Loan Closing & Compliance Specialist

People Incorporated of Virginia; Abingdon (VA); On-site; USD 22,000 - 32,000; Full time

Job summary

People Incorporated of Virginia is seeking a Loan Closing & Compliance Specialist in Abingdon, VA. The role coordinates closings and funding, verifies terms and documents, and maintains complete loan records to ensure audit-ready compliance.

You will work with lending teams to resolve issues while adhering to funder and regulatory requirements. The position is full-time, non-exempt, and based in the Community Economic Development program within People Incorporated Financial Services, with

Qualifications

• Experience in loan processing, closing, servicing, credit administration, compliance, or related financial services.
• Associate degree or higher in business, finance, or related field; relevant experience may substitute when permitted.

Responsibilities

• Coordinate closings and funding; verify terms, signatures, and documents before funding.
• Maintain electronic and physical files, checklists, and audit trails.
• Support agency, funder, and lending requirements; track post-closing documents and reports.

Skills

Inconsistency detection

Prioritization

Clear communication

Data management

Education

Associate degree or higher in business/finance

Tools

MS Office

Job description

If you are unable to complete this application due to a disability, contact this employer to ask for an accommodation or an alternative application process.

Loan Closing & Compliance Specialist

Community Economic Development Full Time Professional Henderson, Abingdon, VA, US

Salary Range: $15.66 To $22.95 Hourly

STATUS Full-time Non-exempt

PROGRAM Community Economic Development

DEPARTMENT People Incorporated Financial Services

Help business and consumer borrowers move from approval to funding. You’ll coordinate closings, verify approval conditions before disbursement, and keep loan files, collateral, insurance, and system records accurate, compliant, and audit-ready.

If you enjoy organizing details, resolving discrepancies, and keeping deadlines on track, you’ll work closely with lending, portfolio, and leadership staff to keep every closing moving.

WHAT YOU’LL DO

Coordinate closings & funding

• Prepare closing packages and coordinate execution; verify approved terms, conditions, signatures, and supporting documents before funding.
• Confirm funding authorization, disbursement instructions, and use-of-proceeds records; resolve deficiencies with staff and guide borrowers without providing credit approval or legal advice.
• Process authorized modifications, assumptions, subordinations, releases, satisfactions, and collateral changes.

Own the paper trail

• Maintain complete electronic and physical files, checklists, and audit trails; validate borrower, loan, collateral, demographic, funding-source, and impact data against approved terms.
• Prepare and track UCC statements, DMV liens, deeds of trust, assignments, continuations, and releases; verify lien position and recording evidence.
• Maintain collateral, valuation, ownership, and title records; verify insurance coverage and lender interest, obtain renewals, and escalation deficiencies.

Keep compliance & audits on track

• Apply agency, funder, and lending requirements for eligibility, ownership, guarantees, appraisals, collateral, and proceeds; support timely notices, disclosures, certifications, and reports.
• Track post-closing documents, insurance, liens, financial reports, annual reviews, and exceptions through resolution; elevate overdue or material concerns.
• Review files with management, support audits and examinations, and report closing activity, turnaround times, exceptions, and findings.
• Monitor requirement changes and update forms, procedures, and cross-training guidance to improve consistency and preserve segregation of duties.

WHAT YOU’LL BRING

Background — proposed for confirmation

• Experience in loan processing, closing, servicing, credit administration, compliance, or related financial services.
• Associate degree or higher in business, finance, or a related field preferred; relevant experience may substitute when permitted.

Skills that matter here

• You catch inconsistencies across approvals, documents, and system records without losing sight of deadlines.
• You organize competing priorities, follow through, and apply policies and funder requirements accurately.
• You communicate clearly, collaborate well, protect confidentiality, and know when to seek clarification or escalation concerns.
• You bring strong computer and data-management skills and a commitment to complete, accurate records.

NICE TO HAVE

• Business or consumer loan documentation, lien filing, collateral, or insurance experience.
• Familiarity with SBA, CDFI, or other mission-driven lending programs.
• Experience supporting audits, resolving exceptions, or improving loan administration.

GOOD TO KNOW

Standard role requirements, subject to confirmation:

• U.S. work eligibility and required employment verification.
• Compliance with background-screening requirements
• Must hold a valid driver's license with a good driving record;
• Client confidentiality and adherence to agency policies and standards of conduct.
• Frequent talking, hearing, and hand/finger use; regular sitting, stooping, and kneeling; occasional lifting or moving up to 20 pounds. Reasonable accommodations may enable performance of essential functions.

WHY THIS ROLE

Help borrowers move from approval to funding while protecting a mission-driven loan portfolio. This role combines detailed documentation, problem-solving, and teamwork with meaningful community impact.

People Incorporated is an Equal Opportunity Employer/Program and a smoke/drug free workplace. Auxiliary Aids and Services are Available Upon Request to Individuals with Disabilities. For access to Virginia Relay (Telecommunications Relay Service) dial "711" or toll free 800-828-1120 (TTY) or 800 828-1140. This job description does not constitute an employment agreement and is subject to change at any time by the employer.

Position is open until filled.

Monday through Friday; 8 am to 4:30 pm
40 hours/weekly