Consumer Loan Post Closer at S&T Bank in Indiana, Pennsylvania

Job Description:

Work Days and Expected Hours:

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

(Additional hours as needed to carry out the objectives of the department)

Function:  Performs various post-closing functions including.  Reviews loan documents for compliance, completeness and accuracy. Obtains missing documentation and provides support to both internal and external customers.

Duties and Responsibilities:

• Acquires knowledge of all consumer loan products, all applicable laws and S&T Bank’s Lending Policy to ensure compliance.


• Authorizes and disburses new loan proceeds upon receipt of required documentation for equity loans


• Reviews insurance policies for appropriate limits and coverage.


• Reviews all closed loan packages received to ensure all documents are returned, signed, dated and initialed where applicable.


• Identifies exceptions to be placed for missing documents.


• Assembles and delivers closed loan files.


• Posts fees to appropriate GL accounts


• Systemically funds all consumer loans in the loan origination software.


• Completes on-line dollar.


• Completes branch capture daily of all proof.


• Complete post-close bringdowns on equity refinances to ensure lien perfection.


• Responsible for recording mortgages electronically through vendor websites or ships packages to the appropriate vendor for paper recordation.


• Updates product log (on an ongoing basis) as work is completed.


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


• Maintains a good working relationship with bank employees. Demonstrates strong 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 in turn, the organization.


• Performs all additional duties as required.

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.