TD Bank

Construction Loan Spec I - RLO/Construction Loan Servicing

TD Bank

About TD Bank Financial Group The Toronto-Dominion Bank and its subsidiaries are collectively known as TD Bank Financial Group. TD Bank Financial Group serves more than 14 million customers in four key businesses operating in a number of locations in key financial centres around the globe: Canadian Personal and Commercial Banking including TD Canada Trust; Wealth Management including TD Waterhouse and an investment in TD Ameritrade; Wholesale Banking, including TD Securities; and U.S. Personal and Commercial Banking through TD Banknorth. TD Bank Financial Group also ranks among the world's leading on-line financial services firms, with more than 4.5 million on line customers. TD Bank Financial Group had CDN$384 billion in assets, as of January 31, 2006. The Toronto-Dominion Bank trades on the Toronto and New York Stock Exchanges under the symbol "TD".
Toronto Ontario, Canada
http://www.td.com

TD Description

About TD Bank, America’s Most Convenient Bank®

TD Bank, America’s Most Convenient Bank, is one of the 10 largest banks in the U.S., providing more than 8 million customers with a full range of retail, small business and commercial banking products and services at approximately 1,300 convenient locations throughout the Northeast, Mid-Atlantic, Metro D.C., the Carolinas and Florida. In addition, TD Bank and its subsidiaries offer customized private banking and wealth management services through TD Wealth®, and vehicle financing and dealer commercial services through TD Auto Finance. TD Bank is headquartered in Cherry Hill, N.J.

TD Bank, America’s Most Convenient Bank, is a member of TD Bank Group and a subsidiary of The Toronto-Dominion Bank of Toronto, Canada, a top 10 financial services company in North America. The Toronto-Dominion Bank trades on the New York and Toronto stock exchanges under the ticker symbol “TD”.

Department Overview

Retail Lending Operations – Construction Loan Servicing.

This position can be worked remote within the TD Bank Footprint.

Job Description

The Construction Loan Specialist I is responsible for the detailed analysis of project budgets, documentation review, and verifying funds for disbursement on loans after closing and during the construction phase. The focus of the construction administration process is to assess compliance with loan documentation and to insure loans are within budget to complete the project. The Construction Loan Specialist I processes all, residential construction loan draw requests.

Job Requirements

Initiates financial & collateral transactions based on Customer and General Contractor requests. Analyzes and facilitates rate, commitment, collateral changes, loan payments and payoff instructions
Assists with inquiries, research, problem resolution, helps request payoffs, research payments, process incoming mail. Internal and external customer service research payment issues, process incoming mail; Internal and external customer service and contact maintenance, data entry and other tasks as assigned. Clearly communicates any changes or issues with requests and the need for any additional information to the Borrower and contractor
Works with Borrower and Contractor to establish the procedure for the loan advances
Ensures all required documentation is on file prior to releasing funds; Reviews disbursement request against budget in order to ensure loan is not over disbursed
Orders progress inspections with assigned Appraisal Company within required timeframe
Reviews draw requests for completeness and integrity of AIA if required, inspection reports, lien waivers, invoice verification
Analyzes budget and source/ uses of funds to identify exceptions/ changes in conformity to standard monitoring requirements and to verify that the loan remains in balance
Identifies exceptions and obtains appropriate approvals as necessary
Initiates and analyzes standard and custom monitoring requirements including title/tax update, insurance, permits, inspections, survey
Maintains the integrity of data through input verifications of loan system and update of file records
Must be eligible for employment under regulatory standards applicable to the position.

Qualifications

High School diploma or GED
2+ Years of customer service experience
Attention to detail, and the ability to prioritize workload
Knowledge and understanding of Loan Operations policies and procedures as well as related agency regulations
Knowledge of Construction Loan documentation preferred
Proven computer literacy and proficiency in common PC applications
Aptitude for analysis, systems and mathematics; strong analytical and administrative abilities
Ability to multi-task in a high volume environment.
Ability to interact with internal and external
Customers in a professional manner to provide excellent Customer service

Inclusiveness

At TD, we are committed to fostering an inclusive, accessible environment, where all employees and customers feel valued, respected and supported. We are dedicated to building a workforce that reflects the diversity of our customers and communities in which we live in and serve, and creating an environment where every employee has the opportunity to reach their potential.

If you are a candidate with a disability and need an accommodation to complete the application process, email the TD Bank US Workplace Accommodations Program at [email protected] . Include your full name, best way to reach you, and the accommodation needed to assist you with the application process.

EOE/Minorities/Females/Veterans/Individuals with Disabilities/Sexual Orientation/Gender Identity.

Job Family

Retail / Commercial Operations

Job Category – Primary

Operations & Underwriting

Job Category(s)

Operations & Underwriting

Hours

Standard Business Hours

Business Line

TD Bank AMCB

Time Type

Full Time

Employment Type

Regular

Country

United States

Province/State

Florida, Maine, New Jersey, South Carolina

City

Greenville, Jacksonville, Lewiston, Mount Laurel

Work Location

Bates Mill #3 (140 Mill Street), Greenville Campus Building B – 200 Carolina Point Parkway, Remote Jacksonville, Remote Mount Laurel

Work Remotely

Statewide

**Province/State (Primary)

South Carolina

City (Primary)

Greenville

ProvState 2

New Jersey

City(s) 2

Mount Laurel

ProvState 3

Maine

City(s) 3

Lewiston

ProvState 4

Florida

City(s) 4

Jacksonville

If you require alternative methods of application or screening, you must approach TD Bank directly to request this, as we're not responsible for the employer's application process.

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