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Construction Operations Supervisor in Fort Worth, TX at Colonial Savings

Date Posted: 10/8/2018

Job Snapshot

Job Description


Company:  Colonial Savings 

 

Job Title: Construction Operations Supervisor 

City: Fort Worth / State: Texas  

   

 


 

Job Title: Construction Operations Supervisor 

 


 

Job Description

As the Construction Operations Supervisor with Colonial, you will coordinate the Construction Lending Process between Loan Originators, Processing, Underwriting, and Builders.

Responsibilities:

    • Duties will include staff development, time card management and employee reviews
    • Pipeline Management of all loans under construction to include interest rate lock dates and Maturity dates
    • Loan Committee duties including: checking credit approval for Colonial/investor; guidelines for single-close/rehab; reviewing loan worksheet, cost breakdown, builder, and borrower information; assessing risk of overall transaction; obtaining approval in accordance with Loan Committee authorization levels; inputting approval data in systems, and filing data
    • Builder/Contractor Review duties include: processing Builder/Contractor Questionnaires for program acceptance; ordering credit reports if applicable; sending Vendor Verifications; reviewing info to determine risk; obtaining Management approval; and communicate decision with LO
    • Basic Draw Function duties include: contacting Builder/Contractor at file approval to discuss Draw Schedule and prepare start-up draw; setting up new Draw Schedules; ordering Inspections; completing Draw Disbursements; verify all required documentation in file: W-9, insurance, wire instructions, etc.; ordering Final Disbursement Docs; reviewing final docs: insurance, title endorsements, survey, affidavits; and review, approve/reject/amend disbursements-discuss w/ builder and/or borrower as required
    • Closing duties include: reviewing commitment, survey, tax certs, Closing Information Sheet, lock information, other requirements for closing; inputting closing information in Empower; completing Document Prep in PPDocs; reviewing/forwarding documents; reviewing/finalizing LE/CD; reviewing/approving executed documents; funding and disbursement; secondary review of closing package; and accounting/reconcilement
    • Loan Modification with and without Re-Qualification duties include: preparing modification packages for borrowers; collecting/processing accounting entries; secondary review of completed Modification Package; and shipping files to Investor Accounting
    • Responsibility for customer/builder interest statements; loan servicing to include draws, payments, and escrows; Money Market account management; processing all invoices for payment; 1099 Corrections
    • Other duties as assigned

 

Job Requirements

Requirements:

    • 2+ years recent Construction Lending experience, with a focus on One Time Close, Rehab and Builder Construction or
    • 3+ years mortgage experience
    • Strong knowledge of title requirements
    • Strong knowledge of construction accounting principles
    • Strong interpersonal skills, including the ability to work successfully with LO’s, Builders, and Borrowers
    • Working knowledge of software processing systems
    • Experience in disbursement schedules/change orders
    • Ability to establish workflow through initial disclosures, processing, appraisal ordering,
    • underwriting, title work, and closing
    • Advanced organizational skills, including the ability to plan work activities and stay on schedule
    • Ability to communicate effectively, both orally and in writing
    • Computer proficiency, including Word, Excel, Outlook, and Internet Explorer
    • Ability to perform multiple tasks and prioritize responsibilities in a dynamic, fast paced working environment

 

 

 

Please be advised that depending on your current position, additional background screening may be required.

Equal Opportunity Employer

M/F/Disability/Vet.