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Texas Security Bank · 1 day ago

Loan Administration Specialist (75595)

North Dallas - Dallas, TX 75254

Full-time

Onsite

Mid Level

4+ years exp

Texas Security Bank is an independent bank focused on the success of independent business owners. They are seeking a Commercial Loan Administrator III to support Relationship Managers and the Credit Administration Department in preparing loan documentation and ensuring compliance with regulations.

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Growth Opportunities

Responsibilities

Preparing loan documentation for commercial and consumer loans using Laser Pro and the coordination with attorneys on attorney prepared loans

Reviewing documents for proper vesting, legal descriptions, closing dates and signatures

Create documentation checklist of required documents needed to close the loan

QC of prepared documents for accuracy and consistency with approval requirements

Order and manage various loan-related searches, including UCC, OFAC, good standing, flood, EDR, SBA CAIVRS, SAMS.GOV, and real property title abstracts

Review of Appraisal and Environmental Reports

Review insurance obtained at closing to ensure the required insurance was obtained

Board and fund loans onto the bank’s core accounting system, including new loans, renewals and modifications

Assist with Quality control of loan boarding

Post Collateral review and exception creation in the banks ticker system

Support the implementation of process improvements

Assist team members with various department tasks as directed by the manager

Processing and reviewing construction advances, participation advances, C&I advances with and without borrowing bases

Post Loan payments and loan payoffs

Participation Sold loans: post payments, wire funds to participants, send rate change notifications when applicable

Participation purchased loans: post payments, wire funds for advances to participant after review of the documents to back up the draw request, process rate changes

Provide support to the loan processors

Monitor Capps car rental line of credit: add vehicles, releasing vehicles, maintaining spreadsheet and post payments and advances to the loan

Order Credit Reports

Prepare Adverse Actions notifications

Request appraisal bids and engage with appraiser

Order title reports

Run UCC searches

Order Environmental Reports and EDR reports

Verify outgoing wires

Update exception report when trailing documents are received from loan closings

Force place insurance when needed, review of weekly reports, upload weekly report and send insurance to the insurance company on new loans and insurance received in the mail

Perform loan research

Perform loan maintenance when needed

Run flood searches

Board and fund loans onto the bank’s core computer system

Imaging and properly indexing credit and collateral documents for storage which includes daily work and loan files

Perform QC on loan files indexed to ensure all documents are scanned before shredding

QC of loans boarded into Precision

Create loan perfection file to be retained after imaging

Tracking and reporting approved and funded transactions

Setup real estate property tax tracking in Accumatch or send monthly report for Accumatch to load

Process Paid Loans

UCC Monitoring through Ilien