Construction Servicing Manager

Guild Mortgage
Washington, DC
Category Finance
Job Description
The Construction Servicing Manager manages the administration and servicing of One-Time Close Construction “OTC” Loans from post-closing through final draw and conversion to permanent financing.

Requirements

  • Provide support and guidance to the Construction Servicing staff for daily operations and mentoring for long term development.
  • Responsible for monitoring construction progress and overseeing all loan disbursement requests, draw schedules and lien waivers and identify potential delays, cost overruns or compliance issues.
  • Manage interest billings, including monitoring timeliness of interest payments.
  • Monitor and maintain accurate records of insurance policies including builders’ risk, homeowner policies and general liability coverage.
  • Perform risk assessments for the Construction Servicing portfolio on an ongoing basis and participate in OTC Risk Management strategies.
  • Assist in producing accurate reporting for all aspects of Construction Servicing.
  • Ensure Construction Servicing Staff maintains and ensures compliance with Construction Lending Guidelines and industry regulatory requirements
  • Manage and monitor servicing performance standards, service deliverables, and productivity benchmarks including pipeline management, turn time, and customer satisfaction.
  • Meet all QC and Audit benchmarks monitoring monthly quality and compliance reports to identify issues and trends and work with appropriate personnel to remediate.
  • Develop and implement action plans to reduce error and mitigate risk and ensure adherence to corporate internal control standards.
  • Develop and implement procedural changes to improve efficiency and productivity in line with the Construction Lending Department objectives and standards.
  • Handle internal and external inquiries from borrowers, builders, loan officers, and other parties to the transaction.
  • Ensure proper safeguarding of confidential and proprietary information of consumers and other protected information under the Company’s Information Security Policy.
  • Other job duties as assigned.

Benefits

  • medical
  • dental
  • vision
  • life insurance
  • AD&D
  • LTD
  • 401(k) with employer match
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