Construction Loan Servicer (Draw/Disbursement Specialist), Home Builder

KeyBank Real Estate Capital (KBREC) is a line of business of Cleveland-based KeyCorp, one of the nation's largest bank-based financial services companies with assets of approximately $92 billion.  As one of the largest commercial real estate finance companies in the U.S., KBREC provides construction and interim financing, permanent placements, mezzanine and project equity for virtually all property types.

 

KBREC is the 3rd largest commercial real estate capital provider in the U.S., and is among the top retail development and multifamily lenders in the country.  It is ranked #1 in Freddie Mac Central Region originations, and is #3 in annual originations among U.S. financial service companies. 

 

With a portfolio in excess of $20 billion in permanent loans, KBREC is the nation's 4th largest mortgage loan servicer.

 

Office Environment/Benefits:

Vacation, Retirement Plan, Dental, Paid Time Off, Vision, Holidays, Discounts, Tuition Reimbursement, Stock Purchase Plan, Medical, Life, 401K, Prescription

 

Employment Opportunity:

Due to a growing business, we have an immediate opening for a Senior Construction Loan Servicer within our Home Builder Services team in Los Angeles, CA.

Job Requisition #PS222283

2029 Century Park East, Los Angeles, CA 90067

 

Essential Functions

Assists Relationship Manager and Closing Officer in pre-closing process by review of project and loan documents, attending meetings.

Assimilates and analyzes information necessary to establish complex loan and disbursement controls on bank systems.

Establishes and maintains draw files including collateral release document preparation and monitoring,  tenant rent roll verification, letter of credit issuance.

Reviews complex draw request for completeness and integrity of AIA and supporting documentation.

Analyzes budget and sources/uses of funds to identify exceptions or changes and conformity to standard monitoring requirements; involves third parties as required.

Approves draws and prepares forms and data entry necessary to process disbursement.

Identifies exceptions and obtains appropriate approvals as necessary.

Initiates and analyzes standard and custom monitoring requirements including title/tax update, insurance, inspection, survey, permits, inventory controls, holdbacks, and lease-up requirements.

Initiates financial and collateral transactions based on customer request or loan document provisions.

Analyzes and facilitates rate, commitment, and collateral changes, loan payments, DDA/Cash management services, and payoff instruction.

Maintains the integrity of data through input verification of loan system and update to file records.

Clearly and immediately communicates problems/issues to Servicing Team Leader or Relationship Manager.

Forms alliance with Relationship Managers to provide superior service to client base including achievement of goals for cash management services.

Provides expertise to Relationship Managers on system requirements and project status.  Proactively identifies and assists in resolving issues affecting client service and risk management.

Assists Servicing Team Leader with inquiries, research, problem resolution, and other tasks as assigned.

Provides expertise and mentorship to others by thorough understanding of business requirements of clients and loan related transactions.

 

Marginal Functions

Responsible for supporting client service functions required by credit and non-credit products offered by the Commercial Real Estate Division.

Responsible for all post-closing services for assigned portfolio of complex loans including participation and syndications.

Assists in overseeing and training Loan Service Associates and and other more junior Loan Servicers.

 

Required Skills

High school diploma and 3-5+ years construction draw/disbursement experience is imperative.

Practical knowledge of construction financing including commitment/loan structures, title/liens, documentation, and industry practices for draw processing and releases.

Solution-oriented with strong problem solving skills.

Experience with multi-bank loan participations and syndications.

Detail-oriented.

Aptitude for analysis, systems and mathematics.

Strong written and verbal communication skills.

Ability to handle multiple tasks in a high volume environment.

Familiarity with Commercial Loan Systems and Deposit Systems, AFS or Loan IQ experience a plus.

PC proficiency including strong familiarity with Microsoft Excel, Word and Access.

 

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