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Closing Coordinator
Closing CoordinatorCompeer Financial • Freeport, IL, United States
Closing Coordinator

Closing Coordinator

Compeer Financial • Freeport, IL, United States
2 days ago
Job type
  • Full-time
Job description

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 .

Where you will work : This position offers a hybrid work option (up to 40% remote after onboarding). The successful candidate would either work full time out of the IL-Oregon office or be able to work a combined scheduled out both the IL-Oregon and IL-Freeport offices.

The contributions you will make :

This position is responsible for the accurate processing, closing, funding and servicing of transactions secured by real estate properties . Closings are expected to be 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.
  • 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.
  • Conducts a p ost - close review of transaction s to ensure they were closed in accordance with the o rganization 's policies and procedures . Reviews all documents relat ed to the transaction .
  • The skills and experience we prefer you have :

  • Associate's degree in accounting, business administration, legal, agriculture or related field; OR an equivalent combination of education and experience sufficient to perform the essential functions of the job.
  • Closing Agent License or 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) . M ay include e-notary.
  • Working knowledge of loan approval processes and requirements, persona l property security documents , real estate, legal, banking, security req uirements and title insurance.
  • Working knowledge of legal descriptions and collateral documents to gather appropriate infor mation for document preparation.
  • Basic a ccounting and mathematical skills to calculate data, reconc ile funds and determine payoffs.
  • #LI-KK1

    #IND200

    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.

    Base Pay

    $45,900 — $65,000 USD

    Compeer Financial is an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability status, protected veteran status, or any other characteristic protected by law.

    Must be authorized to work for any employer in the United States. Compeer is unable to sponsor or take over sponsorship of an employment visa at this time.

    Click here to view federal employment laws applicable for applicants.

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    Closing Coordinator • Freeport, IL, United States

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