USDA Loan Closer

Pathward, N.A.

2d•$21 - $34•Remote

About The Position

The USDA Loan Closer serves as the Bank's primary point of contact throughout the USDA loan closing process, coordinating with borrowers, guarantors, legal counsel, brokers, title companies, USDA representatives, and other third-party vendors. The role manages USDA loan closings from approval through funding, ensuring compliance with USDA program requirements, Bank credit approvals, and internal policies and procedures. It also supports post-closing delivery, loan sales, guarantee applications, training, process improvement, reporting, procedural documentation, and compliance efforts. Other duties and special projects may be assigned. The role is part of Pathward, a financial empowerment company focused on increasing financial availability, choice, and opportunity.

Requirements

High school diploma or equivalent.
Typically requires a minimum of five years of related experience.
Two to three years of Government Guaranteed Lending closing experience.

Responsibilities

Manage a pipeline of USDA loan closings from approval through funding, ensuring compliance with USDA program requirements, Bank credit approvals, and internal policies and procedures.
Identify, collect, review, and validate all documentation required for closing, including USDA-specific eligibility, environmental, appraisal, collateral, and guarantee-related requirements.
Coordinate and communicate directly with internal partners to facilitate timely and accurate closings.
Partner with internal and external legal counsel to prepare, review, and finalize loan documentation, ensuring all closing conditions and USDA requirements are satisfied before funding.
Monitor closing timelines, identify potential delays, and drive necessary actions to ensure transactions close within established service level expectations.
Review loan approvals and commitment terms to ensure closing documents accurately reflect approved credit structures and USDA program requirements.
Act as the primary liaison during closing, providing status updates, resolving issues, and escalating risks or borrower responsiveness concerns as appropriate.
Ensure collateral, title, insurance, entity, and perfection requirements are completed and documented before funding.
Coordinate post-closing delivery requirements and support the loan sale and guarantee application process, as applicable.
Develop and maintain relationships with customers, USDA personnel, attorneys, and business partners to support an efficient closing experience.
Assist with training, mentoring, and providing subject matter expertise to other members of the Closing Team.
Support process improvement initiatives, reporting, procedural documentation, and compliance efforts related to USDA lending operations.
Perform other duties and special projects as assigned.