Construction Loan Administrator 1

SCHEDULE: Full-time ; Monday through Friday (8:30 am - 5:00 pm) Average of 40 hours/week LOCATION: 131 E Main St, Hills, Iowa 52231 BENEFITS: Our employees are our most valuable assets, so we invest in them with a comprehensive and competitive benefits package. Our philosophy of taking care of the customer extends to taking care of our employees so that they, in turn, can take good care of themselves and their families. Join Hills Bank and let us surprise you with even more perks! SCOPE: As part of the Bank's Construction Loan team, the Construction Loan Administrator 1 is responsible for performing a wide range of duties to accurately and efficiently administer commercial construction loans to maintain loan compliance and to identify and report potential issues during the construction phase. This individual will collaborate with their team, the commercial lending staff, credit underwriting staff, third party vendors and also have direct contact with the construction borrower. ACCOUNTABILITIES: Loan Processing

Process files for approved basic and complex construction loan applications in preparation of loan closing by ordering, reviewing and following up of appraisals, flood certificates, title work and closing numbers from third party vendors.

Accurately prepare construction loan closing documents to comply with bank's commercial loan policy, as well as, state and federal compliance laws and regulations.

Complete onboarding after closing, establish tracking spreadsheets and provide draw documentation to borrowers.

Complete the disbursement of closing funds for loans prepared by others.

Review of collateral documents upon receipt to ensure completeness and e-file the documents in a timely manner.

Complete imaging of all necessary documents for the construction loan file in a timely manner.

Prepare commercial construction loan extensions and modifications as approved.

Project Monitoring

Analyze, approve and accurately process construction loan draw requests submitted by customers.

Identify, track and report potential construction budget issues.

Respond to customer inquiries in a professional and timely manner.

Assist in more in-depth review of large construction projects through analysis of draw documentation, construction inspections and cash injections.

Collateral Monitoring

Review requests for partial mortgage releases and payoff statements by connecting request with corresponding debt.

Determine payment and release requirements to maintain compliance with bank's commercial loan policy.

Accurately prepare requested documentation, provide payment requirements and respond to request in a timely manner.

Verify required payments are subsequently made to the loan.

Establish tracking spreadsheets for multi-unit projects and accurately assign values to each unit.

Assist in tracking loan payments and loan-to-value. Report loans out of compliance.

Other Responsibilities

Order and/or follow up on final title work and/or builder's risk insurance.

Actively participate in and alternately lead team meetings that includes coordination of team building activities.

Learn and maintain knowledge of bank's loan software systems and construction mapping software.

As part of the overall team of bank employees, this position will be requested to assist in the support of other bank activities.

Other duties as may be assigned.

EDUCATION AND SPECIAL REQUIREMENTS:

High school diploma or general education degree (GED) and/or

2 to 3 years of loan processing experience preferred and/or experience in construction loan administration.

This job requires skills needed in a typical office environment. This includes computer skills as well as utilization of office equipment.

EQUAL OPPORTUNITY EMPLOYER