Loan Closer - SFR Loans

Job Description

Benefit highlights: 11 Paid Holidays, 15+ days of PTO, 401k Matching, Health Benefits, and more!

Under limited supervision, assists in processing daily Single Family Residence loan documentation requests by tracking the loan pipeline. Prepares early disclosures and orders flood certificates, title work, appraisals, and appraisal reviews as needed. Works with the title company to ensure the HUD is completed correctly and then reviews/approves HUD statements. Verifies that loans are closed according to regulatory and loan policy standards and ensures that all requests are fulfilled within designated guidelines. Orders and reviews loan document as well as funds loans. This position will support the Commercial Single Family Residence loan closings.

Responsibilities

• Prepares early disclosures.
• 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 corresponds with the title company in coordinating the closing.
• Compares credit scoring system and pricing matrix to ensure correct rate is being given.
• Prepares appraisal engagement letters and orders appraisal reviews as requested.
• Reviews and approves HUD.
• Prepares order sheet and provides attorney with required items to order loan documents.
• Verifies initial and final APRs are within tolerance and that the loan is closing within the required 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.
• Acts as backup for consumer residential loan closings.
• Reviews and prepares final closing package and ships to Lubbock credit department.
• Performs other duties as assigned.
  
  
  

Qualifications

• 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.
  
  
  

The above statements are intended to describe the general nature and level of work being performed by individuals in, or assigned to, the above position and are not intended to be construed as an exhaustive list of all responsibilities, duties and skills required, and may be changed at the discretion of the Company.

About Us

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 59 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 .