Peoples Security Bank & Trust · 1 month ago
Commercial Loan Closer
Emrick or Moosic,PA,US
Full-time
Onsite
Entry Level
2+ years expPeoples Security Bank & Trust is a financial institution that focuses on providing a variety of banking services. They are seeking a Commercial Loan Closer who will be responsible for supporting loan documentation and processing for commercial and small business loans, ensuring accuracy and compliance throughout the closing process.
BankingFinancial ServicesInsurance
Responsibilities
Responsible for performing a variety of duties to support the loan documentation and loan processing function for commercial/small business, residential, and consumer loan transactions; coordinating work within the department, as well as with other departments; reporting pertinent information to the immediate supervisor; responding to inquiries or requests for information
Performs a variety of duties to support the loan documentation and loan processing function as follows:
Verifies all loan information pertaining to small business and commercial lending in preparation for final loan documentation for closing
Verifies loan approvals to loan policies
Reviews loan applications to verify that application data is complete and meets establishment standards, including full execution by all parties and Bank
Reviews document preparation folders for completeness and accuracy
Informs Lenders and administrative support of missing information, documentation and discrepancies
Verifies loan to values as appropriate to the transaction at hand and for reporting accuracy
Completes and/or follows up on any additional records with regard to the processed loans
Prepares and reviews commercial modification documentation as needed including calculation of adjusted payments
Obtains additional needed information through a variety of methods in order to ensure that the proper preliminary documentation has been obtained prior to the preparation of final loan documentation, i.e. articles of incorporation, business agreements, certificate of good standing, appraisals, automated underwriting findings, investment account statements, etc
Performs review of attorney-prepared loan documentation for accuracy and informs Lenders of necessary changes, as needed
Performs secondary review of loan documentation of other loan closers prior to distribution of loan documents including review of attorney-prepared loan documentation
Generates and distributes loan documentation for closings to Lenders and administrative support; reviews HUD Settlements statements and verifies accuracy and funds to close
Reviews executed loan documentation to ensure that the proper signatures have been obtained after closing including loans where documentation has been prepared by outside counsel; ensures all the proper documents are included in the final loan files and completes the organization of the permanent loan documentation file
Provides support to post-closing loan processor, when necessary, with regards to tracking and preparation of the loan file for imaging and filing
Processes withdrawn, approved not accepted and declined commercial loans as needed for HMDA reporting purposes including generating Adverse Action Notice for loans declined due to poor credit history
Perform tasks which are supportive in nature to the essential functions of the job, but which may be altered or re-designed depending upon individual circumstances
Qualification
Required
A high school diploma or equivalent
Must demonstrate strong communication skills
Moderate interpersonal relations skills
Proficient PC skills, including Microsoft Word and Excel
Working knowledge of loan documentation and requirements for completion
A minimum of two (2) years' experience in related banking/loan closing positions normally required
Preferred
Knowledge of documentation software (LaserPro) a plus
Company
Peoples Security Bank & Trust
Peoples Security Bank & Trust has become one of the largest independent community banks in eastern Pennsylvania with a footprint stretching through Pennsylvania, New York, and New Jersey.
201-500 employees
Funding
Current Stage
Public CompanyTotal Funding
$118M2025-06-06Post Ipo Debt· $85M
2020-06-01Post Ipo Debt· $33M
2014-04-02IPO
Leadership Team
Jeffrey Drobins
Executive Vice President, Chief Lending Officer
Neal Koplin
Senior Executive Vice President - Chief Banking Officer
Recent News
2025-11-01
2025-02-04
Company data provided by crunchbase