Commercial Loan Operations Specialist

Flagstar Bank

Commercial Loan Operations Construction Specialist at Flagstar Bank providing operational support for construction and development loans. Ensuring accurate processing of draw requests, funding, and communication.

Posted 4/25/2026full-timeTroy • Missouri • 🇺🇸 United StatesJuniorMid-Level💰 $56,153 - $85,264 per yearWebsite

About the role

Key responsibilities & impact

Process and service construction and development loans, including draw disbursements, interest calculations, and loan funding activities.
Review and validate borrower draw requests against approved budgets, construction schedules, and loan documentation.
Ensure accurate system setup and maintenance of construction loan structures, including commitment amounts, budgets, and lien waivers.
Monitor collateral documentation, title endorsements, and construction progress to ensure compliance with loan terms and risk controls.
Coordinate with internal departments such as relationship managers, credit, and legal to resolve issues or obtain necessary approvals.
Communicate directly with borrowers, title companies, and inspection vendors to track project milestones and ensure timely funding.
Reconcile draw activity, balances, and interest reserves in the loan servicing system.
Support reporting and tracking of loan funding pipelines, project status, and compliance exceptions.
Maintain documentation and audit readiness for regulatory and internal reviews.
Identify and escalate servicing issues, delays, or risk exposures related to construction lending activities.

Requirements

What you’ll need

High School / High School Equivalency (GED, HiSET, TASC) / Foreign Equivalent
2+ Years experience in a large commercial bank or related financial institution
Knowledge of construction loan documentation, budgets, lien waivers, title processes, and funding mechanics
Familiarity with loan servicing systems and draw management workflows
Proficient in Microsoft Excel and Word.

Benefits

Comp & perks

medical
dental
vision
life
disability insurance
comprehensive leave program

ATS Keywords

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Applicant Tracking System Keywords

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Hard Skills & Tools

construction loan documentationbudgetslien waiverstitle processesfunding mechanicsloan servicing systemsdraw management workflowsinterest calculationsdraw disbursementsreconciliation

Soft Skills

communicationcoordinationproblem-solvingattention to detailorganizational skills

Certifications

High School DiplomaGEDHiSETTASC