedures and systems, the corporate code of conduct, Bank Secrecy Act and all applicable State and Federal laws and regulations.
ESSENTIAL DUTIES AND RESPONSIBILITIES:
Is familiar with the due diligence required in putting together a commercial construction loan
Is familiar with the documentation needed to produce anything from a small renovation construction loan to a large complex commercial construction projects. Will at times document this in house or work with banks attorney to produce appropriate documentation
Can review Construction Contracts, Plan and Cost reviews, balance a sources and uses, determine equity, work with contractors as well as customer…etc.
Is familiar with all types of commercial loans both RE and non RE
Understands federal banking regulations and industry standards as it pertains to documenting commercial loans
Understands due diligence requirements on these various loan type
Good communication skills as they will be working with customers, bank employees, attorneys and third party vendors,
They will often help to fund the loans
Good organizational skills, comfortable working with multiple systems
Is able to keep up with a high volume sometime high stress role
ADDITIONAL DUTIES AND REQUIREMENTS:
May be assigned other duties and responsibilities.
Bachelors Degree Preferred or 3 to 5 years construction loan experience.
Previous experience in commercial and construction lending loan coordination.
Working knowledge of loan collateral documentation, perfection process and business entities as well as commercial real estate.
Good verbal, written, and interpersonal communication skills.
Ability to navigate multiple computer systems, applications, and utilized search tools to find information.
Ability to work in a fast-paced deadline driven environment.
Strong team orientation, but also ability to work independently, proactively, while exercising sound judgment.
Effective organizational, multi-tasking, and prioritizing skills.
Intermediate Microsoft Word skills.
Strong attention to detail and accuracy skills
- Required Skills
Construction Loan Experience
- Pay Range
- $29.81 Hourly to $19.23 Hourly