RCN Capital - Elite Commercial Servicing is seeking a Construction Loan Draw Processor to join our Loan Servicing team. The Loan Draw Processor will be responsible for managing the draw process including ordering and reviewing inspections and managing and tracking disbursements and ACH .
The ideal candidate will possess knowledge of the lending life cycle and will be able to multi-task in a fast paced environment. Needed skills include the ability to perform accurate data input into a variety of software platforms; and general knowledge of loan files and documents. Those with some real estate or construction background would be well-suited to the role, but we will teach you what you need! To be successful in this role, a candidate should be able to assume responsibility, display initiative, and exercise good judgment; and make and act upon decisions with minimal supervision is essential.
This is a great opportunity for someone with a processing background to expand or use their knowledge in the real estate field and/or commercial lending to assist our borrowers and investors with an important aspect their rehab project loans.
Position offers hybrid scheduling options (on-site, with partial remote work available) following completion of training and specialist's demonstrated ability to manage their job processes independently and accurately.
Primary Responsibilities:
Construction Draw Funding
- Maintain draw process
- Order and review construction inspections
- Ensure work is being performed as agreed
- Manage wire/ACH disbursements to borrowers
- Monitor disbursements
- Order and Review Title run-downs/request
- Request and review homeowner's policies
Routine/Condition Inspections
- Order inspections
- Monitor Collateral Assets for deterioration
- Assist with payoffs as needed
- Other duties and responsibilities as assigned
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