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Who we are looking for:
We are seeking an experienced Commercial Construction Loan Administrator who will manage complex residential construction, commercial construction, and land development loans.
What you'll do:
- Administer construction loan portfolio. Process loan advances and reductions, track insurance, quote payoff figures, and apply interest payments.
- Construction monitoring of both residential and commercial loans.
- Coordinate all site inspections for loan draws relating to the construction loans and title bringdowns.
- Ability to establish draw schedules and budget tracking based on the requirements of the loan approval, loan documents, and construction contract (if applicable).
- Careful review of draw requests to identify possible budget problems and elevate to supervisors with recommendations for resolution.
- Review inspection reports and draw documents for accuracy and conformance with the budget, loan approval, and Loan Agreement.
- Approve draws jointly with loan officers.
- Work with the title company to obtain Partial Satisfaction Certificates for processing within 30 days of receipt of payment.
- Understanding of AIA construction documents, and the ability to identify and elevate issues contrary to documentation.
- Administration of participation loans, both purchased and sold.
What you'll need to be successful:
Success in this job relies on your time management skills, organization, and positive attitude. In addition, you'll need the following qualifications:
- High School diploma, GED, or equivalent work experience
- Minimum 5 years related work experience
- Strong attention to detail and accuracy
- Exercise sound judgment, and excellent independent decision-making skills.
- Provide excellent customer service to both internal and external customers.
- Ability to adhere to set turnaround time on all draw requests.
- Well-organized and detail-oriented
- A strong commitment to customer service and the ability to work quickly and accurately under constant deadlines.
- Strong computer and technology-related skills
- Proficient using Microsoft Office Suite (Word, Excel, Outlook, etc.)
Who we are:
Cornerstone Capital Bank is a new bank, with over $330 million in capital and $2 billion in total assets, and arises from the combination of mortgage industry giant Cornerstone Home Lending and community banking standout Roscoe State Bank. You'll be on the front end of working for an innovative large community bank that is a leader in mortgage lending and community banking and growing in middle-market commercial and real estate lending.
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.
What we offer:
Because we recognize and reward hard work, we offer a competitive salary, a full benefits package, and the potential for a performance-based bonus.
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 part of our Cornerstone family, we'll continue to invest in you as a valuable asset in our company. As many of our team members can tell you, there's something special about working at Cornerstone.
As an Equal Opportunity Employer, the Company prohibits discrimination against any applicant or Team Member based on any legally- recognized basis, including, but not limited to race, color, religion, sex, pregnancy (including lactation, childbirth or related medical conditions), sexual orientation, gender identity and expression, age (40 and over), national origin or ancestry, citizenship status, physical or mental disability, genetic information (including testing and characteristics), veteran status, uniformed servicemember status or any other status protected by federal, state or local law. Our commitment to equal opportunity employment applies to all persons involved in our operations and prohibits unlawful discrimination by any Team Member, including supervisors and co-workers. This policy applies to all aspects of employment, including recruitment, advancement, promotion, demotion, discipline, layoff, termination, salary and wage consideration and Team Member benefits.
As such, all Team Members are expected to embrace our corporate philosophy that supports fairness and respect for everyone. It is the responsibility of ALL Team Members to conduct themselves in a manner that reflects the high standards of quality and professionalism our Team Members, and that our customers have come to expect. Equally important is the fair and equitable treatment of fellow Team Members and of our clients. The Company will not permit, condone, or tolerate prohibited discrimination in any form.