Construction Draw Administrator

Company Overview

Tier One Funding’s mission is to help small business owners solve America’s housing problem. We provide the capital and partnership that enable fix-and-flip entrepreneurs to transform properties faster and with greater confidence. Our edge is simple: a customer-first focus, speed and disciplined execution. We believe teamwork fuels innovation, simplicity drives clarity and discipline builds trust. Backed by world-class financial institutions and led by a team with decades of experience in lending and high-growth ventures, Tier One combines institutional strength with entrepreneurial agility. When you join Tier One, you join a humble, clever, and collaborative team dedicated to building something remarkable — a company that helps our customers succeed while they transform houses into homes.

About the Role

We are seeking a detail oriented and disciplined administrator to support and grow our draw function focused on residential real estate lending. You’ll be a part of a fast-paced environment, interacting closely with Tier One’s accounting/finance team and internal lending ops teams. The ideal candidate thrives in a start-up environment, with the ability to scope and execute projects and tasks independently with high attention to detail. You’ll need to have strong interpersonal and analytical skills. This position is responsible for monitoring and processing construction loan draws from loan origination to the completion of the construction project.

Responsibilities include, but are not limited to, reviewing the draw requests, budgets and document verifications, scheduling inspections and maintaining accurate records of all draws. The Draw Administrator works closely with the feasibility analyst, borrower, contractor/vendors and inspector to coordinate draw funding. Other duties as assigned.

What You’ll Do

1. Draw Request Management

Serve as the primary point of contact for borrowers regarding construction holdbacks and draw processes
Monitor and manage the draws@t1f.com inbox, ensuring timely response to all draw requests

2. Third-Party Inspection Coordination

Schedule and coordinate property inspections with approved third-party inspection vendors
Act as liaison between borrowers and inspection companies to ensure timely site visits
Review inspection reports for accuracy, completeness, and alignment with requested draw amounts
Provide feedback to vendors when clarifications or report improvements are required

3. Budget & Documentation Review

Review project budgets, invoices, lien waivers, and supporting documentation to validate draw eligibility
Evaluate inspection findings against submitted documentation to confirm work completion
Analyze remaining loan funds and construction budgets to determine appropriate disbursement amounts
Exercise sound judgment to ensure funds are released in accordance with project progress and loan guidelines

4. Draw Funding & Disbursement

Coordinate with Accounting/Finance to facilitate timely and accurate funding of approved draws
Verify wire instructions, funding amounts, and borrower details prior to disbursement
Ensure all funding transactions comply with internal controls and lending requirements

5. Reporting & System Administration

Maintain accurate and up-to-date records of all draw activity and borrower status
Input and update draw information within internal company systems and servicing platforms
Generate reporting as needed to track construction progress, fund utilization, and draw history

6. Operational & Cross-Functional Support

Support the Controller and Operations team with additional lending, servicing, or administrative projects as needed
Assist with process documentation, workflow improvements, and system updates to enhance efficiency and scalability
Provide reporting and data analysis support related to loans
Step in to support adjacent operational functions during periods of high volume or team growth

Qualifications

Experience with budgeting, Construction Management and/or Real Estate Development
1-2 years of experience as a Draw Administrator preferred
Prior banking and/or lending support experience preferred
Bachelor’s degree or 4 years of relevant job experience preferred
Strong quantitative and analytical skills; proficiency in Excel
Excellent written and verbal communication skills
Detail-oriented with strong organizational skills and the ability to manage multiple priorities.

Key Competencies

Adaptability & Systems Agility – Quickly learns and implements new procedures, platforms, and operational processes in a dynamic environment.
Time Management & Prioritization – Effectively manages competing deadlines to ensure draw reviews, approvals, and fundings are completed accurately and on schedule.
Communication & Customer Service Excellence – Demonstrates strong written and verbal communication skills with a proactive, service-oriented approach when working with borrowers, vendors, and internal teams.
Integrity & Attention to Detail – Exercises high ethical standards, discretion, and precision when reviewing financial documentation and approving fund disbursements.

Compensation & Benefits

We’re building a disciplined, high-performing lending platform with institutional backing and entrepreneurial energy. If you want to grow with a company that values operational excellence and customer experience, we’d love to meet you. We offer:

Competitive cash salary (commensurate with experience)
Performance-based incentive opportunity
Competitive and comprehensive health benefits
Remote flexibility

At Tier One Funding, we strive to build a workforce composed of individuals with diverse backgrounds, abilities, minds, and identities that will help us to grow, not only as a company, but also as individuals. We are focused on building a diverse and inclusive workforce. If you’re excited about this role, but do not meet 100% of the qualifications listed above, we still encourage you to apply.

Tier One Funding is an Equal Opportunity Employer.