Mortgage Construction Funding Manager

Fifth Third Bank; Kentwood (MI); On-site; USD 95,000 - 135,000; Full time

Job summary

Fifth Third Bank in Michigan seeks a Mortgage Construction Funding Manager to lead the mortgage construction funding team, ensuring timely disbursements and compliance with policies.

You will review budgets, coordinate with lenders and inspectors, train staff, and monitor budgets and draw requests. Strong communication and leadership needed.

This role offers a challenging environment with risk management and process improvements to enhance customer experience and operational efficiency.

Qualifications

• 5+ years experience administering mortgage construction loan disbursements.
• Excellent oral and written communication skills.
• Basic understanding of internal operation functions and mortgage real estate lending.
• Above average problem solving and customer service skills.
• Ability to handle and prioritize multiple tasks.
• PC proficiency with Windows-based word processing and spreadsheet applications.

Responsibilities

• Manage overall procedures for mortgage construction loan disbursements.
• Supervise the disbursement of all mortgage construction draw requests.
• Provide training to mortgage construction funding team and related staff.
• Ensure adherence to Loan Draw Procedures manual by all staff.
• Communicate project issues and budget status to internal teams.
• Review loan documentation for draw process and budget analyses.
• Oversee daily performance of the mortgage construction funding team.
• Coordinate project inspections with external inspectors.
• Monitor project budgets, change orders, and contract amounts.
• Review and approve mortgage loan operations forms for disbursements.
• Maintain reporting on team activities and volumes.
• Participate in projects within the Construction Loan or Loan Fulfillment team.

Skills

Mortgage lending

Disbursement management

Budget analysis

Communication skills

Prioritization

Education

Undergraduate degree

Tools

Excel

Windows OS

Job description

Make banking a Fifth Third better

We connect great people to great opportunities. Are you ready to take the next step? Discover a career in banking at Fifth Third Bank.

GENERAL FUNCTION : Manage the Mortgage construction funding team. Primary responsibilities include managing the risks of construction loans by reviewing project budgets, documentation, and verification of funds for disbursement. Responsible for ensuring compliance with Bancorp policies and procedures. The focus of the construction administration process is to assess compliance with loan documentation and to insure loans are within budget to complete the project.

Responsible and accountable for risk by openly exchanging ideas and opinions, elevating concerns, and personally following policies and procedures as defined. Accountable for always doing the right thing for customers and colleagues, and ensures that actions and behaviors drive a positive customer experience. While operating within the Bank's risk appetite, achieves results by consistently identifying, assessing, managing, monitoring, and reporting risks of all types.

ESSENTIAL DUTIES AND RESPONSIBILITIES :

• Manage overall procedures for mortgage construction loan disbursements.
• Possess a working knowledge of the mortgage construction loan policies of Fifth Third Bancorp and escalation all issues to appropriate parties.
• Supervise the disbursement of all mortgage construction draw requests.
• Provide training to mortgage construction funding team, new relationship managers, portfolio managers and other departments.
• Ensure the Loan Draw Procedures manual is adhered to by all staff members.
• Communicate with relationship managers, portfolio managers, credit officers and other applicable internal areas the progress of construction project issues that may need to be addressed, such as budget shortfalls, mechanic's liens, and equity issues.
• Communicate effectively with borrowers, construction management companies, title companies, and inspectors.
• Oversee the review of loan documentation applicable to the draw process; credit memos, notes, mortgages, construction loan agreements, and budget analysis.
• Oversee the daily performance of the mortgage construction funding team including: the ordering of title exams and verification of lien position.
• Coordination of project inspections with external inspectors.
• Monitoring of each line item in the project budget utilizing spreadsheets by verifying contract amount, change orders, equity, stored materials, authorized signatures, retainage, contingency and site work.
• Verification of soft cost invoices.
• Review and approve all mortgage loan operations forms for disbursements.
• Ensure service level agreements are met by prioritizing all duties as needed.
• Monitor appropriate quantity of work for existing staff levels.
• Ensure consistent quality of work produced.
• Maintain accurate reporting of mortgage construction funding team activities and volumes.
• Participate in and/or lead projects and teams within or on behalf of the Construction Loan or Loan Fulfillment team.
• Recommend changes to the process that minimize risk and improve customer service.
• Initiate review of Construction Policy and Procedures for appropriateness and understanding.
• #LI-RD1

SUPERVISORY RESPONSIBILITIES :

• Responsible for providing employees timely, candid, and constructive performance feedback.
• Developing employees to their fullest potential and provide challenging opportunities that enhance employee career growth.
• Developing the appropriate talent pool to ensure adequate bench strength and succession planning; recognizing and rewarding employees for accomplishments.

MINIMUM KNOWLEDGE & SKILLS REQUIRED :

• Undergraduate degree or equivalent related work experience.
• 5 + years experience administering mortgage construction loan disbursements.
• Must demonstrate excellent oral and written communication skills.
• Requires a basic understanding of internal operation functions and mortgage real estate lending.
• Above average problem solving and customer service skills.
• Ability to handle and prioritize multiple tasks.
• PC proficiency with Windows-based word processing and spreadsheet applications.

Mortgage Construction Funding Manager

At Fifth Third, we understand the importance of recognizing our employees for the role they play in improving the lives of our customers, communities and each other. Our Total Rewards include comprehensive benefits and differentiated compensation offerings to give each employee the opportunity to be their best every day.

The base salary for this position is reflective of the range of salary levels for all roles within this pay grade across the U.S. Individual salaries within this range will vary based on factors such as role, relevant skillset, relevant experience, education and geographic location. In addition to the base salary, this role is eligible to participate in an incentive compensation plan, with any such payment based upon company, line of business and/or ind