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Closing Associate Jobs in Illinois (NOW HIRING)

Compeer Financial

Closing Coordinator

Bloomington, IL · Hybrid

Associate's degree in accounting, business administration, legal, agriculture or related field; or ... Closing Agent License; Insurance Producer License preferred (or ability to obtain within twelve ...

Compeer Financial

Closing Coordinator

Bloomington, IL · On-site

$47K - $66K/yr

Associate's degree in accounting, business administration, legal, agriculture or related field; or ... Closing Agent License; Insurance Producer License preferred (or ability to obtain within twelve ...

Compeer Financial

Closing Coordinator

Bloomington, IL · Hybrid

$47K - $66K/yr

Associate's degree in accounting, business administration, legal, agriculture or related field; or ... Closing Agent License; Insurance Producer License preferred (or ability to obtain within twelve ...

ORIX

Associate, Loan Closing

Chicago, IL · On-site

The Loan Associate will support the internal loan administrative agent team functional responsibilities including loan closings, settlements, servicing, and portfolio administration for syndicated ...

ORIX USA

Associate, Loan Closing

Chicago, IL · On-site

The Loan Associate will support the internal loan administrative agent team functional responsibilities including loan closings, settlements, servicing, and portfolio administration for syndicated ...

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Closing Associate information

What is a closing associate?

Closing Associates are professionals who assist with the final steps of real estate transactions, ensuring all necessary documents are prepared, reviewed, and signed. They work closely with buyers, sellers, real estate agents, and lenders to coordinate the closing process and verify that all legal and financial requirements are met. Their responsibilities may include handling escrow accounts, managing paperwork, and resolving any last-minute issues, helping ensure a smooth transfer of property ownership.

What are the key skills and qualifications needed to thrive as a closing associate, and why are they important?

To thrive as a Closing Associate, you need strong attention to detail, organizational skills, and familiarity with retail or sales processes, often supported by a high school diploma or equivalent. Experience with point-of-sale (POS) systems, cash handling procedures, and basic computer applications is typically required. Excellent customer service, reliability, and effective communication are standout soft skills in this role. These abilities are essential to ensure accurate end-of-day operations, secure cash management, and a positive customer experience.

What are common challenges faced by a closing associate in a real estate transaction, and how can they be managed effectively?

Closing Associates often face tight deadlines, last-minute document changes, and the need to coordinate with multiple parties such as buyers, sellers, lenders, and attorneys. Effective time management, attention to detail, and clear communication are crucial for ensuring a smooth closing process. Building strong organizational habits and staying proactive in following up on outstanding items can help manage these challenges and contribute to successful, timely closings.

What is the difference between Closing Associate vs Loan Processor?

AspectClosing AssociateLoan Processor
CredentialsReal estate or title licensing, sometimes mortgage licensingMortgage licensing, financial or banking certifications
Work EnvironmentTitle companies, real estate firms, mortgage lendersMortgage companies, banks, lending institutions
Employer & Industry UsageCommonly employed in real estate and title industriesPrimarily in mortgage lending and banking sectors
Search & Comparison IntentUnderstanding role differences in real estate closingsClarifying mortgage processing responsibilities

While both roles are involved in the mortgage and real estate transaction process, a Closing Associate primarily handles the final steps of closing, including document coordination and ensuring legal compliance. A Loan Processor focuses on gathering borrower information, verifying documents, and preparing the loan for approval. Understanding these distinctions helps job seekers and employers identify the right candidate for each stage of the closing process.

Are closing associate positions entry level?

Closing associate positions are often entry-level roles that require basic customer service skills, attention to detail, and the ability to handle cash transactions. Many employers provide on-the-job training, and prior experience is not always necessary for these roles.

How to become a closing associate?

To become a closing associate, candidates typically need a high school diploma or equivalent, strong communication and organizational skills, and experience in real estate, finance, or sales. Some employers prefer candidates with knowledge of closing procedures, legal documentation, or relevant certifications, and on-the-job training is common.

What are the most commonly searched types of Closing jobs in Illinois?

The most popular types of Closing jobs in Illinois are:

What cities in Illinois are hiring for Closing Associate jobs?

Cities in Illinois with the most Closing Associate job openings:

Closing Associate jobs near you

Closing Coordinator

Bloomington, IL • Hybrid

Compeer Financial
Finance and Insurance • 1 - 5K employees

9.1

Company rating: 9.1 out of 10

Based on 6 frontline employees who took The Breakroom Quiz

Great coworkers

People enjoy working here

Good employer

Learn more about Compeer Financialexternal

Full-time

Re-posted 3 days ago

Job description

Where you will work: This position offers a hybrid option to allow for occasional remote work, primarily working out of the Bloomington, IL office location.

The contributions you will make: 

Responsible for the accurate processing, closing, funding and servicing of transactions secured by real estate properties. Ensures closings are completed in accordance with regulations, policies and procedures.

A typical day: 

  • Collects documents and ensures appropriate due diligence is completed to confirm all underwriting conditions are met.
  • Verifies accuracy of legal descriptions, property ownership and legal access for real estate secured transactions of the organization.
  • Coordinates with Compeer departments and external companies to order title commitments, appraisals and flood zone determinations. Follows regulatory guidance as applicable.
  • Reviews title insurance commitments, deeds, real estate title documents, Uniform Commercial Code filings, fixture filings, and other related documents to confirm the organization's collateral lien position. Confirms legal documents required to close a transaction and parties required to sign each legal document.
  • Independently creates or reviews settlement statements and/or disbursement agreements in accordance with the transaction to ensure the funds are disbursed accurately.
  • Coordinates on-site and off-site closings with internal and external clients and executes the closing transaction with clients by explaining all forms, answering client questions and securing appropriate signatures on all documents, as needed. May perform witness closings.
  • Administers funding execution and proper booking and data maintenance.
  • Files legal documents with appropriate government entities to perfect Compeer's lien position.
  • Collaborates with sales to service all aspects of client relationships within the lending territory. Assists team members with transactions and loan servicing.
  • Assists Lending Client Coordinators by providing backup to all job functions as needed.
  • Conducts a post-close review of transactions to ensure they were closed in accordance with the organization's policies and procedures. Reviews all documents related to the transaction.

The skills and experience we prefer you have: 

  • Associate's degree in accounting, business administration, legal, agriculture or related field; or related field or an equivalent combination of education and experience sufficient to perform the essential functions of the job.
  • Closing Agent License; Insurance Producer License preferred (or ability to obtain within twelve months (where applicable).
  • Commissioned as a Notary Public for the state (or ability to obtain within three months); may include e-notary. 
  • Working knowledge of loan approval processes and requirements, personal property security documents, real estate, legal, banking, security requirements and title insurance.
  • Working knowledge of legal descriptions and collateral documents to gather appropriate information for document preparation.
  • Basic accounting and mathematical skills to calculate data, reconcile funds and determine payoffs.

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How we will take care of you:

Our job titles may span more than one career level (associate, senior, principal, etc.). The actual title and base pay offered is dependent upon many factors, such as: training, transferable skills, work experience, business needs and market demands. The base pay range is subject to change and may be modified in the future. This role is eligible for variable compensation and other benefits.

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