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.
Responsibilities
- Process construction loan draws accurately and in a timely manner
- Verify draw documentation for completeness, accuracy, and compliance prior to disbursement
- Track draw balances, retainage, and remaining loan proceeds
- Resolve draw-related discrepancies, shortages, or documentation issues
- Handle participation loan draws
- Set up inspections for construction loans
- Order inspections and analyze inspection results
- Review and process inspection invoices
- Set up new construction loans in the system
- Establish and maintain complete loan files
- Pull required documentation from loan software
- Prepare files for inspections and draw processing
- Complete paid-off loan file takedowns
- Communicate draw status and requirements with internal teams, inspectors, and borrowers
- Provide onboarding communications to new construction loan borrowers
- Follow up on late payments
- Assist with ACH setup for borrower payments
- Manage insurance cancellations
- Confirm insurance documents comply with internal policies
- Pull and maintain reports and dashboards as needed
- Provide updates and status tracking for management
Skills
- High school diploma or equivalent
- Strong attention to detail and organizational skills
- Ability to manage multiple tasks and deadlines
- Comfortable working with loan systems and digital documentation
- Professional written and verbal communication skills
- Experience with construction loans, draw administration, or loan servicing
- Familiarity with Encompass or similar loan origination systems
- Experience working with inspections, invoices, or escrow-related processes
Company Overview