Mortgage Construction Draw Representative

Job Type

Full-time

Description

Job Scope:

Responsible for managing and processing construction loan draw requests, ensuring timely disbursement of funds, and maintaining compliance with internal policies and regulatory requirements. This role serves as a liaison between borrowers, builders, inspectors, and internal mortgage teams to ensure smooth and accurate draw processes throughout the construction lifecycle.

Essential Functions

• Work closely with internal teams, borrowers, builders, title companies, inspectors, and members to ensure smooth construction transactions and timely funding.
• Provide pre-processing review of construction contracts, draw schedules, specifications, construction plans, and builder vetting for accuracy; work with originators, processors, and builders to clear file discrepancies.
• Provide pre-closing review of construction contracts, draw schedules, specifications, construction plans, and builder vetting for accuracy; work with originators, processors, and builders to clear file discrepancies.
• Obtain, prepare, review, and process draw requests from builders/homeowners in accordance with loan agreements and construction schedules.
• Coordinate inspections, update the construction loan system with completion percentages, track funds remaining, and validate lien waivers.
• Monitor construction progress, ensuring timely inspections, accurate documentation, and resolution of discrepancies or timeline issues.
• Maintain accurate records of disbursements, budgets, change orders, and backup documentation in the loan origination system.
• Obtain, prepare, review, and process final draw requests and trailing documents, and complete interim construction closeout to permanent financing.
• Manage and process escrow / retainage holdbacks, ensuring proper documentation, disbursement, and compliance with loan terms.
• Follow current policies and procedures established by the Board of Directors and ensure compliance with all federal, state, and industry regulations.
• Assist in the improvement of construction loan processes and procedures.
• Vet, review and verify builder credentials (licenses, insurance, financials, references, and prior project history), maintain an approved builder list, and provide orientation on draw procedures, documentation standards, and compliance requirements.
• Vet inspection and title companies for qualifications, insurance, and construction experience; establish expectations for reporting accuracy and timeliness; and onboard inspectors into Sunward’s construction loan system.
• Perform other duties as assigned.
  
  
  

Requirements

Qualifications:

Experience And Education

• Minimum 3 years of experience in mortgage lending, construction lending, or mortgage loan servicing of construction loans.
• Bachelor’s degree in business or related field, or equivalent relevant work experience in lieu of a degree.
  
  
  

Knowledge

• Understanding of construction loan process and documentation, draw schedules, and inspection processes.
• Proficiency in loan origination systems (LOS), construction draw software, Microsoft Office Suite, and document management platforms.
• Working knowledge of lien laws and title requirements
  
  
  

Skills/Abilities

• Ability to identify potential issues in loan documentation, inspections, or builder qualifications and take proactive steps to reduce financial or compliance risk.
• Skill in building and maintaining effective relationships with borrowers, builders, inspectors, title companies, and internal teams to facilitate smooth loan processes.
• Ability to extract, analyze, and interpret data from loan systems to track project progress, fund disbursements, and identify trends or anomalies.
• Ability to sequence work effectively, meet deadlines, and adjust priorities based on loan schedules, inspections, and funding requirements.
• Strong attention to detail.
• Excellent communication and customer service skills.
• Proactively identifies opportunities to enhance processes, streamline workflows, and implement best practices within construction loan operations.
  
  
  

Physical Requirements/Work Environment

• Primarily office-based work with extended periods of sitting and computer use.
• Occasional lifting or carrying of files, documents, or small office equipment (typically under 20 lbs).
• Occasional travel may be required for site inspections or meetings with builders, inspectors, or members.
• Work may require walking on construction sites during inspections, sometimes over uneven terrain.
• Ability to communicate clearly in person, by phone, and virtually.
• Standard office environment with normal lighting, temperature, and noise levels.
  
  
  

Salary Description

$23.04-$28.80 (Depending on Experience)