Pro CRE Loan Consultant

Locations: Onsite with location listed

At First Horizon Bank Operations, we are on a mission to deliver a seamless customer experience. We are passionate about doing things right and doing the right things. We collaborate with each other and with our internal business partners to delight our customers. We believe in creating an environment where everyone’s ideas are valued so that the team operates at its best. Our team members serve with humility and a deep commitment to their responsibility to be the best at serving their customers one opportunity at a time.

SUMMARY

The Pro CRE Loan Consultant position is an independent, specialized position responsible for reviewing and understanding the Real Estate Loan approval/request, providing thorough, objective analysis of the construction documentation and funding requirements in the RE loan documents, and all supporting documentation required for closing, and confirming that the loan documents provide that the loan is being closed as required by the approval. The closing process may include an objective analysis of the construction documentation and a knowledge of the construction/draw process. This position is expected to lead the Pro CRE loan closing, and includes independent due diligence document review, construction monitoring and draw review, including funding requests, invoices, AIA requests from the General Contractor, completion requirements as required by the loan documents and other supporting documents and final completion documents. This position ensures collateral remains perfected, legal documentation supports credit approval, and confirmation that all risk controls have been met in order to proceed with closing and ultimately funding the construction as requested. This position includes possession of independent funding authority. Loan products include construction loans, term loans, revolving lines of credit, Letters of Credit, Syndicated loans, Participated loans and other commercial debt.

ESSENTIAL DUTIES AND RESPONSIBILITIES

• Review Commercial Real Estate Loan Approval for all deal terms and requirements and confirm that all terms, requirements, and Borrower information is consistent with term sheet, commitment letter (if applicable), and Loan Closing Documents.
• Verify standard Loan Closing Documents are complete and accurate according to policies and procedures.
• Work with bank counsel and Line of Business to review the Loan Closing Checklist and the documents received.
• Request and review bids from 3rd. party Construction Consultant(s) when required. Review and approve any Up Front and monthly reports as provided by Consultant.
• Review and independently approve all required construction documents, provide comments, and forward to 3rd. party consultant as required by policy and/or procedures.
• Interface with Lenders, Borrowers, Attorneys, Title Companies, General Contractors, Consultants, and Agents to ensure proper documentation is received for Loan Closings and Draw Requests.
• Verify Payment Instructions as provided by Title Company, Agent and Borrower.
• Maintain and update project budgets as approved at closing, track changes and ensure funds are sufficient to complete the project.
• Review and independently approve Draw Requests and supporting documents as submitted by Borrower.
• Provide documentation to Loan Operations to disburse loan funds within the established SLA.
• Manage the disbursement and payment process to and from bank participants, junior lenders and agents.
• Provide primary support and partnership to Relationship Managers (RM) and Portfolio Managers (PM) to ensure construction maintains strong quality, while facilitating risk control measures for the Bank.
• Works closely with senior management, RMs, PMs, Credit Risk, Compliance and Internal Audit partners to ensure that the credit remains in compliance with Bank and regulatory policies.
• Provide documentation to Loan Operations to book, maintain and update the loan tracking system with Borrower and Loan information.
• Ensure compliance with approved Policies and Procedures.
• Manage loan exceptions and pending items. Clear exceptions within required dates.
• Monitor requirements as provided by executed leases and permanent lenders.
• Maintain a working regulatory knowledge regarding, Flood Insurance, General Insurance, Title Issues, Mechanics Lien Law, Surveys and Bank Loan Documentation.
• Perform all other duties as assigned
• Assist in training less experienced Loan Specialists and provide back up to team leads when needed.

SUPERVISORY RESPONSIBILITIES

• No supervisory responsibilities

QUALIFICATIONS

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily.

• Bachelor’s degree and a minimum of 12-14 years of experience as a Pro CRE Loan Specialist or equivalent combination of education and experience in banking, construction and/or commercial real estate

• Microsoft Office suite and Excel spreadsheet experience

About Us
First Horizon Corporation is a leading regional financial services company, dedicated to helping our clients, communities and associates unlock their full potential with capital and counsel. Headquartered in Memphis, TN, the banking subsidiary First Horizon Bank operates in 12 states across the southern U.S. The Company and its subsidiaries offer commercial, private banking, consumer, small business, wealth and trust management, retail brokerage, capital markets, fixed income, and mortgage banking services. First Horizon has been recognized as one of the nation's best employers by Fortune and Forbes magazines and a Top 10 Most Reputable U.S. Bank. More information is available at www.FirstHorizon.com.

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Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities
This employer is required to notify all applicants of their rights pursuant to federal employment laws. For further information, please review the Know Your Rights notice from the Department of Labor.