Draw Coordinator

Luminate Bank® is more than a bank—we're Banking Brighter® by making financial success simple, accessible, and rewarding. Whether you're purchasing a home, growing your savings, or planning for long-term stability, we offer expert guidance and personalized solutions to illuminate your path. Our seamless digital banking, tailored lending options, and wealth-building strategies empower you to take control of your financial future. With competitive rates, clear insights, and a customer-first approach, we help you make informed decisions with confidence. No matter where you are in your journey, Luminate Bank® is here to support you every step of the way.

Position Summary
The Mortgage Draw Coordinator is responsible for managing and processing construction loan draw requests from borrowers, builders, and contractors. This role ensures that funds are disbursed in accordance with loan agreements, project progress, and company policies, while maintaining compliance with state and federal regulations. The Mortgage Draw Coordinator serves as the key liaison between borrowers, builders, inspectors, lenders, and internal departments.

Responsibilities and Duties: 

• Review and process construction loan draw requests in a timely and accurate manner.
• Coordinate with borrowers, builders, contractors, and inspectors to verify project progress and completion.
• Ensure all required documentation (invoices, lien waivers, inspection reports, etc.) is complete and compliant.
• Monitor construction budgets and track disbursements against approved loan amounts.
• Maintain accurate loan records and ensure compliance with company policies and regulatory guidelines.
• Communicate clearly and professionally with all parties to resolve discrepancies or issues.
• Provide reporting and updates to loan officers, underwriters, and management as needed.
• Support the construction lending team with administrative and operational tasks.

Qualifications and Skills:

• High school diploma or equivalent required; associate or bachelor’s degree in business, finance, or related field preferred.
• Previous experience in mortgage lending, loan processing, construction lending, or related field strongly preferred.
• Strong attention to detail and organizational skills.
• Excellent communication and customer service abilities.
• Ability to manage multiple tasks and meet deadlines in a fast-paced environment.
• Proficiency with Microsoft Office Suite and loan servicing software.

Benefits:

• Competitive compensation reliant on ability and experience
• Excellent benefits package including health, pre tax HSA, FSA accounts and dental & vision
• Life and AD&D Insurance, as well as additional voluntary benefit possibilities
• 401K with robust company match
• Flexible PTO program
• Earned Sick & Safe Time (ESST)
• The opportunity to work for the Midwest’s fastest growing lender

We are an equal opportunity employer and value diversity in our company. We do not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status.