Draw Administrator Analyst
Company: Flagstar Bank
Location: Lansing
Posted on: May 2, 2024
|
|
Job Description:
This position is the liaison between the borrower, builder and
possibly the draw administration vendor. The individual will be
responsible for issuing draws on all construction products and
renovation type products in addition to balancing the accounting of
funds within each loan. They will handle new loan set up packages,
which will include reaching out to both borrowers and builders. All
draw requests will be processed according to regulatory
requirements. The individual will manage their own draw pipeline,
which will include corresponding with borrowers and/or builders for
status updates on inactive projects. They will ensure the project
is completed within the allotted timeframe and may possibly assist
with the creation of an action plan for a stalled project. They
will be required to obtain title updates, surveys, inspections and
follow up on any outstanding invoices or lien waivers. The
individual may need to obtain additional builder documentation in
order to release a draw or close out a project. As the borrower's
liaison during the construction phase of the loan, the individual
may also have communication with the borrower pertaining to their
monthly payment, the amount due and any outstanding customer
service type questions.
Job Requirements:
Keywords: Flagstar Bank, Wyoming , Draw Administrator Analyst, Professions , Lansing, Michigan
Click
here to apply!
|