Skip navigation
Unable to save this job. Please try again later.

{msg}

Email this Job to Yourself or a Friend

To begin the application process, please enter your email address.

Company Contact Info

  • Baltimore, MD

Already have an account?

Sign in to apply with your saved resumes.

New to CareerBuilder?

Don't have an account? Continue as a guest!

Sorry, we cannot save or unsave this job right now.

Report this Job

Trust and Site Security Team.

Don't miss out on new jobs!

Get the latest Credit Administrator (Business and Financial Operations) jobs in Baltimore, MD delivered directly to your inbox. You can unsubscribe at any time.

Saving Your Job Alert

Job Alert Saved!

Could not save Job Alert!

You have too many Job Alerts!

This email address has reached the maximum of 5 email alerts. To create a new alert, you will need to log into your email and unsubscribe from at least one.

Sign Up

or   Sign In Here
Password Must Contain
• 
8 to 15 characters
• 
1 uppercase letter
• 
1 number or symbol
• 
1 lowercase letter
Cancel
Create an Account with CareerBuilder to save jobs & unlock these great features
See similar job titles and skills to help you make your next move
Upload a resume and become visible to Hiring Managers and Employers
Compare Salary Information to see where you stand amongst your peers
Easily Quick Apply to jobs with just one click!

Email Send Failed!

Construction Loan Administrator I - 3DH60

M&T Bank • Baltimore, MD

Posted 10 days ago

Job Snapshot

Full-Time
Degree - 4 Year Degree
Banking - Financial Services
Banking, Finance, Construction, Management

Job Description

Basic Function: Responsible for closing, servicing, and asset management of an assigned portfolio of commercial real estate and/or multifamily residential construction loans originated by Commercial lenders. Serves as primary point of contact for borrowers, lenders, and third party vendors to resolve construction loan-related questions and issues. May assist with department-wide projects and initiatives, as required by management.   Responsibilities:
•         Review commitment letters and underwriting files, complete escrow analyses, review closing statements, work with closing attorney, borrower, investors and participants, and coordinate post-closing follow-up for construction loans to ensure completeness of requirements before loan fundings/disbursements.
•         Regularly review, analyze, and process draw requests, budget reallocations, and lot releases for commercial real estate and/or multifamily construction loans based on project completion. Coordinate funding of loan settlements and regular draw takedowns with the appropriate internal departments and external investors/participants.
•         Manage fundings and payments and collect and analyze loan documentation for a portfolio of commercial real estate and/or multifamily residential construction loans.
•         Identify critical risks or project setbacks through careful analysis of submitted documentation, such as budget allocations, title documentation, site inspections, etc. Work with contractors, sub-contractors, vendors, engineers/inspectors, attorneys, Relationship Manager, and borrower to acquire necessary documentation and resolve any project issues that arise.
•         Monitor loan payments, tax payments, and insurance coverage and premium payments to ensure they are being paid; communicate with borrower on erroneous or late payments to ensure resolution.
•         Request, review and analyze operating statements, rent rolls and other documentation related to the financial condition of the property.
•         Follow-up with Relationship Manager/borrowers regarding any clarification questions on information provided.
•         Communicate with the Relationship Manager/borrower regarding any deficiencies or issues discovered during analysis of all submitted documentation to ensure completeness and accuracy of all documentation supporting the loan.
•         Participate in department-wide special projects and initiatives, as needed.
•         Complete other related duties as assigned.
•         The position is responsible for servicing commercial real estate and/or multifamily residential construction loans and is critical to the day-to-day operations of the business. The position works directly with the lender, borrower, and third party vendors to ensure all construction projects adhere to the conditions outlined in the Loan Agreement, follow regulatory standards, and maintain the approved schedule and budget within Credit Policy. When not adhered to, the position discusses the specific situation with the Relationship Manager to determine the proper handling.
•         The position is the primary contact for obtaining documentation from the borrower and third party vendors throughout the construction period of the loan. The position is responsible for hands-on management of the loan, including managing site inspections, draw request analysis/processing, budget analysis/oversight, and monitoring monthly payments and tax and insurance requirements.
•         The position is responsible for owning or participating in a customer relationship while providing a positive customer experience and high level of expertise to help ensure all construction projects are managed smoothly.
•         The Administrator position may receive support from more experienced personnel within the team.   Basic Qualifications:
•         Bachelor’s degree or in lieu of a degree a minimum of four years’ work experience
•         Minimum two years proven commercial real estate and multifamily loan closing, asset management, loan administration or underwriting experience or equivalent
•         Proficiency with personal computers as well as pertinent software packages, loan information systems and internet applications
•         Strong analytical, organizational, and verbal and written communications skills
•         Ability to interact with all levels of personnel
•         Detail-oriented
•         Ability to be a team player   Ideal Qualifications:
•         Previous bank experience in commercial real estate and multifamily residential construction monitoring, loan administration, or loan workout.
•         Knowledge of Bank policies, procedures and banking regulations   About M&T At M&T, we strive to be the best place our employees ever work, the best bank our customers ever do business with and the best investment our shareholders ever make. So when looking to advance your career, look to M&T.  As a top 20 US bank holding company and one of the best performing regional banks in the country, we offer a wide range of performance based career development opportunities for talented professionals. And through our longstanding tradition of careful, conservative and consistent management and a strong commitment to the communities we serve, we continue to grow with a focus on the future.    Apply today at www.mtb.com/careers! 'Relevant Military Experience is Desired'
'Relevant Military Experience is Desired'
 
M&T Bank Corporation is an Equal Opportunity/Affirmative Action Employer.
M&T Bank Corporation does not sponsor individuals for the purpose of obtaining H-1 Visas.
M&T Bank Corporation has policies and procedures in place to promote a drug free workplace.
Job ID: 3DH60
Help us improve CareerBuilder by providing feedback about this job: Report this Job.
CAREERBUILDER TIP
For your privacy and protection, when applying to a job online, never give your social security number to a prospective employer, provide credit card or bank account information, or perform any sort of monetary transaction. Learn more.
By applying to a job using CareerBuilder you are agreeing to comply with and be subject to the CareerBuilder Terms and Conditions for use of our website. To use our website, you must agree with the Terms and Conditions and both meet and comply with their provisions.
Don't miss out on new jobs like this
Get the latest jobs delivered to your inbox. Unsubscribe at any time.

Saving Your Job Alert

Job Alert Created

Well, this is embarrassing. We are having trouble saving your search. You can try again or come back at a later time.

Maximum Email Alerts

This email address has reached the maximum of 5 email alerts. To create a new alert, you will need to log into your email and unsubscribe from at least one.