Loan Disbursements Specialist
First Commonwealth Bank

As a Loan Disbursements Specialist, your primary responsibility is to represent First Commonwealth Bank in a positive, professional, and personal manner while performing tasks necessary in the support role of preparation of loan documents within the government mandated time frame. Performs the production and remittance of error free loan disclosures in a timely manner; communicates with Supervisor on pending closing issues. Ensures closed loan files are complete and accurate, while adhering to lending policy. Resolves discrepancies, ensures loans updated accurately to core system or applicable interface. Performs the disbursement of funds on all closed loans accurately and according to government mandated time frames, following through on all disbursements to accurate and complete resolution. Completes the filing of mortgages for all real estate secured loans with applicable county. Processes loan maintenance as needed.

Essential Job Responsibilities__________________________________

1. Prepares error free loan disclosures within the government mandated time frames.

2. Ensures closed loan files are examined for completeness and accuracy, adhering to lending policy. Resolve discrepancies as needed and validate loans are updated to core system accurately.

3. Performs the disbursement of funds on all closed loans accurately, according to government mandated time frames, and according to the Loan Disbursement Request and Authorization form. Provides written instruction for each disbursement, where needed, to ensure customer trade lines and mortgage/liens are satisfied per loan requirements. Follow through on all disbursements to accurate and complete resolution.

4. Participates in developing and maintaining procedural manuals, assures work quality, and ensure collaboration and cooperation within department.

5. Performs the filing of mortgages for all real estate secured loans with applicable county. Perform appropriate follow-up on missing or erroneous items so that a clean and error free file is presented to LIFT.

6. Ensures the accurate completion of daily maintenance on assigned loan accounts.

7. Processes the inflow of the paper mail in a timely manner.

8. Provides assistance concerning loan documentation and disbursements, escalating as needed.

9. Maintains working knowledge of Lending Policy and Government Lending Regulations utilizing Regulatory University and Compliance seminars and workshops.

10. Examines the closing files for adherence to Bank Lending Policy and Lending Regulations.

Bona Fide Occupational Qualifications___________________________

1. High School diploma or equivalent is required. Two (2) years of directly related experience within the Financial Services industry is preferred.

2. Strong communication and interpersonal skills, organizational skills, and attention to detail are required.

3. Proficient reading, writing, and grammar skills, analytical and mathematical skills. Proficient computer skills and ability to learn company utilized systems is required.



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)