Loan Servicing Specialist (Construction & Commercial Operations)

Loan Servicing Specialist (Construction & Commercial Operations)

Employer: ManpowerGroup. 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 Opportunity Join 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 Responsibilities - End-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 & Audit - Inquiry 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