Construction Loan Specialist

First Horizon • Orlando, FL

1d • Onsite

About The Position

Review Commercial Real Estate Loan Approval for construction terms and requirements and confirm they are consistent with draft Loan Closing Documents. Work with Line of Business to review the Loan Closing Checklist and construction related documents received meet conditions of Approval Request and review bids from 3 rd . party Construction Consultant(s) when required. Review and approve any Up Front and monthly reports as provided by Consultant. Review and approve all required construction documents, provide comments, and forward to 3 rd . party consultant as required by policy and/or procedures. Communicate effectively with Lenders, Borrowers, Attorneys, Title Companies, General Contractors, Consultants, and Agents to ensure proper construction documentation is received for Loan Closings and Draw Requests. Provide primary support and partnership to RMs and PMs to ensure construction loans maintain strong quality, while facilitating risk control measures for the Bank. Maintain and update project budgets as approved at closing, track changes and ensure funds are sufficient to complete the project. Approve loan Budget changes within established limits or refer loan to Team Lead, RM or RCA as applicable for further approval/override as provided by Policy. Review and approve Draw Requests and supporting documents as submitted by Borrower, within established limits or refer to Team Lead for additional approval Enter information to construction loan software to facilitate disbursement of loan funds within the established SLA. Coordinate draw requests with participants, junior lenders and agents for syndicated/participated loans . Ensure compliance with approved Policies and Procedures. Manage applicable loan exceptions. Monitor requirements as provided by executed leases and permanent lenders. Maintain a working regulatory knowledge regarding, Flood Insurance, General Insurance, Title Issues, Mechanics Lien Law, Survey’s and Bank Loan Documentation Maintain and update construction loan tracking system and document uploads as appropriate. Assist lower level Construction Loan Specialists as needed Perform all other duties as assigned

Requirements

• High School Diploma Required
• Three to Five years of direct experience in commercial construction lending or Five to Seven years of relevant work experience in commercial lending and documentation

Nice To Haves

• Considerable knowledge of operation functions, systems, policies and procedures for the assigned area
• In-depth understanding and practical application of state statutes, laws and federal regulations
• Excellent organizational, and project management skills
• Well-developed customer relations skills
• Excellent interpersonal, verbal and written communication skills
• Ability to manage multiple tasks/projects and deadlines simultaneously
• Thorough knowledge of banking operations and commercial credits
• Bachelor's degree preferred

Responsibilities

• Review Commercial Real Estate Loan Approval for construction terms and requirements
• Work with Line of Business to review the Loan Closing Checklist
• Review and approve any Up Front and monthly reports as provided by Consultant
• Review and approve all required construction documents
• Communicate effectively with Lenders, Borrowers, Attorneys, Title Companies, General Contractors, Consultants, and Agents
• Maintain and update project budgets
• Approve loan Budget changes within established limits
• Review and approve Draw Requests and supporting documents as submitted by Borrower, within established limits
• Enter information to construction loan software to facilitate disbursement of loan funds within the established SLA
• Coordinate draw requests with participants, junior lenders and agents for syndicated/participated loans
• Ensure compliance with approved Policies and Procedures
• Manage applicable loan exceptions
• Monitor requirements as provided by executed leases and permanent lenders
• Maintain a working regulatory knowledge regarding, Flood Insurance, General Insurance, Title Issues, Mechanics Lien Law, Survey’s and Bank Loan Documentation
• Maintain and update construction loan tracking system and document uploads as appropriate
• Assist lower level Construction Loan Specialists as needed
• Perform all other duties as assigned

Benefits

• Medical with wellness incentives, dental, and vision
• HSA with company match
• Maternity and parental leave
• Tuition reimbursement
• Mentor program
• 401(k) with 6% match

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: High school or GED