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Loan Processor
Location:
Lindale, TX
Description:
Company Profile Heritage Land Bank provides innovative financing solutions other banks simply can't offer when it comes to rural real estate, agricultural operations, agribusinesses and country homes. Founded in 1917, Heritage Land Bank is a member of the Farm Credit System, a nationwide network of rural lending cooperatives. With headquarters located in Tyler, Heritage Land Bank operates across 16 Texas counties ranging from Dallas-Fort Worth to Lufkin. To learn more, visit heritagelandbank.com . Education and Experience Requirements High school graduate plus two (2) to four (4) years of experience in land or title examination and/or loan documentation preparation with a working knowledge of consumer compliance regulations. This position requires excellent interpersonal and communication skills. Job Scope Ensure preparation of loan closing requirements and instruments within accepted procedures and guidelines of the association and prepares loan closing packages. Performs title review and certification of liens covered by title insurance. Approves disbursement of loan proceeds. Essential Functions: Prepare preliminary loan packet for review by Attorney, Loan Operations/Compliance Manager or other designee. Perform review of PCA closed loans. If necessary, prepare and send corrective action communication concerning deed of trust defects and needed title policy endorsements. Follow-up as needed. File all UCC continuation statements and maintain Cardinal with expiration dates. Account set up of new loans in Cardinal (transfer of information from ADS II to Cardinal). Check in all deeds of trust, title policies, etc. from branch offices and title companies. Scanning and placing all paid packets in SharePoint branch loan files. Review commitments for title insurance to substantiate adequacy of the title to meet regulatory and association requirements. Organizes loan closing requirements and instruments in compliance with all bank and association policies, procedures, and regulations. Ensures all requirements are met prior to closing and assists the Loan Officer in coordinating the date, time and place for the loan closing. Assembles and compiles documents for closing, such as insurance forms, loan forms, and flood certificates. Examines loan applications and closing documents for accuracy and completeness. Verify sufficiency of legal description of the security of the collateral. Prepares loan closing statements verifying net loans proceeds, loan maturity dates and initial interest and principal repayment dates. Requests and approves loan proceeds (wire transfers) and verifies receipt of funds by the title company. Prepares various statements to meet requirements of the Truth-in-Lending Act as required (i.e. Disclosure, RESPA, Right to Cancel) Reviews post-closing documents such as title policies, deeds of trust, assignments and additional collateral. Ensures that all documents have been properly signed, witnessed and notarized by all required individuals. Research borrower/collateral history including tax lien and judgment search (if not performed by Title Co.) Process UCC filings, searches and billing. Obtains an insurance binder for collateral insurance if required prior to funding and provides binder to the title company. Job Posted by ApplicantPro
Company:
Heritage Land Bank
Posted:
December 26 2023 on ApplicantPro
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More About this Listing: Loan Processor
Loan Processor is a Accounting & Finance Loan Processor Job at Heritage Land Bank located in Lindale TX. Find other listings like Loan Processor by searching Oodle for Accounting & Finance Loan Processor Jobs.
Loan Processor is a Accounting & Finance Loan Processor Job at Heritage Land Bank located in Lindale TX. Find other listings like Loan Processor by searching Oodle for Accounting & Finance Loan Processor Jobs.