Draw Coordinator/Operations Support

Draw Coordinator/Operations Support

The Draw Coordinator is responsible for overseeing the administrative functions of the draw process for all Lines of Credit (LOC) serviced by Precision Capital. This requires consistent communication with borrowers and the Precision Capital’s Line of Credit Underwriter (LOCU).

Time Commitment: This position requires in-office availability during normal business hours. Monday – Friday, 8:30am – 5:00pm

Reports To: Director of Operations

Back-up Person: Director of Operations or Servicing Specialist

Compensation: Non-exempt, full-time, hourly.

Work Location: In-Office

Responsibilities:

Line of Credit Bi-Monthly Draws:

• Receive, collate, and process all LOC draw requests in accordance with company procedure.
  • Contact borrowers or contractors for any missing documentation or information required per policy for a complete draw request.
• Send fully completed draw request packages to LOCU for approval.
  • If LOCU needs more information, coordinate with the borrower to obtain it and provide it to LOCU.
• In conjunction with accounting, process the draw amount, if any, as approved by the LOCU per procedure.

Routine/Scheduled Follow-up with LOC Borrowers:

• Introduction calls to closed LOC loan borrowers for explanation of program, draw procedures and contact names.
• Inquire with LOC borrowers regarding any draw amounts requested outside allowable variances, per policy.
• Inquire with LOC borrowers regarding any deviation from the draw schedule outside allowable variances, per policy.
• Process requests for any budget or draw schedule changes recommended by the Construction Draw Coordinator or by the borrower.
  • Forward all information collected to the LOCU for a decision.
• Based on the LOCU decision, adjust budget, or draw schedule in MO or current tracking tool.

Operations Support:

You will be called upon to support other company departments as needed including Asset Management, Loan Processing and Office Administration with task such as:

• Monitor, respond and direct incoming emails.
• Answer and direct incoming phone calls.
• Compose and respond to business email messages.
• Generate tech support tickets, as needed.
• Complete processing order outs including BPO, Title request, insurance binder request.
• Processing file set up.
• Send borrower disclosures out.
• Draw loan docs.
• Other tasks as needed and directed.

This job description outlines the general duties of this position. This description may change from time to time and is not meant to cover every item required of the job.  To provide Precision Capital Investors and Borrowers outstanding service, there may be tasks outside of this job description that are necessary.

This position may require extended periods of sitting, viewing a computer screen, and periodic stooping, bending, and lifting. While performing the duties of this job, this position is regularly required to talk and/or listen.

Any job offer will be presented by way of an offer letter from the company, which must be signed and returned to HR. Job placement will be contingent on a successful criminal background check and completed Employment Application.

Compensation & Benefits:  

$26-$28 per hour DOE

We offer a collaborate culture for our staff. Our competitive benefits package includes: 

• Competitive Pay 
• Paid Time Off 
• Paid Company Holidays 
• Medical, Dental, Vision & Long-Term Disability  
• SIMPLE IRA or 401K

Precision Capital is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all staff. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.