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Peoples Security Bank & Trust · 2 days ago

Consumer/Residential Loan Closer

Moosic, PA

Full-time

Onsite

Entry Level

2+ years exp

Peoples Security Bank & Trust is a financial institution seeking a Consumer/Residential Loan Closer to support the loan processing function for Residential and Consumer loan transactions. The role involves verifying loan information, coordinating with various departments, and ensuring all necessary documentation is complete and accurate for loan closings.

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

Performs 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

Loan documentationMicrosoft WordMicrosoft ExcelLaserProMortgageBotInterpersonal relationsPC skillsCommunication skills

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 processing positions normally required

Preferred

Knowledge of documentation software (LaserPro and MortgageBot) 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.

Founded in 1905

Scranton, Pennsylvania, USA

201-500 employees