Mortgage Loan Construction Administrator

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🏈 Alabama, Florida, +1 more states – Remote

🏈 Alabama – Remote 🐊 Florida – Remote 🤠 Texas – Remote

⏰ Full Time

🟡 Mid-level

🟠 Senior

🖥️ Administration

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Centennial Bank

WebsiteLinkedInAll Job Openings

1001 - 5000 employees

Founded 1999

🏦 Banking

💸 Finance

Banking • Finance

Centennial Bank is a regional commercial bank that provides a full range of personal and business banking services, including checking and savings accounts, mortgages, personal and business loans, treasury and cash management, SBA lending, dealer and floorplan finance, and wealth/insurance offerings. The bank operates branches across several states (including Alabama, Arkansas, Florida and New York), emphasizes secure online and mobile banking, fraud prevention and customer accessibility, and positions itself as a strong, stable institution serving both consumer and business customers.

📋 Description

• Establishes and maintains construction loan accounts and administers construction loan draws. • Performs the builder approval process and builder setup. • Supports clients and builders with the construction loan and the modification process through the closing of the secondary market loan. • Monitors and provides approval of Construction Perm loans before and at closing. • Processes pre-closing on construction loans by reviewing documents such as construction contracts, plans, specs, site plans, title work, Construction and Repair forms, etc. • Reviews and files recorded documents for accuracy after closing. • Creates a full workup of inspections of property throughout the construction phase. • Approves documents such as Builders Risk, Builder Liability, Flood Insurance, Notice to Owners, Lien Waivers, Notice of Commencements, Foundation Surveys, etc. • Processes final draws and facilitates modifications. • Utilizes reports and data to monitor workload and loan status. • Oversees the extension of Notice of Commencements. • Processes extensions of the interest-only term of Construction Perm loans. • Provides support to the Home Builder Approval Program. • Collaborates with Borrowers and Builders about inquiries. • Monitors past due Construction Perm loans. • Maintains confidentiality. • Completes required BSA/AML training and other compliance training as assigned. • Performs any other related duties as required or assigned.

🎯 Requirements

• Equivalent to a four-year college degree, plus 5 years related experience and/or training, and 2 years related management experience, or equivalent combination of education and experience. • Ability to effectively communicate information and respond to questions in person-to-person and small group situations with customers, clients, general public and other employees of the organization. • Ability to calculate figures and amounts such as discounts, interest, commissions, proportions, percentages, area, circumference, and volume. • Ability to solve practical problems and deal with a variety of known variables in situations where only limited standardization exists. • Ability to interpret a variety of instructions furnished in written, oral, or diagram formats. • Notary certification preferred

🏖️ Benefits

• Not indicated