Construction Loan Draw Specialist
Company: PrimeLending
Location: Richardson
Posted on: April 1, 2026
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Job Description:
Description Benefit highlights: 11 Paid Holidays, 15 days of
PTO, 401k Matching, Health Benefits, and more! Under general
supervision, the Construction Loan Draw Specialist assists in all
aspects of loan draw processing for residential homebuilder and
commercial construction borrowers. Reviews client draw requests and
ensures requests are in line with internal and external regulations
prior to processing the release of funds to clients. The
Construction Loan Draw Specialist will engage with external vendors
including third-party inspectors, surveyors, and title companies to
gather project data and will input data into the draw monitoring
system. Responsibilities Monitors construction draw pipeline for
residential homebuilders and/or commercial construction loans.
Performs general maintenance on loan accounts and ensures
supporting documentation is uploaded into the monitoring system.
Inputs budgets and schedules in draw monitoring system according to
loan approval and supporting construction documents. Orders and
reviews inspection reports, including final inspections, and
surveys; ensures that project inspections are in line with draw
request. Updates project completion progress in draw monitoring
system in accordance to inspections. Reviews draw requests and
borrowing base requirements to ensure appropriate approvals are
secured and internal requirements are met. Verifies availability of
funds prior to release. Reviews loan for outstanding past due
payments. Ensures draw funds are held until past dues are resolved.
Prepares loan advances and wires for completing construction draws.
Communicates with lenders, lending assistants, borrowers, vendors,
and other lending stakeholders on draw requests, including status
updates, discrepancies, or any issues encountered when reviewing
requests. Engages appropriate party to resolve discrepancies.
Monitors exceptions on draw requests and coordinates with lending
staff and borrower to clear exceptions. Monitors key loan account
data such as down date endorsement requirements and construction
loan binder extensions; documents data changes within the draw
monitoring system. Tracks borrower equity injection reports to
ensure project is in line with loan approval
guidelines/requirements. Generates reports related to draw pipeline
and provides to loan operations management. Additional duties and
responsibilities as needed. Qualifications High School diploma,
general education degree (GED), or equivalent required. Minimum 2
years of lending/loan administration experience. Strong preference
for previous experience with construction draw servicing or related
construction industry experience. Knowledge of construction
disbursement servicing system a plus. Excellent PC skills,
including word processing and spreadsheets via Microsoft Office
products as well as custom applications and systems. Excellent
verbal, written and interpersonal communication skills. Excellent
analytical, time management, organizational and problem-solving
skills with the ability to multi-task and produce error-free work
in a deadline-driven environment. Must be self-motivated with
strong attention to detail and accountability. The above statements
are intended to describe the general nature and level of work being
performed by individuals in, or assigned to, the above position and
are not intended to be construed as an exhaustive list of all
responsibilities, duties and skills required, and may be changed at
the discretion of the Company.
Keywords: PrimeLending, Keller , Construction Loan Draw Specialist, Administration, Clerical , Richardson, Texas
