Draw Administrator

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INTRUST Bank

WebsiteLinkedInAll Job Openings

501 - 1000 employees

Since 1876, INTRUST Bank has grown to become a leading financial services provider in the Midwest, with assets of more than $7 billion, a wide range of wealth services and 40 banking centers across Kansas, Oklahoma, and Arkansas. Our long-standing commitment to exceptional service, quality products and cutting-edge technology underscores our pledge to be the best resource for personal and business financial services in our communities.

📋 Description

• The Construction to Permanent Draw Administrator is responsible for overseeing Construction Permanent loan processes and procedures. • Comply with training, procedures and workflows focused on timely and accurate results. • Collaborates with all business owners and sales and operations managers and staff to ensure company policies and department procedures are followed and that the work performed complies with all state and federal regulations. • Act as a liaison with loan sales, operations, builder and vendor management and personnel to ensure that mutually agreed upon service levels are maintained. • Manage construction to permanent loans processes and projects. • Develop, document, and maintain 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. • Maintain department service quality standards. • Develop and manage relationships with key external customers, vendors including technology providers, construction material suppliers, attorneys, inspectors, title companies, and builders. • Analyze inspection reports for percentage completed on home, to assure accuracy of draw amount. • Identify and implement methods of improving functional and departmental efficiencies that reduce risks, improve quality of service and/or accommodate additional growth. • Follow guidelines, policies, and procedures. • Submit documentation for Collateral Assessment Review. • Work with processor to resolve any condition. • Monitor reports for project progression to make decisions regarding construction timelines. • Monitor the adequacy and effectiveness of the key controls and service levels for construction to permanent lending. • Prepare draw requests for approval and wire transfers from accounting system. • Respond to customer service calls from Builder, Borrowers, and Loan Officers. • Maintain builder accepted list. • Review builder reports for acceptance. • Track mortgage insurance, builder’s risk insurance, flood insurance, liability insurance, and builder license for expiration dates. • Manage exceptions to builder/project approval and work in progress with manager and Chief Underwriter. • Interact with Accounting Department to ensure timely payment to vendors for services rendered. • Manage process of final inspections, title updates, budget review, and project completion.

🎯 Requirements

• Bachelor’s degree in business or technology field or an equivalent combination of education and/or work experience preferred. • 3 + years working mortgage lending, including construction lending/construction loan administration, processing, or underwriting. • Experience with on boarding and managing servicing of construction loan projects and 3rd party relationships highly preferred. • Maintain & foster positive relationships with customers and business partners. • Complete all assigned training in a timely manner. • Provide professional communication in both oral & written expression. • Excellent organizational, time management & analytical skills. • Able to communicate and negotiate effectively. • Demonstrated expertise in process evaluation, development, and monitoring. • Understanding of credit policy tailored to construction permanent and renovation loan programs. • Strong knowledge of construction project management and state lien laws preferred. • Understand FHA underwriting guidelines. • Highly organized and detail oriented. • Ability to make sound business decisions with minimal supervision. • Strong presentation skills. • High level ability to coach, train, motivate, and mentor associates. • Able to work effectively under pressure. • Able to effectively problem solve.