Retail Closing Specialist

*Hybrid-Candidate must work a percentage of each week in one of the following Iowa Retail offices-Perry, Harlan, Emmetsburg, Carroll, Webster City, Storm Lake, Sioux City, Sheldon, or Red Oak.* 

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. Maintain understanding of and ensure compliance with all regulations and procedures associated with loan closing. Position has a high degree of accountability to ensure the repayment and collectability of Association assets through the correct development and implementation of promissory notes, mortgages, and other lending documents. Once the loan is underwritten, responsible for all aspects of loan closing preparation and completing post-closing activities.

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. Obtain subordinations, complete due diligence, and partner with realtors, attorneys, and abstracters to resolve title exceptions.

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

• Associate's Degree or equivalent work experience preferred in Business or Finance related majors.

• 2+ years of related experience.

About Us:

Farm Credit Services of America (FCSAmerica), AgCountry Farm Credit Services and Frontier Farm Credit are financial cooperatives operating under joint management. While each Association is owned by its local farmers and ranchers, the cooperatives pool their resources, expertise and talent to deliver unrivaled credit and crop insurance services. 

FCSAmerica supports rural communities and agriculture in Iowa, Nebraska, South Dakota and Wyoming. AgCountry serves North Dakota, Minnesota and Wisconsin, and Frontier Farm Credit supports eastern Kansas. Together, we partner with nearly 82,000 agricultural producers and agribusinesses. 

It takes a lot of expertise to meet the needs of today’s agricultural industry, and our combined 2600+ employees provide that in areas of lending, risk management, business services, technology, marketing, and customer and employee education.

We have employment opportunities across our combined eight states. FCSAmerica operates out of its headquarters in Omaha, Nebraska, and 48 local offices; AgCountry is headquartered in Fargo, ND has 45 local offices; and Frontier Farm Credit, has six local offices.

We take pride in serving every aspect of agriculture, from the young and beginning producers to some of the nation’s largest and most complex agribusinesses.