Closing coordinator job description

Old National Bank is honored to be named one of the World's Most Ethical Companies for the 11th consecutive year!

Old National Bank was established in 1834. Today, we are the largest financial services holding company with dual headquarters in Chicago and Evansville, IN. We provide an array of services to our clients which include Community Banking, Investments, and Wealth Management. At Old National, we believe that by helping our team members balance work life with home life, we create a more productive workforce and a stronger company.

Old National is currently seeking a SBA Loan Closing Coordinator. This position is responsible for reviewing, documenting, closing, and disbursing financings for complex Commercial, commercial real estate OR asset-based financings for SBA loans. Functions include reviewing the most complex legal, appraisal, and title information, preparing loan documentation, coordinating loan closings, initiating loan disbursements and monitoring the disbursement process, and ensuring that all files and procedures are in compliance with government regulations and company policies. Reviews and books agent syndication loans as well as loans prepared by outside counsel. Identifies and mitigates risk in accomplishing business goals. May provide technical and legal guidance to lower level staff. May act as a liaison with relationship managers and legal department.
Key Accountabilities

Responsible for reviewing loan file and determining due diligence and documentation required close and fund the loan
Order and review third party reports including title work, UCC searches, IRS 4506, corporate entity searches
Review loan approval documents and determine steps needed to close loan in accordance to Bank and SBA policies
Work directly with client, Lender, attorneys, and team to resolve due diligence issues prior to loan closing
Document loan and prepare loan packages. Coordinate loan closing with Lender and client.
Post-closing responsibilities include proper booking of loan, disbursement of all loan proceeds in accordance the SBA guidelines, ensuring all liens are perfected, following up on title policy, ensuring that loan file is fully documented and in order.
Ensure timely resolution of any Quality Assurance items identified in Loan Reviews
Maintain proficiency in SBA SOP requirements and Bank policies

Qualifications and Education Requirements

3+ years of loan administration experience, loan servicing experience, or a combination of both.
Excellent verbal, written, and interpersonal communication skills
Strong attention to detail and accuracy
Advanced Microsoft Office skills

Old National is proud to be an equal opportunity employer focused on fostering an inclusive workplace and committed to hiring a workforce comprised of diverse backgrounds, cultures and thinking styles.

As such, all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, protected veteran status, status as a qualified individual with disability, sexual orientation, gender identity or any other characteristic protected by law.

We do not accept resumes from external staffing agencies or independent recruiters for any of our openings unless we have an agreement signed by the head of Talent Acquisition,SVP, to fill a specific position

Closing Coordinator - 2205001 Description D.R. Horton, Inc., the largest homebuilder in the U.S., was founded in 1978 and is a publicly traded company on the New York Stock Exchange. It is engaged in the construction and sale of high quality homes designed principally for the entry-level and first time move-up markets. The Company also provides mortgage financing and title services for homebuyers through its mortgage and title subsidiaries. Please visit our website at www.drhorton.com for more information.

D.R. Horton, Inc. is currently looking for a Closing Coordinator for their Main Office Department. The right candidate will be responsible for administering all aspects of contract and closing duties by performing the duties listed below.
Essential Duties and Responsibilities

Review HUDs prior to closing.

Prepare and maintain closing packages.

File original HUDs, plans, lender letters, etc.

Daily communication with lenders, sales team and home buyers.

Purchase agreement processing and filing.

Communicate and follow-up with lenders, title and sales staff to ensure timely closings.

Review closing paperwork.

Provides all information necessary to facilitate timely closings.

Review contracts.

Reconciliation of Earnest Money Exception Report.

Set up Customer closing appointments with attorney's office and customer. Notify customer in writing of the closing. Notify mortgage company of closing dates scheduled.

Supply attorneys with closing documentation including final surveys, soil treatments, contracts, certificates of occupancy and keys.

File all closing documents in the lot file.

