Melvin Mcclain Email & Phone Number

410 Monon Blvd, Carmel In 46032

410 Monon Blvd, Carmel In 46032

Indianapolis, Indiana Area

Responsible for monitoring and managing all aspects of the commercial construction project progress including but not limited to reviewing Applications and Certificate for Payments, Sworn Statements of Contractor and Owner, inspections, and title endorsements. In addition, responsible for preparing comprehensive construction loan status reporting and portfolio analysis schedules to track the performance of construction loan.Key Achievements:• Communicated with the Executive Lenders concerning financial risk that may be forth-coming on certain construction loans;• Served as key leader in effectively managing the project budgets for the entire state of Indiana with some prospects in Wisconsin, Chicago, Florida, and California;• Managed an average of 20 loans totaling $30,000,000.00 monthly within the Commercial Real Estate portfolio totaling $150,000,000.00;• Strategically restructured construction budgets in accordance with each individual project to verify owner’s equity contribution and for future disbursements;• Communicated with title companies in the draw process as needed;• Facilitated any client issues or concerns;• Effectively trained and cross trained current and new employees;• Communicated with the Relationship Managers and Credit Analysts during approval process to help deliver a properly documented credit approval to Executive staff;

Indianapolis, Indiana Area

Responsible for the documentation of permanent and construction loans .

United States

Responsible for monitoring construction progress and controlling disbursements for construction loans to mitigate the risks of non-completion and to ensure the Bank’s lien and collateral position. In addition, responsible for preparing comprehensive construction loan status reporting and portfolio analysis schedules to track the performance of construction loan projects financed by the bank. Responsible for administering the Construction Loan Data Base system and helping with the integration of new applications associated with the on-going development of the system. Key Achievements:• Managed an average of 30 loans totaling $46,000,000.00 monthly within the Indiana Investment Real Estate portfolio totaling $85,000,000.00;• Communicated with the Executive Vice President concerning financial risk that may be forth-coming on certain construction loans;• Served as key leader in effectively managing the project budgets for the entire state of Indiana with some prospects in Ohio, Illinois, Kentucky, North Carolina, and Nebraska;• Implemented the new Construction Loan Data Base system at the Fort Pierce, Florida National City Bank office to help improve the tracking of the Commercial and Residential Construction projects;• Strategically restructured construction budgets in accordance with each individual project to verify owner’s equity contribution and for future disbursements;• Communicated with bank attorneys and title companies in the draw process as needed;• Facilitates any client issues or concerns;• Effectively trained and cross trained current and new employees.• Communicated with the Relationship Managers and Credit Analysts during approval process to help deliver a properly documented credit approval to Executive staff;• Prepared Commitment letters design to reflect the entire structure of the loan while effectively communicating its structure to customers;

Bachelor'S Degree, Construction Management, 3.9

Associate'S Degree, Cad/Cadd Drafting And/Or Design Technology/Technician, 3.9