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Valley Bank · 15 hours ago

Loan Documentation Specialist

Wayne, NJ

Full-time

Onsite

Entry Level

2+ years exp

Valley Bank is a leading relationship bank built for growth, serving clients for nearly 100 years. They are seeking a Loan Documentation Specialist to prepare and ensure the accuracy and compliance of loan documents, work with various software to create documents, and support lenders and legal counsel throughout the loan documentation process.

Banking

H1B Sponsor Likely

Responsibilities

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

Qualification

Commercial Lending knowledgeLoan document creationLien perfection knowledgeDocument interpretationReport writingInterpersonal skillsMicrosoft WordMicrosoft ExcelNCino familiarityMiser familiarityBaker Hill familiarityStatewide familiarityFirst American Flood Data Services familiarity

Required

Extensive knowledge of lending terminology and legal documents used in Commercial Lending

Knowledge of lien perfection and recording requirements

Experience in creating loan documents, including modifications to mortgages and mortgage notes

Ability to read and interpret documents such as loan offerings, commitment letters and procedure manuals

Ability to review title commitments and policies

Ability to write routine reports and correspondence

Ability to use strong interpersonal skills to clarify instructions from lenders, attorneys, and other bank representatives to resolve problems and correct discrepancies that negatively affect the production of loan documents that conform to bank policy

Basic PC skills including Microsoft Word, Excel

High School Diploma or GED and a minimum of two years' experience required in Commercial Loan Documentation, post-closing or other related Commercial Lending area

Preferred

Preferred familiarity with nCino, Miser, Ilien, Baker Hill, Statewide, and First American Flood Data Services software packages

Associates Degree with related experience and/or Paralegal Certificate preferred

Company

Valley Bank

Glassdoor3.2

Valley National Bank is a regional financial institution

Founded in 1927

Wayne, New Jersey, USA

1001-5000 employees

https://www.valley.com/

H1B Sponsorship

Valley Bank has a track record of offering H1B sponsorships. Please note that this does not guarantee sponsorship for this specific role. Below presents additional info for your reference. (Data Powered by US Department of Labor)

Distribution of Different Job Fields Receiving Sponsorship

Represents job field similar to this job

Trends of Total Sponsorships

2025 (18)

2024 (13)

2023 (7)

2022 (11)

2021 (5)

2020 (5)