Loan Associate I- Construction

Loan Associate I – Construction Loan Servicing

Department: Loan Center

Employment Status: Hourly, Non-Exempt - Benefited

Location(s): Lodi

Supervises Others: No

Posting Date: Salary: $22.90 - $26.33 (Commensurate with experience and qualifications)

The Loan Associate position is an experienced level position responsible for handling complex construction and development loans/draws including the reallocating of budget line items, reviewing draw invoices, ensuring applicable lien releases/title endorsements are provided and general ledger reconciliation.

Major Responsibilities

• Responsible for the review and processing of timely construction loan draws to confirm compliance with all related requirements and supporting documentation. Able to initiate timely interest reserve draws and processing payments and be able to balance interest payments.
• Verifies required equity by way of inspections, invoices, and cancelled checks to ensure equity corresponds with the approved budget.

• Interfaces with title companies relative to lien and endorsement issues.

• Update desk procedures as changes occur or as issues arise; create new desk procedures as job tasks change
• Possess an exceptional customer service attitude and have a “sense of urgency” when dealing with others.
• Research customer loan information when needed.
• Other job responsibilities as assigned.

Requirements

Skills

• Must be detail-oriented while adjusting to possible interruptions and changing business conditions.
• Ability to organize work, prioritize workflow and complete multiple tasks simultaneously and accurately.
• Must have above average written and verbal communication skills.
• Must demonstrate ability to exercise good judgment, initiative and tact in dealing with customers.
• Must have the ability to quickly learn the Banks closing process, specific documents, and be able to respond effectively to customer inquiries and questions.
• Must maintain total customer confidentiality.
• Good communication skills

F&M Bank - We are an equal opportunity employer - This organization participates in E-Verify - Esta Organización Participa en E-Verify