Loan Records Specialist Job Lower Merion area,Pennsylvania USA,Administrative/Clerical

Position: Loan Records Specialist I

Location:

355 North Fifth Street

Indiana, PA 15701

Hours:

Monday - Friday: 8:00AM - 5:00PM

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

Function:

Perform various clerical duties in support of the Loan Records department.

Duties and Responsibilities:

Maintains a good working relationship with all bank employees. Demonstrates the ability to work independently Works as a team player to contribute to the success of the department and in turn the organization

Performs the following functions within the specified unit:
Commercial Loans:

Document verification of new and modified commercial loans. Identification of missing documents, signatures, dates, and collateral to be tracked for renewal.
Setup tracking of document exceptions and collateral in tickler systems
Preparation of loan documents for scanning, quality control of images, retention of required original documents and destruction of remaining physical documents.
Document importing, filing, retrieval and research of loan documentation
Researches and resolves 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 the tickler systems
Preparation of loan documents for scanning, quality control of images, retention of required original documents, and destruction of remaining physical documents.
Document importing, filing, retrieval and research of loan documentation
Researches and resolves 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.
Researches and resolves 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 the 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.
Researches and resolves questions for internal and external customers
Assumes additional duties as required

Education:

Requires a high school diploma or equivalent basic academic education.

Experience:

Up to one year required general experience.

Physical Demands:

Operates a keypad device or office equipment: 90% of the day. Standing is required 10% of the day which includes bending. Sitting is required 90% of the day in a straight position. Walking is required 5% of the day which is slow is speed. Routinely lifts 10 lbs. Must be able to occasionally lift and/or move up to 25 lbs. Reasonable accommodations may be made to enable individuals with disabilities to perform essential functions.

Offered rates and salaries may vary based on geographic location, market data and on experience, education, and evidenced position specific skill requirements.

For roles that are incentive eligible, payment is based upon the plan document and company, business, and/or individual performance.

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.…