Loan Closing Coordinator Jobs in Lincolnwood, IL
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.
Bank Loan Settlement Specialist
- Chicago, IL (8 miles from Lincolnwood, IL)
- 20 days ago
- Chicago, IL (8 miles from Lincolnwood, IL)
- 20 days ago
processing required Strong knowledge of ClearPar, LSTA, and LMA documents required Strong knowledge of Distressed trade settlements required Strong organizational and communication skills, detailed...
- Lake Forest, IL (17 miles from Lincolnwood, IL)
- 26 days ago
- Lake Forest, IL (17 miles from Lincolnwood, IL)
- 26 days ago
Origination Systems or related....
Demographic Data for Lincolnwood, IL
Moving to Lincolnwood, IL? Find some basic demographic data about Lincolnwood, IL below.
Loan Closing Coordinator Online Courses and Training Opportunities
Salary for Loan Closing Coordinator Jobs in Lincolnwood, IL
Highest Education Level
Loan Closing Coordinators in Lincolnwood, IL offer the following education backgroundQualifications / Skill Sets
The following top skills are often required or desired to land a Loan Closing Coordinator position
- Escrow
- Mortgage Lending
- Loan Origination
- Consumer Lending
- Lending
- Federal National Morgage Association
- Federal Housing Administration
- Loan Documentation
- Commercial Lending
- FHLMC
- Fannie Mae
- Freddie Mac
- Loan Processing
- Tila Respa Integrated Disclosures
- VA Loans
- Know Your Customer
- OFAC
- Encompass
- Mortgage Processing
- Wire Transfers
- Mortgage Underwriting
- Financial Services
- USDA
- Loan Servicing
- Mortgage Servicing
- Underwriting
- Appraisal
- Due Diligence
- File Management
- Real Estate
- Problem Resolution
- Finance
- Closing
- Accounting
- High School Diploma
- Auditing
- Written Communication
- Microsoft Outlook
- Documentation
- Filing
- Regulations
- Reporting
- Policy Development
- Sales
- Multitasking
- Problem Solving
- Microsoft Excel
- Microsoft Office
- Microsoft Word
- Time Management
- Staff Supervision
- Organization
- Customer Service
- Scheduling
- Computer Skills
- Leadership
- Communication Skills
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