First Bank
  • 28-Feb-2018 to 29-Apr-2018 (EST)
  • Mortgage Loans
  • Greensboro, NC, USA
  • Salary
  • Full Time

Comprehensive Medical, Dental, Vision Insurance. 401k Plan with generous Employer Match, Short and Long-term Disability Insurance. Employer provided Life and Accidental Health and Dismemberment Insurance, Voluntary Supplemental Life Insurance coverage, Health Care and Dependent Care Flexible Spending Accounts,Paid Vacation, Paid Time Off, Family-oriented culture that values work/life balance.


The Position of Residential Mortgage Construction Administrator is responsible for performing assigned duties relating to the administration of construction in a timely, accurate and professional manner to mitigate loss and expense exposure to the Bank.


  • Performs initial setup of loan on servicing platform.
  • Ensures accuracy of system setup and performs any needed maintenance to the loan throughout the construction period.
  • Establishes and maintains construction loan draw accounts, coordinates inspections and calculates draw requests for borrower/builder approval.
  • Determines if draw requests are appropriate based on current and previous draw requests.
  • Reviews inspection reports and challenges if necessary.
  • Works with the general contractor and borrower by telephone and email to establish loan advance procedures and throughout the construction process through modification to permanent financing. Prepares checks, wires or deposits into checking account for the distribution of draw proceeds.
  • Coordinates with department management, MLO, builder, and borrower to resolve any issues.
  • Retains loan advance supporting documentation within the loan file.
  • Monitors loan maturities and coordinates with department management any extension request.
  • Monitors outstanding receivables for interest.
  • Verifies that the loan remains in balance.
  • Continually maintains Construction Loan Manager Data to ensure construction project is on schedule and line items balance.
  • Reviews all relevant construction loan documentation, and determines all construction loan requirements are being met during the disbursement phase.
  • At construction completion orders final inspection, requests certificate of occupancy and proof of permanent hazard policy.
  • Must have excellent time management and organizational skills.
  • Completes annual compliance courses.


  • Adheres specifically to all corporate policies and procedures.  Also adheres to Federal and State regulations and laws including the Bank Secrecy Act.
  • Performs additional duties and responsibilities as directed.



Knowledge & Experience: These specifications are general guidelines based on the minimum experience normally considered essential to the satisfactory performance of this position. The requirements listed below are representative of the knowledge, skill and/or ability required to perform the position in a satisfactory manner. Individual abilities may result in some deviation from these guidelines.


High school diploma or general education degree (GED); work related experience should consist of a minimum of 2 years' experience in residential mortgage loans. Educational experience, through in-house training sessions, formal school or financial industry related curriculum, should be business or financial industry related.


Physical Demands/Work Environment: Vision, hearing and speech are required. Individuals must have the ability to work with detailed information in a concentrated manner.  

The environment for this position is an open office that is mostly clean and comfortable. It may include some minor annoyances such as noise, odors, drafts, etc. The incumbent is in a non-confined office-type setting in which he or she is free to move about at will. 

The incumbent in the course of performing this position spends time writing, typing, speaking, listening, lifting (up to approximately 25 pounds), carrying, seeing (such as close, color and peripheral vision, depth perception and adjusted focus), sitting, pulling, walking, standing, squatting, kneeling and reaching. 

The incumbent for this position may operate any or all of the following: telephone, copy and fax machines, adding machine (calculator), typewriter, computer terminal, personal computer and related printers. 

The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job.  

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. 

Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.  


Mental Requirements: Vision, hearing, and speech are required. Individuals must have the ability to work with detailed information in a concentrated manner. The ability to utilize the computer and/or calculator is necessary. Must have reliable transportation and a valid driver's license is preferred. 

The incumbent in this position must be able to accommodate to reading documents or instruments, detailed work, problem solving, customer contact, reasoning, math, language, presentations, verbal and written communication, analytical reasoning, stress, training, multiple concurrent tasks, and constant interruptions.

First Bank
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