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 will 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 disburse funds associated with construction loan process. One of your key responsibilities is to collaborate with appropriate parties to review loan budgets and new loan setups, evaluate draw packages, draw fundings, track collateral movement, and manage 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 inquiries 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, process incoming wires, and coordinate 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 benefit 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 communication skills. Benefits You'll Love We offer all the important things you'd want, like competitive salaries, an ownership stake, 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. Equal Employment Opportunity Statement 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 View email address on click.appcast.io or call View phone number on click.appcast.io. 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. #J-18808-Ljbffr Western Alliance Bank