Mortgage Construction Draw Representative

Job Type

Full-time

Description

Job Scope :

Responsible for managing and processing construction loan draw requests, ensuring timely disbursement of funds, and maintaining compliance with internal policies and regulatory requirements. This role serves as a liaison between borrowers, builders, inspectors, and internal mortgage teams to ensure smooth and accurate draw processes throughout the construction lifecycle.

Essential Functions

• Work closely with internal teams, borrowers, builders, title companies, inspectors, and members to ensure smooth construction transactions and timely funding.
• Provide pre-processing review of construction contracts, draw schedules, specifications, construction plans, and builder vetting for accuracy; work with originators, processors, and builders to clear file discrepancies.
• Provide pre-closing review of construction contracts, draw schedules, specifications, construction plans, and builder vetting for accuracy; work with originators, processors, and builders to clear file discrepancies.
• Obtain, prepare, review, and process draw requests from builders / homeowners in accordance with loan agreements and construction schedules.
• Coordinate inspections, update the construction loan system with completion percentages, track funds remaining, and validate lien waivers.
• Monitor construction progress, ensuring timely inspections, accurate documentation, and resolution of discrepancies or timeline issues.
• Maintain accurate records of disbursements, budgets, change orders, and backup documentation in the loan origination system.
• Obtain, prepare, review, and process final draw requests and trailing documents, and complete interim construction closeout to permanent financing.
• Manage and process escrow / retainage holdbacks, ensuring proper documentation, disbursement, and compliance with loan terms.
• Follow current policies and procedures established by the Board of Directors and ensure compliance with all federal, state, and industry regulations.
• Assist in the improvement of construction loan processes and procedures.
• Vet, review and verify builder credentials (licenses, insurance, financials, references, and prior project history), maintain an approved builder list, and provide orientation on draw procedures, documentation standards, and compliance requirements.
• Vet inspection and title companies for qualifications, insurance, and construction experience; establish expectations for reporting accuracy and timeliness; and onboard inspectors into Sunward's construction loan system.
• Perform other duties as assigned.

Requirements

Qualifications :

Experience and Education

Knowledge

Skills / Abilities

Physical Requirements / Work Environment

Salary Description

$23.04-$28.80 (Depending on Experience)