Intern - Residential Mortgage

Valley National Bank
$41,800.00-$69,400.00
United States, New Jersey, Township Of Washington
Dec 24, 2024
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. 40 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. 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. Exact compensation may vary based on skills, experience, and location. $41,800.00 $69,400.00