Loan Closing & Compliance Specialist

United States·AbingdonFull Timemid

Legal & ComplianceCompliance Specialist

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Quick Summary

Overview

WE’RE HIRING!

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Legal & ComplianceCompliance Specialist

Responsibilities

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Prepare closing packages and coordinate execution; verify approved terms, conditions, signatures, and supporting documents before funding.
Confirm funding authorization, disbursement instructions, and use-of-proceeds records; resolve deficiencies with staff and guide borrowers without providing credit approval or legal advice.
Process authorized modifications, assumptions, subordinations, releases, satisfactions, and collateral changes.

Maintain complete electronic and physical files, checklists, and audit trails; validate borrower, loan, collateral, demographic, funding-source, and impact data against approved terms.
Prepare and track UCC statements, DMV liens, deeds of trust, assignments, continuations, and releases; verify lien position and recording evidence.
Maintain collateral, valuation, ownership, and title records; verify insurance coverage and lender interest, obtain renewals, and escalate deficiencies.

Apply agency, funder, and lending requirements for eligibility, ownership, guarantees, appraisals, collateral, and proceeds; support timely notices, disclosures, certifications, and reports.
Track post-closing documents, insurance, liens, financial reports, annual reviews, and exceptions through resolution; escalate overdue or material concerns.
Review files with management, support audits and examinations, and report closing activity, turnaround times, exceptions, and findings.
Monitor requirement changes and update forms, procedures, and cross-training guidance to improve consistency and preserve segregation of duties.

Experience in loan processing, closing, servicing, credit administration, compliance, or related financial services.
Associate degree or higher in business, finance, or a related field preferred; relevant experience may substitute when permitted.

You catch inconsistencies across approvals, documents, and system records without losing sight of deadlines.
You organize competing priorities, follow through, and apply policies and funder requirements accurately.
You communicate clearly, collaborate well, protect confidentiality, and know when to seek clarification or escalate concerns.
You bring strong computer and data-management skills and a commitment to complete, accurate records.

Nice to Have

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Business or consumer loan documentation, lien filing, collateral, or insurance experience.
Familiarity with SBA, CDFI, or other mission-driven lending programs.
Experience supporting audits, resolving exceptions, or improving loan administration.

Standard role requirements, subject to confirmation:

U.S. work eligibility and required employment verification.
Compliance with background-screening requirements
Must hold a valid driver's license with a good driving record;
Client confidentiality and adherence to agency policies and standards of conduct.
Frequent talking, hearing, and hand/finger use; regular sitting, stooping, and kneeling; occasional lifting or moving up to 20 pounds. Reasonable accommodations may enable performance of essential functions.

Help borrowers move from approval to funding while protecting a mission-driven loan portfolio. This role combines detailed documentation, problem-solving, and teamwork with meaningful community impact.

People Incorporated is an Equal Opportunity Employer/Program and a smoke/drug free workplace. Auxiliary Aids and Services are Available Upon Request to Individuals with Disabilities. For access to Virginia Relay (Telecommunications Relay Service) dial "711" or toll free 800-828-1120 (TTY) or 800 828-1140. This job description does not constitute an employment agreement and is subject to change at any time by the employer.

Position is open until filled.

Monday through Friday; 8 am to 4:30 pm
40 hours/weekly