State Employees' Credit Union

Provides consumer financial services and planning

Document Review Specialist

AuditingConfirmed live in the last 24 hours

Full-timeWake Forest, NC, USANo salary listed

About the Job

Requirements

An associate degree in Business, Mathematics, Accounting, Finance, or a related field is required; three additional years of relevant experience may be considered in lieu of the degree.
A minimum of 2–5 years of direct experience in real estate lending is required.
General understanding of federal regulatory lending guidelines, including Regulation B (ECOA), Regulation Z (TILA), Regulation P (GLBA and CFPB), and UDAAP guidelines.
Ability to gain understanding of additional federal regulatory lending guidelines, including Regulation C (HMDA), Regulation X (RESPA), the Biggert-Waters Act and HFIAA, and Regulation H (SAFE Act).
Ability to gain understanding of state-specific regulatory lending guidelines, including the Georgia Residential Mortgage Act and North Carolina General Statutes 41A-4 and 45A-5.
Ability to enter and interpret data with mortgage origination and servicing systems.
Ability to enter and interpret data across the Microsoft suite of software, especially Access and Excel.
Familiarity with Adobe Acrobat and the ability to scan, read, open, comment on, and save PDF documents.
Ability to navigate phone queue software.

Responsibilities

Complete audit reviews of executed real estate closing packages and supporting loan documentation to verify regulatory compliance and SECU policies, ensuring fair and responsible lending and accurately secured lien position and collateral. This includes TILA and RESPA (TRID/Regulation X and Z).
Audit SECU closing fees and escrow-related disbursements against the closing settlement disbursement summary and executed Closing Disclosure/HUD; report discrepancies and verify with the appropriate closing agent whether they should be refunded or expensed during loan booking. Re-disclose documentation as necessary in compliance with Truth-in-Lending guidelines.
Account for trailing documentation and corrections, maintaining records of executed real estate closing packages and outstanding correction items through consolidated department tracking databases. File and organize physical documentation prior to permanent storage.
Communicate with internal departments and external closing agents to resolve documentation discrepancies and submit documentation requiring re-execution to the appropriate closing agent.
Field incoming inquiries regarding closing documentation and loan disbursements from members, internal departments, and closing agents.
Manage loans from disbursal through loan boarding and final loan documentation storage.

Desired Qualifications

A bachelor's degree in Business, Economics, Mathematics, Scientific, or a related field of study is preferred.
Two years of prior banking experience, including at least one year in a lending-related role such as loan origination, underwriting (consumer or real estate), loan closing, loan post-closing, or loan servicing, is preferred.

If you are motivated and believe in the credit union philosophy of "People Helping People," join our team!

Position Overview:

The Document Review Specialist provides post closing audit review of loan documentation within the real estate loan delivery process under supervision. In order to maintain strict compliance with federal, state and local regulatory lending guidelines and SECU lending policies, review is completed on all signed closing documentation, supporting documentation collected during loan processing and underwriting, and closing fee consolidation reports. You are responsible for managing loans from disbursal through loan boarding and final loan documentation storage.

Essential Responsibilities:

(35%) Complete audit review of executed real estate closing packages and supporting loan documentation to verify regulatory compliance and SECU policies, ensuring fair and responsible lending as well as accurately secured lien-position and collateral. This includes TILA and RESPA (TRID/Regulation X and Z).
(20%) Audit SECU closing fees and escrow related disbursements against the closing settlement disbursement summary and executed Closing Disclosure/HUD. Report any discrepancies discovered and verify with the appropriate closing agent where discrepancies should be refunded or expensed during loan booking. Re-disclose documentation as necessary in compliance with Truth-in-Lending regulatory guidelines.
(20%) Account for trailing documentation and corrections, maintaining clear and concise record keeping of all executed real estate closing packages and outstanding correction items through consolidated department tracking databases. Record keeping will also include filing and organization of all physical documentation prior to permanent storage.
(15%) Communicate with internal departments and external closing agents to resolve documentation discrepancies and submit any documentation in need of re-execution to the appropriate closing agent.
(10 %) Field incoming inquiries regarding closing documentation and loan disbursements from members, internal departments, and closing agents.

Required Education & Experience (Knowledge, Skills, & Abilities):

Required Education: Associates – Acceptable fields of study: Business, Mathematics, Accounting, Finance, or related fields. Additional three years of relevant experience can be considered in lieu of degree
Minimum 2-5 years of direct experience in real estate lending
General understanding of Federal Regulatory Lending Guidelines including Regulation B (ECOA), Regulation Z (TILA), Regulation P (GLBA and CFPB), and UDAAP guidelines
Ability to gain understanding of additional Federal Regulatory Lending Guidelines including but not limited to Regulation C (HMDA), Regulation X (RESPA), the Biggert-Waters Act and HFIAA, and Regulation H (SAFE Act)
Ability to gain understanding of State Specific Regulatory Lending Guidelines including the Georgia Residential Mortgage Act and North Carolina General Statutes 41A-4 and 45A-5
Ability to enter and interpret data with Mortgage Origination and Servicing Systems
Ability to enter and interpret data across the Microsoft suite of software, especially within Access and Excel
Familiarity with Adobe Acrobat and ability to scan, read, open, comment, and save PDF documents
Ability to navigate phone queue software

Preferred Education & Experience (Knowledge, Skills, & Abilities):

Preferred Education: Bachelors in Business, Economics, Mathematics, Scientific or related field of study
2 years prior banking experience including at least 1 year prior experience in a lending related role such as loan origination and/or underwriting (consumer or real estate), loan closing, loan post closing, or loan servicing

Job Environment & Physical Requirements:

Hybrid expectations
Filing for prolonged periods
Sitting for prolonged periods
Computer/Typing for prolonged periods
Carrying, lifting, push/pull up to 20 lbs

SECU provides equal employment opportunity to all qualified persons regardless of race, color, religion, age, sex, sexual orientation, gender identity, national origin, genetic information, disability, veteran status, or other classification protected by law.

Disclaimer

State Employees' Credit Union reserves the right to fill this role at a higher/lower level based on business need.

About the Company

State Employees' Credit Union

Provides consumer financial services and planning

State Employees' Credit Union is a not-for-profit financial cooperative owned by its members, serving North Carolina state employees and their families with consumer financial services and financial advisory offerings. Its products include checking, savings, loans, mortgages, credit, and payments, plus retirement and education planning, tax preparation, insurance, trust and estate planning, and investments through partners, accessible through 273 branch offices, 1,100+ ATMs, 24/7 member services by phone, a website, and a mobile app. It differentiates itself by being member-owned rather than shareholder-owned and by combining a broad set of financial products with extensive planning services through partnerships, supported by a wide geographic footprint. Its goal is to help its more than 2.6 million members obtain affordable, accessible financial services and trusted guidance to meet both short- and long-term financial goals.

Company size: 1,001-5,000
Company stage: Not listed
Total funding: Not listed
Headquarters: Raleigh, NC
Founded: 1937

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