Job Description:
Job Description:
Manages and services portfolio of complex real estate loans in support of Community Development Banking (Affordable Housing) and Commercial Real Estate lines of business. Majority of portfolio comprised of actively funding construction loans with low income housing tax credits, tax exempt bonds, and multiple co-lenders. Rest of portfolio comprised of actively funding loans for tenant improvements, leasing commissions and capital expenditures. Responsible for independently reviewing loan approval and loan documents prepared by legal counsel to ensure understanding of loan structure and servicing requirements. Works closely with loan closers, line of business and credit risk partners, borrower, co-lenders, subordinate lenders, legal counsel, construction consultants and inspectors, and title companies. Responsible for managing complex construction draw process, including reviewing construction draw packages, identifying and helping to resolve construction and title issues, keeping accurate records of loan budget, monitoring non-loan sources of funds for certain product types, and ensuring loan is in balance in accordance with approval. Monitors documentation benchmarks, servicing requirements and exceptions, including principal, interest, fees and past dues.
Required Skills:
~Two or more years of previous commercial construction real estate experience, including knowledge of construction loan documents, budget monitoring, AIAs, lien waivers, title, etc.; commercial loan administration experience a plus.
~Strong organizational and time management skills; excellent written and verbal communication skills.
~Ability to manage multiple and competing priorities and operate in an ambiguous environment or an environment where priorities may change quickly.
~Proficient computer skills, including Windows, Excel, Word and Outlook.
~Knowledge of Community Development Banking (Affordable Housing), LoanIQ, and ARIES a plus.
Desired Skills:
~Bachelors degree preferred.
Minimum Years of Experience:
2 years
1st shift (United States of America)
