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State Employees' Credit Union

Provides consumer financial services and planning

Post Closing Specialist

Regulatory Compliance & EthicsPosted on Nov 3
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 substitute for the degree.
  • A minimum of 2–5 years of direct experience in real estate lending is required.
  • A general understanding of federal regulatory lending guidelines is required, including Regulation B (ECOA), Regulation Z (TILA), Regulation P (GLBA and CFPB), and UDAAP guidelines.
  • The ability to gain understanding of additional federal regulatory lending guidelines is required, including Regulation C (HMDA), Regulation X (RESPA), the Biggert-Waters Act and HFIAA, and Regulation H (SAFE Act).
  • The ability to gain understanding of state-specific regulatory lending guidelines is required, including the Georgia Residential Mortgage Act and North Carolina General Statutes 41A-4 and 45A-5.
  • The ability to enter and interpret data using Mortgage Origination and Servicing Systems is required.
  • The ability to enter and interpret data using Microsoft software, especially Access and Excel, is required.
  • Familiarity with Adobe Acrobat and the ability to scan, read, open, comment on, and save PDF documents are required.
  • The ability to navigate phone queue software is required.

Responsibilities

  • Audit executed real estate closing packages and supporting loan documentation for regulatory compliance and compliance with SECU policies, 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 closing settlement disbursement summaries and executed Closing Disclosures/HUDs; report discrepancies, verify with the appropriate closing agent whether discrepancies should be refunded or expensed during loan booking, and re-disclose documentation as necessary in compliance with Truth-in-Lending guidelines.
  • Account for trailing documentation and corrections, maintain clear records of executed real estate closing packages and outstanding correction items using consolidated department tracking databases, and file and organize physical documentation prior to permanent storage.
  • Communicate with internal departments and external closing agents to resolve documentation discrepancies and submit documents requiring re-execution to the appropriate closing agent.
  • Respond to incoming inquiries about closing documentation and loan disbursements from members, internal departments, and closing agents.

Desired Qualifications

  • A bachelor's degree in Business, Economics, Mathematics, Scientific fields, 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.

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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