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Loan Documentation Specialist - Collateral Analysis
PlainsCapital Bank
2021-12-03 07:32:14
Lubbock,
Texas,
United States
Job type: fulltime
Job industry: Banking & Financial Services
Job description
Job Summary:
Under close supervision, performs post-closing review of loans for documentation requirements and cites exception items in collateral tracking system. Assists Loan Officers and Loan Assistants with documentation requirements and exception resolution.Essential Functions:
About the Company:
Today, PlainsCapital Bank is one of the largest banks in Texas based on deposit market share. Under the leadership of President and Chief Executive Officer Jerry Schaffner, we have a statewide presence with more than 60 locations in all major Texas markets. We are a strong and stable financial institution and a trusted community partner. We take pride in helping our customers blaze trails of their own, whether launching or expanding a business, raising a family, or moving into retirement. Our diverse range of services includes commercial banking, treasury management, private banking, and wealth management, as well as consumer banking.
To learn more, please visit us online at plainscapital.com/about.
This position is eligible for a $1,000 sign on bonus!*
Hours: Monday-Friday 8:00am-5:00pm
Location: Lubbock Main Bank
Benefit highlights: 15+ days of PTO, 11 Paid Holidays, 401k Matching, Health Benefits, and more! Read all about our benefits here!
Hours: Monday-Friday 8:00am-5:00pm
Location: Lubbock Main Bank
Benefit highlights: 15+ days of PTO, 11 Paid Holidays, 401k Matching, Health Benefits, and more! Read all about our benefits here!
Under close supervision, performs post-closing review of loans for documentation requirements and cites exception items in collateral tracking system. Assists Loan Officers and Loan Assistants with documentation requirements and exception resolution.
- Performs post-closing review of loan documentation for discrepancies and deficiencies. This review includes but is not limited to execution of promissory notes, security agreements, and deeds of trust; collateral descriptions; lien positioning; county or state lien filings; titling requirements; flood requirements; inspections; compliance documentation; appraisals and appraisal reviews.
- Monitors and updates the Bank's collateral tracking system to include the accurate, complete, and current postings of all collateral and loan information for assigned accounts.
- Identifies and creates exception tracking items in collateral tracking system for collateral reporting deficiencies and discrepancies.
- Reviews organizational and entity documentation on loan borrowers and guarantors and creates exception tracking items in collateral tracking system. This review includes but is not limited to Articles of Incorporation, Certificates of Formation, Partnership Agreements, Borrowing Resolutions, Loan Agreements, and Guaranty Agreements.
- Assists lending staff with exception questions and in resolving outstanding exception items.
- Creates and maintains UCC lien filings on loan collateral with the Secretary of State or through CT Lien Solutions. Reviews lien search reports performed on loan collateral.
- Reviews and maintains current status of Certificates of Good Standing on corporate loan borrowers.
- Special projects as needed by management.
- On-going training with current staff.
- High School diploma, general education degree (GED), or equivalent required; Bachelor's degree in Business or related field preferred.
- 1 to 3 years office, clerical, and/or customer service experience required, preferably in a financial institution with a demonstrated understanding of bank practices/regulations.
- 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 analytical, 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.
- Sign-on bonus to be paid on the first available paycheck after 90 days of employment less applicable taxes.
About the Company:
At PlainsCapital, we've always had a trailblazing spirit. PlainsCapital was founded in 1988 by Alan White and a group of investors who raised the capital to acquire Plains National Bank, a Lubbock financial institution with one branch and $198.8 million in assets. Alan, who retired from his post as Chairman of PlainsCapital Bank in 2019, partnered with a team of young bankers who dreamed of bringing relationship banking to Lubbock, and they began to grow the bank one relationship at a time.
Today, PlainsCapital Bank is one of the largest banks in Texas based on deposit market share. Under the leadership of President and Chief Executive Officer Jerry Schaffner, we have a statewide presence with more than 60 locations in all major Texas markets. We are a strong and stable financial institution and a trusted community partner. We take pride in helping our customers blaze trails of their own, whether launching or expanding a business, raising a family, or moving into retirement. Our diverse range of services includes commercial banking, treasury management, private banking, and wealth management, as well as consumer banking.
To learn more, please visit us online at plainscapital.com/about.