Valley National Bank Job - 38165076 | CareerArc
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Company: Valley National Bank
Location: Wayne, NJ
Career Level: Mid-Senior Level
Industries: Banking, Insurance, Financial Services


The Senior Loan Servicing Clerk will perform general servicing duties related to the Bank's Commercial Loan/Mortgage Portfolio and assist with the training of junior members of the department.   Responsibilities include but are not limited to:

  • General loan servicing duties include booking new loans, preparing payoff letters, processing payments, responding to customer inquiries, scheduled interest rate and payment changes.
  • General proof and reconcilement duties include daily proof of loan application to the General Ledger, monthly GLR 801 proof of the Department's GL accounts to underlying records.
  • Review daily work processed by junior members of the department for errors and omissions.
  • Assist with annual escrow analysis.
  • Prepare management reports including past due, monthly run-off, opened and closed accounts, portfolio yield analysis, GLR 801, etc.
  • Research as required: customer, lender or senior management inquiries, subpoenas, etc.
  • Assist with quarterly Call Report.
  • Assist with Miser release testing.
  • Provide guidance, assistance and training to junior members of the Department.

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