Job Details

Legal Staff Paralegal in Charlotte, NC

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Company name

Bank of America Corporation

Organization Type

In-House

Job Type

Legal Staff

Practice Area

Finance - Banking

Years of Experience

Min 5 yrs required

Location

USA Charlotte, NC

Date Last Verified

Aug 19,2017

Posted on

Jun 05,2017

57 hits

Profile

Service Relationship Administrator Duties: Leads the effort in the pre-closing and closing process on basic real estate loans, including construction, term, lines of credit, and letters of credit; and with some supervision, contributes to the processes on moderately complex to complex real estate loans, which may include syndications. Reviews loan approval and loan documents prepared by counsel to ensure consistency and adherence to requirements. Works closely with Client Manager, borrower, counsel, construction consultants and title companies. Monitors documentation requirements and exceptions, including interest and past dues. May contribute to the training of junior associates. 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, monitoring non-loan sources of funds for certain product types, and ensuring loan is in balance in accordance with approval. Has two or more years 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. Bachelor's degree or some accounting experience preferred. Primary responsibility is to serve as point of contact for clients on all loan related servicing matters for 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 to ensure client adherence to requirements of the loan. 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, monitoring non-loan sources of funds for certain product types, and ensuring loan is in balance in accordance with approval. Works closely with Portfolio Manager, borrower, construction inspectors, title companies and counsel. Monitors documentation requirements and exceptions, including interest and past dues. Contributes to the development and training of junior associates.

Qualification and Experience

Qualifications: Bachelor’s degree and/or accounting experience preferred. 5+ years of previous real estate loan administration experience. Ability to prioritize and proactively manage responsibilities. Effective problem solving skills and ability to perform independent research. Excellent written and verbal communication skills. Proficient computer skills, including Windows, Excel, Word and Outlook.

Additional info

Job number: 17037600

Company info

Hiring Coordinator
Bank of America Corporation
100 North Tryon Street
Charlotte, NC 28255