Commercial Loan Processor II

Company: Peoples Security Bank & Trust Company
Location: Scranton
Posted on: May 27, 2023

Job Description:

Description: General ResponsibilitiesThe performance of a variety of duties to support the Loan Processing department in the documentation of Commercial and Small Business Loans. Applicants should possess a general understanding of commercial and small business lending and Finastra LaserPro documentation software. The ability to multi-task and prioritize assignments in a fast paced environment is a necessity. Essential DutiesWork directly with the Commercial Administrative staff, Lenders, Portfolio Managers and Credit Analysts to gather and verify information for loan closings:Verify loan has been approved according to the Bank''s loan policyVerify LTV is within guidelinesVerify entity ownership for Beneficial Ownership Verify accuracy of collateral information and that supporting collateral documents are obtained such as Appraisals, searches, title work, insurance, flood certificates, insurance, etc.Utilize websites and other search engines such as county and state websites and tracking vendors to ensure current information is being utilized for loan closingsDetermine, calculate and verify fees associated with loan closingsInput all Commercial and Small business loans into the documentation software including attorney documented loans in order for the loan to be uploaded to the core systems post-closingVerify and complete all CRA/HMDA information in documentation software as necessary for quarterly reportingReview externally prepared (attorney-prepared) loan documentation for accuracyRequest any changes or corrections needed to the documentationProduce additional internal software documents needed in addition to the attorney-prepared loan documents for loan closingsAssist the Post-Closing Loan Processors in ensuring the documentation received once the loan has closed is complete, present, accurate, dated and signedFollow up with Commercial Administrative staff, Lenders and Portfolio Managers with regards to any incomplete or outstanding documentationAssist with tracking in core system for collateral, exceptions, insurance and outstanding items (as necessary)Assist with the setup of customers in the core system (as necessary)Maintenance of customer records (as necessary)Prepares and/or reviews Commercial and Small business loan modifications and any supporting documentation needed for the modification Processes the executed modifications with Loan ServicingProcess HMDA Reportable withdrawn/approved not accepted or declined Commercial and Small business loansProcess Adverse Actions Notices for declined Commercial and Small business loansAssist in training of future Commercial Loan Processors (as necessary) Requirements: Education/Training: A high school diploma or equivalent; specialized loan processing education/training.Skill(s): Communicates clearly in English; proficient reading, writing, grammar, and mathematics skills; moderate interpersonal relations and communicative skills; proficient PC skills, including Microsoft Word and Excel, and knowledge of lending software; moderate knowledge of loan documentation and requirements for completion; proficient in all phases of loan documentation and processing for small business/commercial, residential, and consumer transactions; visual and auditory skills.Experience: A minimum of three (3) years'' experience in related loan processing positions normally required.Equal Opportunity Employer PI188405116

Keywords: Peoples Security Bank & Trust Company, Scranton , Commercial Loan Processor II, Other , Scranton, Pennsylvania