Mortgage Construction to Permanent Draw Specialist

Cadence Bank; Tupelo (MS); Remote; USD 35,000 - 55,000; Full time

Job summary

An established industry player seeks a dedicated professional to manage construction loan conversions and modifications. This role involves ensuring compliance with bank and investor guidelines while providing exceptional service to clients. The ideal candidate will possess strong analytical skills, a solid understanding of mortgage lending, and the ability to work under pressure. Join a diverse team that values creativity and problem-solving, and contribute to delivering an exceptional loan experience. If you are passionate about the mortgage industry and eager to learn, this is a fantastic opportunity for you.

Qualifications

• Minimum of one year in mortgage or construction lending operations preferred.
• Ability to analyze and process simple issues effectively.

Responsibilities

• Manage conversion and modification of construction loans.
• Ensure compliance with bank and investor guidelines.

Skills

Mortgage Lending Regulations

Customer Service

Analytical Skills

Microsoft Office Suite

Google Suite

Communication Skills

Education

High School Diploma

Tools

LoanServ

Encompass

Job description

Description

What The Role Is:

Responsible for compiling and reviewing documentation as part of the builder review process and handling modification/conversion functions for Construction Perm and Renovation Perms loans.

How You will Make an Impact: Majority of duties performed, but not meant to be all inclusive.

• Manage a pipeline of closed construction loans to complete conversion and modification functions of Construction Perm and Renovation Perm loans.


• Ensures timely conversion of closed loans from the construction phase to the permanent phase, quality of files, and compliance with established bank and investor guidelines.


• Collects fees and other costs from the borrower at conversion as needed.


• Prepares and submits file to underwriting for a credit decision as needed.


• Manages a pipeline of Builder Registration files. Compiles documentation, completes tasks, and submits to CP management for review.


• Responsible for maintaining Builder Registration.


• Reviews project documentation, such as contracts, plans, and specs, to ensure requirements are met. Works with sales and operations to resolve any outstanding deficiencies.


• Works with internal and external parties on a regular basis.

Who You Are

• High school diploma or equivalent.


• Minimum of one year mortgage, construction lending operations, or similar experience preferred, but not required.


• Ability to effectively analyze and process simple issues and develop appropriate solutions. Must be able to apply reasoning to variables in different situations.


• Ability to prioritize work assignments and to complete multiple tasks as needed.


• Must be able to work well under pressure and tight deadlines.


• Knowledge of mortgage lending regulations, policies and procedures, preferred, but not required.


• Must be able to read and interpret correspondence, documents, policy and procedures.


• Basic computer skills with Microsoft suite of products (Word, Teams, and Excel) and Google suite of products (Gmail, Google Sheets, Docs, Slides). Experience with LoanServ and Encompass a plus.


• Must be able to calculate figures and amounts such as amounts owed, discounts, interest, proportions, and percentages.


• Ability to work well with others to deliver an exceptional loan experience for all parties involved in the transaction.


• Excellent communication, customer service, and interpersonal skills.


• Regular and reliable attendance.


• Works cooperatively with others.

Remote within Alabama, Arkansas, Florida, Georgia, Louisiana, Mississippi, Missouri, Tennessee, and Texas.

If your experience aligns with this description, please consider applying. Many skills are transferable among industries and a passion for the role and willingness to learn are important considerations. We believe that a diverse workforce creates problem-solving and creative thinking, which is why we're dedicated to adding new perspectives to the team and encourage everyone to apply.

The above statements are intended to describe the general nature and level of the work being performed by people assigned to this work. This is not an exhaustive list of all duties and responsibilities. Cadence Management reserves the right to amend and change responsibilities to meet business and organizational needs as necessary.

Cadence Bank is an affirmative action/equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, religion, color, national origin, sex, age, status as a protected veteran, among other things, or status as a qualified individual with disability.

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Qualifications

Education

High School (required)

Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities

This employer is required to notify all applicants of their rights pursuant to federal employment laws.
For further information, please review the Know Your Rights notice from the Department of Labor.