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Become A Closing Coordinator

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Working As A Closing Coordinator

  • Processing Information
  • Interacting With Computers
  • Communicating with Persons Outside Organization
  • Getting Information
  • Performing for or Working Directly with the Public
  • Deal with People

  • Unpleasant/Angry People

  • Mostly Sitting

  • Repetitive

  • Stressful

  • $40,530

    Average Salary

What Does A Closing Coordinator Do At Robert Half

* Coordinate the receipt and distribution of due diligence items.
* Maintain and manage the closing checklist to ensure that closing counsel and internal parties have received all required documents to review and close the loan.
* Provide third-party consultants with property information and request proposals/budgets.
* Manage engagement and completion of third-party consultant reports.
* Provide consultants with all necessary items required to complete their review of the property.
* Maintain a critical dates schedule and monitor all parties involved to ensure deadlines are met.
* Maintain checklist of client requirements.
* Coordinate with appropriate departments to make sure items are submitted on a timely basis.
* Maintain project files during the closing process and make sure files are completed post-closing.
* Provide necessary items and loan documents to loan servicer post-closing.
* Provide necessary items for law firm to prepare closing binders.
* Pursue the resolution of various issues during the due diligence/closing process.
* Communicate due diligence requirement with Borrowers.
* Monitor internal third party costs throughout the closing process and ensure payment of third party consultants (including legal) at closing.
* Maintain contact list with telephone numbers/addresses of all parties involved in transaction.
* Prepare internal closing statement and sources and uses and coordinate with escrow agent to prepare their closing statement

What Does A Closing Coordinator Do At Prosource Technologies

Compare and proof legal descriptions for accuracy

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How To Become A Closing Coordinator

A high school diploma or equivalent is typically required for most financial clerk jobs. These workers usually learn their duties through on-the-job training.

Education

Financial clerks typically need a high school diploma or equivalent to enter the occupation. Employers of brokerage clerks may prefer candidates who have taken some college courses in business or economics and, in some cases, require a 2- or 4-year college degree.

Training

Most financial clerks learn how to do their job duties through on-the-job training. Some formal technical training also may be necessary; for example, gaming cage workers may need training in specific gaming regulations and procedures.

Advancement

Financial clerks can advance to related occupations in finance. For example, a loan interviewer or clerk can become a loan officer, and a brokerage clerk can become a securities, commodities, or financial services sales agent, after obtaining the required education and license.

Important Qualities

Communication skills. Financial clerks should have good communication skills so that they can explain policies and procedures to colleagues and customers.

Math skills. The job duties of financial clerks, including calculating charges and checking credit scores, require basic math skills.

Organizational skills. Strong organizational skills are important for financial clerks because they must be able to find files quickly and efficiently.

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Closing Coordinator jobs

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Closing Coordinator Career Paths

Closing Coordinator
Office Manager Accounts Payable Clerk
Account Payables Analyst
6 Yearsyrs
Legal Assistant Office Manager Accounts Receivable Specialist
Accounts Receivable Manager
6 Yearsyrs
Paralegal Office Manager
Administrative Manager
6 Yearsyrs
Office Administrator Administrative Coordinator
Administrative Supervisor
5 Yearsyrs
Loan Closer Underwriter
Asset Manager
7 Yearsyrs
Office Manager Billing Specialist
Business Office Manager
8 Yearsyrs
Underwriter Senior Credit Analyst Credit Manager
Collections Manager
5 Yearsyrs
Office Administrator Bookkeeper Assistant Office Manager
Executive Assistant/Office Manager
6 Yearsyrs
Underwriter Marketing Representative Senior Account Executive
Managing Supervisor
6 Yearsyrs
Paralegal Case Manager Assistant Director
Office Manager
5 Yearsyrs
Senior Loan Processor Service Specialist Human Resources Coordinator
Office Manager Of Human Resources
6 Yearsyrs
Legal Assistant Paralegal
Paralegal/Office Manager
5 Yearsyrs
Closing Manager Operations Manager Realtor
Property Management Specialist
6 Yearsyrs
Realtor Loss Mitigation Specialist Foreclosure Specialist
Property Preservation Specialist
6 Yearsyrs
Closing Manager General Manager Property Manager
Real Estate Manager
8 Yearsyrs
Mortgage Loan Processor Mortgage Processor
Senior Loan Processor
6 Yearsyrs
Loan Closer Service Specialist Customer Care Representative
Senior Representative
5 Yearsyrs
Senior Loan Processor Operations Manager Equipment Operator
Service Supervisor
6 Yearsyrs
Mortgage Loan Processor Loan Officer Underwriter
Underwriting Manager
8 Yearsyrs
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Closing Coordinator Demographics

Gender

  • Female

    77.8%
  • Male

    20.5%
  • Unknown

    1.7%

Ethnicity

  • White

    81.2%
  • Hispanic or Latino

    10.7%
  • Asian

    6.2%
  • Unknown

    1.4%
  • Black or African American

    0.5%
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Languages Spoken

  • Spanish

    54.0%
  • German

    7.1%
  • Portuguese

    5.3%
  • Chinese

    5.3%
  • Vietnamese

    4.4%
  • French

    4.4%
  • Russian

    2.7%
  • Greek

    2.7%
  • Italian

    2.7%
  • Mandarin

    1.8%
  • Carrier

    1.8%
  • Swedish

    0.9%
  • Marshallese

    0.9%
  • Gujarati

    0.9%
  • Hindi

    0.9%
  • Korean

    0.9%
  • Hawaiian

    0.9%
  • Albanian

    0.9%
  • Irish

    0.9%
  • Japanese

    0.9%
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Closing Coordinator

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Closing Coordinator Education

Closing Coordinator

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Top Skills for A Closing Coordinator

LoanDocumentsRealEstateAgentsLenderApprovalTitleCompaniesHud-1BorrowersCustomerServiceSkillsEscrowOfficersSettlementStatementsBuyersPurchaseTitleCommitmentsPayoffsMortgageLoanLoanOfficersLegalDocumentsLoanClosingsLoanFilesDataEntryFHA

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Top Closing Coordinator Skills

  1. Loan Documents
  2. Real Estate Agents
  3. Lender Approval
You can check out examples of real life uses of top skills on resumes here:
  • Assist with mortgage loan closing process by reviewing loan documents for compliance, completeness and accuracy.
  • Served as center point of communication for buyers/sellers with attorneys' offices, lenders and real estate agents.
  • Secure lender approval of loan closing documents and act as a liaison for all clients.
  • Coordinated and scheduled loan closings with various title companies.
  • Completed all closing documents including HUD-1 Settlement Statements, financial legal closing documents, loan payoffs and balancing escrows.

Top Closing Coordinator Employers

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Closing Coordinator Videos

The Role of a Mortgage Loan Processesor

A Day in the Life of a Sales Rep

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