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Housing Capital Company - Disbursement Administrator

Company: U.S. Bank
Location: Costa Mesa
Posted on: March 22, 2020

Job Description:

This position is responsiblefor reviewing and/or negotiating Housing Capital construction loandocuments, protecting the banks interest, and reviewing and administeringthe construction draw disbursements from the time the loan is approved untilproject completion is attained. Construction loan product types willinclude developer/investor commercial construction projects such as residentialconstruction including apartments, condos, homebuilder, and affordable housing.This position also works in partnership with Relationship Managersand Housing Capital Loan Administrators as the primary liaison withcustomers, attorneys, construction consultants and title companyrepresentatives, during all phases of construction loan financing.Must meet the requirementsto be commissioned as a Notary Public.Qualifications:Basic Qualifications

  • High school diploma or equivalent
  • Three to five years of experience in commercial real estate construction loan administration, OR
  • Minimum seven years of transferable experience in commercial real estate loan administrationPreferred Skills/Experience
    • Advanced knowledge of commercial real estate construction financing including letters of credit, borrowing base facilities, multi-phased construction and multiple collateral properties
    • Strong technical expertise in construction loan administration functions
    • Demonstrated ability to administer a portfolio of complex commercial real estate construction loans
    • Thorough knowledge of construction finance, law, documentation, accounting and data systems
    • Bachelor's degree preferredJob: Portfolio / Asset ManagementPrimary Location: CA-CA-Costa MesaShift: 1st - DaytimeAverage Hours Per Week: 40Requisition ID: 200007183U.S. Bank is an Equal Opportunity Employer committed to creating a diverse workforce.U.S. Bank is an equal opportunity employer committed to creating a diverse workforce. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, among other factors.

Keywords: U.S. Bank, Costa Mesa , Housing Capital Company - Disbursement Administrator, Other , Costa Mesa, California

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