Closing Coordinator

Compeer; Bloomington (IL); On-site; USD 47,100 - 66,600; Full time

Benefits offered by this job

Hybrid work model

Flexible schedules

401k with company match up to 9%

Medical, dental, vision, HSA/FSA

Life & AD&D insurance

Disability insurance

Wellness program & EAP

Vacation, sick leave, holidays/floats

Parental leave

Volunteer paid time off

Learning and development programs

Job summary

Compeer Financial in Bloomington, IL is seeking a Closing Agent to process, close, fund and service real estate transactions. The role ensures closings comply with regulations and company policies, coordinating with internal teams and external partners.

You will review title documents, coordinate appraisals and title commitments, prepare settlement statements and manage funding and record-keeping. A Notary commission and relevant licenses are preferred; a degree in accounting or related field is

Qualifications

• Associate’s degree or equivalent in accounting, business administration, legal, agriculture or related field.
• Closing Agent License; Insurance Producer License preferred (or ability to obtain within twelve months, where applicable).
• Notary Public commission for the state (or ability to obtain within three months); e-notary possible.
• 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 information for document preparation.
• Basic accounting and mathematical skills to calculate data, reconcile funds and determine payoffs.

Responsibilities

• Responsible for the accurate processing, closing, funding and servicing of transactions secured by real estate properties.
• Ensure closings are completed in accordance with regulations, policies and procedures.
• Collect documents and complete due diligence to confirm underwriting conditions are met.
• Verify accuracy of legal descriptions, property ownership and legal access for real estate secured transactions.
• Coordinate with departments and external companies to order title commitments, appraisals and flood zone determinations.
• Review title commitments, deeds, real estate title documents, UCC filings and other documents to confirm lien position.
• Independently create or review settlement statements and disbursement agreements to ensure funds are disbursed accurately.
• Coordinate on-site and off-site closings and explain forms, answer questions, secure signatures; may perform witness closings.
• Administer funding execution and proper booking and data maintenance.
• File legal documents with government entities to perfect lien position.
• Collaborates with sales to service client relationships and loan servicing.
• Assist Lending Client Coordinators by providing backup to all job functions.
• Conduct post-close review of transactions to ensure compliance.

Skills

Attention to detail

Loan approval processes

Legal descriptions knowledge

Collateral documents knowledge

Basic accounting math skills

Education

Associate’s degree in accounting, business administration, legal, agriculture or related field

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

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&DD 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. 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 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.

#IND2 00

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

$47,100 - $66,600 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