Draw Administrator

April 11

🏈 Ohio – Remote

Although this job is listed in Ohio, this company may be open to hiring remote in other states.

💵 $21 - $23 / hour

⏰ Full Time

🟡 Mid-level

🟠 Senior

🖥️ Administration

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CrossCountry Mortgage, LLC

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CrossCountry Mortgage, LLC is one of America’s leading retail mortgage lenders, providing a range of mortgage solutions for homebuyers, homeowners looking to refinance, and those seeking home equity loans. They offer a comprehensive suite of services including home purchase loans, mortgage refinancing, and home equity lines of credit (HELOC). The company prides itself on helping clients navigate the home buying process with ease, whether they are first-time buyers or seasoned investors. Known for their competitive interest rates and efficient loan processing, CrossCountry Mortgage aims to support their clients in achieving their home ownership and financial goals.

Conventional Mortgages • FHA & 203K Home Loans • USDA Home Loans • VA Home Loans • Jumbo Mortgages

5001 - 10000 employees

💸 Finance

💰 $400M Debt Financing on 2021-11

📋 Description

• The Draw Administrator is responsible for draw administration and tasks associated with construction and renovation loan administration. • Tasks include, but not limited to, the review of construction contracts, vetting of contractors, ensuring working completion dates followed, understanding construction terms as they relate to the loan process, following project budgets, and making recommendations on draw requests. • Manage and maintain the residential construction and renovation loan disbursement process. • Transfer loans from loan origination system to draw administration system. • Assemble draw packages. • Track lien releases and/or sworn statements. • Monitor each line item in the project budget by utilizing spreadsheets and systems. • Order and coordinate inspections (internal and external). • Order title updates, verify lien position, and order surveys as required. • Maintain tracking logs on projects, draw status, outstanding or incomplete work. • Update notes with any communication and status within draw system. • Communicate with the contractor, borrower, loan originator, and others with the status and results of construction draws. • Disburse draws within allotted timeframes set by agency and lender. • Review construction contracts and renovation bids. • Perform required checks on contractors; review contractors and builders per lender vetting process. • Maintain contractor and builder acceptance lists. • Monitor builders risk insurance during renovation and construction of property to convert to HOI. • Performs such other duties as required.

🎯 Requirements

• High School diploma or equivalent • 5 years of mortgage residential real estate or construction lending experience, preferred • Knowledge of Encompass and Land Gorilla Construction Loan Manager, preferred • Familiarity with and ability to obtain required state/county/city permit/license requirements • Proficient math and analytical skills • Excellent communication and problem solving skills • Excellent prioritization and time management skills • Proficient with Microsoft Outlook, Excel, Word and Windows

🏖️ Benefits

• Medical • Dental • Vision • 401K • Company-provided short-term disability • Employee assistance program • Wellness program