To qualify for this Construction Loan Servicing Specialist position you must have:

• Construction Loan Servicing experience preferred buy not required.
• Basic understanding of construction building process.
• Good understanding of debits and credits.
• Navigator and Loan Momentum experience preferred but not required.
• Excellent computer skills in a Windows environment.
• Excellent communication skills (oral and written).
• Able to handle stress of meeting deadlines.
  
  This Construction Loan Servicing Specialist position requires you to:

Directly responsible for all functions of the Construction Draw Department.

• Book all new Construction loans to TCL as well as balance GL accounts
• Verify loans booked into Navigator
• Image closing documents into document storage
• Book all Extensions and Modifications
• Directly involved with each step of the draw process:

• Pull draws daily and order inspections (when applicable)
• Verify signature authorizing the draw
• Verify vendor information, including W-9 form on file
• Review invoices for: date, property/job site, borrower, amount and material supplied or work performed
• Analyze the inspection report to determine if it supports the work completed per draw request
• Analyze percent complete versus percent disbursed
• Analyze the availability of funds available in a category or line item
• Final verification process prior to release of funds
• Balance TCL to Navigator

• Responsible for monitoring Interest Reserve accounts
• Process monthly interest payments via TCL and Navigator
• Responsible for processing each step of a paid off construction file:
• Prepare payoff quotes for title companies, loan officers and others
• Receive and process payoff checks
• Prepare Reconveyances and send to the county for recording. Upon return of the recorded Reconveyance, image into document storage, send the borrower the original Note (stamped “paid”), plus copies of recorded Reconveyance
• Box paid off files and store in vault/warehouse (7 years)
• Track and obtain title policies and recorded Trust Deeds in a timely manner to ensure the Bank’s first lien position. Submit title policy invoices for payment
• Monitor hazard insurance policy expiration dates and coverage amounts
• Monitor the maturity status of all construction loans
• Prepare Extension Agreements and/or Loan Modifications
• Directly involved with paying all Mortgage and Servicing related invoices
• Obtain invoice from vendors
• Send invoices to staff for approval
• Submit payment for invoices
• Maintain and send out shortage reports each month

• Process all credit card payments received from customers

• Assist compliance department with monthly reports
• Manage loan numbers
• Other duties as assigned