Construction Loan Administrator

Construction Loan Administrator Job Locations: US‑NJ‑Parsippany | US‑NJ‑Bridgewater | US‑PA‑Lancaster | US‑MD‑Hunt Valley | US‑DE‑Greenville Overview This is a full‑time career opportunity that can be hybrid within the Fulton Bank footprint as follows: DC, DE, MD, NJ, PA, VA. Remote work arrangement also possible. Must reside in footprint to be considered. Responsible for the administration of certain real‑estate secured commercial mortgage credit facilities, including but not limited to reviewing and preparing loan advances, monitoring builder lines, development loans and specialized construction loans, issuing release consideration letters or payoff quotes and collateral releases for those loans, collateral tracking, and processing loan payments. Responsibilities Responsible for the setup of construction loans for both commercial projects and residential development monitoring within the Commercial Mortgage Administration group. Duties include but are not limited to collecting, reviewing and analyzing loan documentation such as construction loan agreements, title insurance for advance limitations, flood determinations, building permits, and other documents to ensure that each future advance is calculated and advanced properly within each loan’s structure. Handle initial loan advances into a customer’s account or wire transfer, work with relationship managers to verify a reconciliation schedule for inspection reporting, guide less experienced employees on legal and structural questions, and fund construction loan projects at documented times and percentages of completed construction. Perform daily account and General Ledger transactions, verify loan system availability, analyze availability with tracking systems, and ensure proper hurdles have been achieved by borrowers. Monitor loan budgets, change orders, housing starts, project costs, and respond to exception approvals for funding or release. Confer with Due Diligence Officer or Legal to verify title insurance binders, commitments and policies. Order property inspections, track inspection reports electronically, issue payoff quotes or release consideration letters, maintain master sheet of payoff instructions, and process daily account and general ledger entries for releases, principal curtailments and loan payoffs. Track exception approvals related to construction and development loan advances and releases. Scan advanced, payoff and release related documents and file electronically for future reference. Confer with the Special Assets department on certain loans which may require special handling. Research, analyze and resolve problems inquiries made by Relationship Managers and borrowers. May require corrections to the loan system or other tracking and recording methods. Recommend improvements to the department’s construction loan monitoring process to supervisor. Identify and report to supervisor any deviations from loan policy or loan approval. Demonstrate strong judgement in identifying when an issue requires escalation and ensures it is directed to the appropriate party. Ability to train others in all functions of the position, specifically new hires in Fulton systems, policies and procedures. Ability to supervise the team when the team leader is not present. Ability to interpret legal documents with little or no help from Due Diligence or Legal, or to confer with legal at a technical and legally familiar level. Qualifications Education: Associate Degree or equivalent experience. Specialtie: Business Administration or equivalent degree (Preferred) Experience: 8 or more years of experience in Construction Loan Administration with commercial development and construction loans (Required) Strong working knowledge of construction administration platforms (Required) Experience with residual and builder lines (Preferred) Built Technologies experience (Preferred) Other Duties as Assigned by Manager This role may perform other job duties as assigned by the manager. Each employee is accountable for reading, understanding and acting on the contents of all Company‑assigned and/or job related Compliance Programs, regulations and policies and procedures, as well as ensuring that all Compliance Training assignments are completed by established due dates. This includes but is not limited to understanding and identifying compliance risks impacting their department(s), ensuring compliance with applicable laws or regulations, and escalating compliance risks to the appropriate level of management. Pay Transparency The hourly rate for this position is $27.79 - $46.30. Salary ranges may vary based on geographic location and are determined by a combination of factors including the candidate’s knowledge, skills, depth of work experience, and relevant licenses/credentials. Benefits As part of our Total Rewards program, Fulton Bank offers a comprehensive benefits package to those who qualify. This includes medical plans with prescription drug coverage, flexible spending account or health savings account depending on the medical plan chosen, dental and vision insurance, life insurance, 401(k) program with employer match and Employee Stock Purchase Plan, paid time off programs including holiday pay and paid volunteer time, disability insurance coverage and maternity and parental leave, adoption assistance, educational assistance and a robust wellness program with financial incentives. EEO Statement Fulton Bank (“Fulton”) is an equal opportunity employer and is committed to providing equal employment opportunity for all qualified persons. Fulton will recruit, hire, train and promote persons in all job titles, and ensure that all other personnel actions are administered, without regard to race, color, religion, creed, sexual orientation, national origin, citizenship, gender, gender identity, age, genetic information, marital status, disability, covered veteran status, or any other legally protected status. Sponsorship Statement As a condition of employment, individuals must be authorized to work in the United States without sponsorship for a work visa by Fulton Bank currently or in the future. #J-18808-Ljbffr