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S&T Bank · 2 months ago

Retail Mortgage Funding Post Closing Specialist

North Fifth Street

Full-time

Hybrid

Entry, Mid Level

$15/hr - $26.44/hr

2+ years exp

S&T Bank is a financial institution that is seeking a Retail Mortgage Funding Post Closing Specialist. The role involves coordinating with settlement agents for timely loan fundings, ensuring compliance and accuracy in loan documentation, and maintaining good relationships with bank employees while performing additional duties as required.

BankingFinancial ServicesWealth Management

Growth Opportunities

Responsibilities

Coordinates with the settlement agent for timely loan fundings and disbursements

Disburses and authorizes new loan proceeds to settlement agents upon receipt of required documentation

Disburses and authorizes construction draw requests to Builders/Contractors upon receipt of required documentation. Send checklist and documentation to the Retail Mortgage Construction Administrator

Ensure accuracy of wire instructions provided by Closing Companies and/or Builders

Maintains a personal identification number (PIN) for initiating and confirming wire transfer requests in compliance with corporate policy, including documenting proper approvals, as necessary, and customer confirmation callbacks

Posts fees to appropriate General Ledger accounts in accordance with corporate policy

Review all funding documents and prior to funding (PTF) conditions to ensure all funding requirements are met per the funding transmittal provided at the time of closing

Assembles and delivers short list of loan documents to Loan Servicing in required order for all loan fundings

Export loan file to CCMC for Loan Servicing

Complete entry to Closed Loans Received List on shared drive

Maintains accurate tracking of funded loans and changes loan statuses in the loan origination system

Reviews all closed loan documents received from the settlement company to ensure all documents are returned, signed, dated, and initialed where applicable

Assembles and delivers closed loan files to Loan Servicing in required order

Identifies document errors and follows up with settlement agents for missing or deficient documentation and conditions. Tracks exceptions in the loan origination system with appropriate follow up

Maintains accurate tracking of items on the funding log/clipboard and closed loans by originators. Accurately changes loan statuses in the loan origination system

Tracks correspondent loan due dates for Loan Records

Ensures all loan documents listed on the Document Audit checklist are received

Ensures all loan conditions outstanding at closing are satisfied

Reviews correspondent documents in accuracy and completeness

Maintains exception tracking log for pended correspondent items

Assembles closed correspondent loan files for delivery to the Loan Records Department

Completion of required checklist(s) per job duty and uploaded to the loan file for retention

Maintains a good working relationship with bank employees. Demonstrates strong interpersonal skills with the ability to work independently, as well as motivated to work as a team player to contribute to the success of the department and in turn, the organization

Performs additional duties as required