Construction Disbursement Administrator

Western Alliance Bank•Phoenix, AZ

4d•Onsite

About The Position

As a Construction Disbursement Administrator, you will be responsible for supporting the business unit in completing duties involved with the disbursement process on all construction loans. You will work closely with lenders, borrowers, title companies, voucher control companies, and third-party vendors to assist in the facilitation of gathering the appropriate documentation to appropriately disburse funds associated with the construction loan process. Key responsibilities include collaborating with appropriate parties to review loan budgets and new loan setups, evaluating draw packages, draw fundings, tracking collateral movement, and managing pre and post-construction processes to ensure the bank satisfies its responsibilities. You will also be responsible for supporting the business unit in ordering third-party cost/construction reviews, serving as a liaison between loan closers, underwriters, Relationship Managers, and Construction Risk Administration prior to boarding loans. Ensuring submissions comply with bank policies and procedures, and that completed documentation is accurate and properly maintained is crucial. You will prepare orders and review construction-oriented title endorsements as outlined in the lender’s closing instruction letter and/or loan agreement and respond to inquiries as they arise. Ensuring accurate and efficient communication to loan officers and management of liens, project budget issues, or other conditions that increase the bank’s risk is also a key function. You will prepare and organize loan draw packages, ensuring quality, completeness, and accuracy, prior to submitting them to the scanning department for upload. Issuing demand statements to title, processing incoming wires, and coordinating the partial release from the bank’s collateral are also part of the role. Finally, you will coordinate with the borrower, contractor, bank personnel, third-party vendors, and voucher control services on all documentation necessary to set up new and ban control accounts. Ordering and reviewing construction-oriented title endorsements as outlined in the lender’s closing instruction letter is also required.

Requirements

1+ years of related experience in Loan Administration, Lending and/or Deposit Sales, Other or similar field.
High school diploma required.
Entry level to intermediate knowledge of general banking operations, including deposit operations, loan administration, treasury management and/or other commercial banking products and services.
Entry level to intermediate knowledge of applicable regulatory and legal compliance obligations, rules and regulations, industry standards and practices.
Entry level speaking and writing communications skills.

Nice To Haves

Opportunity to bolster business knowledge, learning the ins and outs of how successful companies operate and manage their finances, giving you invaluable hands-on experience to help grow your career!

Responsibilities

Supporting the business unit in completing duties involved with the disbursement process on all construction loans.
Working closely with lenders, borrowers, title companies, voucher control companies, and third-party vendors to assist in the facilitation of gathering the appropriate documentation to appropriately disburse funds associated with the construction loan process.
Collaborating with appropriate parties to review loan budgets and new loan setups, evaluate draw packages, draw fundings, track collateral movement, and managing pre and post-construction processes to ensure the bank satisfies its responsibilities.
Supporting the business unit in the ordering of third-party cost/construction reviews.
Serving as a liaison between loan closers, underwriters, Relationship Managers, and Construction Risk Administration prior to boarding loans.
Ensuring submissions comply with bank policies and procedures, and that completed documentation is accurate and properly maintained.
Preparing the orders and reviewing construction-oriented title endorsements as outlined in the lender’s closing instruction letter and/or loan agreement and responding to inquiries as they arise.
Ensuring accurate and efficient communication to loan officers and management of liens, project budget issues, or other conditions that increase the bank’s risk.
Preparing and organizing loan draw packages, ensuring quality, completeness, and accuracy, prior to submitting to the scanning department for upload.
Issuing demand statements to title, processing incoming wires, and coordinating the partial release from the bank’s collateral.
Coordinating with borrower, contractor, bank personnel, third-party vendors and voucher control services on all documentation necessary to set-up new and ban control accounts.
Ordering and reviewing construction-oriented title endorsements as outlined in the lender’s closing instruction letter.