RE Loan Processor I

First State Bank; Gainesville (TX); On-site; USD 42,000 - 54,000; Full time

Job summary

First State Bank in Gainesville, TX is seeking a Real Estate Processor to handle paperwork in real estate transactions, focusing on accuracy and data substantiation.

You will draft and review loan documents, ensure compliance with state and federal banking regulations, and coordinate timely delivery of documents to lenders and customers.

Responsibilities

• Draft, Order and or Reviews loan documents and conditions of approval for comments, content and accuracy.
• Required to comply with Bank policies and procedures as well as applicable state and federal banking regulations.
• Review and complete loan documentation and other associated items to ensure the Banks lien position and security interest.
• Timely production and delivery of documents for loans.
• Electronically scan files and documentation such as Loan Closing Documents, Appraisals, Titles, insurance and many other documents according to the electronic file system.
• Monitor insurance related requirements, as well as force placed or OREO related insurance and flood insurance and monitor adequacy of coverage to meet regulatory compliance standards.
• Balance General Ledger and bank control accounts. Process participation loan payments, mail out loan statements/notices and generally serve as a resource for lenders and credit assistants with regard to lien documentation, proper application of loan payments/maintenance, and other service related issues, as well as research and resolve problems in a timely manner.
• Various clerical duties including: answering phone calls, file maintenance, scanning files (loan documents, financials and appraisals, etc.), processing payoff proceeds and processing paid loan security documents, performing collateral release and consulting with management to ensure duties are kept current and performance accurately.
• May be responsible for reviewing loan data for compliance including:
• Prepare all required disclosures within timeframes prescribed by regulations. Order 3rd party documents.
• Review title reports, loan documentation, and credit reports for completeness and accuracy.

Job description

Job Details

Job Location: Corporate - Gainesville, TX 76240

Position Type: Full Time

Job Category: Banking

Summary:

A real estate processor is responsible for obtaining and substantiating the paperwork in a real estate transaction pertaining to an individual's personal and financial data.

Essential Job Duties & Responsibilities:

• Draft, Order and or Reviews loan documents and conditions of approval for comments, content and accuracy.
• Required to comply with Bank policies and procedures as well as applicable state and federal banking regulations.
• Review and complete loan documentation and other associated items to ensure the Banks lien position and security interest.
• Timely production and delivery of documents for loans.

Other Job Duties

• Electronically scan files and documentation such as Loan Closing Documents, Appraisals, Titles, insurance and many other documents according to the electronic file system.
• Monitor insurance related requirements, as well as force placed or OREO related insurance and flood insurance and monitor adequacy of coverage to meet regulatory compliance standards. Balance General Ledger and bank control accounts. Process participation loan payments, mail out loan statements/notices and generally serve as a resource for lenders and credit assistants with regard to lien documentation, proper application of loan payments/maintenance, and other service related issues, as well as research and resolve problems in a timely manner.
• Various clerical duties including: answering phone calls, file maintenance, scanning files (loan documents, financials and appraisals, etc.), processing payoff proceeds and processing paid loan security documents, performing collateral release and consulting with management to ensure duties are kept current and performance accurately.
• May be responsible for reviewing loan data for compliance including:
• Prepare all required disclosures within timeframes prescribed by regulations. Order 3rd party documents.
• Review title reports, loan documentation, and credit reports for completeness and accuracy.