Construction Loan Admin - Residential Mortgage
Vnbcareers
Apply to this job Wayne, NJ, US Until 9/30/2026 First posted August 1, 2026 Last posted August 1, 2026
Job description
Responsibilities include but are not limited to:
- Reviews construction loan documents; analyzes and administers construction disbursements.
- Works in partnership with loan officers and the loan operations team as the primary contact between borrowers, builders, attorneys, appraisers and title company representatives from the loan's inception until the project has been completed.
- Participates in the pre-closing processes with loan officers and the construction loan officer to ensure all documentation requirements are identified before approval and closing.
- Performs construction draw analysis and reconciliation to provide the Construction Loan Officer with an accurate disbursement request for processing.
- Takes action on items affecting the disbursement process, including locating inspectors, builder change orders, sufficiency of funds, liens and restricted starts etc.
- Ability to teach / instruct borrowers and builders the disbursement process.
- Monitors construction loan documentation in files. Performs (expiration date analysis) for construction loan maturities, Florida notice of commencements, builders' risk insurance, flood insurance, contractor liability insurance, contractor's license and building permits.
- Assists the Construction Loan Officer with executing loan modifications including special projects related to streamlining construction loan workflow, procedures and systems.
- Administers the construction portfolio in accordance with credit policy requirements for risk management.
- Provides quality service to all team members and external clients.
- Follows all Bank policies and procedures, compliance regulations, and completes required training.
About this role
Summary
Administers construction loans, analyzes disbursements, manages documentation, and ensures policy compliance.
Job title
Construction Loan Admin - Residential Mortgage
Experience level
null
Industry
banking
Location requirements
Wayne, NJ, USA; remote not specified
Salary
Not specified
Management role
No
Skills & keywords
Required skills
loan documentationdisbursement analysisrisk managementcommunicationregulatory compliance
Preferred skills
None specified
Specializations
construction loansdisbursement analysisloan documentationrisk managementmortgage process
Locations
Structured locations inferred from the posting.
Wayne, NJ, USA
On-site City