Closing Coordinator

Compeer Financial-posted 22 days ago
Full-time • Entry Level
Hybrid • Ottawa, IL
1,001-5,000 employees
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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. How we support you: 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! Casual/seasonal & intern team members are not eligible for benefits except for state-mandated programs. To learn more about Compeer Financial visit www.compeer.com/careers. Where you will work: This position offers a hybrid work option, after onboarding, up to 40% and is based out of the Ottawa, IL, Sycamore, IL or Janesville, WI office locations. The contributions you will make: 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.

  • Follows established organizational policies and procedures to ensure transactions meet legal compliance with lending laws and regulations.
  • Supports several business units, as needed.
  • 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.
  • Collaborates with internal and external parties to resolve issues affecting title insurance or exceptions to the organization’s policies and procedures in the context of a specific transaction.
  • 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.
  • Work with Legal Department and Title Review teams on collateral related documents, such as Consents, Subordinations and Contract Assignments, as needed. Drafts supplemental loan closing documents when necessary.
  • Files legal documents with appropriate government entities to perfect Compeer’s lien position.
  • Works closely with internal and external clients to set up, organize, verify and close mortgage loans, short-term loans and large transactions for all business units serving the organization’s clients.
  • Collaborates with sales to service all aspects of client relationships within the lending territory. Assists team members with transactions and loan servicing.
  • Provides exceptional client service, determines client needs and meets those needs to the extent of delegated authority, including disbursement of funds and working within credit underwriting guidelines.
  • 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.
  • Documents the actions that were taken to ensure the organization has obtained the expected lien position or its equivalent, as required by law and by the organization’s policies and procedures.
  • Remains current with regulatory and compliance procedures to ensure all transactions comply.
  • 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).
  • 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.
  • Skill in processing complex, detailed information in an accurate and thorough manner.
  • Effective interpersonal, oral and written communication and client service skills.
  • Ability to multi-task with tight deadlines, in a fast-paced, team environment.
  • 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!
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