Peoples Security Bank & Trust · 2 days ago
Consumer/Residential Loan Closer
Moosic, PA
Full-time
Onsite
New Grad, Entry LevelPeoples Security Bank & Trust is a financial institution focused on providing loan services. They are seeking a Consumer/Residential Loan Closer to support the loan processing function for residential and consumer loan transactions, ensuring documentation accuracy and compliance with established standards.
BankingFinancial ServicesInsurance
Responsibilities
Responsible for performing a variety of duties to support the loan processing function for Residential & 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 residential and consumer lending in preparation for final loan documentation for closing
Reviews loan application files to verify that application data is complete and meets establishment standards, including, but not limited to, type and amount of loan, borrower assets, liabilities, and length of employment
Verifies loan applicants’ data submitted and collecting and analyzing information for reporting purposes such as CRA and HMDA
Verifies Approvals to policies to ensure they are within guidelines
Works with Underwriting, Originating and Branch staff and title companies to ensure all pertinent information is gathered based on loan type (Appraisals/Searches/Title work/Insurances/etc.)
Inform Originators and Underwriters of discrepancies in title searches, Appraisals, etc
Follows up and completes any additional records with regard to the processed loans; completes amendments and modifications as needed
Ensures additional needed information is obtained 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. Closing Disclosures
Works with title companies to finalize Closing Disclosures and send completed loan packets
Performs secondary review of other Loan Closer files for completeness and accuracy before loan packet is sent to the Branch or title company for closing
Reviews executed loan documentation to ensure that the proper signatures have been obtained, and the loan file is complete and accurate for the final loan file
Verifies Recorded Mortgage fees post-recordation to ensure any overpayment is refunded to the Borrowers by the Bank or title company
Process and mail all early disclosures for Home Equity Line of Credits
Qualification
Required
Responsible for performing a variety of duties to support the loan processing function for Residential & 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
Verifies all loan information pertaining to residential and consumer lending in preparation for final loan documentation for closing
Reviews loan application files to verify that application data is complete and meets establishment standards, including, but not limited to, type and amount of loan, borrower assets, liabilities, and length of employment
Verifies loan applicants' data submitted and collecting and analyzing information for reporting purposes such as CRA and HMDA
Verifies Approvals to policies to ensure they are within guidelines
Works with Underwriting, Originating and Branch staff and title companies to ensure all pertinent information is gathered based on loan type (Appraisals/Searches/Title work/Insurances/etc.)
Inform Originators and Underwriters of discrepancies in title searches, Appraisals, etc
Follows up and completes any additional records with regard to the processed loans; completes amendments and modifications as needed
Ensures additional needed information is obtained 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. Closing Disclosures
Works with title companies to finalize Closing Disclosures and send completed loan packets
Performs secondary review of other Loan Closer files for completeness and accuracy before loan packet is sent to the Branch or title company for closing
Reviews executed loan documentation to ensure that the proper signatures have been obtained, and the loan file is complete and accurate for the final loan file
Verifies Recorded Mortgage fees post-recordation to ensure any overpayment is refunded to the Borrowers by the Bank or title company
Process and mail all early disclosures for Home Equity Line of Credits
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this position
Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions
While performing the essential job functions of this position, the employee is regularly required to sit, stand, talk, hear, walk, use hands and fingers, handle or feel objects, and reach with hands and arms
At times required to stoop, kneel, bend, crouch and lift up to 25 pounds
This position requires regular use of a computer
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.
Founded in 1905
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
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