Construction Disbursement Administrator

Job Title:

Construction Disbursement Administrator Location:

Biltmore What you'll do: As a Construction Disbursement Administrator you'll be responsible for supporting the business unit in completing duties involved with the disbursement process on all construction loans. You'll work closely with lenders, borrowers, title companies, voucher control companies, and third party vendors to assist in the facilitation of gathering the appropriate documentation in order to appropriately disburse funds associated with construction loan process. One of your key responsibilities is to collaborate with appropriate parties to review the loan budgets and new loan setups, evaluate draw packages, draw fundings, track collateral movement and managing pre and post-construction processes to ensure the bank satisfies its responsibilities. Responsible for supporting the business unit in the ordering of third-party cost/construction reviews. Serve as a liaison between loan closers, underwriters, Relationship Managers and Construction Risk Administration prior to boarding loans. Ensure submissions comply with bank policies and procedures, and that completed documentation is accurate and properly maintained. Prepare the orders and review construction oriented title endorsements as outlined in the lender's closing instruction letter and/or loan agreement and respond to inquires as they arise. Ensure accurate and efficient communication to loan officers and management of liens, project budget issues, or other conditions that increase the bank's risk. Prepare and organize loan draw packages, ensuring quality, completeness and accuracy, prior to submitting to the scanning department for upload. Issue demand statements to title, processes incoming wires, and coordinates the partial release from the bank's collateral. Coordinate with borrower, contractor, bank personnel, third party vendors and voucher control services on all documentation necessary to set-up new and ban control accounts. Order and review construction oriented title endorsements as outlined in the lender's closing instruction letter. What you'll need: 1+ years of related experience in Loan Administration, Lending and/or Deposit Sales, Other or similar field. High school diploma required. Entry level to intermediate knowledge of general banking operations, including deposit operations, loan administration, treasury management and/or other commercial banking products and services. Entry level to intermediate knowledge of applicable regulatory and legal compliance obligations, rules and regulations, industry standards and practices. Entry level speaking and writing communications skills. 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, Member FDIC, is a wholly owned subsidiary of Western Alliance Bancorporation. Serving clients nationwide, Western Alliance Bank includes six legacy bank brands — Alliance Association Bank, Alliance Bank of Arizona, Bank of Nevada, Bridge Bank, First Independent Bank and Torrey Pines Bank — that remain part of the company's heritage, as well as AmeriHome Mortgage, 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 About Western Alliance Bancorporation With more than $80 billion in assets, Western Alliance Bancorporation (

NYSE:

WAL) is one of the country's top-performing banking companies. Through its primary subsidiary, Western Alliance Bank, Member FDIC, clients benefit from a full spectrum of tailored commercial banking solutions and consumer products, all delivered with outstanding service by industry experts who put customers first. Major accolades include being ranked as a top U.S. bank in 2023 by American Banker and Bank Director. Serving clients across the country wherever business happens, Western Alliance Bank operates individual, full-service banking and financial brands with offices in key markets nationwide. For more information, visit Western Alliance Bancorporation. For more information, visit Western Alliance Bank online. Terms & Notices Privacy Policy FDIC Insurance