Intern - Residential Mortgage
- Employer
- Valley National Bank
- Location
- Jericho, USA
- Salary
- Competitive
- Closing date
- Feb 23, 2025
View more categoriesView less categories
- Job Function
- Accounting/Audit/Tax
- Industry Sector
- Finance - General
- Employment Type
- Part Time
- Education
- Bachelors
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Job Overview
The Loan Servicing Internship will encompass a hands-on working tour of the commercial and consumer loan servicing departments. The intern will be responsible for assisting with many key functions, activities, special projects and assignments within the department and/or bank.
Job Description
Responsibilities include, but are not limited to:
Requirements
Required Skills:
Required Experience:
The Loan Servicing Internship will encompass a hands-on working tour of the commercial and consumer loan servicing departments. The intern will be responsible for assisting with many key functions, activities, special projects and assignments within the department and/or bank.
Job Description
Responsibilities include, but are not limited to:
- Assist commercial trade and specialized loan teams for direct access to SWAP, Syndication and Participation product processes.
- Assist in loan file documentation including escrow/taxes, closing statements and satisfactions docs.
- Aid the Indirect Auto Loan team on booking and funding loans and ensure all dealer floor plan loans are booked completely accurately.
- Perform research on payments with incomplete information and process various loans using a Burroughs SmartSource Scanner.
- Maintain general ledger reconciliations for various cost centers; reconcile daily GL's to prove to Miser totals.
- Experience the Valley culture and operation, by attending meetings, corporate events and volunteer opportunities.
- Provide feedback to management and discuss aspects of the program.
- Filing, faxing, sorting, researching, organizing, copying, and scanning of various loan documents.
- Sort, distribute, prepare and/or assemble data for daily, weekly and monthly reports.
- Process mailed in check payments, including data entry in relation to check payments in loan operations system.
- Assist with loan statement distribution.
Requirements
Required Skills:
- Excellent verbal and written communications skills.
- Proficiency in Microsoft Office product suite; advanced Excel skills including VLOOKUP, pivot tables, conversion of delimited files, macros, etc.
- Detail-oriented, with the ability to prioritize and organize assignments.
- Ability to work independently or in a team setting.
- Problem-solving skills.
- Demonstrates a high level of professionalism in dealing with confidential and sensitive issues.
Required Experience:
- High school diploma or GED and enrollment in a 2 or 4-year degree program.
- Enrollment in a 4-year college or university with a concentration in Accounting, Economics, Finance or Business preferred.
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