Real Estate Financing Coordinator
Company: WSFS Bank
Location: Wilmington
Posted on: May 16, 2022
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Job Description:
Job DescriptionThe Real Estate Financing Coordinator will
primarily be managing risk and compliance related issues associated
with the RES construction loan portfolio through the monitoring of
all financial and project related activity including construction
loan advance conditions, payments, documentation and construction
work in place. The incumbent will respond directly to the
Relationship Manager, customers, and vendors for inquiries to
resolve issues surrounding commercial and consumer loans, as well
as assist in reporting monthly and quarterly information for
reports that include interest reserve, portfolio performance,
vendor efficiency and service level agreements. The incumbent will
monitor commercial and consumer construction loan activity to
manage risk and ensure compliance with RES policy, loan covenants,
letters of credit, and extensions throughout he construction period
of the loan. Other responsibilities include assessing the
feasibility of a project; reviewing boarded construction loans and
provide revisions when required; tracking and documenting daily
loan activity; performing budget reviews to identify possible
shortfalls; and reviewing customer draw request packages and 3rd
party inspection reports. The Real Estate Financing Coordinator
will also perform quarterly inspections of construction projects to
confirm activity, work in place and site conditions, and manage
bank exposure caused by municipal Letter of Credit, Tri-Party, or
other third part agreements tied to the construction loan.This is a
full-time, 40 hours per week, Monday – Friday, 8:00 am – 5:00 pm
position located at our Bank Center location in Wilmington,
DE.Minimum Qualifications:
Keywords: WSFS Bank, Wilmington , Real Estate Financing Coordinator, Accounting, Auditing , Wilmington, Delaware
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