how to make a path loop a clipping mask ?

hi i'm assuming that the text in the background is a jpeg and not live text (but if someone can teach me how to do it in live text that would be awesome as well), i know how to cut a hole using path finder, but i can't help but thing that theres an easier way to do this and that you can live edit the background in real time. like is there a tool where you just click on the multiple loops youve made and they just become hollow and you can fill it with one continued image ?
thanks

