Mortgage Satisfaction Clerk Job Listing at Valley Bank in Wayne, NJ (Job ID 24-802)

Description

Responsibilities include but are not limited to:

• Review payoff requests received from borrowers, attorneys, title companies or other representatives of the borrower. Ensure borrower has authorized the release of information.
• Process and prepare payoff statement in accordance with the written request and bank policy.
• Deliver payoff request to requesting party timely and in advance of the requested date.
• Verify funds received upon remittance of payoff funds. Secure necessary funds to satisfy the loan when funds are short.
• Review daily reports of loans paid in full and begin the preparation of the cancellation of the Mortgage or Deed of Trust in accordance with local, state or federal guidelines.
• Ensure loan is satisfied by reviewing history; verifying the principal balance is zero.
• Retrieve the Permanent and Collateral files from the File Room. Review files for appropriate documentation to cancel the banks lien against the mortgaged property in a timely manner and in compliance with regulations.
• Prepare cancellation documents for signature by authorized bank personnel and send to the respective County Clerks for cancellation.
• Return documents to borrower showing the loan has been paid in full and the lien has been cancelled of record.
• Prepare completed files for shipping to Archives
• Maintain full compliance with all Regulatory requirements and bank policies and procedures.
• Be able to lift and move boxes up to 20 pounds.