Lending Specialist

Valley National Bank; Fairfield (NJ); On-site; USD 65,000 - 90,000; Full time

Job summary

Valley National Bank in New Jersey is seeking an experienced loan operations liaison to serve as the primary contact with customers and stakeholders from approval to deal closing and through loan servicing. You will coordinate deal flow with Relationship Managers, review closing documents with counsel or internal prep, and ensure due diligence and regulatory requirements are met.

The role emphasizes risk controls, timely closings, and close collaboration with operations teams to book funding and

Responsibilities

• Liaise with customers/stakeholders from approval to deal closing and life of loan servicing.
• Manage deal flow pipeline with Relationship Managers to ensure timely closings.
• Coordinate and review closing documentation with counsel or internal prep and ensure due diligence and regulatory compliance.
• Assist with execution and process flow of the transaction, escalating issues and designing solutions to cover risks.
• Partner with operations teams to ensure proper booking, reconciliations, and cash positions.
• Ensure initial loan funding and ongoing life of loan activity are properly processed and booked with downstream stakeholders.
• Review loan documents for closing to ensure accuracy and close loans when necessary.
• Communicate with Lenders any issues that arise prior to closing.

Job description

Responsibilities include, but are not limited to:

• Act as the liaison and primary point of contact with internal and external customers/stakeholders from approval to deal closing, as well as being point of contact for questions, requests, and inquiries during life of loan monitoring/servicing.


• Manage deal flow pipeline with Relationship Managers and leading the interaction with internal downstream stakeholders to ensure timely closings.


• Coordinate and review closing documentation (with counsel or internal doc prep) and information with relevant stakeholders for due diligence, application processing, insurance, operational feasibility, optimal execution mechanics, and regulatory requirements.


• Assist with the execution and process flow of the transaction, including escalation of issues and designing solutions that ensure risks are covered through adequate controls and protections. Order necessary documents to complete the file and prepare supplemental documents when necessary.


• Partner with relevant operations teams (closing and servicing departments) to ensure proper booking, accrual reconciliations, and daily cash positions.


• Ensure initial loan funding (if there is a draw at close) and ongoing life of loan activity (payments, draws, payoffs, etc.) are properly processed and booked with downstream stakeholders.


• Carefully review loan documents for closing to ensure accuracy; close loans when necessary.


• Communicate with Lenders any issues that arise prior to closing.