Sr. Residential Construction Loan Administrator

Company: Disability Solutions
Location: Virginia Beach
Posted on: April 18, 2024

Job Description:

Value PropositionOur values define us and our inspires us to Our employees are the heart and soul of our company, and every success we experience begins with them. Together we are committed to making a positive impact in our We champion a culture of and We promote a digitally enabled work environment to continuously enhance the experience of our OverviewThis position is located at our Bonney Road office in Virginia Beach, VirginiaHours are 8:30-5:00 Monday-FridayThe primary responsibility of this position is to administer residential construction loans to builders, including review of related documents, coordination of inspections, monitoring completion against schedules, disbursement of funds and associated recording, and conversion to permanent mortgage when construction is complete. Incumbents at the Senior level will generally complete assignments with a higher degree of scope and complexity compared to the core level, and will provide administrative support to the builder registration program.Responsibilities

• Monitor, accept, review and process draw requests, schedule inspections, disburse funds to borrowers, and record all activities in accordance with established procedures
• Process loan conversion to permanent mortgage when construction is complete, prepare necessary paperwork, ensure all approvals and signatures are obtained, follow up with borrowers as required and respond directly to any inquiries
• Monitor loan pipeline and job completion vs schedules, prepare notifications to borrowers regarding extension and related options, and process loan extensions as required
• Source, compile and organize builder information in support of the registration process, order credit reports, contact references, record and maintain registered builder informationQualificationsEducationHigh School Diploma or equivalent. (Required)Experience5 or more years Mortgage loan or Construction Administration. (Required)3 or more years Residential Construction Loan Administration. (Required)This role may perform other job duties as assigned by the manager. Each employee of the Organization, regardless of position, is accountable for reading, understanding and acting on the contents of all Company-assigned and/or job related Compliance Programs, regulations and policies and procedures, as well as ensure that all Compliance Training assignments are completed by established due dates. This includes but is not limited to, understanding and identifying compliance risks impacting their department(s), ensuring compliance with applicable laws or regulations, and escalating compliance risks to the appropriate level of management.Sponsorship StatementAs a condition of employment, individuals must be authorized to work in the United States without sponsorship for a work visa by Fulton Bank currently or in the future.EEO StatementFulton Bank ("Fulton") is an equal opportunity employer and is committed to providing equal employment opportunity for all qualified persons. Fulton will recruit, hire, train and promote persons in all job titles, and ensure that all other personnel actions are administered, without regard to race, color, religion, creed, sexual orientation, national origin, citizenship, gender, gender identity, age, genetic information, marital status, disability, covered veteran status, or any other legally protected status.

Keywords: Disability Solutions, Chesapeake , Sr. Residential Construction Loan Administrator, Professions , Virginia Beach, Virginia