Commercial Real Estate Loan Administrator

Job description

Description Summary: The Commercial Real Estate Loan Administrator will demonstrate an intermediate understanding of the commercial and construction loan process and support high-profile customers with complex credit and construction loan structures. Is responsible for timely and accurate administration of loan servicing for assigned customers. This senior colleague is to possess strong critical thinking and analytical skills and have an ability to effectively negotiate. They will also be responsible to review and be the secondary approver of construction draws and funds movement transactions processed by other Commercial Loan Administrators. Duties and Responsibilities: - Works with Loan Closing Specialists, Relationship and Portfolio Managers, pre- and post-closing, to review construction due diligence, evaluate the plan and cost review, identify and manage potential risk and issues for new construction loans. - Obtain and analyze construction documents such as inspection reports, waivers of lien, sworn statements, endorsement letters, and other items needed to determine appropriate amounts to be advanced. - First-line decision makers who will exercise discretion to mitigate issu...