Construction Draw Administrator

hace 2 semanas

Bogotá, Bogotá D.E., Colombia Emapta A tiempo completo

Job Information:

Job Family

Mortgage Process Outsourcing
Work Arrangement

Hybrid
City

Chapinero
State/Province

Distrito Capital de Bogotá
Country

Colombia

Be part of a transformative career journey with our client, where borders are no constraint to international impact. This isn't just a role; it's a gateway to a global arena without leaving the country. Join our client at the forefront of mortgage where your expertise propels industries forward. As a
Construction Draw Administrator, you will be responsible for ensuring that residential real estate construction and rehab/renovation loans are meticulously monitored and serviced throughout the construction process. Your primary objective will be to oversee projects from inception to completion, ensuring they are executed on time, within budget, and in accordance with the approved plans and specifications outlined by our client.

**_
Here's an overview of your future role:_**- Employment Type: Indefinite term type contract- Shift: 8:00 am to 5:00 PST- Work Setup: Hybrid, Bogotá or Medellin

What do you need to succeed?

  • 24 years' experience in real estate and real estate lending.
  • Must be organized and detail oriented.
  • Proficient in computer skills and familiarity with complex Excel formulas.
  • Mortgage Construction Lending experience preferred.
  • Processing and loan administration experience preferred.
  • Strong analytical and effective verbal and written communication skills.
  • Ability to make decisions, prioritize workload, and to handle multiple tasks simultaneously.
  • Exercise good judgment and strong character, motivated, hard working.
  • Ability to work well with fellow associates, clients and vendors.
  • Good communication skills. Neat, clean, healthy work habits.
  • Experience with LOS, Encompass, Closer Founder, and Mortgage Cycle is highly desirable.
  • Tech Stack: Pandabox: Similar to Docusign.

What awaits you in this role?

  • Manage Draw Request Process
  • Receive draw requests from borrower
  • Coordinate inspections with Borrower and General Contractor to ensure the construction process, potential delays, budget status, and any other matters are addressed
  • Work with Borrower and their representatives to resolve construction deficiencies or defects in the documentation
  • Report on compliance with construction loan procedures
  • Coordinate Construction Loan Closings with EHL Loan Operations
  • Collaborate with Loan Officer, Loan Closer, Borrower, EHL Outside Legal Counsel, and title company to facilitate the loan closing process
  • Prepare Construction Status Reports
  • Monitor interest reserve as appropriate
  • Monitor new/renewed construction loans
  • Monitor construction loan policy, procedures, and underwriting guidelines
  • Monitor completion status versus projected completion dates
  • Perform all actions in accordance with the Mission, Vision, and Convictions of EHL
  • Provide a "WOW" experience and effectively communicate with associates, clients, partners, and vendors via phone, written communication, and/or in person
  • Seek Feedback: Host regular and timely communication with associates and Manager
  • Be willing to assume additional responsibilities/duties/projects as they arise
  • Demonstrate strong organization skills, the ability to learn quickly, and accuracy/timeliness in completing tasks
  • Perform all actions in accordance with policies and procedures of the company
  • Meet productivity guidelines of the position
  • Effectively use software specific for the position and Microsoft Office products
  • Collaborate effectively with other members of the EHL team and be willing to fill in when needed
  • Perform other duties as assigned

Additional Information:

  • Process draw requests representing completed work and manage the construction budget
  • Utilize construction software program for budget allocation and document management tools like Pandabox
  • Generate monthly building cost breakdowns using software
  • Requires meticulous attention to detail and a strong understanding of construction processes and financial management
  • Ensure proper monitoring and servicing of residential real estate construction and rehab/renovation loans
  • Manage client relationships and oversee oneyearold projects
  • Coordinate various aspects of the construction process
  • Strong skills in understanding and communicating complex information, proficiency in computer skills, particularly in learning new software, are essential
  • Utilize the company's own platform for managing client information

Why choose us?

  • 5 Days work week
  • Hybrid work setup
  • Work-Items (laptop, mouse, and headset)
  • Indefinite term type contract
  • 5 extra days of vacation leave (20 in total) that could be monetized
  • Direct exposure to our clients
  • Career growth opportunities
  • Diverse and supportive work environment


 Prime Office Locations
  • Bogotá and Medellin
  • Up skilling: Emapta Academy

Whom you'll work with:

Our clie

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