Draw Administrator

Salary Range (hourly): $21.00 - $25.00 an hour

Employment Type: Full-Time, Non-Exempt

Granite Bank is one of the fastest-growing banks in Minnesota! We’re a locally owned community bank, and we’re growing our team of people on a mission to help as many people as possible achieve their financial and home ownership goals. We live by our core values: accessibility, agility, transparency, family feel, and empowerment. Whether it’s expanding our product line or having fun company events, we’re prepared to adapt to an ever-changing industry while keeping our people first.

Come join us!

The Construction Draw Administrator is responsible for managing and coordinating construction loan draw processes from loan setup through payoff. This role serves as a key liaison between internal teams, inspectors, and borrowers, ensuring timely inspections, accurate documentation, and compliant disbursements. The ideal candidate is detail-oriented, organized, and comfortable handling multiple loans and deadlines simultaneously.

• Process construction loan draws accurately and in a timely manner
• Verify draw documentation for completeness, accuracy, and compliance prior to disbursement
• Track draw balances, retainage, and remaining loan proceeds
• Resolve draw-related discrepancies, shortages, or documentation issues

• Set up inspections for construction loans
• Order inspections and analyze inspection results
• Review and process inspection invoices

• Set up new construction loans in the system
• Establish and maintain complete loan files
• Pull required documentation from loan software
• Prepare files for inspections and draw processing
• Complete paid-off loan file takedowns

• Communicate draw status and requirements with internal teams, inspectors, and borrowers
• Provide onboarding communications to new construction loan borrowers
• Follow up on late payments
• Assist with ACH setup for borrower payments

• Manage insurance cancellations
• Confirm insurance documents comply with internal policies

• Pull and maintain reports and dashboards as needed
• Provide updates and status tracking for management

• High school diploma or equivalent
• Strong attention to detail and organizational skills
• Ability to manage multiple tasks and deadlines
• Comfortable working with loan systems and digital documentation
• Professional written and verbal communication skills

• Experience with construction loans, draw administration, or loan servicing
• Familiarity with Encompass or similar loan origination systems
• Experience working with inspections, invoices, or escrow-related processes

• Time management and prioritization
• Analytical and problem-solving skills
• Proficiency in Microsoft Office or similar tools
• Ability to work independently and as part of a team

Note:

This job description is not designed to cover or contain a comprehensive listing of activities, duties, or responsibilities that are required of the employee for this job. Duties, responsibilities, and activities may change at any time with or without notice.