Closing Coordinator

Iowaagconnection; Johnston, Mankato, Rochester, Sun Prairie (IA, MN, MN, WI); Hybrid; USD 45,000 - 65,000; Full time

Job summary

A leading cooperative financial institution seeks to hire a closing agent based out of Iowa, offering a hybrid work option. This role is responsible for the accurate processing and servicing of real estate transactions, ensuring due diligence and regulatory compliance, along with extensive benefits and a flexible work environment.

Benefits

Flexible schedules

Up to 9% towards 401k

Medical, dental, vision benefits

Vacation and holidays paid

Learning and development programs

Qualifications

• Associate's degree or equivalent work experience preferred.
• Closing Agent License and Insurance Producer License preferred.
• Commissioned as a Notary Public for the state.

Responsibilities

• Process, close, fund and service transactions secured by real estate.
• Verify accuracy of legal descriptions and property ownership.
• Review title insurance commitments and confirm collateral lien position.

Skills

Knowledge of loan approval processes

Knowledge of legal descriptions

Real estate

Title insurance

Document preparation

Education

Associate's degree in accounting, business administration, legal, agriculture

Job description

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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
• Cross-functional committee opportunities (i.e. Diversity & 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.

Where you will work: This position offers a hybrid work option up to 50% remote and is based out of the IA-Johnston, MN-Mankato, MN-Rochester, or WI-Sun Prairie office locations.

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.
• 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.
• 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.

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.
• Previous years related work experience; preferred title or legal experience.
• 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.
• Knowledge of loan approval processes and requirements, personal property security documents, real estate, legal, banking, security requirements and title insurance.
• Knowledge of legal descriptions and collateral documents to gather appropriate infor mation for document preparation.

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.

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