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Construction Loan Administrator

Salary
Competitive
Employment
Full Time
Real Estate Field
Location
Miami
 FL
Postal Code
33143
Country
United States

This job is no longer active.

Description


COMPANY OVERVIEW Grass River Property is a Coconut Grove, Florida based leader in real estate investment, lending and development of mixed-use, commercial, office and residential projects. As the developer, lender, owner and manager of some of the area’s most iconic and influential properties, Grass River Property has the local market expertise to execute projects of virtually any size and complexity. Our principals have collectively built more than $5 billion in office construction, totaling over 6 million square feet of office space. Our sustainable development and investments in urban properties are served by existing transportation infrastructures for high value-add projects that focus on walkability and transit access in increasingly dense urban settings. Website: www.grassriverproperty.com RESPONSIBILITIES
  • Administer a portfolio of commercial construction loans including processing draws
  • Function as administrator for construction loan administration software
  • Manage closing and construction workflow to ensure timely processes
  • Review of construction loan packages to include ability to mitigate risk, understand construction administration requirements for each credit, and comprehend processing/ servicing needs for each loan.
  • This function will adhere to the guidelines set forth in Construction Draw Administration procedures and follow requirements and conditions stated on loan approval
  • Provide quality service to internal and external clients
  • Responsibility for collateral releases when applicable
  • Provide reports, information, and documentation as requested for loans serviced on signing authority when applicable for transactions outside of loan policy and draw administration procedures. Proper approval or waivers must be present for processing outside of stated guidelines
  • This position requires the ability to elevate any credit risk to proper management prior to release of funds or further processing
  • Assure compliance with all applicable legal and regulatory requirements that pertains lending functions
MINIMUM JOB REQUIREMENTS
  • College Degree or equivalent experience
  • 3+ years' experience in the home builder finance, commercial real estate OR title industry preferred
  • Extensive understanding of loan administration and funding procedures
  • Excellent customer service, communication, and interpersonal skills
  • Proven computer skills on Windows, Microsoft Word, Excel preferred
  • Proficient math skills
  • Knowledge and understanding of real estate documents which include but not limited to Construction Notes, Construction Loan Agreements, Disbursing Agreements, Construction Mortgages etc.
  • Understanding of payment applications which include but are not limited to appraisals, AIA forms, contractor certifications, lien waivers, etc.
  • Detail-oriented and skilled at multi-tasking
  • Strong time management and organizational skills
  • Can work with a sense of urgency when time constraints are involved
 

Job Sector


Not specified

 

Experience


1+ to 2 years


This job is no longer active.

Construction Miami Full Time FL Administration, Construction Construction Loan Administrator other