Loan Servicing SpecialistValley National Bancorp
Job Summary
Responsibilities include but are not limited to:
- Manage the processing of loan payments, paydowns, payoff requests or other processing of loan fees on core banking system.
- Reviewing and handling of loan funding requests as needed.
- Managing payments processed and reconciling the general ledger to process payments timely.
- Reviewing various reports produced on core banking system.
- Handling any maintenance requests and processing on core banking system.
- Requires understanding of basic to complex loan structures, legal documentation and knowledge of commercial lending products.
- Handle research requests, statement requests or other general inquiries from lending teams.
- Represents the bank with borrowers, borrower attorneys, title companies and internal lending partners.
- Monitoring/Tracking exception items for processing.
Required Skills:
- Experienced in variety of loan servicing activities including all aspects of loan funding, borrowings, paydowns, commitments, etc.
- Loan Administration knowledge, ability to read and interpret a variety of credit agreements.
- Strong knowledge of commercial lending and loan servicing.
- Strong attention to detail, ability to handle multiple tasks simultaneously.
- Knowledge of bank regulatory requirements.
- Strong oral and written communication skills.
- Ability to prioritize daily work assignments while working in a demanding environment.
- Basic loan operational systems experience.
- Ability to trouble-shoot basic loan related functional problems/issues.
- Ability to meet deadlines defined by Bank and regulators.
Required Experience:
- High school diploma or GED equivalent. Minimum of 2 year's bank experience with knowledge of commercial loan servicing and commercial documentation.
Preferred Experience:
- Completion of college level courses in business administration and/or associates degree.
