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Draw Administrator
CrossCountry Mortgage, LLCDraw Administrator managing draw administration for construction and renovation loans at CrossCountry Mortgage. Responsibilities include managing disbursement process, tracking projects, and communicating with stakeholders.
About the role
Key responsibilities & impact- Manage and maintain the residential construction and renovation loan disbursement process
- Transfer loans from loan origination system to draw administration system
- Assemble draw packages
- Track lien releases and/or sworn statements
- Monitor each line item in the project budget by utilizing spreadsheets and systems
- Order and coordinate inspections (internal and external)
- Order title updates, verify lien position, and order surveys as required
- Maintain tracking logs on projects, draw status, outstanding or incomplete work
- Update notes with any communication and status within draw system
- Communicate with the contractor, borrower, loan originator, and others with the status and results of construction draws
- Disburse draws within allotted timeframes set by agency and lender
- Review construction contracts and renovation bids
- Perform required checks on contractors; review contractors and builders per lender vetting process
- Maintain contractor and builder acceptance lists
- Monitor builders risk insurance during renovation and construction of property to convert to HOI
- Performs such other duties as required
Requirements
What you’ll need- High School diploma or equivalent
- 5 years of mortgage residential real estate or construction lending experience, preferred
- Knowledge of Encompass and Land Gorilla Construction Loan Manager, preferred
- Familiarity with and ability to obtain required state/county/city permit/license requirements
- Proficient math and analytical skills
- Excellent communication and problem solving skills
- Excellent prioritization and time management skills
- Proficient with Microsoft Outlook, Excel, Word and Windows
Benefits
Comp & perks- medical
- dental
- vision
- 401K
- company-provided short-term disability
- employee assistance program
- wellness program
ATS Keywords
✓ Tailor your resumeApplicant Tracking System Keywords
Tip: use these terms in your resume and cover letter to boost ATS matches.
Hard Skills & Tools
mortgage lendingconstruction lendingbudget monitoringdraw administrationcontract reviewanalytical skillsmath skills
Soft Skills
communication skillsproblem solving skillsprioritization skillstime management skills
Certifications
High School diplomastate/county/city permit/license