What are the responsibilities and job description for the Universal Loan Processor position at Peoples Trust & Savings Bank?
JOB DESCRIPTION FORM
Job Title: Universal Loan Processor
Location: Paradise Branch (Newburgh, IN)
FLSA Status: Non-Exempt
Reports To: Loan Processing Manager
Job Summary / Overview
Peoples Bank is seeking a detail-oriented and customer-focused Loan Processor to join our Loan Processing team. This role is responsible for processing commercial, mortgage, and consumer loan applications from origination through closing, ensuring compliance with bank policies and regulatory requirements. The ideal candidate will possess strong organizational skills, a commitment to accuracy, and the ability to work collaboratively with internal teams and external clients.
Duties / Responsibilities
- Prepare and review loan documentation and verify loan documentation for compliance and completeness
- Review attorney prepared documents for accuracy and completeness
- Build and review loan files prior to closing, including handling escrow taxes and insurance, to determine that all documents have been obtained and appropriately signed
- Follow up with clients as needed to answer questions and clarify information.
- Responsible for communicating with lenders, borrowers and attorneys and coordinating the delivery of required documents prior to closing
- Coordinate loan closings with title companies and/or attorneys
- Establish and maintain a good working relationship with lenders as well as 3rd party vendors
- Provide accurate loan documents that calculate the appropriate conditions, identify the terms of repayment, and protect the bank’s collateral interest
- Perform loan funding functions; payoffs to other lending institutions; Verify receipt of all applicable documents with appropriate signatures prior to funding
- Disburse loans and prepare wire transfer instructions, deposit tickets, cashier’s check and general ledger tickets. Coordinate with branch employees to establish checking accounts related to approval conditions.
- Coordinate and/or send loan documents for recording (Deeds of Trusts, UCC liens, etc.)
- Purge outdated loan paid files annually and segregate most recent paid files for record retention, verifying all releases and notes have been sent to borrowers and information is noted accurately
- Scan loan documentation and other supporting documents
- Research and support for loan operations, resolve questions relating to loan structure and legal issues
- Additional duties as assigned
Required Skills / Abilities
- Basic computer skills; working knowledge of Microsoft Word and Excel
- Organization skills and ability to multi-task in a busy environment
- Strong attention to detail
- Good customer service and communication skills - both verbal and written
- Ability to problem solve and work independently
- Learn and attain proficiency with Bank’s software
- Extensive knowledge of bank products, commercial, mortgage, and consumer loan requirements
Education and Experience
- Commercial Loan Processing experience of at least 2 years is preferred
- High School diploma required, some college preferred
Physical Requirements
- Must be able to lift boxes of files approx. 20 pounds
- Ability to climb ladders to reach files on shelves
- Push carts with files
Why Join Peoples Bank?
At Peoples Bank, we are committed to building strong relationships with our customers and communities. We offer a supportive work environment, opportunities for professional growth, and a culture rooted in integrity and service.
Job Type: Full-time
Benefits:
- 401(k)
- 401(k) matching
- Dental insurance
- Employee assistance program
- Health insurance
- Health savings account
- Life insurance
- Paid time off
- Parental leave
- Professional development assistance
Education:
- High school or equivalent (Preferred)
Experience:
- Loan Processing: 2 years (Preferred)
Work Location: In person