Niraj Patel Email & Phone Number

New York City Metropolitan Area

Manage portfolios consisting of various types of loans with an outstanding balance of $1.8B. Administer new loans and modify or extend existing loans. Review and process loan documents and agreements to prepare loan boarding and advance packages. Complete KYC and compliance related activities to create new CIF, operating account, and reserve account information for LoanIQ and Fiserv. Collaborate with division heads in updating annual business continuity policies and procedures. Oversee quarterly SOX testing. Approve invoices for third party reports including appraisal, Phase I, PCR, Site Inspection reports for Construction Loans, Environmental And Engineering. Liaise between Treasury, Deposit Operations, Loan Operations, Domestic and International Funds Transfer, Credit Administration and Cash Management Division to cross-sell bank products. Create, track, and maintain monthly covenant monitoring for Interest Reserve, FHAD Reconciliation, Construction Completion and DSCR coverage. Key Achievements: Successfully completed Quarterly SOX testing with no exceptions for past 7 years.  Cleared internal audit exceptions and created effective controls to prevent future exceptions.  Developed a Construction Loan monitoring, advancing and tracking of construction progress platform with policies and procedures for all construction loans within all lending units of the bank.

Mahwah, New Jersey, United States

Managed a portfolio of 70 loans with an outstanding balance of $87M. Created and maintained individual loan spreadsheets detailing budget, funding requirements, and allocations of costs. Established construction loans on the CLCS system. Reviewed loan documents, construction loan agreements, inspection reports, and cost reports to ensure accurate loan administration. Assessed monthly requisitions for accuracy and compliance in order to approve advances. Liaised with customers, attorneys, and relationship managers to ensure closing and advances occurred in a timely manner. Issued payoff and partial release documents. Served as member of conversion team for ongoing merger.Key Achievement: Successfully completed all compliance requirements for the past 3 years involving construction lending.

Newark, New Jersey, United States

Managed staff of nine Loan Processors involved in processing and post-closing construction, commercial, small business, and consumer loans. Provided support and training to processing staff. Performed employee performance appraisal reviews and recommended employees for promotions and salary increases.Key Achievements: Successfully managed an appraisal project for 1,100 loans to correct coding issues and improve business loan eligibility.  Analyzed 1,475 loans acquired from Staten Island Bank and Trust for yearly escrow analysis, and identified negative escrow of 130 loans which comprised 20% of loan portfolio

Mahwah, New Jersey, United States

Led team of four responsible for daily incoming and outgoing wire transfer transactions. Updated internal controls to comply with policies and procedures required by state and federal regulations. Managed interface for third party module of cash management used by customers to process wire transfers. Key Achievements: Completed reconcilement with Federal Reserve Bank by updating FedPlus system in accordance with Office of Foreign Assets Control regulations. Received satisfactory rating from auditors.

Mahwah, New Jersey, United States

Managed team of four responsible for commercial loan operations. Performed analytical and logical analysis to resolve issues involving commercial loans, commercial mortgages, small business administration, asset-based lending, and LIBOR loans. Completed daily reconcilement of loans in process, wire, suspense, and general ledger accounts. Key Achievements: Automated Small Business Administration Loan processing to PCFS2000 for portfolio valued at $250,000,000. Led project of imaging of collateral files onto MasterTrack.  Documented standard operational policies and procedures for loan operations. Achieved satisfactory audit rating.

Newark, New Jersey, United States

Managed adjustable rate mortgage portfolio. Served as member of specialized loans task force team.Key Achievements: Directed project to convert check-printing capabilities from mainframe to PC-based system which saved two hours per day in processing.  Resolved open issues for SWAP, LIBOR, capital markets, international and small business administration asset-based and special asset loans. Facilitated system conversion of 4,000 adjustable rate mortgages for mergers and acquisitions.  Transitioned lifetime servicing of adjustable rate mortgages, escrow, and insurance to Roanoke operations area