Create a Job Alert.

Enter your email below to save this search and receive job recommendations for similar positions.
Thank you. We'll send jobs matching these to
You already suscribed to this job alert.
0 suggestions are available, use up and down arrow to navigate them
What job do you want?

Loan Documentation Specialist job in Wayne at Valley Bank

Create Job Alert.

Get similar jobs sent to your email

List of Jobs

Apply to this job.
Think you're the perfect candidate?
Loan Documentation Specialist at Valley Bank

Loan Documentation Specialist

Valley Bank Wayne, NJ Full Time
The Loan Documentation Specialist will use software and Word templates to prepare commercial loan documents that accurately represent the loan commitment and terms offered to the borrower. The incumbent will work from the credit memo, loan offering, commitment letter or approval memo to select document required. Depending upon the type of transaction, documents may include promissory notes, loan agreements, mortgages, guaranties, assignments, security agreements, UCC filings, modifications, amendments etc. Completed document package must be accurate, timely, enforceable and must conform to both Bank policies and regulatory requirements.
Responsibilities include, but are not limited to:
  • Prepare loan documents upon receipt of request from the Lender, review loan approval and related supporting documents. Ensure that all required documents, including insurance information, are provided to properly evidence the loan and perfect the bank's security interest.
  • Work with Bank's (Medici or LaserPro) software and other related programs to create documents; ensure the timely delivery of documents to lenders and others as directed.
  • Follow-up with lenders, legal counsel and others for missing items needed to create accurate loan documents.
  • Perform post-closing follow-up with lenders, legal counsel and others for document exceptions and trailing documents.
  • Respond to questions concerning loan documentation from legal counsel, lenders and other staff members. Resolve differences and provide direction to others to facilitate the documentation process.
  • Review "Line of Credit Renewals"; review credit memos, offerings and commitment letters for accuracy and
    conformity to existing loan documentation.
  • Update Bank's (Banker Hill), or equivalent, software with line renewal information.
  • Responsible for producing and reviewing departmental reports submitted to lenders and senior management; provide information to examiners and answer any related questions.
  • Record and track fees; create fee sheet to include with loan packages sent to lenders for closing.
  • Provide support to peers in all facets of the department to perform routine tasks required to run the department and carry out daily various functions.
  • Review all work assignments for accuracy and completeness, answer questions and provide guidance.
  • Provide back-up to Title Reviewers by: performing post-closing review of documents for propriety and completeness, following-up with lenders and legal counsel for missing documents, ensuring timely delivery of loans to Note Department for booking purposes and reviewing associated reports for exceptions and missing documents.
  • Participate in cross training throughout
    Commercial Loan Servicing to be able to provide support and assist in special projects.

Recommended Skills

  • Mortgage Loans
  • Loans
  • Loan Servicing
  • Insurance
  • Reports
  • Memos
Apply to this job.
Think you're the perfect candidate?

Help us improve CareerBuilder by providing feedback about this job:

Job ID: 21-897

CareerBuilder TIP

For your privacy and protection, when applying to a job online, never give your social security number to a prospective employer, provide credit card or bank account information, or perform any sort of monetary transaction. Learn more.

By applying to a job using CareerBuilder you are agreeing to comply with and be subject to the CareerBuilder Terms and Conditions for use of our website. To use our website, you must agree with the Terms and Conditions and both meet and comply with their provisions.