Job details
Salary $35,000 – $55,000 a year
Job Type Full-time
Number of hires for this role 1
Qualifications
- High school or equivalent (Required)
- English (Required)
- US work authorization (Preferred)
Full Job Description
CONSTRUCTION LOAN ADMINISTRATOR
This fast-paced position is responsible for maintaining and managing all construction loan servicing workflow for a portfolio of multifamily affordable housing loans on the company’s core customer loan database system, FICS (Financial Industry Computer Systems, Inc.). The portfolio is serviced on behalf of a variety of investors; some examples are: Florida Housing Finance Corporation (The State of Florida), other state and local housing authorities, and the Affordable Housing Lending Pool (AHLP), a loan program comprised of the corporation’s stockholders. Loans may also be serviced for other government agencies/programs such as Fannie Mae, Freddie Mac, USDA, FHA Section 8, and FHLB.
The Construction Loan Servicing Administrator assists the Loan Administration team providing research and analysis and assisting in trouble shooting/problem solving efforts. In addition to transactional processing, this position involves a high level of customer contact/communication and internal and external reporting responsibilities – on both a scheduled and ad hoc basis. Knowledge of commercial loans is a plus but not required, as -in-house training will be provided. Proficiency in Microsoft Office applications along with strong computer skills is required. Must be detail oriented, team-driven, and able to multi-task.
Job responsibilities include:
- Setting up new loans
- Facilitate and process all construction draws and requests in addition to managing all construction, acquisition/rehabilitation, refunding and any related rehabilitation escrows from the time of credit underwriting approval through construction completion
- Billing (Invoicing to developers/borrowers & communication with accounting)
- Tracking payments received from developers/borrowers
- Calculating and processing loan investor/participant’s remittances and related reporting
- Loan database maintenance as required – to maintain the accuracy and completeness of borrower and project loan level data
- Point of contact for investor/participants
- Month end and quarter end reporting requirements
- Prepare data and necessary files for loan audits/reviews
- Ensure all transactions are processed timely to meet scheduled due dates for various billing cycles and reporting cycles
- Keep current with database program changes/enhancements for accurate and efficient loan servicing database management
- Construction/Rehab loan administration from permanent loan setup until permanent loan servicing begins
- Other duties as assigned
*Salary commensurate with experience. College degree or equivalent work experience preferred but not required.
*Due to Covid-19, we are temporarily working both at home and part-time in the office. This is not a permanent work from home position, however, and once numbers of Covid-19 cases have decreased sufficiently, we will be reopening the office full-time.
BENEFITS:
- 401k w/ company match
- Health Insurance
- HSA savings account w/ company paid funds to meet annual deductibles
- Dental
- Vision
- Life insurance
- Paid flex time days from 23-33 days in addition to gov’t holidays
- Annual end of year bonuses
- Annual end of year profit sharing deposits to 401K
- Annual merit increases
- Fun Committee: Monthly or Quarterly events w/ outings, prizes, free time off prizes, gifts, etc.
- Special company-wide events, parties, gifts, outings, in-house holiday celebrations, et al.
- Company paid (4 hrs. per month) for charitable work in Tampa Bay area
About Us:
First Housing Development Corporation of Florida was established in 1979, by a consortium of financial institutions for the purpose of enabling public/private partnerships for building affordable, multifamily housing. Now, more than 40 years later we have grown our services to include all types of multifamily housing, including: affordable, market rate, senior housing and healthcare.
When it comes to servicing and administering real estate financing, there is simply no substitute for experience. Adhering to standard practices is only part of our expertise. After years of mortgage loan administration for federal, state and local government agencies, we understand fully how to meet each agency’s needs, as well as each investor’s return objective. In addition, First Housing has been performing construction loan servicing under a number of programs for over 40 years. We perform draw request analysis and approval of disbursements, as well as retain and monitor third-party firms to inspect the developments during the construction period.
Working in the multifamily housing sector is such a rewarding endeavor, because we have the opportunity to provide much-needed affordable housing to those in need.
Come join the First Housing family to start your rewarding career today!
Job Type: Full-time
Pay: $35,000.00 – $55,000.00 per year
Benefits:
- 401(k)
- 401(k) matching
- Dental insurance
- Health insurance
- Health savings account
- Life insurance
- Paid time off
- Retirement plan
- Vision insurance
Schedule:
- 8 hour shift
- Monday to Friday
Supplemental Pay:
- Bonus pay
COVID-19 considerations:
Employees are required to wear a mask in common areas.
Ability to Commute/Relocate:
- Tampa, FL 33606: Reliably commute or planning to relocate before starting work (Preferred)
Education:
- High school or equivalent (Required)
Language:
- English (Required)
Education:
- Bachelor’s (Preferred)
Location:
- Tampa, FL 33606 (Required)
License:
- Driver’s License (Required)
Language:
- English (Required)
Work authorization:
- United States (Required)
Work Location:
- One location
Work Remotely:
- No
