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.
Essential Functions:
Follows established organizational policies and procedures to ensure transactions meet legal compliance with lending laws and regulations.
Supports several business units, as needed.
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.
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.
Minimum Qualifications & Required Knowledge, Skills and Abilities:
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.
0-5 years related work experience; prefer title or legal experience.
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).
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.
Background in agriculture preferred.
Skill in processing complex, detailed information in an accurate and thorough manner.
Effective interpersonal, oral and written communication and client service skills.
Effective organizational and time management skills.
Computer skills, including MS Office applications and programs and/or other systems needed to perform functions of the role (Webex and video conferencing).
Ability to work with a wide variety of internal and external clients.
Ability to multi-task with tight deadlines, in a fast-paced, team environment.