Senior Construction Loan Servicing Specialist

Bank of America; Fort Worth (TX); On-site; USD 95,000 - 130,000; Full time

Job summary

Bank of America in Fort Worth, TX seeks an experienced professional to manage and service a portfolio of complex CRE construction loans. You will review draw packages, coordinate with borrowers, counsel, and title companies, and ensure compliance with loan documents throughout the life of the loan.

You will monitor budgets and funding sources, maintain detailed records, and work with various internal and external partners to deliver timely draw processing and high-quality client service.

Qualifications

• Five or more years of experience in Commercial Real Estate Construction Loan Servicing, Construction Loan Administration, or Construction Draw Administration.
• Strong knowledge of commercial construction lending concepts, including draw administration, budgets, lien waivers, title insurance, and funding sources.
• Experience monitoring and reconciling construction budgets, loan proceeds, borrower equity, and other funding sources.
• Ability to interpret and apply servicing requirements contained within loan documentation.
• Excellent interpersonal, time management, and written and verbal communications skills.

Responsibilities

• Primary contact for servicing activities, managing a portfolio of complex CRE construction loans.
• Review and process construction draw requests, including analysis of draw packages, lien waivers, and supporting documentation.
• Monitor budgets, funding activity, borrower equity contributions, and sources of funds for compliance.
• Identify, research, and resolve construction, title, documentation, and funding-related issues.
• Maintain accurate records and detailed tracking using Excel and servicing systems.

Skills

Adaptability

Prioritization

Problem Solving

Documentation

Relationship Building

Data Entry

Financial Analysis

Oral Communications

Written Communications

Data Management

Legal Knowledge

Regulatory Compliance

Result Orientation

Education

High School Diploma / GED / Secondary School or equivalent

Tools

LoanIQ

ARIES

Job description

Bank of America in Fort Worth, TX seeks an experienced professional to manage and service a portfolio of complex CRE construction loans. You will review draw packages, coordinate with borrowers, counsel, and title companies, and ensure compliance with loan documents throughout the life of the loan.

You will monitor budgets and funding sources, maintain detailed records, and work with various internal and external partners to deliver timely draw processing and high-quality client service.