Construction Lending Administrator
Location: Franklin, Tennessee
Description: First Horizon is employing Construction Lending Administrator right now, this job will be delegated in Tennessee. Further informations about this job opportunity please read the description below. Title experience is preferred.
Coordinate closing of commercial real estate/construction loans. Analyze construction disbursement requests, funding in compliance with Credit approvals, loan documentation, and established procedures. Assure proper administration of assigned portfolio. Analyze construction disbursement requests, funding in compliance with Credit approvals, loan documentation, and established procedures. Assure proper administration of assigned portfolio.
30% Coordinate closing of real estate loans (including the most complex), communicating with the RM, borrower, attorneys, title representatives, and construction consultant to assure the loan is closed and documented in accordance with the credit approval. 40% Analyze and fund construction loan advance requests and appropriate backup documentation as presented by the customer, including construction inspection reports, title down dates, and other relevant construction documentation; focusing on construction related risk, budget adequacy, and adherence to loan documentation, takeout agreement and lease requirements. 20% Ensure the terms and conditions of assigned portfolio are properly monitored and corrective action/resolution proactively pursued; including critical dates (e.g., insurance, project completion, lease commencements, takeout requirements), past dues, documentation exceptions. 10% Maintain commercial loan system data integrity to accurately reflect loan file contents, as well as to ensure accurate management reporting.
Requirements Days: Monday-Friday Hours: 8:00am-5:00pm
Requires prior experience and operates under moderate to minimal supervision. Knowledge of procedures relating to job responsibilities. Proficient at applicable computer system.
Title experience is preferred.
At least 4-6 years of construction loan administration experience or the equivalent in education and experience.
Bachelor's degree required
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If you were eligible to this job, please give us your resume, with salary requirements and a resume to First Horizon.
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This job will be opened on: Tue, 17 Jul 2012 01:42:51 GMT
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