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Farm Credit Services of America · 21 hours ago

Corporate Closing Specialist

Carroll, IA

Full-time

Onsite

Entry, Mid Level

$70K/yr - $116K/yr

2+ years exp

Farm Credit Services of America is a financial cooperative that supports rural America by providing credit and financial services. They are seeking a Corporate Closing Specialist to coordinate and facilitate the loan closing process for complex lending relationships, ensuring compliance with legal documentation and service standards.

AgricultureFinancial Services

Growth Opportunities

Hiring Manager

Mindy Holm

Responsibilities

Lead loan closing function for assigned loans, which includes all non-credit issues from the point of loan approval through loan closing including preparation of legal documentation for originated loans ensuring all legal, credit, collateral, and regulatory requirements are included in the documentation. This will include a wide variety of complex real estate and commercial documents and contracts, leases, assignments, easement agreements, title reports, appraisals, surveys, mortgage loan documentation and filings, UCC filings, entity formation documentation, partnership agreements and other real estate transaction documentation. Ensure all security documents are provided to Collateral Analysts for perfection

Portfolio consists of multi-state, multi-entity, loans. Closing Specialist will work with Association’s loan customers that may have loan exposures between $10MM and $100MM. This process requires ownership of the closing process including close coordination and communication with the primary industry team (Relationship Manager/Lender, Account Management, and Credit Analyst) as well as in-house Legal Counsel, and outside vendors

Coordinate with loan accounting teams to ensure timely and accurate booking of loans within the appropriate accounting systems

Manage title company process including reviewing, analyzing title documents and encumbrances, surveys and parcel maps, leases, and purchase agreements. Communicate with the borrower to see that all title requirements are met at closing. Collateral may involve real estate in multiple counties and states

Certification of all required documents establishing the power, authority, and existence of all obligors, guarantors, etc. is obtained and is retained appropriately in company records

Coordinate the post-closing Legal Review of all transactions meeting the Association’s criteria for independent review by an attorney on the Legal Team. Coordinate any curative actions required by the independent Legal Review

Review, monitor and track construction loan progress ensuring inspections are tracked and completed, copies of all applicable documents (i.e. contracts, permits, plans, specs, maps, etc.) are obtained and approved construction costs are not exceeded. This may involve working with title companies for date down endorsements

Qualification

Loan closingCommercial real estateLegal documentationMicrosoft WordMicrosoft ExcelLoan Closing CertificationTeam coordinationCommunicationAttention to detail

Required

Bachelors degree in Business, Business Law, a Paralegal Program is preferred

2 + years of experience in Commercial real estate lending environment in a financial institution, loan closing and documentation function in a law firm, and/or experience in a title company closing commercial real estate loans

All hires must have the ability to complete Loan Closing Certification as provided by internal legal team within 12 months of starting in this role

Strong computer skills including a proficiency in Windows environment using Microsoft Word, Excel, and Microsoft Edge and other software as required by the position