Construction Loan Administrator

Commercial Mortgage Administration Specialist

Our values define us and our culture inspires us to change lives for the better. Our employees are the heart and soul of our company, and every success we experience begins with them. Together we are committed to making a positive impact in our local communities. We champion a culture of continuous learning, work-life integration, and inclusion. We promote a digitally enabled work environment to continuously enhance the experience of our employees and customers.

This is a full-time career opportunity that can be hybrid within the Fulton Bank footprint as follows: DC, DE, MD, NJ, PA, VA or Remote.

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 for monitoring within the Commercial Mortgage Administration Specialist group. These duties include but are not limited to collecting, reviewing and analyzing loan documentation such as construction loan agreements for special terms, title insurance for advance limitations, and other documents like flood determinations and building permits to ensure that each future advance is calculated and advanced properly within each loan's structure.
• Track exception approvals related to construction and development loan advances and releases. Scan advance and 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 problem inquiries made by Relationship Managers, loan assistants and borrowers. May require corrections to the loan system or other tracking and recording methods. Handle routine office duties such as typing, filing to include electronic filing, scanning, faxing and answering telephones. 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. When appropriate, bring information to the attention of the Relationship Manager.
• All Commercial Mortgage Administration employees must be able to maintain and monitor the Commercial Real Estate Database in Access by accurately entering the appropriate information in the database, which provides information for the quarterly developer's report created and coordinated by the Credit department. This will include monthly reconciliation of this database within a short, specific timeframe as well as follow up with Relationship Managers and loan assistants to obtain missing advance and payment information or other items.

Qualifications

Associate Degree or the equivalent experience. Specialty: Business Administration or equivalent degree. (Preferred)

3 or more years 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 (Preferred)

5 or more years Commercial real estate lending for development and construction loans. (Preferred)

Other Duties as Assigned by Manager

This role may perform other job duties as assigned by the manager. Each employee of the Organization, regardless of position, 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 ensure 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

To provide greater transparency to candidates, we share base salary ranges on all job postings regardless of state. We set standard salary ranges for our roles based on the position, function, and responsibilities, as benchmarked against similarly sized companies in our industry. Specific compensation offered will be determined based on a combination of factors including the candidate's knowledge, skills, depth of work experience, and relevant licenses/credentials. The salary range may vary based on geographic location.

The hourly rate for this position is $24.81 - $41.35.

Benefits

Additionally, 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. To learn more about your potential eligibility for these programs, please visit Benefits & Wellness | Fulton Bank.

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.