Loan Disbursement Specialist - West Valley, UT
- 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.
- Prepare payoff quotes, credit bids, default letters and loan modifications.
- Responsible for Scheduling and directing pre-construction meeting with Borrower, Builder, loan officer/RM and 3rd party inspection vendor
- 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 serves as liaison with lenders, loan administration, and outside vendors.
- Monitors and may process interest-only payment during construction phase as applicable.
- 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.
- Manages an on-going construction portfolio of projects during construction and disbursement period.
- Maintain regular contact with client and contractor/subcontractors.
- Manages customer experience throughout construction and disbursement phases.
- Manages project closeout and clear applicable loan conditions.
- Other duties as assigned.
- Requires High School Degree or Equivalent and some experience with commercial, 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 and understanding of Small Business Administration (SBA) and BaNCS Production system is a plus.
- Basic knowledge of computer software programs such as word, excel, etc.
Zions Bancorporation and its affiliates and divisions (“Zions”) is an equal opportunity employer which prohibits all forms of discrimination and harassment. Zions is committed to the principle of equal employment opportunity for all employees and employment candidates and to providing a work environment free of discrimination and harassment. All employment decisions at Zions are based on business needs, job requirements and individual qualifications, without regard to race, color, religion, ethnicity, sex, sexual orientation, gender identification, age, national origin, pregnancy, veteran status, family or parental status, or any other status protected by the laws or regulations in the locations where we operate. Zions will not tolerate discrimination or harassment based on any of these characteristics. Zions encourages applicants of all ages.
It Zions’ policy not to discriminate because of a person’s relationship or association with a protected veteran. This includes spouses and other family members. Also, the Zions will safeguard the fair and equitable treatment of protected veteran spouses and family members with regard to all employment actions and prohibit harassment of applicants and employees because of their relationship or association with a protected veteran.
Applicants Requesting Accommodations: If you are a qualified individual with a disability or a disabled veteran, you may request a reasonable accommodation if you are unable or limited in your ability to use or access our career site. You can request reasonable accommodations by contacting us at careers@zionsbancorp.com or 801/844-7628. Please email your resume/cover letter, indicate what position you are interested in and include "Accommodation needed" in the subject line to ensure your information is routed to the appropriate contact.