Commercial Loan Processor

Central Penn Bank & Trust•Mifflinburg, PA

About The Position

Responsible for performing various duties to support the loan processing function, coordinating work within the department and with other departments, reporting pertinent information to the immediate supervisor, and responding to inquiries or requests for information.

Responsibilities

Work with lenders to assist in preparing early and closing disclosures for all loan types.
Work closely with members of the lending and lending support teams to assist as needed.
Prepare loan documents in the system for applications and closings, including real estate, personal, credit line, and business loans.
Order appraisals, lien searches, and flood certifications.
Assist with preparing loan commitment letters when needed.
Ensure loan files meet guidelines of investors, mortgage insurance companies, or the RHS guarantee program.
Fund FNMA through ULDD and submit FHLB loans for funding of secondary-market income.
Prepare monthly funding reports for DMI.
Help lenders with questions concerning secondary-market files.
Prepare attorney requisitions.
Schedule loan closings as needed.
Process and disburse closed loans; organize loan documents in loan folders; maintain progress checklists for mortgage files and incomplete lists for secured loans.
Make payoffs to local banks, tax claim offices, and other parties as needed.
Maintain complete loan files and gather necessary documents and information to complete files.
Assist with escrow accounts, including bill disbursements and annual escrow analysis, as needed.
Assist in reviewing loan-system changes, form changes, and modification changes.
Quote and process loan payoffs.
Correct loan payment errors.
Change repayment schedules and automatic payments when required, and ensure the related documents are signed.
Check daily billing and reminder notices.
Process online transfers and loan payments for customers by phone request.
Answer the telephone when needed and assist customers with loan information.
Comply with company policies and procedures.
Perform other administrative duties as assigned.