Obtain expected closing dates from Construction management for all contracts. Update stages of completion and actual closing dates in the Homebuilders software system and Sales Report software as information is provided. Distribute the Stage Report to Construction Management.

Make bank deposits.

Qualifications Education and/or Experience
One year certificate from college or technical school; or three to six months related experience and/or training; or equivalent combination of education and experience.

Come join a winning team with a Fortune 500 company! We are growing fast and are looking for enthusiastic attitudes and team players to join our success. We offer an excellent benefits package including vision, medical and dental. Build YOUR future with D.R. Horton, America's Builder.

Come follow our newest Open Jobs on Twitter and like us on Facebook!

Job: Closing Primary Location: TX-Fort Worth Organization: Home Builder Schedule: Full-time Job Posting: Aug 4, 2022, 5:00:00 AM

CLOSING COORDINATOR

Job Summary:

This position is responsible for coordinating and scheduling the loan closing activities by ensuring all compiled closing documents are accurate, complete and properly signed.

Essential Responsibilities:

+ Responsible for closing Commercial and Corporate Banking Loans files in accordance to the Bank's guidelines, policies and procedures.

+ Reviews approve mortgage loan documents to determine conditions that must be met prior to loan closing and/or reviews documents against the commitment letters to ascertain that all mark-ups were or will be addressed. Any doubt in any of the conditions will be discussed with the Unit Manager.

+ Requests documents and/or additional information as: property information, payoff letters, insurance, and environmental report and title documents.

+ Assures closing and funding actions are done according to deadlines.

+ Participates in customers situations that need support from other bank's units.

+ Requests OFAC and CCI reports to comply with BSA and US Patriot Act Regulations.

+ Requests Flood Insurance Determination for all closings.

+ Reviews the items needed to comply with BSA and Compliance are completed prior the closing action.

+ Follows up on post-closing documents.

+ Prepares the following reports: Mortgage Loan Production and Documentary Stamp reports on a monthly basis.

+ Responsible for balancing the monthly Commercial Closing general ledger accounts on a monthly basis.

+ Serve as back up in other areas within the department according to department needs.

Independenceof Judgment:

The degree of judgment will depend on the complexity of each function and according to the identification and analysis of problems.

Impact of Errors:

The impact of errors in this position could affect job, department and Bank activities, could create a negative financial/compliance/audit impact to the Bank.

Interpersonal Communication:

Excellent communication skills are required for this position. Ability to communicate with internal and external clients.

Competencies:

· Customer Service

· Building strong relationships

· Communication

· Business Acumen

· Problem Analysis and Solution

· Ownership

· Vision and Values

· Collaboration and Creating Teamwork

Minimum Requirements:

This position requires a minimum of High School Diploma and mortgage loan experience, or a minimum of two years' experience as a loan processor in a mortgage company or previous banking experience with loan products.

Physical Demands, Education and Skills:

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this position. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. Specific vision abilities by this job include close and distance vision. While performing the duties of this job, the employee is regularly required to sit, use hand to finger, handle, or feel and talk and hear. The employee is occasionally required to stand for prolonged period of time and walk. Able to bend and lift heavy bags of money and/or boxes up to 15 pounds, and deal with heavy cabinet drawers. Arms could be exposing to repetitive movements. Stress varies with peak and slow periods.

+ Good mathematical, and verbal / written communication skills.

+ Good understanding of financial institution products and services.

+ Prior experience as loan processor.

+ Attention to details.

+ Ability to use office equipment, such as computer terminal, calculator, copier and fax machine

+ Flexibility on working schedule.

+ Ability to generate reports in computer system.

+ Good understanding of loan documentations.

+ Outstanding excel skills

Disclaimer:

The above statements are intended to describe the general nature and level of work being performed by people assigned to this job. They are not indented to be an exhaustive list of all responsibilities, duties, skills required of personnel so classified. The reporting relationship may not reflect the most recent changes to the corporate reporting structure.

Equal Employment Opportunity Employer