Construction Loan Servicer

Ullico•Silver Spring, MD

1d•$80,000 - $90,000

About The Position

Ullico, Inc., one of the nation’s largest sources for real estate first mortgage financing, is actively recruiting a Construction Loan Servicer to join a group that manages a $4.4 billion portfolio. Ullico’s Real Estate Debt Group offers construction and permanent debt financing for commercial real estate. This position will service Ullico’s commercial construction loan investment portfolio; from the loans closing to the loans project completion or loan payoff. This relates to both construction debt and construction equity accounts. Primary focus includes working with customers to obtain the required documentation necessary to advance draws as the project progresses. This is done by analyzing accounting data, ensuring the loan and project budget balances, obtaining missing documents required under their agreements and presenting a draw package for approval before processing the disbursements for release.

Requirements

Associate’s Degree or equivalent skills and/or experience required.
Three to five years’ experience with commercial real estate loan documents, loan systems, banking.
Intermediate level accounting skills are required.
High level of verbal and written communication skills is a must.
Strong ability to multitask and ability to meet funding deadlines.
Must be proficient in Excel and Word. (Candidates will be tested at an intermediate level.)

Responsibilities

Logging and tracking customer requests.
Determines independently the sufficiency of draw documents and initiate obtaining third party reports.
Review, analyze, evaluate and process construction loan disbursements.
Review and understanding of each customer’s loan agreement to identify conditions required prior to funding.
Identify missing documents that may be required and follow up to ensure receipt.
Track key dates for required events.
Communicate with internal and external customers to obtain information and to provide status updates.
Notify management of any inconsistencies or deficiencies in the disbursement process or any construction project related issues.
File organization: virtual and hard copy files.
Perform other similar and related duties as required.