Sr Closing Coordinator Agri-Access

Compeer Financial • Johnston, IA

28d • Hybrid

About The Position

Empowered to live. Inspired to work.
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.
This position offers a hybrid work option up to 50% remote and is based out of the Johnston, Iowa office location.
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. Serves as a subject matter expert, mentoring and coaching less tenured team members and handling escalated issues and complex transactions. Supports new products and programs within the organization and team.
A typical day:
Processing and Documentation
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.
Works 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.
Answers questions and provides solutions to internal and external clients on matters relating to the organization’s procedures involving
closings, legal documents, title insurance, real estate and chattel collateral.
Client Service
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.
Acts as a liaison, establishing, developing and maintaining strong relationships between the organization, clients and third parties.
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.
Educates team, clients and third parties on policies, processes, transactional delivery and servicing.
Takes appropriate steps to help identify and prevent fraud for clients.
Communicates, collaborates and provides support as needed to other business units and/or teams within Compeer to meet the needs
of the organization and internal and external clients.
Assists Lending Client Coordinators by providing backup to their job functions, as needed.
Industry Expertise
Mentors, trains and assists less tenured team members.
Serves as a subject matter expert in the execution of transactions, servicing and client service, handling complex transactions.
Represents the team on various projects and continuously looks for ways to enhance the client experience through process improvement
and innovative thought process.
Assists the sales team as a trusted partner to determine appropriate client products.
Advocates for the team and informally leads others through department and organizational change.
Transaction Final Review
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.

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.
• Minimum of 7 years related work experience. Title or legal experience preferred.
• Closing Agent License; Insurance Producer License preferred (or ability to obtain within twelve months as applicable).
• Commissioned as a Notary Public for the state (or ability to obtain within three months); may include e-notary.
• Advanced knowledge of loan approval processes and requirements, personal property security documents, real estate, legal, banking, security requirements and title insurance.
• Advanced 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.
• Effective organizational and time management skills.
• Computer skills, including MS Office applications and programs and/or other systems needed to perform functions of the role (Webex and Video conferencing).
• Ability to work with a wide variety of internal and external clients.
• Ability to multi-task with tight deadlines in a fast-paced, team environment.
• Valid driver’s license.

Nice To Haves

• Background in agriculture preferred.

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.
• Serves as a subject matter expert, mentoring and coaching less tenured team members and handling escalated issues and complex transactions.
• Supports new products and programs within the organization and team.
• 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.
• Works 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.
• Answers questions and provides solutions to internal and external clients on matters relating to the organization’s procedures involving closings, legal documents, title insurance, real estate and chattel collateral.
• 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.
• Acts as a liaison, establishing, developing and maintaining strong relationships between the organization, clients and third parties.
• 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.
• Educates team, clients and third parties on policies, processes, transactional delivery and servicing.
• Takes appropriate steps to help identify and prevent fraud for clients.
• Communicates, collaborates and provides support as needed to other business units and/or teams within Compeer to meet the needs of the organization and internal and external clients.
• Assists Lending Client Coordinators by providing backup to their job functions, as needed.
• Mentors, trains and assists less tenured team members.
• Serves as a subject matter expert in the execution of transactions, servicing and client service, handling complex transactions.
• Represents the team on various projects and continuously looks for ways to enhance the client experience through process improvement and innovative thought process.
• Assists the sales team as a trusted partner to determine appropriate client products.
• Advocates for the team and informally leads others through department and organizational change.
• 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.

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: Mid Level
• Education Level: Associate degree