Closing Coordinator

Compeer Financial • Bloomington, MN

10d • Hybrid

About The Position

Compeer Financial is a member-owned cooperative located in Illinois, Minnesota and Wisconsin. We bring together team members with a variety of backgrounds and experiences to help provide financial services to support agriculture and rural communities. Join us in a culture that not only promotes meaningful work and professional development, but provides a flexible, hybrid work environment and excellent benefits, which empower you to thrive both personally and professionally. This position offers a hybrid option to allow for occasional remote work, primarily working out of the Bloomington, IL office location.

Requirements

• Associate’s degree in accounting, business administration, legal, agriculture or related field; or related field or an equivalent combination of education and experience sufficient to perform the essential functions of the job.
• Closing Agent License; Insurance Producer License preferred (or ability to obtain within twelve months (where applicable).
• Commissioned as a Notary Public for the state (or ability to obtain within three months); may include e-notary.
• Working knowledge of loan approval processes and requirements, personal property security documents, real estate, legal, banking, security requirements and title insurance.
• Working knowledge of legal descriptions and collateral documents to gather appropriate information for document preparation.
• Basic accounting and mathematical skills to calculate data, reconcile funds and determine payoffs.
• Must be authorized to work for any employer in the United States.
• Compeer is unable to sponsor or take over sponsorship of an employment visa at this time.

Responsibilities

• Responsible for the accurate processing, closing, funding and servicing of transactions secured by real estate properties.
• Ensures closings are completed in accordance with regulations, policies and procedures.
• Collects documents and ensures appropriate due diligence is completed to confirm all underwriting conditions are met.
• Verifies accuracy of legal descriptions, property ownership and legal access for real estate secured transactions of the organization.
• Coordinates with Compeer departments and external companies to order title commitments, appraisals and flood zone determinations.
• Follows regulatory guidance as applicable.
• Reviews title insurance commitments, deeds, real estate title documents, Uniform Commercial Code filings, fixture filings, and other related documents to confirm the organization’s collateral lien position.
• Confirms legal documents required to close a transaction and parties required to sign each legal document.
• Independently creates or reviews settlement statements and/or disbursement agreements in accordance with the transaction to ensure the funds are disbursed accurately.
• Coordinates on-site and off-site closings with internal and external clients and executes the closing transaction with clients by explaining all forms, answering client questions and securing appropriate signatures on all documents, as needed.
• May perform witness closings.
• Administers funding execution and proper booking and data maintenance.
• Files legal documents with appropriate government entities to perfect Compeer’s lien position.
• Collaborates with sales to service all aspects of client relationships within the lending territory.
• Assists team members with transactions and loan servicing.
• Assists Lending Client Coordinators by providing backup to all job functions as needed.
• Conducts a post-close review of transactions to ensure they were closed in accordance with the organization’s policies and procedures.
• Reviews all documents related to the transaction.

Benefits

• Hybrid model – up to 50% work from home
• Flexible schedules including ample flexibility in the summer months
• Up to 9% towards 401k (3% fixed Compeer contribution plus up to 6% match)
• Benefits: medical, dental, vision, HSA/FSA, life & AD&D insurance, short-term and long-term disability, wellness program & EAP
• Vacation, sick leave, holidays/floating holidays, parental leave, and volunteer paid time off
• Learning and development programs
• Mentorship programs
• Cross-functional committee opportunities (i.e. Inclusion Council, emerging professional groups, etc.)
• Professional membership/certification reimbursement and more!

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Education Level: Associate degree