Construction Draw Administrator
The Federal Savings Bank is hiring a Construction Draw Administrator to support our offices nationwide.
The Federal Savings Bank is a national bank headquartered in Chicago, IL, specializing primarily in residential mortgage lending. We are proudly veteran-owned and dedicated to providing white glove service to all of our customers and business partners.
The Construction Draw Administrator is a crucial role responsible for ensuring the proper facilitation of draw disbursements while maintaining compliance with loan documentation, credit policy, internal procedures, and applicable state and federal laws. The administrator will act as the primary point of contact for builders, managing disbursements and ensuring projects are tracked accurately during the construction period.
Ideal candidates are available for a hybrid schedule (3 days onsite in our Chicago/Logan Square headquarters). Fully remote qualified candidates will be considered on a case by case basis and are encouraged to apply.
Duties and Responsibilities:
- Facilitate draw disbursements in compliance with loan documentation and credit policies
- Act as a conduit for communication between builders and the bank during the draw process
- Ensure all projects are tracked and managed efficiently and accurately within the construction period
- Maintain detailed records of all correspondence and transactions related to disbursements
- Collaborate with various departments to ensure smooth processing of draw requests
- Adhere to The Federal Savings Bank's communication standards and procedures