Job Details

Legal Staff Paralegal in Clearwater, FL

This job is expired...

Company name

Valley National Bank

Organization Type


Job Type

Legal Staff

Practice Area

Finance - Banking

Years of Experience

Min 2 yrs required


USA Clearwater, FL

Date Last Verified

Oct 03,2018

Posted on

Aug 11,2018

22 hits


Loan Doc Specialist The candidate will use software and Word templates to prepare commercial loan documents that accurately represent the loan commitment and terms offered to the borrower. Prepare loan documents upon receipt of request from the Lender; review offerings. Read and interpret commitment letters to ensure conformity of paperwork. Work with Bank's (Medici) 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. 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"; inspect offerings and commitment letters for accuracy and conformity to existing loan documentation. Create new loan documentation as needed; verify that all mortgage, UCC, insurance information is correct and complete. Update Bank's (Banker Hill) 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. Supervise work of Documentation Clerk: preparation of original UCCs, UCC continuations and amendments, UCC, property and flood searches as required; review searches for accuracy and completeness prior to creating loan documents. Record and track fees; create fee sheet to include with loan packages sent to lenders for closing. Train subordinates in all facets of department to: perform functions required to run unit on a daily basis, interpret loan documentation needs from loan offerings and commitment letters, understand and use the Bank's (Medici) software and other related programs, and timely create simple loan documents. Review all work assignments for accuracy and completeness, answer questions and provide guidance. Provide back-up to Post Closing Specialist 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.

Qualification and Experience

The candidate should have a High School Diploma or GED and a minimum of two(2) years' experience required in Commercial Loan Documentation, post closing or other related Commercial Lending area. Associates Degree with related experience preferred. Paralegal Certificate preferred. 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 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 effect the production of loan documents that conform to bank policy. Basic PC skills including Microsoft Word, Excel. Preferred familiarity with Miser, Ilien, Baker Hill, Statewide, and First American Flood Data Services software packages.

Additional info

Job no -18-291

Company info

Hiring Coordinator
Valley National Bank
1455 Valley Road
Wayne, NJ 07474-0558