Closing Coordinator

Where you will work: This position offers a hybrid option to allow for occasional remote work, primarily working out of the Bloomington, IL 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.

A typical day: 

• 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.

The skills and experience we prefer you have: 

• 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.

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How we will take care of you:

Our job titles may span more than one career level (associate, senior, principal, etc.). The actual title and base pay offered is dependent upon many factors, such as: training, transferable skills, work experience, business needs and market demands. The base pay range is subject to change and may be modified in the future. This role is eligible for variable compensation and other benefits.