Loan Records Specialist I

S&T Bank•Street, MD

6d•Onsite

About The Position

Perform various clerical duties in support of the Loan Records department. This role involves maintaining good working relationships with bank employees, working independently, and as a team player to contribute to the success of the department and the organization. The position requires performing specific functions within different units, including Commercial Loans, Consumer Loans, Document Imaging and Quality Control, Collateral Insurance, Paid Loans, and handling the release of collateral and preparation of lien satisfaction documents.

Requirements

Requires a high school diploma or equivalent basic academic education.
Up to one year required general experience.

Responsibilities

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.
Setup tracking of document and collateral exceptions for the consumer loan exception report in the tickler systems.
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.
Review new account source and name change reports.
Request FNMA paid loan notes from BNY Mellon.
Sorting of incoming insurance mail by new policies, renewals, cancellations, and reinstatements.
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.
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.
Quality control of images, retention of required original documents and destruction of remaining physical documents.