What are the responsibilities and job description for the Loan Closer position at Plains Land Bank?
Who we are :
Plains Land Bank stands as a symbol of stability and support for agriculture and rural communities for over a century. As a proud member of the esteemed Farm Credit System, we remain steadfast in our commitment to provide reliable, financial services empowering our stockholders to grow their legacies.
With strategic offices in Amarillo, Pampa, Perryton, and Plainview, we provide personalized lending services across 16 counties in the vibrant Texas Panhandle. Our commitment to fostering growth and prosperity in the heart of Texas in unwavering.
At Plains Land Bank, we're not just a financial institution; we're a community. We forge enduring partnerships and equip individuals to 'Own a Piece of Texas', embodying the spirit of resilience and opportunity.
Learn more about us at : www.plainslandbank.com.
We seek out top talent and welcome you to join us in our mission to shape the future of agriculture in rural America.
Position Description :
We are searching for a full-time in office Loan Closer to work in our Amarillo, Texas location. This position ensures 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.
Day-to Day-Duties and Responsibilities :
- 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.
- Research borrower / collateral history including tax lien and judgment search (if not performed by Title Co.) Process UCC filings, searches and billing.
- Verify sufficiency of legal description of the security of the collateral.
- Prepares loan closing statements verifying net loan 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.
- With properly delegated authority, may close loans in the absence of the loan officer and signs the association loan proceeds check.
What You Bring to the Team :
Our ideal candidate lives within a commutable distance from our office in Amarillo, Texas.
It is an important role that covers many skills. This position requires :
General knowledge of the following :
Our benefits :
In addition to a competitive salary, we offer comprehensive, affordable, and competitive benefit options that are focused on health and wellness, financial security, and achieving a work-life balance :
Our culture :
At Plains Land Bank, our culture revolves around community, and our dedicated employees are the heartbeat of our organization. We prioritize their wellbeing providing a stable career path and ample opportunities for professional development and advancement.
As a proud member of the Farm Credit System, we uphold a commitment to fostering personal relationships and connections. Our emphasis on face-to-face interactions and employee engagement cultivates a supportive and inclusive workplace environment where everyone's voice is heard and valued. We celebrate every success as a team, acknowledging the hard work that contributes to our collective achievements.
Important note : We care about your hiring process and take it seriously. A real person will review your applications, meaning response timelines may vary. The interviewing process at Plains Land Bank may include phone calls and emails, on-site interviews, and requests for portfolios or demonstrations of work. We cannot personally follow-up with each applicant, and we will do our best to create a professional, respectful, and thorough process for candidates with whom we identify as a potential fit.
Plains Land Bank is an equal opportunity employer and prohibits discrimination and harassment of any kind. We are committed to providing a work environment that is inclusive and free of bias, where all employees are treated with dignity and respect. We encourage applicants from all backgrounds to apply.