Sr. Residential Construction Loan Administrator

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 position is located at our Bonney Road office in Virginia Beach, Virginia

Hours are 8:30-5:00 Monday-Friday

 

The primary responsibility of this position is to administer residential construction loans to builders, including review of related documents, coordination of inspections, monitoring completion against schedules, disbursement of funds and associated recording, and conversion to permanent mortgage when construction is complete. Incumbents at the Senior level will generally complete assignments with a higher degree of scope and complexity compared to the core level, and will provide administrative support to the builder registration program.

• Monitor, accept, review and process draw requests, schedule inspections, disburse funds to borrowers, and record all activities in accordance with established procedures
• Process loan conversion to permanent mortgage when construction is complete, prepare necessary paperwork, ensure all approvals and signatures are obtained, follow up with borrowers as required and respond directly to any inquiries
• Monitor loan pipeline and job completion vs schedules, prepare notifications to borrowers regarding extension and related options, and process loan extensions as required
• Source, compile and organize builder information in support of the registration process, order credit reports, contact references, record and maintain registered builder information

 

Education

High School Diploma or equivalent. (Required)

Experience

5 or more years Mortgage loan or Construction Administration. (Required)

3 or more years Residential Construction Loan Administration. (Required)

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.

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 $18.25 - $27.16.

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.

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.

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.