Loan Disbursement Specialist- In-Office

Zions Bancorporation•Salt Lake, UT

2d•Onsite

About The Position

Zions Bancorporation is seeking a Loan Disbursement Specialist to join their Construction Disbursements Team in downtown Salt Lake City, Utah. The Construction Disbursement Administration (CDA) group manages approximately 200 commercial construction projects simultaneously, ensuring construction progresses properly and loan agreements are followed. The team utilizes a new construction monitoring system and focuses on streamlining processes. This role requires a collaborative individual willing to work hard and maintain high standards of service. The specialist will review and process customer loan draws for commercial and residential construction projects, including invoices, lien waivers, and budgets. They will also prepare payoff quotes, credit bids, default letters, and loan modifications. Additionally, the role involves scheduling pre-construction discussions, administering participation loans, ordering and reviewing inspection reports, maintaining reports and ticklers, and acting as a liaison with lenders and vendors. Monitoring interest rates, reviewing loans for past due status, insurance coverage, and tickler exceptions are also key responsibilities, ensuring compliance with loan documents, bank policies, and department procedures. Other duties as assigned.

Requirements

Some experience with commercial, construction or loan servicing process and procedures, loan documentation or processing or other directly related experience.
Basic knowledge of lending disbursement processes, procedures and loan documentation.
Basic knowledge of standard construction budget and loan servicing practices and techniques.
Must have good audit, problem solving, data entry and customer service skills.
Ability to review and process data per loan documentation.
Good time management and organizational skills.
Must be accurate, detail oriented and able to multi-task.
Good communication skills, both verbal and written.
Basic knowledge of computer software programs such as word, excel, etc.
Requires High School Degree or Equivalent
A combination of education and experience may meet job requirements.

Responsibilities

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.
Prepare payoff quotes, credit bids, default letters and loan modifications.
Schedule and direct pre-construction discussion with Borrower, Builder, and RM when requested.
Administer participation loans, coordinate with participating/lead bank(s).
Order, input, and review inspection reports.
Updates and maintains various reports and ticklers for loan maintenance.
Assists with and may serve as liaison with lenders, loan administration, and outside vendors.
Monitor and may process interest rate changes.
Review loans for past due status, insurance coverage, tickler exceptions, etc.
Ensure loan administration is consistent with loan documents, bank and department policies and procedures.
Other duties as assigned.