Loan Closer - Single Family Residential

Hilltop Holdings•Dallas, TX

About The Position

Under limited supervision, the Loan Closer - SFR at PlainsCapital Bank assists with processing daily Single-Family Residence loan documentation requests by tracking the loan pipeline. The role supports Commercial and Consumer Single Family Residence loan closings. Duties include preparing early disclosures; ordering flood certificates, title work, appraisals, and appraisal reviews; coordinating with title companies to complete HUD and/or Closing Disclosure statements accurately; and reviewing and approving those statements. The Loan Closer verifies that loans are closed according to regulatory and loan policy standards, fulfills requests within designated guidelines, orders and reviews loan documents, and funds loans. The position maintains a pipeline of approximately 25 loans, prepares closing and funding materials, verifies APRs and regulatory calculations, and helps ensure completed loan packages are sent to the appropriate department. It also acts as backup for consumer residential loan closings and performs other duties as assigned.

Requirements

High school diploma, GED, or equivalent required.
Two years of experience in lending or the loan operations field required.
Knowledge of real estate loan documentation required.
Excellent verbal, written, and interpersonal communication skills.
Excellent PC skills, including word processing and spreadsheets using Microsoft Office products, as well as custom applications and systems.
Excellent time-management, organizational, and problem-solving skills, with the ability to multitask and work in a deadline-driven environment.
Self-motivated, with strong attention to detail and a high level of accountability.

Nice To Haves

Knowledge of flood regulation requirements preferred.

Responsibilities

Prepares early disclosures, including Loan Estimates.
Contacts title companies for estimated fees.
Tracks the 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 closings with title companies.
Compares the credit scoring system and pricing matrix to ensure the correct rate.
Prepares appraisal engagement letters and orders appraisal reviews.
Reviews and approves HUD and/or Closing Disclosures.
Prepares order sheets and provides attorneys with required items to order loan documents.
Verifies initial and final APRs are within tolerance and meet Regulation Z standards.
Runs HPML calculations and calculates escrow amounts for required loans.
Calculates funding amounts, sends required items to the Note Department for booking, and inputs wire information into the wire system.
Acts as backup for consumer residential loan closings.
Reviews and prepares the final closing package and ships it to the Lubbock credit department.
Performs other duties as assigned.