Loan Servicing Specialist (Construction & Commercial Operations)

Loan Servicing Specialist (Construction & Commercial Operations)Location: Brea, CA (Hybrid 3-4x/week)Pay Range: $30.00 – $40.00 / hour (W2)Duration: Contract-to-Hire (FTE Conversion Path)The OpportunityJoin a premier banking institution as a Loan Servicing Specialist focused on the high-complexity world of Commercial and Construction Lending. This is a Contract-to-Hire role designed for a professional who excels at the intersection of financial operations and project oversight. You will manage the end-to-end post-origination lifecycle, ensuring every dollar disbursed is backed by accurate documentation and verified project milestones.Key Construction Servicing ResponsibilitiesEnd-to-End Draw Management: Act as the primary lead for the construction draw process.

Review borrower requests against approved budgets and project timelines to ensure funding accuracy.Inspection Coordination: Liaise with third-party engineers and inspectors to verify physical project milestones (foundation, framing, etc.) prior to any fund release.Budget Tracking & Reconciliation: Maintain and reconcile detailed construction budget spreadsheets. Monitor for line-item variances, retainage requirements, and potential cost overruns.Documentation & Compliance: Review AIA G702/G703 documents, lien waivers, and Title "Bring-Down" reports to ensure all legal and contractual conditions for disbursement are met.Specialized Payment Processing: Execute loan payments, payoffs, and interest-only adjustments unique to the construction-phase of financing.General Operations & AuditInquiry Resolution: Resolve complex inquiries from borrowers and internal lending teams regarding escrow, loan status, and servicing nuances.Account Integrity: Identify and resolve discrepancies and servicing errors within the core banking system.Audit & System Optimization: Generate reports for internal audits and assist with critical system upgrades (e.g., FIS Horizon) to streamline workflows.Requirements (What You Bring to the Table)Core Experience: 2+ years of direct experience in Construction Loan Servicing or Construction Loan Administration.Technical Skills: Advanced proficiency in Microsoft Excel (Pivot Tables, VLOOKUPs) for rigorous budget tracking.System Knowledge: Familiarity with loan servicing systems (e.g., FIS Horizon, Jack Henry, or similar) and construction-specific draw software.Analytical Mindset: Strong ability to interpret complex commercial loan documents and identify risks in disbursement requests.Education: High School Diploma or GED required (Bachelor's in Finance or Accounting preferred).Upon completion of waiting period consultants are eligible for:Medical and Prescription Drug PlansDental PlanVision PlanHealth Savings AccountHealth Flexible Spending AccountDependent Care Flexible Spending AccountSupplemental Life InsuranceShort Term and Long Term Disability InsuranceBusiness Travel Insurance401(k), Plus MatchWeekly PayIf this is a role that interests you and you'd like to learn more, click apply now and a recruiter will be in touch with you to discuss this great opportunity. We look forward to speaking with you!