What are the responsibilities and job description for the Retail Closing Specialist position at Farm Credit Services of America?
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 must work a percentage of time each week in one of the retail locations within the AgCountry territory***
Seeking a Closing Specialist who will be responsible for preparation of non-consumer loan documents, from the point of loan approval through loan finalizing, to include monitoring of appraisal and closing conditions. You will be asked to maintain an understanding of and ensure compliance with all regulations and procedures associated with loan closing. This position has a high degree of accountability to ensure the repayment and collectability of company’s assets through the correct development and implementation of promissory notes, mortgages, and other lending documents. Once the loan is underwritten, you will be responsible for all aspects of loan closing preparation and completing post-closing activities.
Essential Duties & Responsibilities
Pre-Closing Activities
- Ensure accuracy of loan pricing and fees and document any exception approvals, prepare rate lock agreement and monitor closing deadlines. Complete loan verification requirements related to loan documents, review entity and trust documentation, and ensure compliance with applicable regulations. Verify the appraisal report, collateral, and enter appraisal into the collateral tracking system. Partner with respective parties to ensure loan conditions are satisfied, initiate title work, and resolve any issues.
Post-Closing Activities
- Approve loan disbursements and book loans. Responsible for perfecting lien position, including recording and filing documents timely, following up on UCC terminations or other lien releases, obtaining vehicle titles, and ensuring first lien position with final title policy or final title opinion. Finalize all FLCA loans secured by real estate and obtain assignment of indemnity for various insurances. Maintain accuracy of the collateral tracking system and coordinate with teammates to enhance the customer experience.
Education Requirements
- College degree in business or finance related majors preferred.
Years of Experience
- Minimum of two years related experience.
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.
