Construction Disbursement Administrator
Company: Disability Solutions
Location: Phoenix
Posted on: October 25, 2024
Job Description:
Job Title:Construction Disbursement
AdministratorLocation:BiltmoreWhat you'll do:The Construction
Disbursement Specialist is responsible for the disbursement process
on all construction loans while mitigating the bank's risk during
the construction process. The duties include but are not limited to
reviewing loan budgets and new loan setups, evaluating draw
packages, understanding loan documentation, working with various
internal departments relating to draw funding, tracking collateral
movement, and managing post-construction processes to ensure the
bank satisfies its responsibilities in regard to the collateral.
This person works closely with our lender's construction risk
managers and our credit/management team to ensure transactions are
clearing as expected with little delays.What we are looking
for:
- Serves as liaison between mortgage originators internal
construction teams, WAB Management and Credit staff prior to
boarding loans to provide input on loan structure, how construction
draws will be processed and how the collateral will be monitored
post-closing.
- Responsible for preparing and organizing loan draw packages,
ensuring quality, completeness and accuracy, prior to
disbursement
- Completes disbursement requests on a portfolio of customers,
lending against real estate transactions.
- Averages 4-8 originator portfolios to monitor and provide
updates to Credit on monthly basis of progress. Review for any
delays or exceptions prior to maturity and preemptively work with
Credit on extension requests.
- Notifies WHL Sales Officers and management of liens, project
budget issues, or other conditions that increase the bank's
risk.
- Performs other duties and participates in special projects as
assigned by management.What you need to have:
- High school graduation or GED
- 5+ years of Mortgage industry experience or 2-4 years of
experience in commercial real estate construction lending with an
emphasis on the disbursement process
- Ideal candidate will have prior experience as a Junior
Underwriter, Senior Mortgage Processor, Home Builder
Closer/Funder
- Ability to work in a fast paced, deadline driven work
environment and handle multiple projects simultaneously with a high
degree of accuracy
- Intermediate knowledge of general banking operations, including
deposit operations, loan administration, treasury management,
and/or other commercial banking products and services helpful.
- Strong communication skills, especially speaking and listening
skills
- Experienced with Microsoft Office.Benefits you'll love:We offer
all the important things you'd want - like competitive salaries, an
ownership stake in the company, medical and dental insurance, time
off, a great 401k matching program, tuition assistance program, an
employee volunteer program, and a wellness program. In addition,
you'll have the opportunity to bolster your 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!About the company:Western Alliance Bank is a
wholly owned subsidiary of Western Alliance Bancorporation.
Alliance Bank of Arizona, Alliance Association Bank, Bank of
Nevada, Bridge Bank, First Independent Bank, and Torrey Pines Bank
are divisions of Western Alliance Bank; Member FDIC. AmeriHome
Mortgage is a Western Alliance Bank company.Western Alliance
Bancorporation is committed to equal employment and will consider
all qualified applicants without regard to race, sex, color,
religion, age, nation origin, marital status, disability, protected
veteran status, sexual orientation, gender identity or genetic
information. Western Alliance Bancorporation is committed to
working with and providing reasonable accommodations for
individuals with disabilities. If you are an individual with a
disability and require a reasonable accommodation to complete any
part of the application process and/or need an alternative method
of applying, please email HR@westernalliancebank.com or call
602-386-2488. When contacting us, please provide your contact
information and state the nature of your accessibility issue. We
will only respond to inquiries concerning requests that involve a
reasonable accommodation in the application process.-- Western
Alliance Bancorporation
Keywords: Disability Solutions, Prescott Valley , Construction Disbursement Administrator, Professions , Phoenix, Arizona
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