Loan Closing Coordinator Jobs in Lockport, NY

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.

1-3 of 3 Jobs

Mortgage Closing Coordinator

Buffalo, NY (21 miles from Lockport, NY)
7 days ago

Buffalo, NY (21 miles from Lockport, NY)
7 days ago

KNOWLEDGE, SKILLS & ABILITIES REQUIRED: One (1) year of mortgage banking experience, preferable in loan processing High school diploma required Excellent communication skills (oral, written and phone...

Mortgage Closing Specialist

Williamsville, NY (12 miles from Lockport, NY)
14 days ago

Williamsville, NY (12 miles from Lockport, NY)
14 days ago

Prior Mortgage experience in Mortgage Closing, whether at a Lender, Title Company, or Settlement Agent's office. Solid knowledge of the Department software....

Mortgage Closing Specialist I

Williamsville, NY (12 miles from Lockport, NY)
45+ days ago

Williamsville, NY (12 miles from Lockport, NY)
45+ days ago

EDUCATION AND EXPERIENCE PREFERRED: Prior Mortgage experience in Mortgage Closing whether at a Lender, Title Company or Settlement Agent's office. Solid knowledge of Department software....

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Demographic Data for Lockport, NY

Moving to Lockport, NY? Find some basic demographic data about Lockport, NY below.

Median Age

Average Household Income

Home Value vs Household Income in Lockport, NY

Local

National

Total Population

50,969

Number of Businesses

1,140

City Size

Medium

Loan Closing Coordinator Online Courses and Training Opportunities

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Qard Basics: Benevolent Loans in Islamic Finance

When someone provides a qard, the borrower is obligated to repay only the principal amount borrowed. As a benevolent loan, qard stands as a testament to the prohibition of usury (riba) in Islam,...

Master the Closing Disclosure as a Loan Processor & MLO

Do you want to work in the mortgage industry but don't know what a closing disclosure is? Are you looking to advance in your career by having more specialized knowledge on one of the most...

Financial Math for Actuaries: From Loans to Bonds to Immunization

Start your actuarial career! Study the time value of money by learning about loans, bond valuation, duration, convexity, spot rates, forward rates and the term structure of interest rates. This...

Salary for Loan Closing Coordinator Jobs in Lockport, NY

Estimated salary range based on data from US Bureau of Labor Statistics (BLS) and iHireBanking research efforts.

Highest Education Level

Loan Closing Coordinators in Lockport, NY offer the following education background

Bachelor's Degree

39.6%

Master's Degree

21.3%

High School or GED

16.5%

Associate's Degree

10.8%

Vocational Degree or Certification

8.2%

Some College

2.2%

Doctorate Degree

1.0%

Some High School

0.4%

Average Work Experience

Here's a breakdown of the number of years' experience offered by Loan Closing Coordinators in Lockport, NY

4-6 years

40.5%

2-4 years

30.9%

Less than 1 year

14.0%

10+ years

6.3%

1-2 years

6.1%

6-8 years

2.2%

Qualifications / Skill Sets

The following top skills are often required or desired to land a Loan Closing Coordinator position

In-Demand skills () are the most popular among employers according to the current jobs in our database. Last updated today!

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