Pre-Closing Insurance Specialist

Valley National Bank; New York (NY); On-site; USD 70,000 - 90,000; Full time

Job summary

Valley National Bank is seeking an Insurance Review Specialist to manage pre-closing insurance reviews for real estate loans in New York. You will verify coverage, advise on requirements, and ensure compliance with flood regulations.

Duties include pre- and post-closing reviews, record-keeping, audits, and supporting regulatory exams; you will collaborate with lenders, compliance, and Loan Servicing. Familiarity with Credit Policy and federal changes is a plus; strong attention to detail is

Responsibilities

• Serve as primary contact for pre-closing insurance review, ensuring adequate insurance is in place prior to loan closing; reviewing insurance requirements and policies, making recommendations and adjustments, and ensuring compliance with federal flood regulations and Credit Policy.
• Perform pre- and post-closing reviews of real estate-secured loans, verifying flood determinations, required forms, and coverage accuracy.
• Perform review of property and liability insurance limits and any other insurance requirements as applicable prior to loan closing to ensure adequate insurance coverage and compliance with Credit Policy and Bank requirements.
• Resolve discrepancies and deficiencies by working with lenders, compliance teams, Loan Servicing and insurance agencies; escalating regulatory risks as needed.
• Maintain accurate records and tracking systems, including policy details, expiration dates, coverage requirements, and flood zone changes.
• Conduct audits and portfolio reviews as necessary.
• Support regulatory exams, policy updates, and training, assist with OCC reviews, update procedures per federal changes, and prepare lender guidance.

Job description

Responsibilities

• Serve as primary contact for pre‑closing insurance review, ensuring adequate insurance is in place prior to loan closing; reviewing insurance requirements and policies, making recommendations and adjustments, and ensuring compliance with federal flood regulations and Credit Policy.
• Perform pre‑ and post‑closing reviews of real estate‑secured loans, verifying flood determinations, required forms, and coverage accuracy.
• Perform review of property and liability insurance limits and any other insurance requirements as applicable prior to loan closing to ensure adequate insurance coverage and compliance with Credit Policy and Bank requirements.
• Resolve discrepancies and deficiencies by working with lenders, compliance teams, Loan Servicing and insurance agencies; escalating regulatory risks as needed.
• Maintain accurate records and tracking systems, including policy details, expiration dates, coverage requirements, and flood zone changes.
• Conduct audits and portfolio reviews as necessary.
• Support regulatory exams, policy updates, and training, assist with OCC reviews, update procedures per federal changes, and prepare lender guidance.