Loan Documentation Admin Job Listing at Valley Bank in New York, NY (Job ID 25-275)

Description

Responsibilities include but are not limited to:

• Act as liaison between loan officers and customers.
• Request and review loan documents for the more complex loans, upon receipt from the Lender -- typically loans that are to close without outside counsel.
• Complete commitment letters for Commercial loans in compliance with Loan Offering requirements.
• Perform UCC and property searches or OFAC and SOS searches as required.
• Perform post closing review of documents for propriety and completeness.
• Follow up on expiring insurance policies to assure continuity of coverage on the Bank's collateral.
• Investigate and determine the approval for release of collateral and loan documents on paid loans.
• Review and investigate overdrafts on a daily basis, to assure resolution of any open items prior to the Bank's cut off time.
• Monitor and update ticklers system for policy and document exceptions, insurance information, and financial data, to include contacting customer / CPAs / insurance companies for expired information.
• Create new collateral files and file documents in existing files or scan documents, as necessary.
• Follow-up for outstanding documentation exceptions on new loans.
• Release documents on paid loans.
• Review on a daily basis the Over Draft Report and follow up on Commercial accounts for payment / rejection within the Bank's daily cut off time.
• Assist Loan Officers on expired line renewals as necessary.
• Assist Department staff with their assigned tasks as needed.
• Monitor AML/ BSA Compliance and update utilizing various ticklers or direction from Manager or Lenders.
• Follow up on past due accounts.
• Problem resolution on customer inquiries.
• Process advances and paydowns on loan portfolio.
• Process extensions and construction advances and issue official checks at closings.
• May prepare wire transfer requests.