Corporate Closing Specialist
Carroll, IA, US, 51401 Roseau, MN, US, 56751 Storm Lake, IA, US, 50588 Williston, ND, US, 58801 Stevens Point, WI, US, 54482 Newton, IA, US, 50208 Olivia, MN, US, 56277 Manhattan, KS, US, 66503-0368 Grand Island, NE, US, 68803 Marshfield, WI, US, 54449 Wausau, WI, US, 54402 Parsons, KS, US, 67357-8110 Elbow Lake, MN, US, 56531 Marshall, MN, US, 56258 Marysville, KS, US, 66508-0349 Harlan, IA, US, 51537 Alexandria, MN, US, 56308 Decorah, IA, US, 52101 Emporia, KS, US, 66801-7350 Minot, ND, US, 58702 Bottineau, ND, US, 58318 Rugby, ND, US, 58368 Madison, MN, US, 56256 Langdon, ND, US, 58249 Yankton, SD, US, 57078 Manchester, IA, US, 52057-1522 LaMoure, ND, US, 58458 Minot, ND, US, 58701 Mount Pleasant, IA, US, 52641 Hiawatha, KS, US, 66434-0297 Hillsboro, ND, US, 58045 Perry, IA, US, 50220 Pierre, SD, US, 57501 Thief River Falls, MN, US, 56701 Powell, WY, US, 82435 Emmetsburg, IA, US, 50536 Morris, MN, US, 56267 Red Oak, IA, US, 51566-1284 McCook, NE, US, 69001-2141 Medford, WI, US, 54451 Imperial, NE, US, 69033 Broken Bow, NE, US, 68822 Lincoln, NE, US, 68521 Graceville, MN, US, 56240 Litchfield, MN, US, 55355 Baldwin City, KS, US, 66006-0858 Marshalltown, IA, US, 50158 Wahpeton, ND, US, 58075 DeWitt, IA, US, 52742 Detroit Lakes, MN, US, 56501 Hiawatha, IA, US, 52233 Cedar Falls, IA, US, 50613-0396 Carrington, ND, US, 58421 Omaha, NE, US, 68137-2210 Cavalier, ND, US, 58220 Fargo, ND, US, 58108 Watertown, SD, US, 57201 Devils Lake, ND, US, 58301 Thorp, WI, US, 54771 Grafton, ND, US, 58237-2225 Fergus Falls, MN, US, 56537 Lisbon, ND, US, 58054 Crookston, MN, US, 56716 Kearney, NE, US, 68847 North Platte, NE, US, 69101 Webster City, IA, US, 50595 Warren, MN, US, 56762 Grand Forks, ND, US, 58208-3570 Beatrice, NE, US, 68310 Hallock, MN, US, 56728 Valley City, ND, US, 58072 Sioux City, IA, US, 51106 Casper, WY, US, 82601 Aberdeen, SD, US, 57401 Crosby, ND, US, 58730 Fosston, MN, US, 56542 Alliance, NE, US, 69301 Minneapolis, MN, US, 55426 Norfolk, NE, US, 68701 Oskaloosa, IA, US, 52577-3717 Redwood Falls, MN, US, 56283 Scottsbluff, NE, US, 69361 Sioux Falls, SD, US, 57108 Sheldon, IA, US, 51201 ONeill, NE, US, 68763 Ada, MN, US, 56510 Mitchell, SD, US, 57301-7248 Huron, SD, US, 57350 Willmar, MN, US, 56201 Mason City, IA, US, 50401 Columbus, NE, US, 68601 Rapid City, SD, US, 57702 Jamestown, ND, US, 58401 Mobridge, SD, US, 57601 Bowbells, ND, US, 58721
AgCountry Farm Credit Services (AgCountry), Farm Credit Services of America (FCSAmerica) and Frontier Farm Credit are financial cooperatives that operate under shared management across eight states. While each association is owned by its local farmers and ranchers, they collaborate by pooling resources, expertise, and talent to provide affordable credit, crop insurance, and financial services.
Our associations are united by a common mission and commitment to serving rural America and supporting each other, which drives the success of the farmers, ranchers, and agribusiness we serve. We take pride in being a great place to work, and this enthusiasm is reflected in the relationships our team members foster with one another and with our customers.
Job Summary
**Ideal candidate would be located in either the Iowa or Nebraska territory but can work at any of our offices within the AgCountry, Farm Credit Services of America or Frontier Farm Credit footprint.**
We are seeking a Corporate Closing Specialist to contribute to a team environment by coordinating and facilitating the loan closing process, timeline, and legal documentation for lending relationships originated by the Association’s Corporate Business Development Teams. Including complex lending structures and broadly syndicated commercial and real estate transactions. Effectively manage the closing timeline to ensure the Associations exceed established service standards. This position will have direct external customer contact and must have a working knowledge of the key documentation elements and legal structures of these complex lending relationships. In coordination with other teams, ensure the repayment and collectability of Association assets through the correct development, review and implementation of credit agreements, lending agreements, mortgage filings, UCC filings, and other lending and collateral documents. Manage the title policy process to ensure exceptions are addressed and appropriate endorsements are obtained, including monitoring of construction loans. Coordinate with internal teams and the loan accounting team to ensure accuracy of the booking sheet.
Essential Duties & 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
Education Requirements
- Bachelors degree in Business, Business Law, a Paralegal Program is preferred.
Years of Experience
- 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.
Certification and Technical Requirements
- 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.
Why Us:
For qualifying positions, we provide a competitive benefits package designed to support health and well-being, financial security, and work-life balance:
- Health Benefits: Comprehensive medical, dental, and vision insurance
- Retirement Plans: 401(k)
- Paid Time Off: Vacation, sick leave, paid holidays, and parental leave
- Additional Benefits: Life and disability insurance, Employee Assistance Program (EAP), wellness programs, tuition assistance, and short-term incentive pay
For a comprehensive overview of our total reward offerings, click here.
About Us:
AgCountry has 45 offices, is based in Fargo, North Dakota and serves portions of North Dakota, Minnesota, and Wisconsin, FCSAmerica is based in Omaha, NE and has 42 local offices serving rural communities and agriculture in Iowa, Nebraska, South Dakota, and Wyoming. Frontier Farm Credit has six offices serving eastern Kansas. Together, we support nearly 82,000 producers and agribusinesses, meeting the needs of today’s agricultural industry with our combined 2600+ employees providing lending, risk management, technology, commodity marketing, and customer and employee education.
AgCountry Farm Credit Services, ACA, Farm Credit Services of America, ACA, and Frontier Farm Credit, ACA are Equal Employment Opportunity employers, and they comply with all applicable federal, state, and local fair employment practices laws.
Nearest Major Market: Des Moines