Loan Closing Coordinator Jobs in Illinois
A Loan Closing Coordinator in the banking industry is a crucial part of the loan process and is responsible for ensuring that all necessary aspects of the loan closing process are met. Their duties include coordinating with loan officers, underwriters, and clients, reviewing loan documents for completeness and accuracy, and ensuring that all conditions of loan approval are met before the closing date. They also work closely with loan servicing and escrow companies to guarantee that all necessary steps are taken for the transfer of property ownership. The Loan Closing Coordinator plays a significant role in maintaining excellent customer service and ensuring all loans are closed in a timely manner.
To become a successful Loan Closing Coordinator, one should have strong organizational and communication skills, detail-oriented nature, and able to work under pressure to meet deadlines. Knowledge of the banking industry, loan processes, and real estate transactions is essential. As for certifications, some companies require a degree in Finance, Business, or a related field, while others might prefer candidates with relevant certification like Certified Loan Processor (CLP), Certified Mortgage Processor (CMP), or Certified Master Loan Processor (CMLP). They are likely to have gained experience in roles such as Loan Processor, Loan Officer, or Underwriter before stepping into the role of a Loan Closing Coordinator.
Loan Systems, IBS, ACBS Knowledge of Loan Documentation - Commercial and Retail Loans i.e....
About Northern Trust: Northern Trust, a Fortune 500 company, is a globally recognized, award-winning financial institution that has been in continuous operation since 1889. Northern Trust is proud...
Comml Loan Closing Coordinator Sr Company: UMB Bank Location: Springfield, IL Date Posted: 3/26/25, 3:21 AM Partner with loan officers to provide assistance in coordinating the processing of new loan...
As a Loan Closing Coordinator in Middle Market Lending, you will be responsible for coordinating activities between the Banker, the Credit Officer, and other areas of Wholesale Lending Serves (WLS)....
Demographic Data for Illinois
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Loan Closing Coordinator Online Courses and Training Opportunities
Salary for Loan Closing Coordinator Jobs in Illinois
Required or preferred licenses and certifications for Loan Closing Coordinator positions.
Highest Education Level
Loan Closing Coordinators in Illinois offer the following education backgroundQualifications / Skill Sets
The following top skills are often required or desired to land a Loan Closing Coordinator position
- Commercial Real Estate
- Retail Banking
- Federal National Morgage Association
- Mortgage Lending
- Loan Origination
- Consumer Lending
- Lending
- Loan Documentation
- Federal Housing Administration
- Commercial Banking
- BSA
- Commercial Lending
- Know Your Customer
- Tila Respa Integrated Disclosures
- Loan Processing
- OFAC
- Mortgage Processing
- Encompass
- USDA
- Wire Transfers
- Loan Servicing
- Financial Services
- Underwriting
- Investment Banking
- Investment Management
- Appraisal
- General Ledger
- Due Diligence
- File Management
- Notary Public
- Real Estate
- Finance
- Closing
- High School Diploma
- Prioritizing
- Written Communication
- Microsoft Outlook
- Documentation
- Reporting
- Filing
- Regulations
- Multitasking
- Policy Development
- Sales
- Problem Solving
- Microsoft Excel
- Microsoft Office
- Time Management
- Staff Supervision
- Organization
- Customer Service
- Research Skills
- Scheduling
- Computer Skills
- Leadership
- Communication Skills
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