Corporate Closing Specialist
US ONeill, NE, US, 68763 Watertown, SD, US, 57201 Hillsboro, ND, US, 58045 Decorah, IA, US, 52101 Manchester, IA, US, 52057-1522 Casper, WY, US, 82601 Pierre, SD, US, 57501 Marshfield, WI, US, 54449 Baldwin City, KS, US, 66006-0858 Marshalltown, IA, US, 50158 Beatrice, NE, US, 68310 Olivia, MN, US, 56277 Roseau, MN, US, 56751 Sheldon, IA, US, 51201 Morris, MN, US, 56267 Red Oak, IA, US, 51566-1284 Devils Lake, ND, US, 58301 Valley City, ND, US, 58072 Powell, WY, US, 82435 Scottsbluff, NE, US, 69361 Warren, MN, US, 56762 Mason City, IA, US, 50401 Minneapolis, MN, US, 55426 Jamestown, ND, US, 58401 Harlan, IA, US, 51537 Willmar, MN, US, 56201 Madison, MN, US, 56256 Webster City, IA, US, 50595 Hallock, MN, US, 56728 Kearney, NE, US, 68847 Manhattan, KS, US, 66503-0368 Wausau, WI, US, 54402 Imperial, NE, US, 69033 Omaha, NE, US, 68137-2210 Alliance, NE, US, 69301 Columbus, NE, US, 68601 Crookston, MN, US, 56716 Storm Lake, IA, US, 50588 Lisbon, ND, US, 58054 Thorp, WI, US, 54771 Detroit Lakes, MN, US, 56501 Newton, IA, US, 50208 Perry, IA, US, 50220 Carrington, ND, US, 58421 Rugby, ND, US, 58368 Minot, ND, US, 58701 DeWitt, IA, US, 52742 Cedar Falls, IA, US, 50613-0396 Minot, ND, US, 58702 Yankton, SD, US, 57078 Hiawatha, IA, US, 52233 Redwood Falls, MN, US, 56283 Mount Pleasant, IA, US, 52641 Grand Island, NE, US, 68803 McCook, NE, US, 69001-2141 Aberdeen, SD, US, 57401 Graceville, MN, US, 56240 Fargo, ND, US, 58108 Parsons, KS, US, 67357-8110 Crosby, ND, US, 58730 Broken Bow, NE, US, 68822 Grand Forks, ND, US, 58208-3570 Medford, WI, US, 54451 Bowbells, ND, US, 58721 Langdon, ND, US, 58249 Mobridge, SD, US, 57601 Oskaloosa, IA, US, 52577-3717 Sioux City, IA, US, 51106 Bottineau, ND, US, 58318 Norfolk, NE, US, 68701 Thief River Falls, MN, US, 56701 Hiawatha, KS, US, 66434-0297 Mitchell, SD, US, 57301-7248 Fergus Falls, MN, US, 56537 Elbow Lake, MN, US, 56531 Williston, ND, US, 58801 Litchfield, MN, US, 55355 Stevens Point, WI, US, 54482 Marshall, MN, US, 56258 Emporia, KS, US, 66801-7350 Fosston, MN, US, 56542 North Platte, NE, US, 69101 Huron, SD, US, 57350 Marysville, KS, US, 66508-0349 Rapid City, SD, US, 57702 LaMoure, ND, US, 58458 Cavalier, ND, US, 58220 Wahpeton, ND, US, 58075 Emmetsburg, IA, US, 50536 Carroll, IA, US, 51401 Ada, MN, US, 56510 Alexandria, MN, US, 56308 Sioux Falls, SD, US, 57108 Grafton, ND, US, 58237-2225 Lincoln, NE, US, 68521
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
*Incumbent 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
Bachelor's Degree Preferred in Business, Business Law, a Paralegal Program
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.
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 serves 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.