Job description
Dallas Bank is seeking a Senior Loan Operations Specialist for a full-time on-site position in its Dallas, TX location.
SUMMARY
Ensure accurate and timely operations of the Bank's loan process to include but not limited to: booking loans on loan system, imaging loan documents, verifying and auditing loan input, reviewing and processing interim construction draw requests, following up for loan documentation files, maintaining document and insurance tracking exceptions, completing and reviewing daily reports and balancing, performing loan research and resolving problems, and processing loan payoffs.
RESPONSIBILITES
Responsibilities of this position include, but are not limited to the following:
- Prepare loan documentation for consumer and small commercial loans in accordance with the approved terms and conditions using LaserPro software.
- Review attorney-prepared loan closing documentation to ensure all approved terms and conditions are addressed.
- Create documentation checklist for each loan and ensure all requirement documentation is noted for review and approval.
- Perform pre-closing documentation review.
- Book new loans, renewals, modifications, letters of credit and lines of credit to core processing system. Establish and tie, when applicable, CIF records for borrowers and guarantors.
- Audit loans booked to loan platform for accuracy.
- Scan and index loan files to imaging system.
- Obtain approval and process commercial and consumer line of credit advances.
- Review, monitor, and process interim construction advance requests for residential and commercial properties.
- Post payments, draws and principal reductions.
- Process loan payoffs requests.
- Participation loan processing – both purchased and sold.
- Process ARC payments and make appropriate entries to correspondent bank account.
- Perform daily index rate changes in core system for 10-year TCM and WSJ, when applicable.
- Research and clear loan unposted transactions.
- Research and clear reconciling items from loan-related general ledger clearing accounts.
- Execute and coordinate recording/release of applicable documents.
- Monitor loan documentation exception tracking and provide management reporting.
- Review hazard and liability insurance for adequate coverage and coordinate monitoring with third-party service provider.
- Coordinate with lenders, title companies, and others for delivery/receipt of outstanding documentation.
- Monitor property tax payments on loans secured by real estate.
- Process credit report requests through Experian.
- Process ACDVs and AUDs on E-Oscar.
- Perform general research on loan accounts and respond to client/lender requests.
- Provide excellent client service with timely and accurate communication.
- Perform other duties as requested by department manager
QUALIFICATIONS
- Bachelor’s degree in finance, business administration or related loan operations experience.
- Minimum of 5 years of experience in loan operations.
- Deep understanding of loan documentation, servicing, and post-closing processes.
- Strong knowledge of lending regulations and compliance requirements.
- Excellent analytical, problem-solving, and decision-making skills.
- Exceptional communication and interpersonal skills.
- Skilled at prioritizing duties, working under time constraints, and handling multiple tasks, while remaining flexible to changing priorities and assignments.
Physical setting:
Schedule:
Work Location: In person
Job Type: Full-time
Pay: $80,000.00 - $100,000.00 per year
Benefits:
- 401(k) matching
- Dental insurance
- Health insurance
- Life insurance
- Paid time off
Schedule:
- Day shift
- Monday to Friday
Ability to Commute:
Ability to Relocate:
- Dallas, TX: Relocate before starting work (Required)
Work Location: In person
Edit job
Job Type: Full-time
Pay: $80,000.00 - $100,000.00 per year
Benefits:
- 401(k)
- 401(k) matching
- Dental insurance
- Health insurance
- Life insurance
- Paid time off
- Vision insurance
Experience level:
Schedule:
- Day shift
- Monday to Friday
Work setting:
Ability to Relocate:
- Dallas, TX: Relocate before starting work (Required)
Work Location: In person