Construction Loan Operations Lead for Complex CRE Draws

Flagstar Bank; Houston (TX); On-site; USD 56,000 - 85,000; Full time

Job summary

Flagstar Bank in Houston, TX is seeking a Commercial Loan Operations Construction Specialist to provide operational support for commercial real estate and home builder finance loans, focusing on draws, funding, and collateral monitoring.

You will coordinate with relationship managers, credit, title companies, and external vendors to ensure timely closings, accurate system entries, and compliance with loan terms while maintaining documentation for audits.

Qualifications

• 2+ years of experience in a large commercial bank or financial institution.
• Knowledge of construction loan documentation, budgets, lien waivers, title processes, and funding mechanics.
• Ability to review and interpret loan documents and translate terms into accurate system entries.

Responsibilities

• Lead servicing of complex construction and development loans, including closing, funding, and disbursement of draws.
• Order appraisals for home builder finance loans and verify appraised values align with borrower costs.
• Coordinate with borrowers, attorneys, relationship managers and title companies to close loans timely.
• Ensure flood certificates are ordered/reviewed to determine if the property is in a flood zone and obtain flood insurance when required.
• Work with the internal flood team for approval to close.
• Review loan documents to ensure construction loans meet approved requirements.
• Reconcile draw activity, balances, and interest reserves in the servicing system.
• Maintain documentation and audit readiness for regulatory and internal reviews.

Skills

Excel

Analytical thinking

Communication

Interpersonal skills

Teamwork

Education

High School diploma or equivalent

Associates degree in Business/Finance (preferred)

Tools

Loan servicing systems

Job description

Flagstar Bank in Houston, TX is seeking a Commercial Loan Operations Construction Specialist to provide operational support for commercial real estate and home builder finance loans, focusing on draws, funding, and collateral monitoring.

You will coordinate with relationship managers, credit, title companies, and external vendors to ensure timely closings, accurate system entries, and compliance with loan terms while maintaining documentation for audits.