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Consumer Loan Processor at S&T Bank

Posted in General Business 30+ days ago.

Type: Full-Time
Location: Indiana, Pennsylvania





Job Description:

North Fifth Street: 355 North Fifth Street, Indiana, PA 15701


Work Days and Expected Hours: 


Monday-Friday: 8:00 am to 5:00 pm


(Additional hours as necessary to meet the objectives of the department)


Function: Responsible for the process and ensures compliance of non-real estate loan applications in accordance with S&T Bank and regulatory guidelines and conditional loan approvals. A Processor must be committed to delivering the highest level of customer service in preparing and reviewing loans files and resolving matters which could delay a loan closing. Communication with the Retail Bankers and all other persons involved in the loan transaction is critical.


Duties and Responsibilities:



  • Analyze loan-to value ratio, debt-to-income, credit report, application and examine supporting documentation to identify potential fraud or misrepresentation.

  • Monitors departmental email address to completes requests and resolves issues consumer loan applications

  • Ensures all required documentation required according to the consumer loan approval are attached to the Consumer Lending loan origination software prior to closing.

  • Satisfy, obtain and verify clearance of any pre-closing underwriting condition(s)

  • Review and verify documentation integrity to ensure it aligns with the consumer underwriting findings

  • Ensures documentation within the application and credit report for documentation by underwriting for mismatches of social security number, date of birth, address, fraud alerts and OFAC.

  •  Stay current with all federal, state regulations, and policies

  •  Maintains logs and reports to be used by the Consumer Lending Management.

  •  Reporting all errors and findings and recommending ideas and actions to improve processes and procedures.

  • Maintains proficiency in the Consumer Lending loan origination software, documentation software, Microsoft Office (Word, Excel, & Outlook), Internet searches, Core Operating System (FIS), imaging system, applicable vendor software along with the upgrades to these programs or replacement software and any other conduit available to process all orders as well as prepare required documentation.

  • Acquires and maintains a thorough knowledge of all applicable banking laws / state and federal regulations and the Bank’s Corporate & Lending Policies / Underwriting Manuals to ensure compliance.

  • Advances knowledge through further education and/or obtaining certifications and attending training, where appropriate, on regulatory, platforms and audit issues or concerns.

  • Assists in the training and development of Consumer Bankers, Consumer Processors and maintenance (including updates) of the Consumer Lending Processing manual to be used as both a training and reference manual.

  • Maintains a positive and productive working relationship with all co-workers, vendors and bank customers. And demonstrates positive interpersonal skills with the ability to work independently as well as motivated to work as a team player to contribute to the success of the department and the Bank.

  • Performs additional job duties as required including any administrative assistance to support the functions of the Consumer Operations Department.

Physical Demands


Operates a keypad device, electronic equipment, office equipment:  90% of the day.  The primary parts of the body involved in performing these tasks are the fingers, thumb, hands, wrists, elbows, legs, lower and upper torso and feet.  The job requires sitting 6 hours per day in a straight and leaning position.  Walking is required one hour per day which is slow in speed.  Requires the use of manual dexterity skills for typing and filing up to 60% of the business day.  Specific vision requirements include close vision of 18”-20” for computer work.  Reasonable accommodations may be made to enable individuals with disabilities to perform essential functions.


 

Bank Operations





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