What are the responsibilities and job description for the Loan Documentation Specialist position at PlainsCapital Bank?
Benefit highlights: 11 Paid Holidays, 15 days of PTO, 401k Matching, Health Benefits, and more!
Under limited supervision, the Loan Closer - SFR with PlainsCapital Bank assists in processing daily Single-Family Residence loan documentation requests by tracking the loan pipeline. Responsibilities include preparing early disclosures, ordering flood certificates, title work, appraisals, and appraisal reviews as needed. Works with title companies to ensure HUD and/or Closing Disclosure (CD) statements are completed accurately and reviews/approves them. Verifies that loans are closed according to regulatory and loan policy standards and ensures all requests are fulfilled within designated guidelines. Orders and reviews loan documents and funds loans. This position supports Commercial and Consumer Single Family Residence loan closings.
Responsibilities
PlainsCapital Bank was founded in 1988 by a group of young bankers who dreamed of bringing relationship banking to their hometown of Lubbock, Texas. With the acquisition of Plains National Bank, a Lubbock financial institution with one branch and approximately $198.8 million in assets, they began growing the bank one relationship at a time.
Over 30 years later, PlainsCapital Bank has held fast to its tried-and-true relationship-based culture and its commitment to financial strength and stability. PlainsCapital Bank ranks sixth among the largest banks headquartered in Texas by deposits and has a statewide presence with approximately 55 locations in markets such as Austin, the Coastal Bend, Dallas, Fort Worth, Houston, Lubbock, the Rio Grande Valley, and San Antonio. Backed by decades of experience, our knowledgeable bankers are renowned for their straightforward approach and for taking exceptional care of their clients. They bring both financial and industry expertise along with vast local market knowledge to each client relationship.
PlainsCapital Bank conducts both commercial and consumer banking, providing a full suite of commercial banking products and services to fit any business model and convenient services, personal attention, and account features to help simplify managing personal finances.
PlainsCapital Bank continues to remain strong and stable, delivering highly personalized service and a single point of contact to help customers reach their financial goals.
To learn more, please visit us online at plainscapital.com/about .
Under limited supervision, the Loan Closer - SFR with PlainsCapital Bank assists in processing daily Single-Family Residence loan documentation requests by tracking the loan pipeline. Responsibilities include preparing early disclosures, ordering flood certificates, title work, appraisals, and appraisal reviews as needed. Works with title companies to ensure HUD and/or Closing Disclosure (CD) statements are completed accurately and reviews/approves them. Verifies that loans are closed according to regulatory and loan policy standards and ensures all requests are fulfilled within designated guidelines. Orders and reviews loan documents and funds loans. This position supports Commercial and Consumer Single Family Residence loan closings.
Responsibilities
- Prepares early disclosures (including Loan Estimates).
- Contacts title companies for estimated fees.
- Tracks loan pipeline and maintains a volume of approximately 25 loans.
- Orders flood certificates and follows flood procedures when a property is in a flood zone.
- Orders title work and coordinates closing with title companies.
- Compares credit scoring system and pricing matrix to ensure correct rate.
- Prepares appraisal engagement letters and orders appraisal reviews.
- Reviews and approves HUD and/or Closing Disclosures.
- Prepares order sheet and provides attorney with required items to order loan documents.
- Verifies initial and final APRs are within tolerance and meets Regulation Z standards.
- Runs HPML calculations and calculates escrow amounts on required loans.
- Calculates funding amounts, sends required items to Note Department for booking, and inputs wire information into wire system.
- Performs other duties as assigned.
- Acts as backup for consumer residential loan closings.
- Reviews and prepares final closing package and ships to Lubbock credit department
- High School diploma, general education degree (GED), or equivalent required.
- 2 years of experience in lending or loan operations field required.
- Knowledge of real estate loan documentation required.
- Knowledge of Flood Regulation requirements preferred.
- Excellent verbal, written and interpersonal communication skills.
- Excellent PC skills, including word processing and spreadsheets via Microsoft Office products as well as custom applications and systems.
- Excellent time management, organizational, and problem-solving skills with the ability to multi-task and work in a deadline-driven environment.
- Must be self-motivated with strong attention to detail and high level of accountability.
PlainsCapital Bank was founded in 1988 by a group of young bankers who dreamed of bringing relationship banking to their hometown of Lubbock, Texas. With the acquisition of Plains National Bank, a Lubbock financial institution with one branch and approximately $198.8 million in assets, they began growing the bank one relationship at a time.
Over 30 years later, PlainsCapital Bank has held fast to its tried-and-true relationship-based culture and its commitment to financial strength and stability. PlainsCapital Bank ranks sixth among the largest banks headquartered in Texas by deposits and has a statewide presence with approximately 55 locations in markets such as Austin, the Coastal Bend, Dallas, Fort Worth, Houston, Lubbock, the Rio Grande Valley, and San Antonio. Backed by decades of experience, our knowledgeable bankers are renowned for their straightforward approach and for taking exceptional care of their clients. They bring both financial and industry expertise along with vast local market knowledge to each client relationship.
PlainsCapital Bank conducts both commercial and consumer banking, providing a full suite of commercial banking products and services to fit any business model and convenient services, personal attention, and account features to help simplify managing personal finances.
PlainsCapital Bank continues to remain strong and stable, delivering highly personalized service and a single point of contact to help customers reach their financial goals.
To learn more, please visit us online at plainscapital.com/about .