S&T Bank
Overview
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Loan Records Specialist I
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S&T Bank Work Location: 355 North Fifth Street, Indiana, PA 15701 Work Hours: Monday - Friday, 8:00am - 5:00pm. Additional hours as needed to fulfill the needs of the department. Salary Range: $15.00 - $21.15 Employment type: Full-time Seniority level: Entry level Job function: Administrative Education: Requires a high school diploma or equivalent basic academic education. Experience: Up to one year required general experience. Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities. The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to compensation information of other employees or applicants as part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor’s legal duty to furnish information. 41 CFR 60-1.35(c) Responsibilities
Perform various clerical duties in support of the Loan Records department. Maintain a good working relationship with all bank employees and demonstrate the ability to work independently; work as a team player to contribute to the success of the department and the organization. Commercial Loans: Document verification of new and modified commercial loans. Identify missing documents, signatures, dates, and collateral to be tracked for renewal. Setup tracking of document exceptions and collateral in tickler systems. Prepare loan documents for scanning, perform quality control of images, retain required original documents, and destroy remaining physical documents. Document importing, filing, retrieval and research of loan documentation. Research and resolve questions for internal and external customers. Assumes additional duties as required. Consumer Loans: Setup tracking of document and collateral exceptions for the consumer loan exception report in tickler systems. Prepare loan documents for scanning, perform quality control of images, retain required original documents, and destroy remaining physical documents. Document importing, filing, retrieval and research of loan documentation. Research and resolve questions for internal and external customers. Assumes additional duties as required. Document Imaging And Quality Control: Document imaging of loan documents, tax receipts, participation shadow files, insurance policies, trailing loan documents, and system maintenance forms. Indexing of documents to the designated loans. Quality control of the images, retention of required original documents, and destruction of remaining physical documents. Review new account source and name change reports. Request FNMA paid loan notes from BNY Mellon. Collateral Insurance: Sorting of incoming insurance mail by new policies, renewals, cancellations, and reinstatements. Indexing of documents to the designated loans and quality control of the images. Review of collateral insurance policies for required information. Format Excel spreadsheets for tracking of collateral insurance. Work insurance reports and update tickler systems for renewal policies on consumer loans. Follow up on cancellations with agents and lenders. Prepare hazard force placed checklists and flood calculation worksheets for lapsed or insufficient insurance coverage on consumer loans. Submit transmittals for force placement of insurance on consumer loans. Produce customer form letters in Microsoft Word. Document importing, filing, tracking, retrieval and research of consumer loan documentation. Research and resolve questions for internal and external customers. Assumes additional duties as required. Paid Loans: Review paid loan reports and pull physical loan folders for processing. Release of collateral held on loans: vehicle titles, assignment of life insurance, brokerage or stock, and termination of UCC filings. Preparation of partial real estate releases and mortgage/assignment of rent satisfaction pieces for satisfaction of liens at courthouses. Update collateral tracking items in tickler systems. Calculation of prepayment penalties and loan payoff quotes/letters. Issuance of letters of guarantee of vehicle title. Produce and mail paid loan letters to borrowers. Document importing, filing, tracking, retrieval, and research of loan documentation. Quality control of images, retention of required original documents, and destruction of remaining physical documents. Research and resolve questions for internal and external customers. Assumes additional duties as required. Qualifications
Education: High school diploma or equivalent. Experience: Up to one year of general experience.
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Join to apply for the
Loan Records Specialist I
role at
S&T Bank Work Location: 355 North Fifth Street, Indiana, PA 15701 Work Hours: Monday - Friday, 8:00am - 5:00pm. Additional hours as needed to fulfill the needs of the department. Salary Range: $15.00 - $21.15 Employment type: Full-time Seniority level: Entry level Job function: Administrative Education: Requires a high school diploma or equivalent basic academic education. Experience: Up to one year required general experience. Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities. The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to compensation information of other employees or applicants as part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor’s legal duty to furnish information. 41 CFR 60-1.35(c) Responsibilities
Perform various clerical duties in support of the Loan Records department. Maintain a good working relationship with all bank employees and demonstrate the ability to work independently; work as a team player to contribute to the success of the department and the organization. Commercial Loans: Document verification of new and modified commercial loans. Identify missing documents, signatures, dates, and collateral to be tracked for renewal. Setup tracking of document exceptions and collateral in tickler systems. Prepare loan documents for scanning, perform quality control of images, retain required original documents, and destroy remaining physical documents. Document importing, filing, retrieval and research of loan documentation. Research and resolve questions for internal and external customers. Assumes additional duties as required. Consumer Loans: Setup tracking of document and collateral exceptions for the consumer loan exception report in tickler systems. Prepare loan documents for scanning, perform quality control of images, retain required original documents, and destroy remaining physical documents. Document importing, filing, retrieval and research of loan documentation. Research and resolve questions for internal and external customers. Assumes additional duties as required. Document Imaging And Quality Control: Document imaging of loan documents, tax receipts, participation shadow files, insurance policies, trailing loan documents, and system maintenance forms. Indexing of documents to the designated loans. Quality control of the images, retention of required original documents, and destruction of remaining physical documents. Review new account source and name change reports. Request FNMA paid loan notes from BNY Mellon. Collateral Insurance: Sorting of incoming insurance mail by new policies, renewals, cancellations, and reinstatements. Indexing of documents to the designated loans and quality control of the images. Review of collateral insurance policies for required information. Format Excel spreadsheets for tracking of collateral insurance. Work insurance reports and update tickler systems for renewal policies on consumer loans. Follow up on cancellations with agents and lenders. Prepare hazard force placed checklists and flood calculation worksheets for lapsed or insufficient insurance coverage on consumer loans. Submit transmittals for force placement of insurance on consumer loans. Produce customer form letters in Microsoft Word. Document importing, filing, tracking, retrieval and research of consumer loan documentation. Research and resolve questions for internal and external customers. Assumes additional duties as required. Paid Loans: Review paid loan reports and pull physical loan folders for processing. Release of collateral held on loans: vehicle titles, assignment of life insurance, brokerage or stock, and termination of UCC filings. Preparation of partial real estate releases and mortgage/assignment of rent satisfaction pieces for satisfaction of liens at courthouses. Update collateral tracking items in tickler systems. Calculation of prepayment penalties and loan payoff quotes/letters. Issuance of letters of guarantee of vehicle title. Produce and mail paid loan letters to borrowers. Document importing, filing, tracking, retrieval, and research of loan documentation. Quality control of images, retention of required original documents, and destruction of remaining physical documents. Research and resolve questions for internal and external customers. Assumes additional duties as required. Qualifications
Education: High school diploma or equivalent. Experience: Up to one year of general experience.
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