Funds Transfer Pricing Analyst Sr

Position Title

Funds Transfer Pricing Analyst Sr

Location

Nationwide, MI 48098

Job Summary

The Senior Draw Administrator Analyst is the liaison between the borrower, builder and possibly the draw administration vendor for all aspects of construction draws. The candidate must be able to handle complex tasks and issues surrounding the draw process and interactions. They must be able to problem solve and provide quick resolution. The candidate will be act as a subject matter expert and be responsible for issuing draws on all construction products and renovation type products in addition to balancing the accounting of funds on loans. They will handle new loan set up packages, which will include reaching out to both borrowers and builders. All draw requests will be processed according to regulatory requirements. Additionally, the candidate must be able to handle explaining, obtaining underwriting documentation, reviewing underwriting documentation for adequacy, and communicating status to parties on loan re-qualification. The candidate must be able to proactively monitor and manage workflow based on service level agreements for themselves and others as directed by management. The candidate will advocate for the parties to expedite and unsure best service.
The candidate will mentor and handle escalation from Draw Administrator Analysts. They may also train staff.
The candidate will manage their own draw pipeline and assist others as directed by management, which will include corresponding with borrowers and/or builders for status updates on inactive projects. They will ensure the project is completed within the allotted timeframe and may possibly assist with the creation of an action plan for a stalled project. They will be required to obtain title updates, surveys, inspections and follow up on any outstanding invoices or lien waivers. The individual may need to obtain additional builder documentation in order to release a draw or close out a project.
As the borrower’s liaison during the construction phase of the loan, the individual may also have communication with the borrower pertaining to their monthly payment, the amount due and any outstanding customer service type questions. The candidate will handle borrower escalations and complex questions for their pipeline and others.
Pay Range:
$99,731.70 - $132,144.50 - $164,557.30

Pay Range: Local Minimum Wage - $0.00 - $0.00

Job Responsibilities:

JOB RESPONSIBILITIES

• Obtaining/reviewing loan documentation for re-qualification and draws to determine all requirements and conditions of each project are being met. Must have a total understanding of each project’s specific requirement as they vary from product to product.  If discrepancies are found, must balance back to accounting sheet and verify with applicable vendor.

• Reviewing all documentation required for each re-qualification or draw.  This may include review of all sworn statements, waivers, invoices, inspection and comparison to budget line items to ensure project is on track.  Communication is required between the borrower, contractors and vendor.  Processing of checks and wires.

• Managing pipeline and workflow to ensure loans are worked timely and SLAs are met.

• Prepare disbursement and funding forms for approval by management. Maintain accurate records of each draw and interest reserve payments (if applicable) to ensure within budget.  Package and send loans to Underwriting for re-qualification.  Work with Underwriting to successfully re-qualify loans.

• Handle escalations and solve complex issues.

• Other duties as assigned by management.

ADDITIONAL ACCOUNTABILITIES

• Performs special projects, and additional duties and responsibilities as required.

• Consistently adheres to regulatory and compliance policies and standards linked to the job as listed and complete required compliance trainings.  Accountable to maintain compliance with applicable federal, state and local laws and regulations.

JOB REQUIREMENTS

Required Qualifications:

• Education level required: High School / High School Equivalency (GED, HiSET, TASC) / Foreign Equivalent.
• Minimum experience required: 3+ Years of Underwriting or underwriting-related document review.
• 3+ years of construction lending experience or equivalent.
• 3+ years of extensive customer service experience.

Job Competencies:

• Intermediate computer skills required.
• Proficient in Microsoft Office and Outlook.
• Must be able to learn new software quickly.
• Intermediate mathematical skills required with ability to perform day to day mortgage mathematical calculations.
• Ability to speak and write effective in a professional business manner.

Travel requirements:  N/A

Physical demands (ADA): No unusual physical exertion is involved.

Flagstar is an Equal Opportunity Employer.  All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identify, or national origin.