Construction Loan Administrative Specialist

***No agencies or 3rd party Recruiters please. Thank you! ***

Who we are:

Cornerstone Home Lending, a division of Cornerstone Capital Bank, is a unique national home lender with a reputation of amazing service, customer satisfaction, employee retention, and happiness. We employ people who are passionately committed to Cornerstone's Mission, Vision & Core Convictions. Our brand is known for on-time closings - a key core conviction of Cornerstone. We have successfully navigated our company through many industry cycles and changes in regulations.

We honor God by using our talents to make a positive difference in the lives of our Team Members, Clients, Shareholders, Communities, and the People who provide services to us.

Who we are looking for:

We are seeking a Construction Loan Administrative Specialist to join our Construction Lending team!

Responsibilities:

• Communicates with internal and external customers (borrowers, closing agents, loan officers, underwriters, post-closing coordinators, Realtors, builders, etc.) to successfully coordinate functions in the loan's construction disbursement phase.
• Orders, collects and reviews construction loan documents to ensure conformity with established guidelines and regulations.
• Facilitates the accurate and timely disbursement of construction funds and performs required disbursement accounting and analysis.
• Ensures construction projects are adequately insured at all times.
• Coordinates the builder review process, including file set-up, verification of referrals and credit reporting.
• Administers the modification of loan terms, interest rate lock confirmation, document preparation, fee and document collection and transfer to other departments.
• Completes the loan set-up process and conversion from the disbursement phase to permanent phase.
• Responsible for strict adherence to all compliance and regulatory requirements as well as department policies and procedures.

Qualifications:

• Three or more years' experience with a lender with a focus on construction lending and draw monitoring.
• Experience with complex Excel spreadsheets.
• Possess significant experience with construction practices, contractor pay applications, project monitoring of single family residential real estate.
• Ability to analyze information to recommend, plan and implement processes, technology, etc.
• Understanding of operational risk management and control methodologies and applicable regulations.
• Effectively communicate and interact with all levels of the organization.

What we offer:

Because we recognize and reward hard work, we offer a competitive salary and a full benefits package.

What to do next:

If Cornerstone sounds like the place for you (and if you have the qualifications, drive, and passion to match), we invite you to become a member of our winning team! And remember, once you're a part of our Cornerstone team, we'll continue to invest in you as a valuable asset to our company. As many of our team members can tell you, there's something special about working at Cornerstone.