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Full-time
high school
Posted 32d ago
~40 hrs/week
Responsibilities
The specialist manages the administration of residential non-commercial construction loans, including calculating draw requests and coordinating inspections. They ensure loan requirements are met throughout the disbursement phase and facilitate the transition to permanent financing.
Requirements
Candidates must have a high school diploma or GED and at least 2 years of experience in residential mortgage loans or loan operations. A valid driver's license and the ability to work in a professional office environment are required.
Full job description
SUMMARY:
The Position of Residential Mortgage Construction Specialist is responsible for performing assigned duties relating to the administration of residential, non-commercial construction in a timely, accurate and professional manner to mitigate loss and expense exposure to the Bank.
ESSENTIAL FUNCTIONS:
Establishes and maintains construction loan draw accounts, coordinates inspections and calculates draw requests for borrower/builder approval.
Determines if draw requests are appropriate based on current and previous draw requests.
Reviews inspection reports and challenges if necessary.
Works with the general contractor and borrower by available and compliant means to establish loan advance procedures and throughout the construction process finishing with modification to permanent financing. Prepares checks, wires or deposits into checking account for the distribution of draw proceeds.
Coordinates with department management, MLO, builder, and borrower to resolve any issues.
Retains loan advance supporting documentation within the loan file.
Monitors loan maturities and coordinates with department management any extension request.
Monitors outstanding receivables for interest.
Verifies that the loan remains in balance.
Continually maintains Construction Loan Manager Data to ensure construction project is on schedule and line items balance.
Reviews all relevant construction loan documentation, and determines all construction loan requirements are being met during the disbursement phase.
At construction completion orders final inspection, requests certificate of occupancy, title update, proof of permanent hazard policy and paid property taxes.
Must have excellent time management, organizational and customer service skills.
Completes annual compliance courses.
Adheres specifically to all corporate policies and procedures. Also adheres to Federal and State regulations and laws; including, the Bank Secrecy Act and the Anti-Money Laundering Act.
Adheres to all levels of our Service Excellence standards.
Performs other duties as required.
GENERAL QUALIFICATIONS:
Knowledge & Experience: These specifications are general guidelines based on the minimum experience normally considered essential to the satisfactory performance of this position. Individual abilities may result in some deviation from these guidelines.
High school diploma or general education degree (GED); work related experience should consist of a minimum of 2 years’ experience in residential mortgage loans and/or loan operations. Educational experience, through in-house training sessions, formal school or financial industry related curriculum, should be business or financial industry related.
Physical Demands/Work Environment: Vision, hearing, speech, dexterity, visual concentration. A valid driver’s license is required. Must have the ability to stand, walk, sit and use hands and fingers. Must have the ability to work the hours and days required to complete the essential functions of the position, as scheduled. The environment is a professional office with standard office equipment.
Cognitive Requirements: Learning, thinking, concentration, ability to exercise self-control, ability to work in a customer relations’ environment. Must be able to pay close attention to detail and be able to work as a member of a team. Must have the ability to interact effectively with co-workers and customers, and exercise self-control and diplomacy in customer and employee relations’ situations. Must have the ability to exercise discretion as well as appropriate judgments when necessary.
Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
Our 100+ year history of independent family ownership allows us to relentlessly focus on our clients' long term goals.
Industry
Banking
Company size
1,001-5,000 employees
Founded
1910
LinkedIn followers
22,658
Total funding
$165M
First Bank is a privately held, family-owned bank built for clients who think beyond the next transaction and focus on what comes next across years, decades, and generations.
For more than a century, First Bank has been guided by multi-generational ownership and leadership. That perspective shapes how we serve family-owned and privately held businesses: with patience, continuity, and a long-term view of capital, growth, and transition. We understand that for these businesses, financial decisions are rarely isolated. They’re connected to family legacy, leadership succession, and the future of the enterprise itself.
Our relationship-driven approach is grounded in stewardship. We invest in lasting partnerships, deep industry expertise, and thoughtful growth so our clients can make confident decisions today while preparing for the realities of tomorrow. Through dedicated teams and specialized resources, including our Center for Family Owned Businesses, we support founders, current leaders, and next generation decision makers as their needs evolve.
With a strong presence across the Midwest, California, and Texas, First Bank combines the stability of family ownership with the scale, technology, and capabilities required to serve complex businesses in dynamic markets. We are intentionally built to adapt, grow, and remain relevant so our clients can do the same, generation after generation.
Member FDIC. Equal Housing Lender.
First Bank does not use LinkedIn as a client service tool and users should refrain from posting personal information. Please contact the First Bank Service Center for client service needs.
Privacy policy: https://www.first.bank/About/Disclosures/Privacy-Statement
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How much do Administrative jobs in North Carolina pay?
Based on 869 listings with disclosed salaries, most administrative jobs in North Carolina pay between $43k–$98k per year. Individual offers vary with seniority, company size, and specialization.
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