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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

Financial clerks do administrative work for many types of organizations. They keep records, help customers, and carry out financial transactions.

Duties

Financial clerks typically do the following:

  • Keep and update financial records
  • Compute bills and charges
  • Offer customer assistance
  • Carry out financial transactions

Financial clerks give administrative and clerical support in financial settings. Their specific job duties vary by specialty and by setting.

Billing and posting clerks calculate charges, develop bills, and prepare them to be mailed to customers. They review documents such as purchase orders, sales tickets, charge slips, and hospital records to compute fees or charges due. They also contact customers to get or give account information.

Gaming cage workers work in casinos and other gaming establishments. The “cage” in which they work is the central depository for money and gaming chips. Gaming cage workers sell gambling chips, tokens, or tickets to patrons. They count funds and reconcile daily summaries of transactions in order to balance books.

Payroll and timekeeping clerks compile and post employee time and payroll data. They verify and record attendance, hours worked, and pay adjustments. They ensure that employees are paid on time and that their paychecks are accurate.

Procurement clerks compile requests for materials, prepare purchase orders, keep track of purchases and supplies, and handle questions about orders. They respond to questions from customers and suppliers about the status of orders. They handle requests to change or cancel orders. They make sure that purchases arrive on schedule and that the items meet the purchaser’s specifications.

Brokerage clerks help with tasks associated with securities such as stocks, bonds, commodities, and other kinds of investments. Their duties include writing orders for stock purchases and sales, computing transfer taxes, verifying stock transactions, accepting and delivering securities, distributing dividends, and keeping records of daily transactions and holdings.

Credit authorizers, checkers, and clerks review the credit history, and get the information needed to determine the creditworthiness, of individuals or businesses applying for credit. Credit authorizers evaluate customers’ computerized credit records and payment histories to decide, based on predetermined standards, whether to approve new credit. Credit checkers call or write credit departments of business and service establishments to get information about applicants’ credit standing.

Loan interviewers, also called loan processors or loan clerks, interview applicants and others to get and verify personal and financial information needed to complete loan applications. They also prepare the documents that go to the appraiser and are issued at the closing of a loan.

New accounts clerks interview people who want to open accounts in financial institutions. They explain the account services available to prospective customers and help them fill out applications. They also investigate and correct errors in accounts.

Insurance claims and policy processing clerks process applications for insurance policies. They also handle customers’ requests to change or cancel their existing policies. Their duties include interviewing clients and reviewing insurance applications to ensure that all questions have been answered. They also notify insurance agents and accounting departments of policy cancellations or changes.

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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 Education

Schools

University of Phoenix

19.5%

Community College of Allegheny County

10.9%

Strayer University

6.4%

Kaplan University

5.9%

Robert Morris University

5.0%

Indiana University of Pennsylvania

5.0%

Ohio State University

3.6%

West Virginia University

3.6%

Community College of Beaver County

3.6%

University of North Carolina at Charlotte

3.6%

Florida International University

3.6%

Southern New Hampshire University

3.6%

Appalachian State University

3.2%

Old Dominion University

3.2%

Miami Dade College

3.2%

Point Park University

3.2%

Sinclair Community College

3.2%

University of Pittsburgh -

3.2%

Hofstra University

3.2%

Northern Virginia Community College

3.2%
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Majors

Business

29.9%

Accounting

8.4%

Legal Support Services

7.9%

Finance

5.2%

Psychology

5.1%

Real Estate

4.6%

Communication

4.3%

Management

4.0%

Criminal Justice

3.9%

Education

3.3%

Liberal Arts

3.2%

Health Care Administration

2.9%

General Studies

2.7%

Law

2.5%

English

2.4%

Human Resources Management

2.4%

Political Science

2.2%

Marketing

1.7%

Nursing

1.6%

Medical Assisting Services

1.6%
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Degrees

Bachelors

37.1%

Other

28.9%

Associate

13.9%

Masters

8.9%

Certificate

6.0%

Diploma

2.2%

Doctorate

1.7%

License

1.1%
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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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