Collateral Administration Specialist

Posted 19 Days Ago
Be an Early Applicant
Oklahoma City, OK, USA
In-Office
Junior
Fintech • Software • Financial Services
The Role
Responsible for administrative functions related to construction loans, including document preparation, approvals, payment processing, and managing reporting and logs.
Summary Generated by Built In

This position is responsible for construction loan administrative functions including preparing funding documents, ordering title endorsements, obtaining required approvals, submitting advances and initiating wires and deposits for funding. Additional responsibilities include processing payments to vendors, auditing completed loan advances, onboarding new loans, and maintaining reporting for an assigned portfolio of loans. Assistance with ad hoc projects may also be required.

Position Responsibilities:

  • Coordinates the administrative functions related to residential and commercial construction loan draws including:
    • Preparing funding documents
    • Obtaining required approvals
    • Ordering title endorsements,
    • Submitting advanced to loan servicing
    • Originated wires
    • Confirming funding completion
  • Maintain daily Construction Draw Log reports which are utilized in Management Reporting
  • Ensures completed draws include all necessary documentation and are saved to proper file locations for auditing purposes
  • Processes payments to third party vendors
  • Completes project folder setup including gathering necessary documents from various locations and contacting title agencies
  • Periodically complete special assignments as needed

Position Requirements:

  • Previous banking and construction real estate loan administration or lending experience is strongly preferred.
  • Applicants must possess strong oral and written communication skills, be proficient in Microsoft Word and Excel, and have the ability to work in a team environment to be successful
  • Time management and critical thinking skills are also crucial
Qualifications Skills Required Microsoft Excel Intermediate Communication - Written Intermediate Communication - Verbal Intermediate Behaviors Required Dedicated: Devoted to a task or purpose with loyalty or integrity Enthusiastic: Shows intense and eager enjoyment and interest Team Player: Works well as a member of a group Detail Oriented: Capable of carrying out a given task with all details necessary to get the task done well Education Required High School or better. Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities
This employer is required to notify all applicants of their rights pursuant to federal employment laws. For further information, please review the Know Your Rights notice from the Department of Labor.

Skills Required

  • Previous banking and construction real estate loan administrative experience
  • Strong oral and written communication skills
  • Proficient in Microsoft Word and Excel
  • Time management and critical thinking skills

MidFirst Bank Compensation & Benefits Highlights

The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about MidFirst Bank and has not been reviewed or approved by MidFirst Bank.

  • Healthcare Strength Health, dental, and vision coverage are available to eligible full‑time and part‑time employees, with company‑paid long‑term disability and an EAP included. Medical plans through Blue Cross Blue Shield and wellness incentives that can lower premiums are highlighted.
  • Retirement Support A company 401(k) match with a clear formula and a defined vesting schedule provides meaningful retirement support. Eligibility and enrollment timing are specified, reinforcing predictable access to the plan.
  • Leave & Time Off Breadth Paid vacation, paid sick leave, and paid holidays are emphasized, with a paid community service day also referenced. Time‑off offerings are portrayed as generous across materials.

MidFirst Bank Insights

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The Company
2,197 Employees
Year Founded: 1982

What We Do

MidFirst Bank occupies a rare position within the banking industry. With $41.2 billion in assets, MidFirst Bank is the largest privately owned bank in the country. This combination of size and private ownership provides our customers with a special brand of banking. MidFirst Bank offers a full range of personal, commercial, trust, private banking and mortgage banking products and services. MidFirst is a strong commercial real estate lender and a major servicer of mortgage loans nationally. As a private business ourselves, we understand the unique needs of each business community we serve at each of our locations in Arizona (Phoenix), California (Los Angeles, Orange County, Santa Barbara, San Diego), Colorado (Boulder, Denver, Edwards, Fort Collins), Nevada (Las Vegas), Oklahoma (Oklahoma City, Tulsa, Western Oklahoma), Texas (Dallas, Houston, San Antonio) and Utah (Salt Lake City). Additionally, MidFirst Bank has commercial lending offices in Atlanta, Chicago, Nashville, New York City, Orlando, Raleigh and Southern California. We serve Southern California through 1st Century Bank, a division of MidFirst Bank. We also operate MidFirst Business Credit as a subsidiary of MidFirst Bank. MidFirst Bank provides services that compete with larger banks, while the people and culture truly define the MidFirst Bank difference. MidFirst provides exceptional financial and deeply committed customer service. Team members are loyal in their character, loyal in their personal commitment to customers, and loyal to always doing the right thing. MidFirst customers can always count on working with thoughtful, intelligent, honest professionals who are true to their financial goals. MidFirst Bank is a strong supporter of the communities they serve, investing time and money in important educational, charitable and civic organizations. Copyright © 2025 MidFirst Bank. All rights reserved. Member FDIC. Equal Housing Lender.

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