Loan Disbursement Specialist - Midvale, UT (In Office)
About The Position
Did you know that Zions Bancorporation is one of the nation’s premier financial services companies with total assets exceeding $70 billion? With local management teams at the helm in 11 western states, Zions is dedicated to making a difference in their local communities. At Zions, we haven’t forgotten who keeps us in business, meaning we’re committed to the success of our customers, and our employees. Here, the possibilities are endless – come for a job, stay for a career. This position is in office located at our Zions Technology Center in Midvale, UT. The ideal candidate for the Loan Disbursement Specialist position will have the skills and experience necessary to fulfill the following responsibilities and qualifications:
Requirements
- Requires High School Degree or Equivalent and some experience with commercial, residential, real estate, construction or loan servicing process and procedures, loan documentation or processing or other directly related experience.
- A combination of education and experience may meet job requirements.
- Basic knowledge of lending disbursement processes, procedures and loan documentation.
- Must be accurate, detail oriented and able to multi-task.
- Must have good audit, problem solving, data entry and customer service skills.
- Good time management and organizational skills.
- Ability to review and process data per loan documentation.
- Basic knowledge of standard construction budget and loan servicing practices and techniques.
- Good communication skills, both verbal and written.
- Basic knowledge of computer software programs such as word, excel, etc.
- Basic SBA knowledge
Responsibilities
- Responsible to review, analyze and process customer loan draws for commercial and residential construction projects, loan fund disbursements, equity draws, etc., including review of invoices, lien waivers, and budget.
- Schedule and direct pre-construction discussion with Borrower, Builder, and RM when requested.
- Order, input, and review inspection reports.
- Assists with and may serves as liaison with lenders, loan administration, and outside vendors.
- Reviews loans for past due status, insurance coverage, tickler exceptions, etc.
- Ensures loan administration is consistent with loan documents, bank and department policies and procedures.
- Order and review title endorsements
- Review draw request paperwork and reconcile construction budget
- Proactively monitor assigned construction portfolio, project status and regular updates on projects
- Other duties as assigned.
Benefits
- Medical, Dental and Vision Insurance - START DAY ONE!
- Life and Disability Insurance, Paid Parental Leave and Adoption Assistance
- Health Savings (HSA), Flexible Spending (FSA) and dependent care accounts
- Paid Training, Paid Time Off (PTO) and 11 Paid Federal Holidays, and any applicable state holidays
- Salary range - $24.16 to $35.43 depending on experience
- 401(k) plan with company match, Profit Sharing, competitive compensation in line with work experience
- Mental health benefits including coaching and therapy sessions
- Tuition Reimbursement for qualifying employees enrolled in an accredited degree program related to the needs of the business, maximum of $5,250 per calendar year, employees are eligible for the program upon hire
- Employee Ambassador preferred banking products
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What This Job Offers
Job Type
Full-time
Career Level
Entry Level
Education Level
High school or GED
Number of Employees
1,001-5,000 employees
