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Company: Valley Bank
Location: Wayne, NJ
Career Level: Associate
Industries: Banking, Insurance, Financial Services

Description

Responsibilities include but are not limited to:

  • Perform post-closing review of required loan closing documents for accuracy and completeness; review loan approval; read and review commitment letters if applicable.
  • Ensure all closing documents and regulatory documents are provided to properly evidence the loan and perfect the bank's security interest.
  • Perform post-closing follow up with lenders and legal counsel for missing or corrected documents, and obtain proper approvals to waive required items if necessary.
  • Respond to questions concerning loan documentation from lenders, legal counsel or other bank colleagues.
  • Follow up to ensure all loan closing packages are received timely from various lending teams and provide direct communication and timely reporting to all business lines -- escalate items to Management when needed.
  • Collaborate with internal departments (closing, funding, booking, and quality control) to resolve discrepancies or missing documentation.
  • Ensure adherence to established service standards, including maintaining confidentiality of work-related information and materials.
  • Effectively use interpersonal and communications skills, including tact and diplomacy, and maintain a cooperative and professional manner with internal and external customers.
  • Support audit and internal review requests.
  • Accurately complete the post-closing information on the Enterprise Loan Servicing Log.


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