Construction Loan Servicing Relationship Administrator II

Bank of America

3.2

(114)

Multiple Locations

Why you should apply for a job to Bank of America:

  • 57% say women are treated fairly and equally to men
  • 74% say the CEO supports gender diversity
  • Ratings are based on anonymous reviews by Fairygodboss members.
  • A competitive benefits and programs have earned us recognition by Working Mother magazine for more than 30 years.
  • Employee Financial Services offers U.S. employees financial education and special access to financial products, services and expertise.
  • Offers comprehensive domestic partner benefits to U.S. employees and incorporate sexual orientation into non-discrimination policies.
  • #JR-25023302

    Position summary

    can build a successful career with opportunities to learn, grow, and make an impact. Join us!

    Job Description:
    Leads the effort in the pre-closing and closing process on basic real estate loans, including construction, term, lines of credit, and letters of credit; and with some supervision, contributes to the processes on moderately complex to complex real estate loans, which may include syndications. Reviews loan approval and loan documents prepared by counsel to ensure consistency and adherence to requirements. Works closely with Client Manager, borrower, counsel, construction consultants and title companies. Monitors documentation requirements and exceptions, including interest and past dues. May contribute to the training of junior associates. Responsible for managing construction draw process, including reviewing construction draw packages, identifying and helping to resolve construction and title issues, keeping accurate records of loan budget, monitoring non-loan sources of funds for certain product types, and ensuring loan is in balance in accordance with approval. Has two or more years previous real estate loan administration experience or real estate paralegal experience; proficient computer skills, including Windows, Excel, Word and Outlook; excellent written and verbal communication skills; effective problem solving skills.

    Required Skills:

    • Finance or Accounting experience

    • Knowledge of CDB Construction Loans, LIQ and Aries is a plus

    • Understanding of regulatory requirements and credit and operational risk management

    • Excellent written and verbal communication skills

    • Ability to influence, effectively collaborate and coordinate servicing activities with a variety of business partners

    • Excellent organizational and time management skills with ability to simultaneously manage multiple loan disbursements, Service Modifications and competing priorities

    • Technically proficient, including Windows, Excel, Word and Outlook

    • Solution oriented problem solving skills

    Skills:

    • Adaptability

    • Prioritization

    • Problem Solving

    • Recording/Organizing Information

    • Data Collection and Entry

    • Financial Analysis

    • Oral Communications

    • Relationship Building

    • Written Communications

    • Data Management

    • Legal Structures and Legal Forms

    • Regulatory Compliance

    • Result Orientation

    Minimum Education Requirement: High School Diploma / GED / Secondary School or equivalent

    Shift:
    1st shift (United States of America)

    Hours Per Week:
    40

    Learn more about this role

    Why you should apply for a job to Bank of America:

  • 57% say women are treated fairly and equally to men
  • 74% say the CEO supports gender diversity
  • Ratings are based on anonymous reviews by Fairygodboss members.
  • A competitive benefits and programs have earned us recognition by Working Mother magazine for more than 30 years.
  • Employee Financial Services offers U.S. employees financial education and special access to financial products, services and expertise.
  • Offers comprehensive domestic partner benefits to U.S. employees and incorporate sexual orientation into non-discrimination policies.