Loan closer [h1.location_city]

Loan Disbursement Specialist

Zions Bancorporation is one of the nation's premier financial services companies operating as a collection of great banks under local brands and management teams in high-growth western markets. Zions is regularly recognized by American Banker as one of the "Best Banks to Work For" and as having a top banking team in its list of "The Most Powerful Women in Banking." Our customers consistently vote us as the best bank in our local markets. We value our employees, and we are committed to search out, recognize and create fulfilling opportunities for outstanding people within our organization, rewarding them for their contributions to our success. We recognize that banking is a "local" business, and that to be successful, we must have very strong ties to the communities we serve and strong relationships with our customers.

We are currently seeking a Loan Disbursement Specialist to join our Construction Disbursements Team located in downtown Salt Lake City, Utah. The Construction Disbursement Administration (CDA) group is responsible for managing roughly 200 commercial construction projects simultaneously. We work with multiple departments around the Bancorp to ensure that construction is progressing properly and all agreements within the loan documentation are being followed by all parties. We have currently switched to a new construction monitoring system and are working to streamline and improve our processes in all aspects of construction monitoring. The Salt Lake City group works closely with one another and we maintain a collaborative mentality when monitoring the construction loans assigned to us. We are looking for someone who is willing to work hard and jump in with both feet into our team and help us maintain our high standards of service within the department.

The Disbursement Specialist will :

• 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.

Requirements :

Location : This position is 5 days in-office and can be filled at our downtown office in any of the following locations :

Pay range (depending on location and experience) : $19-32 / hr

Benefits :

Apply now if you have a passion for impactful outcomes, enjoy working collaboratively with co-workers, and want to make a difference for the clients and communities we serve.