Real Estate Construction Loan Administrator (Remote)

Davita Inc.; Raleigh (NC); Remote; USD 60,000 - 85,000; Full time

Job summary

A leading company is seeking a Construction Loan Administrator to manage the loan process from oversight to documentation accuracy. This vital role ensures compliance with Bank standards and assists management in navigating complex transactions. Ideal candidates will have a Bachelor's or relevant experience in Commercial Loan Administration.

Qualifications

• 2 years of experience in Commercial or SBA Loan Administration or 6 years with a diploma.
• Experience in Centralized Commercial Real Estate Administration preferred.
• Familiarity with Construction and SBA servicing or closing.

Responsibilities

• Monitors the construction loan process with internal stakeholders.
• Reviews loan documentation for compliance with standards.
• Coordinates with third-party inspectors and title agents.

Skills

Loan Documentation

Project Coordination

Risk Evaluation

Education

Bachelor's Degree in relevant field

High School Diploma or GED

Job description

Overview

This is a remote role that may only be hired in the following locations: NC, SC, GA, VA

This position provides oversight and administration of the construction loan process for all assigned loans. Collaborates with internal stakeholders to define monitoring requirements, engages third-party inspectors and title agents as needed, and reviews all documentation to ensure compliance with Bank standards and regulations. Evaluates construction loan risks and rewards to provide guidance on owner-occupied real estate transactions, and may assist management with more complex initiatives.

Responsibilities

• Process Oversight - Monitors the construction loan process. Forms a full understanding of project scope and monitoring requirements through collaboration with internal stakeholders. Reviews the risk and rewards associated with construction loans to provide guidance on appropriate credit structuring.
• Loan Documentation - Reviews all documentation associated with the construction loan process to ensure accuracy, completeness, and compliance with Bank standards and regulations. Communicates deficiencies to the appropriate parties.
• Coordination - Engages third-party inspectors and title agents as needed to ensure portfolios are supported with all necessary documentation, evaluations, and other crucial information. Assists in coordinating the various steps and needs of construction loan processing to streamline transactions.
• Business Support - Assists management with additional tasks related to the construction loan process, which may include involvement in more complex transactions. Monitors and reports on daily activities to aid leadership awareness of results.

Qualifications

Bachelor's Degree and 2 years of experience in Commercial or SBA Loan Administration OR High School Diploma or GED and 6 years of experience in Commercial or SBA Loan Administration.

Preferred Area of Experience: Centralized Commercial Real Estate Administration, Construction, SBA servicing or closing background.

Benefits are an integral part of total rewards and First Citizens Bank is committed to providing a competitive, thoughtfully designed and quality benefits program to meet the needs of our associates. More information can be found at https://jobs.firstcitizens.com/benefits.