Idea Staff

Applicants

Commercial/Construction Loan Coordinator

Job Title
Commercial/Construction Loan Coordinator
Job Order ID
27091840
Begin Date
8/8/18
Duration
Location
Fleming Island,  FL 32003
Other Location
Description

Commercial/Construction Mortgage Loan Coordinator

DESCRIPTION:

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. 

Leadership skills

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
Openings
1
Pay Range
$29.81   Hourly to $19.23   Hourly

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