Loan Servicing Construction Specialist - F&M Trust
Chambersburg, PA
About the Job
SUMMARY OF POSITION:
Performs various administrative duties essential to the function of; tracking and monitoring construction projects within the commercial segment keeps up-to-date with various bank communications; coordinates work within the department, as well as with other departments; reports pertinent information to the immediate supervisor; and, complies with all applicable state and federal laws and bank ethical standards.
KEY ACCOUNTABILITIES:
Performs various administrative duties essential to the function of the Commercial Construction Monitoring, but not limited to:
- Tracks and monitors construction projects within the commercial segment:
- Completes spreadsheets and advances for land acquisition, infrastructure and vertical construction.
- Maintains accurate records via online tool for Construction Monitoring.
- Verifies CORE system and online tool are in balance
- Ensures the receipt of insurance, permits and other pertinent information relative to the project.
- Monitors releases, receipt of funds, lot sales and land development projects.
- In conjunction with the Relationship Manager, assures the Bank is in compliance with pre and post closing requirements pursuant to the approval document.
- Assures commitments, letters of credit and collateral data is appropriately updated on the core operating system.
- May perform notary services.
- May attend settlements with the Relationship Manager or Business Banker.
- Coordinates specific work tasks with other personnel within the department as well as with other departments in order to ensure the smooth and efficient flow of information.
- Reports pertinent information to the immediate supervisor, as requested, or; compiles information as necessary or as directed and provides data to appropriate bank personnel.
OTHER ASPECTS OF THE POSITION:
- Is strongly encouraged to participate in various community events in order to increase the bank's visibility and strengthen relationships with the communities we serve.
- Keeps up-to-date with bank communication regarding policy changes, new products and initiatives, personnel changes, etc.
- Identifies own strengths and developmental areas and sets goals as aligned with supervisor's expectations. Initiates coaching sessions with supervisor to share progress and receive feedback towards goals.
- Follows corporate policy and upholds bank standards in accordance with the bank's Code of Business Ethics and Conduct.
- Performs duties in a manner that ensures bank compliance with all applicable state and federal laws.
- Performs other related duties as assigned or directed.
REQUIRED EDUCATION:
A high school diploma or equivalent with an emphasis in a business or accounting curriculum preferred.
REQUIRED EXPERIENCE:
Minimum of 5 years administrative experience or a combination of education and experience normally required. Working knowledge of bank legal documents required. Previous experience with personal computers and office equipment also required.
OTHER JOB TITLES:
To help our job title resonate with you, other financial institutions may title their positions like the following: Construction Loan Specialist, Construction Loan Administrator, Construction/Renovation Loan Processor, Construction Loan Set-Up Specialist, Personal Loan Specialist, Loan Servicing Specialist, Commercial Loan Servicing Specialist, Construction Resource Specialist, and Loan Servicing Representative.