Draw Administrator

CrossCountry Mortgage (CCM) is the nation's number one distributed retail mortgage lender with more than 7,000 employees operating over 700 branches and servicing loans across all 50 states, D.C. and Puerto Rico. Our company has been recognized ten times on the Inc. 5000 list of America's fastest-growing private businesses and has received many awards for our standout culture.

A culture where you can grow! CCM has created an exceptional culture driving employee engagement, exceeding employee expectations, and directly impacting company success. At our core, our entrepreneurial spirit empowers every employee to be who they are to help us move forward together. You’ll get unwavering support from all departments and total transparency from the top down.

CCM offers eligible employees a competitive compensation plan and a robust benefits package, including medical, dental, vision, as well as a 401K. We also offer company-provided short-term disability, an employee assistance program, and a wellness program.

Position Overview:
The Draw Administrator is responsible for draw administration and tasks associated with construction and renovation loan administration. Tasks include, but not limited to, the review of construction contracts, vetting of contractors, ensuring working completion dates followed, understanding construction terms as they relate to the loan process, following project budgets, and making recommendations on draw requests.
Job Responsibilities:

• 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.

Qualifications and Skills:

• 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.

This job description is intended to convey information essential to understanding the scope of the job and the general nature and level of work performed by job holders within this job. However, this job description is not intended to be an exhaustive list of qualifications, skills, efforts, duties, responsibilities or working conditions associated with the position. 

Pay Range:

• Hourly Rate: $22.00 - $24.00

The posted pay range considers a wide range of compensation factors, including candidate background, experience and work location, while also allowing for salary growth within the position.