Sr. Commercial Loan Support Specialist - Builder ...
Flagstar Bank - Troy, MI
Apply NowJob Description
Position TitleSr. Commercial Loan Support Specialist - Builder Lending (Hybrid)LocationHeadquarters-Troy, MIJob SummaryThe Commercial Loan Operations Builder Finance Specialist''s main function is to support the Home Builder Finance Group in booking loans on AFS and verification of proper documentation for funding of the loans and ongoing advances and actual funding of the advances. Will also be a support to the loan specialists in the Home Builder group. It is imperative that proper input to AFS occurs and that the requests are verified by Commercial Ops prior to funding to ensure that all documentation is received and funds are available.Job Responsibilities:45% of time: Loan Booking - Requires a thorough knowledge and understanding of commercial loan documentation and the AFS loan accounting system to which they are booked. Must be extremely organized in thoughts and procedures. Is responsible for timely and accurate input and the ability to question when any documentation is outside the norm. Must be able to book new, renewed, extended loans as well as Letters of Credit, Swap and ACH exposures. Will have to be proficient at using the AFS Construction Lending Module. If done well, the loans will be set up correctly according to the documentation and approval.40% of time: Review of advance requests from the Builder Finance Group and funding of advances either by wire or deposit to FSB checking account.15% of time: Creating electronic files of complete loan documentation and ensuring that flood information is stored in the correct placeJob Requirements:5+ years in commercial loan operations or commercial servicing; 7+ preferredMust have AFS Level III experience2+ years of commercial construction experienceMust have considerable understanding of commercial loan documentationDemonstrated ability to understand and interpret commercial loan documentationPrevious experience in booking commercial loans and participation loan processingGood analytical and problem-solving skillsExcellent verbal and written communication skillsWillingness to work in a team environmentIntermediate understanding of MS ExcelAutomated Financial Systems (AFS) experience preferredHS Diploma, GED or Foreign Equivalent50/50 HybridInternal Use Only: Job Band H-Hourly
Created: 2025-11-01