This position will be
responsible for managing all aspects of a closed residential mortgage
construction loan all the way up to its modification or refinancing into a
permanent loan.
Essential Duties and
Responsibilities (Other duties may be assigned.)
* Builder vetting:
- Begin interfacing with a new builder to obtain all documents
required to vet and approve a builder. Present the builder approval
package to Manager of Mortgage Operations for approval. - Maintain a log and record of all approved/excluded builders with
an objective to re-vet a builder as required.
* Draw management:
- Introduce self to a builder's draw request personnel and serve as
a single point of contact at First Community Bank (FCB) for all draw
related matters. - Initiate inspection request upon receiving a draw request.
- Track and monitor SLA(s) of each inspector with a view to terminating
those failing to adhere to them. - Track, monitor and report on draw turn times with an objective to
maintain tight SLAs to enable FCB's MLOs to highlight our expedited draw
times as a key value proposition when soliciting new builders for
business. - Post the draw amount on Horizon while adhering to a strict SLA.
- Calculate each draw amount with 100% accuracy.
- Engage an MLO as an escalation/clarification on an exception basis
as required.
* Maturing loans and Modifications:
- Track, monitor and report construction loans while in their
project phase to alert the Operations Manager on loans nearing maturity
period with less than expected completion percentage. Process the loan
extension agreement as required and monitor it until the home's
completion. - Engage the modifications expert on the team to provide them a line
of sight to homes nearing completion so that they can begin the
modification phase.
* Monitoring,
Tracking and Reporting working reports and management reports pertaining to
draws, inspections and modifications.
* Bachelor's degree in business, accounting or related
field and 3 to 5 years of residential mortgage banking experience, or an equivalent
combination of education and experience.
* Strong problem-solving skills.
* Excellent verbal/ written communication skills.
* Ability to compute moderately complex math
calculations.
* Proficiency in Built, Encompass, Microsoft Excel, Word
and FIS/Horizon.
FIRST COMMUNITY BANK (SC) is an EEO Employer - M/F/Disability/Protected Veteran Status