Draw Administrator

Granite Bank is a fast-growing community bank in Minnesota, dedicated to helping individuals achieve their financial and homeownership goals. The Construction Draw Administrator role involves managing construction loan draw processes, ensuring compliance and accuracy while serving as a liaison between teams, inspectors, and borrowers.ResponsibilitiesProcess construction loan draws accurately and in a timely mannerVerify draw documentation for completeness, accuracy, and compliance prior to disbursementTrack draw balances, retainage, and remaining loan proceedsResolve draw-related discrepancies, shortages, or documentation issuesHandle participation loan drawsSet up inspections for construction loansOrder inspections and analyze inspection resultsReview and process inspection invoicesSet up new construction loans in the systemEstablish and maintain complete loan filesPull required documentation from loan softwarePrepare files for inspections and draw processingComplete paid-off loan file takedownsCommunicate draw status and requirements with internal teams, inspectors, and borrowersProvide onboarding communications to new construction loan borrowersFollow up on late paymentsAssist with ACH setup for borrower paymentsManage insurance cancellationsConfirm insurance documents comply with internal policiesPull and maintain reports and dashboards as neededProvide updates and status tracking for managementSkillsHigh school diploma or equivalentStrong attention to detail and organizational skillsAbility to manage multiple tasks and deadlinesComfortable working with loan systems and digital documentationProfessional written and verbal communication skillsExperience with construction loans, draw administration, or loan servicingFamiliarity with Encompass or similar loan origination systemsExperience working with inspections, invoices, or escrow-related processesCompany OverviewGranite Bank is different from the big box lenders. It was founded in 2022, and is headquartered in Champlin, Minnesota, USA, with a workforce of 201-500 employees. Its website is https://www.granite-mortgage.com.



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