Closing Coordinator

About the role

The Closing Coordinator position at Compeer Financial is responsible for the accurate processing, closing, funding, and servicing of transactions secured by real estate properties. This role ensures that all closings are completed in accordance with regulations, policies, and procedures.

Responsibilities

• 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.
• 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.
• Fills 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.

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.
• No prior leadership or management experience required; one year of relevant experience, such as title or legal, preferred.
• 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.
• Background in agriculture preferred.
• 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.

Qualifications

• Valid driver’s license.

Skills

• 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.
• Background in agriculture preferred.
• Ability to process 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.

Benefits

Compeer Financial offers a comprehensive benefits package including:

• Up to 9% towards 401k (3% fixed Compeer contribution plus up to 6% match)
• 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!

Pay

$47,100 - $66,600 USD

Schedule

Hybrid model – up to 50% work from home

Application Instructions

To apply for this position, please click here.