Loan Servicing Specialist I

S&T Bank; United States; On-site; USD 21,000 - 31,000; Full time

Job summary

S&T Bank's Loan Servicing Center in Indiana, PA, seeks a detail-oriented assistant to provide internal and external customer service while performing administrative duties in support of the Loan Systems Department (Insurance/Escrow processing, Credit Insurance Servicing).

Responsibilities include handling credit insurance, PMI, FNMA processing, and escrow servicing, along with general account maintenance.

Qualifications

• Requires a high school diploma or equivalent basic academic education.

Responsibilities

• Provides internal and external customer service in a centralized Loan Servicing Center.
• Performs various administrative and clerical duties in support of the operation of the Loan Systems Department (Insurance/Escrow processing, Credit Insurance Servicing).
• Credit Insurance/ Debt Cancellation Servicing: assists customers with claims, processing payments, and issues.
• PMI Servicing: processes monthly payments to servicers and assists with cancellations.
• FNMA Processing: daily reporting of payments and related tasks.
• Escrow Servicing: processes tax and insurance payments and monitors escrows.
• Researches and resolves questions for internal and external customers.

Job description

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: Provides internal and external customer service in a centralized Loan Servicing Center and performs various administrative and clerical duties in support of the operation of the Loan Systems Department (Insurance/Escrow processing, Credit Insurance Servicing).

Duties and Responsibilities

• Credit Insurance/ Debt Cancellation Servicing – Includes but is not limited to Assists customers with claims Processing Payments Assists customers with issues that arise Assists S&T Bank Accounting Department with monthly reconcilements of new and current business
• PMI Servicing – Includes but is not limited to Processing monthly payments to Servicers Assists customers with the cancellation process
• FNMA Processing – Includes but is not limited to Daily reporting of Monthly and Biweekly payments using LSDU Daily Cash Remittance using LSDU Loading Participations on all New FNMA Loans Sold
• Escrow Servicing – Incudes but is not limited to Assists with the Semi-Annual Tax payment Processing including preparing tax bills to be paid and paying tax bills before the Discount Date Pays Annual Hazard and Flood Insurance payments Assists with daily reports that monitor new escrows loaded to the system and escrows from paid off loans Assists customers with various escrow issues and questions
• Has a general understanding of the Annual Escrow Analysis process and can assist customers with general questions
• Performs general account maintenance such as billing adjustments, payment schedules, etc. related to Credit Insurance, PMI, and Escrow
• Researches and resolves questions for both internal & external customers
• 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
• Assumes additional duties as required.

Education

Requires a high school diploma or equivalent basic academic education. Employees must demonstrate a strong understanding of the critical components of this position. The employee may progress to the Loan Systems Specialist II position as a senior level processor, after demonstrating a high degree of proficiency in their established duties.

Experience

One to two years general experience.

Physical Demands

Utilizes fingers and manual dexterity skills for typing, filing, and data entry on a frequent basis up to 95% of the business day. Possess the ability to focus visually at a close distance of 18”-20” for a period of up to 85% of the business day. Must be able to occasionally lift and/or move up to 20 lbs, stand, walk, and reach with hand and/or arm throughout the business day. Reasonable accommodations may be made to enable individuals with disabilities to perform essential functions.

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. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor’s legal duty to furnish information. 41 CFR 60-1.35(c)

Salary Range

$15.00 - $22.21

S&T Bank believes in Equal Opportunity for all and is committed to ensuring all individuals, including individuals with disabilities, have an opportunity to apply for those positions that they are interested in and qualify for without regard to race, religion, color, national origin, citizenship, sex, sexual orientation, gender identity, age, veteran status, disability, genetic information, or any other protected characteristic. S&T Bank is also committed to providing reasonable accommodations to qualified individuals so that an individual can perform their job related duties.

If you are interested in applying for an employment opportunity and require special assistance or an accommodation to apply due to a disability, please contact us at: Phone: [phone] Email: [e-mail]