Loan Doc Specialist Job Listing at Valley Bank in Wayne, NJ (Job ID 24-573)

Description

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.