Project Consultant I managing the pre-closing and closing process on complex real estate loans at Bank of America. Collaborating with various stakeholders to ensure compliance and efficiency.
Responsibilities
Leads the effort in the pre-closing and closing process on complex real estate loans, including construction, term, lines of credit, and letters of credit, some of which may be syndicated
Independently reviews loan approval and loan documents prepared by counsel to ensure consistency and adherence to requirements
Works closely with Relationship Account Officer, borrower, counsel, construction consultants and title companies
Monitors documentation requirements
Responsible for managing construction draw process, including reviewing construction draw packages, identifying and helping to resolve construction and title issues, keeping accurate records of loan budget, and ensuring loan is in balance in accordance with approval
Requirements
Three or more years of previous real estate loan administration experience or real estate paralegal experience
Proficient computer skills, including Windows, Excel, Word and Outlook
Excellent written and verbal communication skills
Effective problem solving skills
High School Diploma / GED / Secondary School or equivalent
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