Closing Coordinator

Where you will work: This position offers a hybrid option to allow for occasional remote work, primarily working out of the Glencoe, MN office location.

The contributions you will make:

Responsible for theaccurateprocessing, closing,fundingand servicing of transactions secured by real estate properties. Ensures closings are completedin accordance withregulations,policies and procedures.

A typical day:

Processing and Documentation

• Follows established organizational policies and procedures to ensure transactions meet legal compliance with lending laws and regulations.
• Collects documents and ensuresappropriate duediligence 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,appraisalsand 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 documentsrequiredto close atransactionand partiesrequiredto sign each legal document.
• Independently creates or reviews settlement statements and/or disbursement agreementsin accordance withthe 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 externalclients and executes the closing transaction with clients by explaining all forms, answering clientquestionsand securingappropriate signatureson all documents, as needed. May perform witness closings.
• Administers funding execution and proper booking and data maintenance.
• Works with LegalDepartment 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 withappropriate governmententities to perfect Compeer's lien position.
• Answers questions and provides solutions to internal and external clients on matters relating to the organization's procedures involving closings, legal documents, title insurance, realestateand chattel collateral.

Client Service

• Works closely with internal and external clients to set up, organize,verifyand 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.Assiststeam members with transactions and loan servicing.
• Provides exceptional client service,determinesclientneedsand meets those needs to the extent of delegated authority, including disbursement of funds and working within credit underwriting guidelines.
• Assists Lending Client Coordinators by providing backup to all job functions as needed.

Transaction Final Review

• Conducts a post-close review of transactions to ensure theywereclosedin accordance withthe organization's policies and procedures. Reviews all documents related to the transaction.
• Documents the actions that were taken to ensure the organization has obtained the expected lien position or its equivalent, as required by law and by the organization's policies and procedures.
• Remains current with regulatory and compliance procedures to ensure all transactionscomply.

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 theessential functions of the job.
• 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.
• Working knowledge of loan approval processes and requirements,personal propertysecurity documents, real estate, legal, banking, securityrequirementsand title insurance.
• Working knowledge of legal descriptions and collateral documents to gatherappropriate informationfor document preparation.
• Basic accounting and mathematical skills to calculate data, reconcilefundsanddeterminepayoffs.
• Skill in processing complex, detailed information inan accurateand thorough manner.
• Effective interpersonal,oraland written communication and client service skills.
• Computer skills, including Microsoft Office applications and programs and/or other systemsneeded to perform functions of the role (Webex and Video conferencing).

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.