Loan Processor I

Description :

If you are looking for a great place to work, and reach your potential, look to Peoples Security Bank & Trust. We continue to grow and are always looking for the right people to join our team. #TeamPSBT

Our Loan Processors are 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.

Essential Duties :

• May enter loan application information onto the computer as necessary.
• Verifies loan information pertaining to small business, residential, consumer, and less complex commercial lending in preparation for final loan documentation for closing.
• Verifies loan applicants’ data submitted and collecting and analyzing information which reflects the current credit worthiness of customers and the current merits of existing loans.
• Contacts credit bureau and employers to verify accuracy of information.
• 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.
• Contacts specified companies to obtain property abstract, survey, and appraisal.
• Informs underwriters of discrepancies in title or survey.
• Calculates debt ratios and loan to values as appropriate to the transaction at hand.
• Follows up and completes any additional records with regard to the processed loans; completes amendments and modifications as needed; provides customer support when necessary; makes contact with customers in order to complete loan processing.
• 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.
• Ensures that loans are properly approved and generates and distributes loan documentation for closings between customers, settlement agents (as applicable) and the bank (loan officers and / or branch personnel); 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 file and completes the organization of the permanent loan documentation file.
• Performs file maintenance; inputs exceptions; prepares final documents for imaging and filing.
• Assists in the preparation of Adverse Action Notices to loan applicants.

Benefits Offered to Peoples Security Bank Employees

Company Overview

Since 1905, community has and always will be our purpose. We were founded on the principle to be a bank that people can trust. We would not be where we are today without the dedication that our employees have had since we first opened our doors. Our values still hold true to this day and we are making strides to continue to grow with our amazing team.

We believe that operating with a core set of values will be integral to the success of Peoples Security Bank & Trust for our employees, customers, shareholders and communities.

We believe our team is what makes our organization successful. Hearing their stories show a path of growth and enrichment in their careers. Every single team member truly makes a difference within our company and we're grateful for each employee who chooses to work with us.

Peoples Security Bank and Trust Company is an Equal Opportunity Employer

Requirements :

Education / Training : A high school diploma or equivalent.

Skill(s) : 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.

Experience : A minimum of two (2) years’ experience in related banking / loan processing positions normally required.

Physical Requirements : 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.

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